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*AUV represents the average unit volume of the top 50% systemwide restaurants that were fully operational for at least 12 months as of January 1, 2025. Numbers are based on Gross Receipts, defined in our 2025 FDD in Item 19.

**Average COGS and Labor are based on data from 8 Restaurants, which were fully operational for at least 12 months as of January 1, 2025. Numbers are based on Gross Receipts, defined in our 2025 FDD in Item 19.

***Estimated initial investment assumes a cold dark shell delivery. $0 work letter and $0 in tenant improvement allowance, and includes the franchise fee or ADA fee, 3 months of cash reserves, 3 months of rent among other various start-up expenses. Please see Item 7 in the Biscuit Belly 2025 FDD for more information.

This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for informational purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your jurisdiction.

©2025 Biscuit Belly Franchise

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