What is included in the definition of 'Gross Restaurant sales' for Crisp & Green, as used in Item 19?

According to Crisp & Green's 2024 Franchise Disclosure Document, 'Gross Restaurant sales' is defined as the total revenue derived from the sale of goods, less sales tax. This definition is specifically used within Item 19 of the FDD, which covers financial performance representations. It's important to note that this definition differs from the general definition of 'Gross Sales' used elsewhere in the document and in the Franchise Agreement.

A key distinction is that the 'Gross Restaurant sales' figure does not exclude discounts, allowances, or returns, including those related to loyalty programs. This means that the revenue figures presented in Item 19 are calculated before any deductions for these items. This is a more inclusive measure of revenue compared to 'Gross Sales' as defined elsewhere.

For a prospective Crisp & Green franchisee, understanding this definition is crucial when reviewing the financial performance data presented in Item 19. The figures represent the total sales generated before accounting for discounts or other reductions, providing a comprehensive view of the restaurant's revenue-generating potential. However, franchisees should also consider the impact of discounts and other reductions on their actual net revenue and profitability, as these are accounted for under the general 'Gross Sales' definition used for royalty calculations and other financial obligations outlined in the Franchise Agreement.