July 2020

*This figure represents the average net sales achieved for calendar year 2020 at six (6) affiliate-owned restaurants and four (4) franchised restaurants in the State of Arizona. Angry Crab Shacks, like other restaurants, were intermittently closed or required to operate at reduced hours during 2020 as a result of the COVID-19 pandemic. 2020 net sales were impacted by such required closures or reduction in opening hours. **This figure represents the average EBITDA achieved for calendar year 2020 as a percentage of consolidated net sales at the same six (6) affiliate-owned restaurants and four (4) franchised restaurants in the State of Arizona. ***This figure represents the Median Initial Investment to open the six (6) affiliate-owned restaurants and four (4) franchised restaurants in the State of Arizona referenced above and includes the Initial Franchise Fee, security deposits, leasehold improvements to building, permits and licenses, construction costs, POS and back-office computer, audio/visual expenses, fixtures, equipment, opening inventory (food, liquor, restaurant supplies), signage, miscellaneous opening expenses, grand opening expenses, professional fees, uniforms and 3 months additional funds incurred in opening that restaurant at the time it was opened. This information appears in Item 19 of our Franchise Disclosure Document (FDD). You should review our FDD for details about these results. Your results may differ. There is no assurance that you will do as well.

This website and the franchise sales information on this site do not represent an offer to sell a franchise. The offer of a franchise can only be made through the delivery of a franchise disclosure document. Certain states require that we register the franchise disclosure document in those states. We will not offer or sell franchises in those states until we have registered the franchise (or obtained an applicable exemption from registration) and delivered the franchise disclosure document to the prospective franchisee in compliance with applicable law. If you are a resident of a country outside of the United States that regulates the offer and sale of franchises, then we will not offer you a franchise unless and until we have complied with any applicable pre-sale registration and/or disclosure requirements in your jurisdiction.

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