WOOF GANG BAKERY

Data Based On: 103 franchised outlets open for at least 49 months and in operation during the entire 12-month period ended December 31, 2025.

* Average gross revenue is taken directly from the 'Gross Revenues' of $738,802 in the Pro Forma table for stores open over 49 months. Median gross revenue is taken from Table 1, 'Median Total Gross Revenue for Calendar Year 2025' for stores open 'Open for Over 49 Months' ($673,712). Average gross profit is taken directly from the 'Gross Profit' of $649,960 in the Pro Forma table. Average EBITDA is taken directly from the 'EBITDA' of $102,830 in the Pro Forma table. EBITDA margin is calculated as Average EBITDA ($102,830) / Average Gross Revenue ($738,802) = 0.13918. The best guess profit range (EBITDA range) is calculated by taking the 'Gross Revenues' ($738,802) and subtracting the sum of the low and high estimates for each expense line item. For expenses with explicit ranges in the 'Expenses' notes (Notes 6-21), those ranges were used. For expenses without explicit ranges (e.g., Service Labor, Marketing Contribution, Management System, Rent, Royalties, COGS), the specific value from the Pro Forma table was used as a fixed value. The Payroll Taxes range was estimated by first calculating the pro-forma's implied payroll tax rate (Payroll Taxes $25,859 / Total Labor $338,024 = ~7.65%) and then applying this rate to the min/max of 'Retail & Manager Labor' combined with the fixed 'Service Labor'. The total expenses were summed for both the low and high ends to determine the EBITDA range.