Rizal Ave.

GRID POPULATION COUNT
GRID
NO.
BARANGAY/
SUBDIVISION
STREET/CONDO
NO. OF
HOUSEHOLDS
POPULATION
COUNT
WITHIN 150M
GRID
NO.
NAME OF ESTABLISHMENT
NO. OF UNITS
POPULATION
COUNT
WITHIN 150M
0
0
0
0
0
0
0
0
0
0
0
0
0
WITHIN 300M
0
0
0
0
0
TOTAL
TOTAL
GRAND TOTAL
1,224
NOTE: STANDARD ______ ( ) OCCUPANTS PER HOUSEHOLD
Revised 07/05/10
EXTENDED VEHICLE COUNT

TYPE:
ASSOCIATION:
ROUTE:
TIME
AM / PM
HOURS
TOTAL VEHICLE COUNT
HOURS
TIME
AM / PM
TOTAL VEHICLE COUNT
8:00
9:00
630
4:00
5:00
710
9:00
10:00
580
10
5:00
6:00
620
10:00
11:00
520
11
6:00
7:00
680
11:00
12:00
490
12
7:00
8:00
630
12:00
13:00
400
13
8:00
9:00
508
13:00
14:00
380
14
9:00
10:00
300
14:00
15:00
320
15
10:00
11:00
210
15:00
16:00
420
16
11:00
12:00
180
TOTAL
3,740
TOTAL
3,838
PFT COMPUTATION
TOTAL (AM & PM)
7,578
ESTIMATED % BUYING
1.50%
AVE. DAILY TRANSACTIONS
114
AVE. SALES PER TRANSACTION
70
AVERAGE DAILY SALES
7,957
COMPETITOR VALIDATION
NAME
ADT
AST
ADS
Revised 07/05/10
ROBINSONS CONVENIENCE STORES, INC.

STORE LOCATION SURVEY SHEET
LESSOR:
MR. JAMES BOSCH
AREA DEVELOPMENT MANAGER:
MARLOUE ARIOLA
DEVELOPMENT SPECIALIST:
JAYSON SABADO
LESSOR
RCSI OFFER
150,000
32,000
43,000
500/ SQM
400/SQM
500/SQM
ASSOCIATION DUES
N/A
N/A
LOT AREA (sqm) (For Land Lease)
N/A
N/A
300 SQM\
80 SQM
86.13
10% 2ND-5TH YEAR
5% (3RD-5TH YEAR)
MONTHLY RENT (vat exclusive)

RENT/SQM (vat exclusive)
FLOOR AREA (sqm) (For Building Lease)

ESCALATION (%)
LEASE PERIOD (YEARS)
ADDRESS:
68 Doa Soledad Better Living, Paranaque City
BLDG LEASE
TELEPHONE
FC TO APPLY
N/A
ELECTRICITY
FC TO APPLY
N/A
WATER
FC TO APPLY
PACKAGE A
TYPE OF FC
5% (2ND-5TH YEAR) PROFILE
3 MONTHS
3 MONTHS
3 MONTHS
45 DAYS
90 DAYS
2 MONTHS
5 YEARS MINIMUM
5 YEARS
RENT FREE PERIOD
MS DOA SOLEDAD
PROPERTY CLASSIFICATION
3 MONTHS
ADVANCE RENTAL (MOS.)
OFFICIAL NAME:
FINAL TERM
12 MONTHS
SECURITY DEPOSIT (MOS.)
D-1005
RESIDENTIAL SUBDIVITION
3 MONTHS
5 YEARS
1 MONTH ADD. IF
RENTAL CONCESSION
MERALCO PROJECT
PROJECTED SALES (VAT EXCLUSIVE)

FIXED MARKET
NO. OF
PARTICULARS
POPULATION
UNITS
% CATCH
TRANS
AST
SALES
AVE.
NO. OF
MONTHLY
DAYS
SALES
150M
EXTENDED VEHICLE MARKET
TOTAL
TYPE
VEHICL
E
PRIVATE CARS
NO. OF
% CATCH
TRANS
AST
TOTAL
8AM -4PM
1%
50
30
4PM- 11 PM
1%
50
30
30
TIME
TOTAL
CAR MARKET
1%
DAYS
AVE. MONTHLY SALES
PROJECTED MONTHLY SALES

PROJECTED AVE. DAILY SALES
PROJECTED AVE. SALES PER TRANSACTION
PROJECTED AVE. DAILY TRANSACTIONS
MINISTOP LOCATION
STRENGTHS
WEAKNESSES
1,665,292
55,510
48
1,150
PROFILE REFERENCE
MINISTOP STORE
PROFILE
FF SALES %
GP%
AST
ADS
AVE. MONTHLY FC PROFITABILITY
AVE. MONTHLY RCSI PROFITABILITY
Revised 07/05/10
ROBINSONS CONVENIENCE STORES, INC.

YEAR-ON-YEAR ASSUMPTIONS
OPERATING EXPENSE ASSUMPTIONS

(VAT Exclusive)
REVENUES
SALARIES AND WAGES
Days Receivable
Days Inventory
Days Payable
14
30
Sales Rate of Increase

Year 2
Year 3
Year 4 onwards
(Annual-based on historical sales trend)
8%
5%
3%
Gross Margin before FC Share (before Loss and Disposal)

Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
30.0%
30.0%
30.0%
30.0%
30.0%
30.0%
30.0%
30.0%
30.0%
30.0%
Gross Margin before FC Share (after Loss and Disposal)

Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
28.8%
28.8%
28.8%
28.8%
28.8%
28.8%
28.8%
28.8%
28.8%
28.8%
Loss
Disposal
Store Supplies
0%
1.2%
1%
EXPENSES
Salaries and Wages Rate of Increase
(Annual-based on ave. min. wage increase)
5%
Operating Expenses Rate of Increase

(Annual-based on ave. inflation rate)
5%
Rent
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
70,000
74,200
78,652
83,371
88,373
93,676
99,296
105,254
111,569
118,264
OTHERS
Operating Years
(Equivalent to lease term)
10
SM
ASM
STORE CREW
TOTAL
DR PERSONNEL
SM
ASM
STORE CREW
SECURITY GUARD
TOTAL
HEADCOUNT
1
2
6
9
RATE
12,000
11,000
9,500
MONTHLY SALARY
12,000
22,000
57,000
91,000
HEADCOUNT
1
2
6
RATE
14,000
13,300
12,600
16,000
MONTHLY SALARY
14,000
26,600
75,600
0
116,200
UTILITIES
Electricity
Communication
Water
90,000
3,000
3,000
OTHER EXPENSES
Repairs and Maintenance
Insurance
Rent (Year 1)
FC
15,000
1,800
70,000
RCSI
FC CUSA and Other Charges

Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
RCSI Other Charges

Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Taxes and Licenses
Royalty to MSJ
Corporate Expenses
Year 1 - 3
Year 4 onwards
0.2% of Sales
2.75% of GP
4% of Sales
3.5% of Sales
MINISTOP
FRANCHISE INVESTMENT
INVESTMENT
CAPITAL INVESTMENT
Construction Cost
Meralco Project Cost
Signage Cost
POS
Equipment
Franchise Fee
Total Initial
Investment
FC
MS
2,400,000
300,000
300,000
500,000
2,700,000
600,000
3,500,000
3,300,000
REHABILITATION/REFURBISHMENT
Structural
Signage
Equipment
Total
Refurbishment
Cost
SECURITY DEPOSIT
Electricity
Rent
Total Security
Deposit
Grand Total
3,500,000
3,300,000
MINISTOP
IRR ANALYSIS (PhP M)
NAME:
LEASE TERM:
SIZE (SQM):
SALES/SQM (P):
RIZAL AVE.
5
100
16,653
YEAR 0
YEAR 1
YEAR 2
YEAR 3
YEAR 4
YEAR 5
FRANCHISEE (PACKAGE A)
Average Daily Sales (w/o VAT)
55,510
59,951
62,948
64,836
66,782
Break Even ADS
51,377
53,672
56,088
58,633
61,312
Total Sales
19.98
100%
21.58
100%
22.66
100%
23.34
100%
24.04
100%
Gross Margin before Ministop Share
5.76
29%
6.22
29%
6.53
29%
6.72
29%
6.92
29%
Gross Margin after Ministop Share
3.78
19%
4.08
19%
4.28
19%
4.41
19%
4.54
19%
FC Marketing Support
0.60
3%
0.65
3%
0.68
3%
0.70
3%
0.72
3%
Total Revenue
4.38
22%
4.73
22%
4.96
22%
5.11
22%
5.27
22%
Salaries and Wages
1.09
5%
1.15
5%
1.20
5%
1.26
5%
1.33
6%
Contracted Services
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
Electricity (100%)
1.08
5%
1.13
5%
1.19
5%
1.25
5%
1.31
5%
Communication
0.04
0%
0.04
0%
0.04
0%
0.04
0%
0.04
0%
Water
0.04
0%
0.04
0%
0.04
0%
0.04
0%
0.04
0%
0.18
1%
0.19
1%
0.20
1%
0.21
1%
0.22
1%
Insurance
0.02
0%
0.02
0%
0.02
0%
0.03
0%
0.03
0%
Store Supplies (1% of Sales)
0.20
1%
0.22
1%
0.23
1%
0.23
1%
0.24
1%
Rent
0.84
4%
0.89
4%
0.94
4%
1.00
4%
1.06
4%
CUSA (Inclusive of Other Charges)
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
Taxes and Licenses
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
Depreciation
0.58
3%
0.58
3%
0.58
3%
0.58
2%
0.58
2%
Royalty to MSJ
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
Corporate Expenses
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
Total Operating Expenses
4.07
20%
4.25
20%
4.45
20%
4.64
20%
4.85
20%
Income (Loss) from Operations
0.31
2%
0.47
2%
0.52
2%
0.47
2%
0.41
2%
Operating Expenses
CASH FLOW ANALYSIS

EBITDA
0.89
1.05
1.10
1.05
0.99
Change in Working Capital
0.77
0.06
0.04
0.03
0.03
Net Cash from Operating Activities
1.67
1.11
1.14
1.07
1.02
1.67
1.11
1.14
1.07
1.02
Capital Expenditures - Leasehold
0.00
Capital Expenditures - Equipment
0.00
Capital Expenditures - POS
0.00
Security Deposit
0.00
FC Investment - Leasehold
(2.40)
FC Investment - Equipment
(0.50)
FC Investment - Franchise Fee
(0.60)
Total Cash Flow for Discounting
(3.50)
5 - YR IRR (%) / Payback
23%
3.0 Years
MINISTOP
NAME:
LEASE TERM:
SIZE (SQM):
SALES/SQM (P):
RIZAL AVE.
5
100
16,653
YEAR 0
YEAR 1
YEAR 2
YEAR 3
YEAR 4
YEAR 5
MINISTOP (PACKAGE A)
55,510
59,951
62,948
64,836
66,782
Break Even ADS
44,990
44,990
44,990
40,073
40,073
Total Sales
19.98
100%
21.58
100%
22.66
100%
23.34
100%
24.04
100%
Gross Margin before FC Share
5.76
29%
6.22
29%
6.53
29%
6.72
29%
6.92
29%
Gross Margin after FC Share
1.98
10%
2.14
10%
2.24
10%
2.31
10%
2.38
10%
Other Income
0.40
2%
0.43
2%
0.45
2%
0.47
2%
0.48
2%
Total Revenue
2.38
12%
2.57
12%
2.70
12%
2.78
12%
2.86
12%
Salaries and Wages
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
Contracted Services
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
Electricity (100%)
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
Communication
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
Water
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
Insurance
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
Taxes and Licenses
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
Depreciation
0.66
3%
0.66
3%
0.66
3%
0.66
3%
0.66
3%
Royalty to MSJ
0.16
1%
0.18
1%
0.19
1%
0.19
1%
0.20
1%
0.60
3%
0.65
3%
0.68
3%
0.70
3%
0.72
3%
Corporate Expenses
0.80
4%
0.86
4%
0.91
4%
0.82
3.5%
0.84
3.5%
2.22
11%
2.35
11%
2.43
11%
2.37
10%
2.42
10%
0.15
1%
0.22
1%
0.26
1%
0.41
2%
0.44
2%
Operating Expenses
CASH FLOW ANALYSIS

EBITDA
0.81
0.88
0.92
1.07
1.10
0.77
0.06
0.04
0.03
0.03
1.59
0.94
0.97
1.09
1.13
1.59
0.94
0.97
1.09
1.13
(3.00)
(2.70)
(0.50)
Security Deposit
0.00
2.40
0.50

0.60
(2.70)
34%
3.0 Years
MINISTOP
NAME:
LEASE TERM:
SIZE (SQM):
SALES/SQM (P):
RIZAL AVE.
5
100
16,653
YEAR 0
YEAR 1
YEAR 2
YEAR 3
YEAR 4
YEAR 5
FRANCHISEE (PACKAGE B)
55,510
59,951
62,948
64,836
66,782
Break Even ADS
53,193
55,342
57,600
59,970
62,459
Total Sales
19.98
100%
21.58
100%
22.66
100%
23.34
100%
24.04
100%
Gross Margin before Ministop Share
5.76
29%
6.22
29%
6.53
29%
6.72
29%
6.92
29%
2.76
14%
2.98
14%
3.13
14%
3.22
14%
3.32
14%
0.60
3%
0.65
3%
0.68
3%
0.70
3%
0.72
3%
Total Revenue
3.36
17%
3.63
17%
3.81
17%
3.92
17%
4.04
17%
Salaries and Wages
1.09
5%
1.15
5%
1.20
5%
1.26
5%
1.33
6%
Contracted Services
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
Electricity (100%)
1.08
5%
1.13
5%
1.19
5%
1.25
5%
1.31
5%
Communication
0.04
0%
0.04
0%
0.04
0%
0.04
0%
0.04
0%
Water
0.04
0%
0.04
0%
0.04
0%
0.04
0%
0.04
0%
0.18
1%
0.19
1%
0.20
1%
0.21
1%
0.22
1%
Insurance
0.02
0%
0.02
0%
0.02
0%
0.03
0%
0.03
0%
0.20
1%
0.22
1%
0.23
1%
0.23
1%
0.24
1%
CUSA (Inclusive of Other Charges)
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
Taxes and Licenses
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
Depreciation
0.58
3%
0.58
3%
0.58
3%
0.58
2%
0.58
2%
Royalty to MSJ
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
Corporate Expenses
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
3.23
16%
3.36
16%
3.50
15%
3.64
16%
3.79
16%
0.13
1%
0.26
1%
0.30
1%
0.28
1%
0.25
1%
Operating Expenses
CASH FLOW ANALYSIS

EBITDA
0.71
0.84
0.88
0.86
0.83
0.77
0.06
0.04
0.03
0.03
1.49
0.90
0.93
0.88
0.85
1.49
0.90
0.93
0.88
0.85
0.00
0.00
0.00
Security Deposit
0.00
(2.40)
FC Investment - Equipment (POS)
(0.50)
(0.60)
(3.50)
15%
4.0 Years
MINISTOP
NAME:
LEASE TERM:
SIZE (SQM):
SALES/SQM (P):
RIZAL AVE.
5
100
16,653
YEAR 0
YEAR 1
YEAR 2
YEAR 3
YEAR 4
YEAR 5
MINISTOP (PACKAGE B)
55,510
59,951
62,948
64,836
66,782
Break Even ADS
45,413
46,939
48,557
47,673
49,397
Total Sales
19.98
100%
21.58
100%
22.66
100%
23.34
100%
24.04
100%
Gross Margin before FC Share
5.76
29%
6.22
29%
6.53
29%
6.72
29%
6.92
29%
Gross Margin after FC Share
3.00
15%
3.24
15%
3.40
15%
3.50
15%
3.61
15%
Other Income
0.40
2%
0.43
2%
0.45
2%
0.47
2%
0.48
2%
Total Revenue
3.40
17%
3.67
17%
3.85
17%
3.97
17%
4.09
17%
Salaries and Wages
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
Contracted Services
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
Electricity (100%)
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
Communication
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
Water
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
Insurance
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
Rent
0.84
4%
0.89
4%
0.94
4%
1.00
4%
1.06
4%
Taxes and Licenses
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
Depreciation
0.66
3%
0.66
3%
0.66
3%
0.66
3%
0.66
3%
Royalty to MSJ
0.16
1%
0.18
1%
0.19
1%
0.19
1%
0.20
1%
0.60
3%
0.65
3%
0.68
3%
0.70
3%
0.72
3%
Corporate Expenses
0.80
4%
0.86
4%
0.91
4%
0.82
3.5%
0.84
3.5%
3.06
15%
3.24
15%
3.38
15%
3.37
14%
3.48
14%
0.33
2%
0.43
2%
0.48
2%
0.60
3%
0.61
3%
Operating Expenses
CASH FLOW ANALYSIS

EBITDA
0.99
1.09
1.14
1.26
1.27
0.77
0.06
0.04
0.03
0.03
1.77
1.15
1.18
1.28
1.29
1.77
1.15
1.18
1.28
1.29
(3.00)
(2.70)
(0.50)
Security Deposit
0.00
2.40
0.50
FC Investment - Joining Fee

0.60
(2.70)
44%
2.0 Years
MINISTOP
NAME:
LEASE TERM:
SIZE (SQM):
SALES/SQM (P):
DIRECT
RIZAL AVE.
5
100
16,653
YEAR 0
YEAR 1
YEAR 2
YEAR 3
YEAR 4
YEAR 5
55,510
59,951
62,948
64,836
66,782
Break Even ADS
53,806
55,899
58,102
59,233
61,627
Total Sales
19.98
100%
21.58
100%
22.66
100%
23.34
100%
24.04
100%
5.76
29%
6.22
29%
6.53
29%
6.72
29%
6.92
29%
Other Income
0.40
2%
0.43
2%
0.45
2%
0.47
2%
0.48
2%
Total Revenue
6.15
31%
6.65
31%
6.98
31%
7.19
31%
7.40
31%
Salaries and Wages
0.00
0%
0.00
0%
0.00
0%
0.00
0%
0.00
0%
Contracted Services
1.39
7%
1.46
7%
1.54
7%
1.61
7%
1.69
7%
Electricity (100%)
1.08
5%
1.13
5%
1.19
5%
1.25
5%
1.31
5%
Communication
0.04
0%
0.04
0%
0.04
0%
0.04
0%
0.04
0%
Water
0.04
0%
0.04
0%
0.04
0%
0.04
0%
0.04
0%
0.18
1%
0.19
1%
0.20
1%
0.21
1%
0.22
1%
Insurance
0.02
0%
0.02
0%
0.02
0%
0.03
0%
0.03
0%
0.20
1%
0.22
1%
0.23
1%
0.23
1%
0.24
1%
Rent (Inclusive of CUSA)
0.84
4%
0.89
4%
0.94
4%
1.00
4%
1.06
4%
Taxes and Licenses
0.01
0%
0.01
0%
0.01
0%
0.01
0%
0.01
0%
Depreciation
1.24
6%
1.24
6%
1.24
5%
1.24
5%
1.24
5%
Royalty to MSJ
0.16
1%
0.18
1%
0.19
1%
0.19
1%
0.20
1%
Corporate Expenses
0.80
4%
0.86
4%
0.91
4%
0.82
3.5%
0.84
3.5%
6.00
30%
6.28
29%
6.54
29%
6.68
29%
6.93
29%
0.15
1%
0.36
2%
0.43
2%
0.51
2%
0.47
2%
Operating Expenses
CASH FLOW ANALYSIS

EBITDA
1.39
1.60
1.67
1.75
1.71
0.77
0.06
0.04
0.03
0.03
2.17
1.67
1.72
1.78
1.74
2.17
1.67
1.72
1.78
1.74
(3.00)
(2.70)
(0.50)
Security Deposit
0.00
0.00
FC Investment - Equipment (POS)
0.00

0.00
(6.20)
15%
4.0 Years

Rizal Ave.

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Rizal Ave.

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GRID POPULATION COUNT

NOTE: STANDARD ______ ( ) OCCUPANTS PER HOUSEHOLD

EXTENDED VEHICLE COUNT

TOTAL VEHICLE COUNT

TOTAL VEHICLE COUNT

AVE. DAILY TRANSACTIONS

AVE. SALES PER TRANSACTION

AVERAGE DAILY SALES

ROBINSONS CONVENIENCE STORES, INC.

MR. JAMES BOSCH

AREA DEVELOPMENT MANAGER:

LOT AREA (sqm) (For Land Lease)

10% 2ND-5TH YEAR

MONTHLY RENT (vat exclusive)

FLOOR AREA (sqm) (For Building Lease)

LEASE PERIOD (YEARS)

68 Doa Soledad Better Living, Paranaque City

5% (2ND-5TH YEAR) PROFILE

RENT FREE PERIOD

ADVANCE RENTAL (MOS.)

SECURITY DEPOSIT (MOS.)

PROJECTED SALES (VAT EXCLUSIVE)

EXTENDED VEHICLE MARKET

AVE. MONTHLY SALES

PROJECTED MONTHLY SALES

ROBINSONS CONVENIENCE STORES, INC.

OPERATING EXPENSE ASSUMPTIONS

SALARIES AND WAGES

Sales Rate of Increase

Gross Margin before FC Share (before Loss and Disposal)

Gross Margin before FC Share (after Loss and Disposal)

Operating Expenses Rate of Increase

FC CUSA and Other Charges

RCSI Other Charges

Average Daily Sales (w/o VAT)

Break Even ADS

Gross Margin before Ministop Share

Gross Margin after Ministop Share

Salaries and Wages

Repairs and Maintenance

Store Supplies (1% of Sales)

CUSA (Inclusive of Other Charges)

Taxes and Licenses

Total Operating Expenses

Income (Loss) from Operations

CASH FLOW ANALYSIS

Change in Working Capital

Net Cash from Operating Activities

Capital Expenditures - Leasehold

Capital Expenditures - Equipment

Capital Expenditures - POS

FC Investment - Franchise Fee

Total Cash Flow for Discounting

5 - YR IRR (%) / Payback

Average Daily Sales (w/o VAT)

Break Even ADS

Gross Margin before FC Share

Gross Margin after FC Share

Salaries and Wages

Repairs and Maintenance

Store Supplies (1% of Sales)

Taxes and Licenses

Total Operating Expenses