1. Data for all franchise centers open through 2013 except for Kumon. Kumon revenue is for centers open for three or more years. The following franchisors were also evaluated and revenue could not be estimated from their FDDs: Eye Level, Grade Power, JEI, Tutoring Club and The Tutoring Center. 2. Revenue as reported in FDD. 3. Total Territory A & B revenue divided by number of franchise centers. 4. Estimated annualized average three-year center enrollment multiplied by monthly enrollment fee. 5. Total franchisor revenue, less purchase of trademarked material and software fees, then divided by the average royalty rate, then divided by number of franchise centers. Source: 2014 Company FDDs