Revenue per outlet $ 2.

40 interest 10%
growth 2.50%
Company owned
Cost per site $ 2.10
profit margin 6%

2011 2012 2013 2014 2015 2016

Units signed during year 2.00 - 2.00 2.00 2.00 2.00
Cumulative 2.00 2.00 4.00 6.00 8.00 10.00
Revenue earned $ 4.47 $ 4.07 $ 7.39 $ 10.08 $ 12.22 $ 13.89
Investment $ 4.20 $ - $ 4.20 $ 4.20 $ 4.20 $ 4.20
Profits $ 0.27 $ 0.24 $ 0.44 $ 0.60 $ 0.73 $ 0.83

Syndicated
Transaction cost 2.5
incentive 4%

2011 2012 2013 2014 2015 2016

Units signed during year - - 2.00 3.00 3.00 4.00
Cumulative - - 2.00 5.00 8.00 12.00
Revenue earned $ - $ - $ 3.70 $ 8.40 $ 12.22 $ 16.66
Site cost $ - $ 1.25 $ 1.25
Profits $ - $ - $ 0.15 $ 0.34 $ 0.49 $ 0.67

Franchising
Investment 1
application fee 0.04
royalty 2%

2011 2012 2013 2014 2015 2016

Units signed during year - - 4.00 4.00 4.00 5.00
Cumulative - - 4.00 8.00 12.00 17.00
Revenue earned $ - $ - $ 7.39 $ 13.44 $ 18.33 $ 23.61
Site cost $ 1.00 $ -
Profits $ - $ - $ 0.31 $ 0.43 $ 0.53 $ 0.67
 2017 2018
2.00 2.00
12.00 14.00
$ 15.15 $ 16.07
$ 4.20 $ 4.20 $ 29.40
$ 0.91 $ 0.96 $ 5.00
ROI 17%

2017 2018
4.00 4.00
16.00 20.00
$ 20.20 $ 22.95
$ 2.50
$ 0.81 $ 0.92 $ 3.37
135%

2017 2018
5.00 6.00
22.00 28.00
$ 27.77 $ 32.13
$ 1.00
$ 0.76 $ 0.88 $ 3.57
357%