FINANCIAL PERFORMANCE REPRESENTATION*
| 2023 AVERAGE GROSS SALES AND EXPENSES (UNAUDITED) COMPANY-OWNED AND FRANCHISEE-OWNED LOCATIONS* |
||
| DESCRIPTION | ANNUAL AVERAGE | % OF SALES |
| NET SALES | $2,608,936 | 100.0% |
| COGS | $752,849 | 28.9% |
| LABOR & BENEFITS | $794,955 | 30.6% |
| CONTROLLABLE | $347,763 | 13.3% |
| NON-CONTROLLABLE | $74,041 | 2.8% |
| OCCUPANCY | $195,167 | 7.5% |
| ROYALTIES | $183,188 | 7.0% |
| EBITDA (NORMALIZED**) | $257,785 | 9.9% |
| EBITDA (ACTUAL) | $286,283 | 11.0% |
*Endcap Locations opened at least 12 Months; Please refer to FDD Item 19 for more information. **Normalized EBITDA is operating cash flow from core business activities, removing non-recurring revenue/expenses (e.g.. Government programs like PPP loans, ERC tax credits).
Investment
Financial Performance
Why Franchisees continue to investREAD NEXT : Why Franchisees Continue To Invest