TASTE BUDS KITCHEN

Data Based On: Nine (9) franchised locations (Sales Reporting Locations) operating as of December 31, 2024 and open a minimum of 12 months for gross revenue data. Seven (7) of these locations (Sales & Expense Reporting Locations) provided profit and expense data.

* Weighted average gross revenue calculated from segmented data on Page 2, section II.A, based on 9 franchised units (Sales Reporting Locations): (2 units × $1,113,959 + 2 units × $752,576 + 2 units × $629,282 + 3 units × $372,023) / 9 total units = $678,633.67. Average gross profit, average net profit, and EBITDA margin are derived from Table D on Page 4, which is based on 7 franchised units (Sales & Expense Reporting Locations). Average Gross Revenue for these 7 units was $724,442, and Average Food & Event Supplies (COGS) was $59,116, leading to an average gross profit of $665,326. Average net profit is given as 'Net Operating Income' of $204,062, which is defined as Gross Profit minus Expenses (before taxes, depreciation, interest, and owner's compensation). The EBITDA margin is the 'Net Operating Income (%)' of 28%. The median gross revenue of $641,304 is also from this table (7 locations).