What was the average 'other expenses' amount for the 9 Amorino locations represented in the financial performance representation?

According to Amorino's 2025 Franchise Disclosure Document, the average 'other expenses' for 9 of the Amorino locations in 2023 was $158,849, representing 14.7% of net revenues. 'Other Expenses' are defined as the sum of other operational costs to operate a store, including but not limited to utility costs, repair and maintenance costs, bank fees, legal and professional services, external services, and other expenses.

For a prospective franchisee, this figure provides a benchmark for understanding the potential operational costs beyond the more commonly tracked expenses like rent, payroll, and cost of goods sold. It's important to note that this is an average, and individual stores' 'other expenses' may vary significantly based on factors like location, store size, and management practices. The FDD indicates that 9 out of 16 stores performed above the average.

It is important for prospective franchisees to carefully review the components of 'other expenses' and consider how these costs might apply to their specific circumstances. For example, utility costs can vary widely depending on the location's climate and energy efficiency, while repair and maintenance costs may depend on the age and condition of the building and equipment. Understanding these potential variations is crucial for developing a realistic financial projection.

Amorino specifies that the financial performance representation does not contain complete information regarding costs associated with starting and operating a store. The FDD also states that there may be other costs and other expenses not identified in Item 19. Therefore, Amorino recommends that prospective franchisees conduct an independent investigation of the costs and expenses they will incur in operating their store.