Wild Bill's Soda

Franchised units open at year-end

Gross new units opened during the calendar year

Net unit growth versus prior year

Compound annual growth rate of unit count over the trailing 3 years

Cumulative opens / closures through year-end

Per FDD Item 19 disclosure

Per FDD Item 19 disclosure

Per FDD Item 19 disclosure

Year-over-year change in median AUV

Median unit-level EBITDA / AUV

Midpoint of estimated initial investment range

Midpoint of average time from agreement to opening

Percent of net sales paid to the franchisor

Median AUV / estimated initial investment midpoint

Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.