SUPERIOR FENCE & RAIL, INC

Data Based On: 93 franchised outlets that operated during the reporting period ending September 30, 2025.

* Average Gross Revenue ($3,011,403) and Median Gross Revenue ($2,598,212) are directly from the 'A(1) Combined Multi-Territory and Single-Territory Franchisees' table on Page 2, representing 93 franchisees for the 12 months ending September 30, 2025. Revenue Top Quartile ($5,422,461) is the average revenue for the 'More than $4M' segment (22 franchisees) from the 'A(1) Combined Multi-Territory and Single-Territory Franchisees' table on Page 2. This segment represents approximately 23.6% of the 93 franchisees. Revenue Bottom Quartile ($763,427) is the average revenue for the 'Less than $1M' segment (7 franchisees) from the 'A(1) Combined Multi-Territory and Single-Territory Franchisees' table on Page 2. This segment represents approximately 7.5% of the 93 franchisees. Average Gross Profit ($1,447,769) is directly from the 'Part 1: Average Total Revenue Less Average COGS and Average Certain Expenses' table on Page 3, representing 44 reporting franchisees for the 12 months ending December 31, 2024. Average Net Income, Average Net Profit, and Average EBITDA are not explicitly provided in the document. The figure of $353,232 for 'Total Revenue Less Cost of Revenues and certain disclosed operating expenses' was explicitly stated on Page 5 as not representing a final gross profit or net income due to additional unreflected costs. Best Guess Profit Low ($764,906) and Best Guess Profit High ($1,738,507) are estimated Gross Profit ranges. These were calculated by applying the minimum and maximum Gross Profit Margins (25.4% and 57.7% respectively, from 'Part 2: Gross Profit Margin for 2024 Calendar Year' table on Page 5 for 76 franchisees) to the Average Gross Revenue of the 93 franchisees ($3,011,403). - Best Guess Profit Low = $3,011,403 * 0.254 = $764,906.36 (rounded to $764,906) - Best Guess Profit High = $3,011,403 * 0.577 = $1,738,506.77 (rounded to $1,738,507)