SURFACE EXPERTS

Data Based On: 75 Franchised Locations open and operating for at least 12 months as of December 31, 2025

* Calculated weighted average gross revenue for all 75 franchised locations. The data was presented in two groups: a single territory group (66 units) and a multi-territory group (9 units). Single territory group (66 units): (16 units * $1,111,479.35 + 17 units * $703,219.69 + 16 units * $468,010.01 + 17 units * $256,081.73). Multi-territory group (9 units): (2 units * $2,137,696.53 + 2 units * $1,508,209.96 + 2 units * $1,248,396.01 + 3 units * $899,392.42). Total weighted sum / 75 units = $720,889.82. Revenue Top Quartile calculated as the weighted average of the top 25% tiers from both groups: (16 units at $1,111,479.35 + 2 units at $2,137,696.53) / 18 units = $1,225,503.48. Revenue Bottom Quartile calculated as the weighted average of the bottom 25% tiers from both groups: (17 units at $256,081.73 + 3 units at $899,392.42) / 20 units = $352,578.33. Median Gross Revenue is derived from the 'Median Gross Revenue for the Quartile' of the Third 25% tier in the single territory group ($484,968.14), as this tier (units 34-49) contains the overall median (38th) unit of the 75 franchised locations. Profit metrics (gross profit, net income, net profit, EBITDA) and profit range estimates (best_guess_profit_low, best_guess_profit_high) could not be calculated. The document provides average gross revenue per job/repair and limited expense data (monthly rent, cost of goods sold per job), but explicitly states that many other expenses (royalties, support center fees, marketing, taxes, depreciation, etc.) are not included, making it impossible to accurately determine unit-level total gross profit, net income, or net profit.