SUPERIOR FENCE & RAIL, INC

Data Based On: 93 franchised outlets, representing combined multi-territory and single-territory franchisees, operational during the reporting period ending September 30, 2025. (Excludes company-owned operations and certain new/ceased franchisees.)

* Average gross revenue and median gross revenue are directly from the 'Total' row of the 'A(1) Combined Multi-Territory and Single-Territory Franchisees' table for 93 franchisees operating for the 12 months ending September 30, 2025. Revenue top quartile is the average from the 'More than $4M' segment (22 franchisees), and revenue bottom quartile is the average from the 'Less than $1M' segment (7 franchisees) of the same table. Average gross profit ($1,447,769) and average operating profit ($353,232, labeled as 'Total Revenue Less Cost of Revenues and certain disclosed operating expenses') are derived from the 'Part 1' table of the Benchmarking Study. These figures are for a different sample of 44 Reporting Franchisees operating for at least two full years as of December 31, 2024. The average gross revenue for this specific sample of 44 franchisees was $3,497,555. The operating profit figure of $353,232 does not account for all additional costs and expenses not reflected in Part 1, as per the document's note on page 5. No explicit net income or EBITDA figures were provided. Best guess profit low/high are null due to the complexity of estimating a reliable range from disparate expense data and the document's explicit note that the given operating profit is not a final net profit.