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22 FRANCHISE-READY RESTAURANTS (TWO BRANDS) #67602 BUSINESS HIGHLIGHTS Two family-owned restaurant concepts are available, opera ng twenty-two loca ons across the South Atlan c region. One concept, a family-friendly steakhouse, offers 100% Hereford beef grilled to perfec on across its nine strategic loca ons. The second concept is a neighborhood bar and grill, focused on celebra ng community, family, and sports with good food and drinks in a casual sport-bar environment. The operators are seasoned veterans of the hospitality industry, having worked in restaurants for over three decades. Their experience has enabled the Company to grow from a single 1,000sf loca on in 2008, to 22 units across both brands by 2023. The Owners developed seamless expansion processes that allow for expedient development of new loca ons, going as far as crea ng a franchise disclosure document (FDD) for the bar and grill brand. A collabora on with US Foods, facilitated by a corporate chef, further dis nguishes the Company in the industry, ensuring a reliable and high-quality supply chain and early access to culinary trends and innova ons. Together, these elements contribute to the Company 's status as dynamic players in the compe ve restaurant landscape, consistently delivering excep onal dining experiences while staying a uned to the evolving preferences of their diverse customer base. Jack Sluiter Managing Director - M&A E. jsluiter@genera onal.com T. 980-217-9520 INVESTMENT BANK OF THE YEAR 2016 - 2017 - 2018 - 2022 DISCLAIMER: All informa on contained in this document has been provided by the subject company to Genera onal Equity and while believed to be correct has not been verified. Accordingly, Genera onal Equity makes no representa ons or warran es as to the accuracy and truthfulness of such informa on. The recipient hereof acknowledges that Genera onal Equity shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by Genera- onal Equity of this document. At all mes Genera onal Equity and/or its affiliate network members are agents for the seller and not for the buyer. Genera onal Equity's fees are paid by the seller. REVENUE / EBITDA 2023 REVENUE INVESTMENT APPEAL a. Excep onal Growth: The Company has achieve 22.4% CAGR since 2020, reaching an EBITDA of $2.5M in 2023. Growth has been driven by managements' keen eye for new loca ons, experienced development team, strong brand presence and ghtly managed pricing. b. Strong Regional Posi on: Both brands have strong recogni on within the regional market and proven success with mul ple loca ons. The Company an cipates further expanding its presence within these and new loca ons during the pro forma period. c. Development Experience: The Company has successfully grown both brands to twenty-two loca ons from scratch. During that me, the Company have refined the new unit development process, site iden fica on, and staffing ramp up to enable for steady loca on growth as opportuni es arise. d. Franchise Ready: The Company previously worked through the complexity and planning required to develop an FDD for the neighborhood grill brand and can easily update the document to pursue a franchise model. e. Price Increases: The Company increased prices 3 mes in 2023 and closely watches food costs to adjust the menu accordingly. Pricing is anchored to a 60% prime cost for the Bar & Grill, and 65% for the Steakhouse. Genera onal Equity 125 Park Avenue, 25th FL New York, NY 10017 T. 212-401-7961 $2.5M $2.4M $23.5M $26.5M 2024(P) REVENUE 2024(P) EBITDA 2023(P) EBITDA SIGN NDA ► CUSTOMER MARKETS North Carolina 90% South Carolina 5% Virginia 5% FINANCIAL PERFORMANCE ($M) LOCATIONS Bar & Grill % of Revenue 49.8% # Loca ons 13 New in 2022 3 Steakhouse % of Revenue 50.2% # Loca ons 9 New in 2022 3 OWNERS 2 FT REVENUE MIX HOURLY MGRS 40 FT GENERAL MGRS 23 FT ASSISTANT MGRS 35 FT COOKS 225 FT 276 PT SERVERS 138 FT 414 PT STAFF MIX