Research Franchising Information on MONKEY SHINE

ESTIMATED INITIAL INVESTMENT

ONE BAY AUTOMATIC CAR WASH FACILITY

Type of.Expenditures (See Note 1)	'' , 1 nm ■�� . ¹ Utl.lT ■	HighAmount	Melhndv ''�j~''k&	When Due	Method - ef : toymen _�> 41	^; Kefunrtttbili'' 1�� ty^l *	To Whom Payment is Made
Initial Franchise Fee (See Note 2)		$5,000		Soo Itom 5 At Franchise. Agreement	J,. See r it J. <	Nonrofunda ,	MSF
Lease, Real Estate and Improvements (See Note 3)	,'';''�� '' ■ I; ..�■ -.CrJ. ''	$5,000 -$12,000		As specified in Lease	1 As >? Agreed ''_; , <	Nohrefunda	Third Parties
Automatic Car Wash Equipment (See Note 4)		$152,500104,500 -$195,100		As Incurred	v As,¹¹'' ''Agreed >'' �	¹ ^:M ntiy ft Hi 1^ Hri^;. j	Third Parties
Automatic Car Wash Equipment (See Note 4)		$152,500104,500 -$195,100		As Incurred	v As,¹¹'' ''Agreed >'' �		Third Parties
Support Equipment and Tools (See Note 5)		i*7n ''Uini7 ''�sn		As Incurred	� Agrood ³ Y�� '' ''		Third Parties
Support Equipment and Tools (See Note 5)	"■ [I''M v&> ■ ■''	Jl /U.''tUU 1 /.^JU -		As Incurred	� Agrood ³ Y�� '' ''		Third Parties
Grand Opening (See Note 6)	■ f^non"	HMU$ 10,000		As Incurred	AO .Agreed t⁸		Third Parties
Grand Opening (See Note 6)		HMU$ 10,000		As Incurred	AO .Agreed t⁸		Third Parties
Initial Inventory (See Note 7)	''�~3tt iprify rtfy''i?	$2iQa^$8,000	^,fAgr''eedV^i	As Incurred	As ¹ i ^Agreed'' �		Third Parties
Initial Inventory (See Note 7)	i, acTtW. ■v�.,W	$2iQa^$8,000	^,fAgr''eedV^i	As Incurred	As ¹ i ^Agreed'' �	_tfp_:ri uxii 01m iuu ^	Third Parties
Signs (See Note 8)	, ''"tsmnn'' ''�� WWW, :	$5^M^$ 10,000		As Incurred	f AsV * Agreed^¹		Third Parties
Supplies		$5JHLr $1,500		As Incurred	''�� As '' ¹^Agrood 1	Nonrofunda	Third Parties
Initial Training-Travel & Lodging Expenses	^$44000	$xomL^$3,ooo		As Incurred	?J ''Af , ⁴Agfbed;. J�� 1 .	Nonrofunda J'' hie , **"	Third Parties
Computer Hardware and Software (See Note 9)	■^e'' ffi''nnfi"	�6.000-$15,000		As Agreed	IXAs ^ f�� -J ICjl Llp>U t ^rt< ^f1		Third Parties Designated by MSF
Computer Hardware and Software (See Note 9)		�6.000-$15,000		As Agreed	IXAs ^ f�� -J ICjl Llp>U t ^rt< ^f1	.li"ItIJllCtUllUU : ^f{ "� ''� 1 j''	Third Parties Designated by MSF
Prepaid Expenses (See Note 10)	* f''m '';$2:000js ;''~''��->-�*� 2, -	$2.000 - $3.000		As Agreed	r t � i''�� V *		Third Parties
Additional Funds (3 mos) (See Note 11)		$18.000,-$30,000		As Incurred	r Agreed	Nonrofunda	Third Parties
TOTAL ESTIMATED INITIAL INVESTMENT (See Note 12)		S330,400JL7J^5fl			V- >f�� "'' i V	-�� ^ ?⁴ ^ -¹ -

Explanatory Notes

Note 1: General. The low and high ranges in the table are based on the cost of construction of a one-bay automatic car wash facility utilizing a "build-to-suit" developer. It is anticipalejjJhat the one-bav Automatic Car Wash Facility will be the most commonly developed Facility.

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Note 2: Initial Franchise Fee. The amount shown for the low and high range reflects the development of a one bay Automatic Car Wash facility. Lfj^QU-purchase a second-Olisubseauent franchise to operate a,.MONKEY SHINE Facility., the initial franchise fee is, 60% of the then, current initial franchise fee. We may change or discontinue our current policy of discounting initial franchise fees for second and subsequent franchises at anv time. See Item 5.

Note 3: Lease, Real Estate and Improvements. The most common arrangement utilized by franchisees is to secure a "build-to-suit" lease. In this type of a lease, the landlord pays some or all of the lease improvement costs. Your rent is based in part on those costs. If property is owned by a third party and leased to you, we estimate the rent for the first month to be in a range of $2,500 to $6,000 for a one-bay Automatic Car Wash Facility and the security deposit is usually equal to one or two month''s rent. The chart shows one month''s rent and a security deposit equal to one month''s rent. The estimated costs to purchase a site for a single bay Automatic Car Wash Facility ranges from $100,000 to $200,000 for land and $100,000 to $250,000 for the building. You need a site of approximately 5,000 square feet, but smaller sites may be acceptable. The one bay Automatic Car Wash building is approximately 42 feet by 24 feet and contains approximately 1,010 square feet. Preferred sites are located on major streets or within high volume shopping areas. Acceptable levels of vehicle traffic, population size and demographics of an area may vary from location to location. You must negotiate your lease of, or financing for the purchase of, the real estate and the construction or conversion of a building to a MONKEY SHINE Facility designed to our specifications.

Note 4: Automatic Car Wash Equipment and Installation. Assuming you can establish creditworthiness acceptable to third parties, financing through third parties may be available. In most cases, financing will be secured through a traditional financing source. Terms of payment are generally 25% - 50% deposit due when the sales contract is signed, with the remaining funds due 10 days prior to shipment of the equipment. In some cases there may be a 10% holdback until the car wash equipment is started up. These terms may vary based on the distributor and the manufacturer. Certain of these costs may vary due to fluctuations in the price of steel or the type of car wash equipment you choose for your facility. A breakdown of these estimated costs is as follows:

See Note 4 to the Self-Serve and Automatic Car Wash Chart in this Item 7 for further explanation of certain of the factors which may affect these costs.

Note 5: Support Equipment and Tools. Assuming you can establish creditworthiness acceptable to third parties, financing through third parties may be available. In most cases, financing will be secured through a traditional financing source. Terms of payment are generally 25% - 50% deposit due when the sales contact is signed, with the remaining funds due 10 days prior to shipment of the equipment. In some cases there may be a 10% holdback until the car wash equipment is started up. These terms may vary based on the distributor and the manufacturer. Certain of these costs may vary due to

D1SCLDS URiLDQC UMENT_nJ- 2

5702S-042nfl.EfiAM4()74p34.1 57025-0420/LEGAL14136594.1 fluctuations in the price of steel or the type of car wash equipment you choose for your facility. A breakdown of these estimated costs is as follows:

	Low	High
Water Softener	$1,800	$5^5,800
RO System	^3001,850.	9,500
Hot Water Heater		6,3407,300
Floor Heat System	0	7,900
Water Reclaim System	0	18,500
Vacuums	4x8405,150
Bill Changers	0	^8404,100
Vending Machines	+73501404	4^004 750
Air Compressor	30Q3M	3,500
Tools	340400	700
Subtotal	$45,55617,250	$7^4407X250.

Note 6: Grand Opening. You should plan to spend a minimum of $7,000 on your Grand Opening, not inclusive of labor, cost of goods and discounts or special offers. The recommended Grand Opening celebrations should last at least one week and can last for as long as a month.

Note 7: Initial Inventory. A break down of these estimated costs is as follows:

Low�� High

Automatic Car Wash Chemicals�� $ 1,100�� $4,700

Self-Serve Car Wash Chemicals�� 400�� 1,200

Vending Supplies�� 600 .�� 1,200

Vacuum Supplies�� 100�� 300

Uniforms�� 200�� 600

Subtotal�� $2,400�� $8,000

Note 8: Signs. All signs must meet our graphic standards and be approved in writing by MSF in advance of production. The estimated cost in the table may increase due to zoning or installation factors.

Note 9: Computer Hardware and Software. The estimated initial investment includes costs related to the purchase of computer hardware and software. MSF reserves the right to require that you purchase hardware and software which has been developed for use in the operations of MONKEY SHINE Facilities from a vendor approved by MSF, MSF or its affiliates.

Note 10: Pre-Paid Expenses. This estimated amount includes utility deposits, fees for city, state and local business licenses, a 25% deposit of the first year''s insurance premiums for liability, replacement property and other prepaid expenses.

Note 11: Additional Funds. This amount includes estimated operating expenses you should expect to incur during the first three months of operations. It includes payroll costs (but not a draw or salary for you), taxes, utilities, advertising, rent, accounting and other professional fees, and other operational expenses that are not covered by sales revenue. You may have additional expenses starting your business. Your costs depend on several factors, including how much you follow our methods and procedures, your management skills, experience and business acumen, local economic conditions, the local market for our services, the prevailing wage rate, competition and the sales level reached during the initial period. This is only an estimate and there is no guarantee that the amounts specified will be adequate or that additional investment will not be necessary during the first three months of operations or

57D25-D420/1 .EGAL14Q?4Q34.1 57025-0420/LEGAL 14136594.1

afterwards. There is no assurance that you will have reached "break-even" or any other financial level by the end of the three months and you may need additional capital.

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Note 12: Total Estimated Initial Investment. MSF has compiled these estimates frembased on its experience^and information gathered from ~~indu~~s~~try oxport~~sthircLpatlies. Because the ranges in the charts are only estimates, it is possible both to reduce and exceed the estimated range of costs listed in each item of the chart. In certain major metropolitan areas, actual costs may substantially exceed the high range estimates in the chart. You should review these figures carefully with a business advisor before making any decision to purchase a franchise. The availability and terms of financing from third parties depend on several factors, including the availability of financing generally, your creditworthiness, collateral you may have and lending policies of financial institutions,^[/toe_�fJh^jfe�s_^ estimated in the chart above are refundable..except deposits paid.to third parties may be refundable.

1 Type nf	''4 �		^MitliMl\|				To Whom
1 Expenditures			Wllflli	When		■fP-Aftin flfl hilif? HnCI Ultutl I/IIT vk	Payment is
(See Note 1)		HfehAmount	tfP;ivmiMit\|	Due	iFiiviDi''iit;!		Made
TOTAL ESTIMATED INITIAL INVESTMENT I� (See Note 12)	4# ^ V* * * ok�� ■ itrl	$786^00446^50 -S817.135			_{! �} 1�� "* � I�� > :

Explanatory Notes

Note 1: General. The low and high ranges in the table are based on the cost of construction of a 100 foot Express Tunnel Car Wash facility utilizing a "build-to-suit" developer.

Note 2: Initial Franchise Fee. The amount shown for the high range reflects the Initial
Franchise Fee for your first MONKEY SHINE Facility with a 100 foot Express Tunnel Car Wash bay._tf
you purchase a second or subsequent, franchise to operate a MONKEY SHINE Facility, the initial
franchise fee is 60% of the then current initial franchise fee. We may change or discontinue our current
Pi^icxiifjliSj^^tiJUUnitiaL^�� fees for second and subsequent franchises^UnyJime.

Note 3: Lease, Real Estate and Improvements. The most common arrangement utilized by franchisees is to secure a "build-to-suit" lease. In this type of a lease, the landlord pays some or all of the lease improvement costs. Your rent is based in part on those costs. If property is owned by a third party and leased to you, we estimate the rent for the first month to be in a range of $6,000 to $12,000 for a 100 foot Express Tunnel Car Wash facility and the security deposit is usually equal to one or two month''s rent. The chart shows one month''s rent and a security deposit equal to one month''s rent. The estimated costs to purchase a site for a 100 foot Express Tunnel Car Wash Facility ranges from $250,000 to $600,000 for land and $450,000 to $625,000 for a 100 foot building. You need a site of approximately 43,500 square feet, but smaller sites may be acceptable. Smaller sites may be used if there is adjoining common usage space such as a shopping center. The 100 foot Express Tunnel Car Wash building is approximately 32 feet by 100 feet and contains approximately 3,200 square feet. Preferred sites are located on major streets or within high volume shopping areas. Acceptable levels of vehicle traffic, population size and demographics of an area may vary from location to location. You must negotiate your lease of, or financing for the purchase of, the real estate and the construction or conversion of a building for a MONKEY SHINE Facility designed to our specifications.

Note 4: Express Tunnel Car Wash Equipment and Installation. Assuming you can establish creditworthiness acceptable to third parties, financing through third parties may be available. In most cases, financing will be secured through a traditional financing source. Terms of payment are generally 25% - 50% deposit due when the sales contract is signed, with the remaining funds due 10 days prior to shipment of the equipment. In some cases there may be a 10% holdback until the car wash equipment is started up. These terms may vary based on the distributor and the manufacturer. Certain of these costs may vary due to fluctuations in the price of steel or the type of car wash equipment you choose for your facility. A breakdown of these estimated costs is as follows:

Low�� High

100'' Express Tunnel Car Wash�� $ 159,200�� $ 190,600
Equipment w/Dryer

Bay Doors�� 7,000�� 15,000

Bay Wall Coating/Water Proofing�� 21,000�� 32,500

Tunnel Controller/Coin�� 28,500�� 77,200
Box/Entry System

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Low High

Prep Station�� 3,900 7,600

Installation�� 24^6026.350 293M4M1

Subtotal�� $244^44)0245.950 S^TOOJUJ

Note 5: Support Equipment, Tools and Installation. Assuming you can establish creditworthiness acceptable to third parties, financing through third parties may be available. In most cases, financing will be secured through a traditional financing source. Terms of payment are generally 25% - 50% deposit due when the sales contract is signed, with the remaining funds due 10 days prior to the shipment of equipment. In some cases there may be a 10% holdback until the car wash equipment is started up. These terms may vary based on the distributor and the manufacturer. Certain of these costs may vary due to fluctuations in the price of steel or the type of car wash equipment you choose for your facility. A breakdown of these estimated costs is as follows:

Note 7: Initial Inventory. A break down of these estimated costs is as follows:

Low�� High

Express Tunnel Car Wash�� $2,500�� $5,500
Chemicals

Vending Supplies�� 600�� 1,500

Vacuum Supplies�� 300�� 700

Uniforms�� 600�� 900

Subtotal�� $4,000�� $8,600

Note 9: Computer Hardware and Software. The estimated initial investment includes costs related to the purchase of computer hardware and software. MSF reserves the right to require that you

57025-0420/1 .RGAI.14Q74034 1 57025-0420/LEGAL14136594.1 purchase hardware and software which has been developed for use in the operations of MONKEY SHINE Facilities from a vendor approved by MSF.

57Q25-0420/LEGAL14074034.1 57025-0420/LEGAL14136594.1

Note 12: Total Estimated Initial Investment. MSF has compiled these estimates frembased on its experience and information gathered from ~~indu~~s~~try oxport~~sthird-parties. Because the ranges in the charts are only estimates, it is possible both to reduce and exceed the estimated range of costs listed in each item of the chart. In certain major metropolitan areas, actual costs may substantially exceed the high range estimates in the chart. You should review these figures carefully with a business advisor before making any decision to purchase a franchise. The availability and terms of financing depend on several factors, including the availability of financing generally, your creditworthiness, collateral you may have and [ending policies of financial institutions. None of the fees andj^sis^tinqateiUnJhsj^rJs^hQy^ar-fi r^undabie^-except-deposits paid to third parties may be ceiundahle.

Facility Size (See Note �	2 Bay Self-Serve & 1 Bav Auto	3 Bay Self-Serve & 1 Bav Auto	4 Bay Self-Serve & 1 Bav Auto	S Bay Self-Serve & 1 Bav Auto	3 Bay Self-Serve & 2 Bav Auto	4 Bay Self-Serve & 2 Bav Auto	2 Bav Auto
Expenditures	Estimated Range	Estimated Range	Estimated Range	Estimated Range	Estimated Range	Estimated Range	Estimated Range	When Due	Method of Payment	Refunds bility	To Who Payment Made
Initial Training Travel & Lodging Expense	$1,000 -$3,000	$1,000 -$3,000	$1,000-$3,000	$1,000-$3,000	$1,000 -$3,000	$1,000 -$3,000	$1,000-$3,000	As Incurred	As Agreed	Nonrefundable	Third Parties
Computer Hardware and Software (See Note 8)	$6,000 -$15,000	$6,000 -$15,000	$6,000 -$15,000	$6,000 -$15,000	$6,000 -$15,000	$6,000 -$15,000	$6,000 -$15,000	As Incurred	As Agreed	Nonrefundable	Third Parties Designated by MSF
Pre-Pa id Expenses (See Note 9)	$2,000 -$3,000	$2,000 -$3,000	$2,000 -$3,000	$2,000 -$3,000	$2,000 -$3,000	$2,000 -$3,000	$2,000 -$3,000	As Incurred	Cash	Nonrefundable	Third Parties
Additional Funds (3 Months) (See Note 10)	$14,000 -$29,000	$17,000- $34,000	$22,000 -$42,000	$28,000 � $54,000	$34,000 -$66,000	$41,000-$78,000	$27,000 -$52,000	As Incurred	As Agreed	Nonrefundable	Third Parties
TOTAL ESTIMATED INITIAL INVESTMENT (See Note 11)	.420-,410	,240.-$407,600420 ,950	$2 70*700U2 ,910-$44J#00458	$4w_!ooosoa ,49(1	$400,500115	9Q-0 ^frftti 061 3D	tun n rin 707 .460.-S436^�fl44Q

Explanatory Notes

Note 1: Facility Size. The chart estimates the initial investment for a MONKEY SHINE facility based on the number of Self-Serve Car Wash bays and Automatic Car Wash bays.

Note 2: Initial Franchise Fee. The initial franchise fee reflects a cost of $5,000 per bay for an Automatic and Self-Serve car wash with a maximum initial franchise fee of $25,000._ If you purchase_a second or subsequent franchise to operate a MONKEY SHINE Facility, the initial franchise fee is 60% of the then current initial franchise fee. We may_change or discontinue our current policy of discounting initial franchise fees for second and subsequent franchises atam/Jims,

Note 3: Lease, Real Estate and Improvements. The most common arrangement utilized by franchisees is to secure a "build-to-suit" lease. In this type of a lease, the landlord pays some or all of the lease improvement costs. Your rent is based in part on those costs. If property is owned by a third party and leased to you, we estimate the rent for the first month to be in a range of $6,000 to $12,000 six bay facility and the security deposit is usually equal to one or two month''s rent. The chart shows one month''s rent and a security deposit equal to one month''s rent. The estimated costs to purchase a site for a MONKEY SHINE Facility typically ranges from $200,000 to $400,000 for land and $375,000 to $525,000 for a five bay Self-Serve and one bay Automatic Car Wash building. You need a site of approximately 30,000 square feet depending on the site configuration, but smaller sites maybe acceptable. The five bay Self-Serve and one bay Automatic Car Wash building is approximately 42 feet by 112 feet and contains approximately 3,900 square feet. Your building must have drive-through capability. Preferred sites are located on major streets or within high volume shopping areas. Acceptable levels of vehicle traffic, population size and demographics of an area may vary from location to location. You must negotiate your lease of, or financing for the purchase of, the real estate and the construction or conversion of a building to a MONKEY SHINE Facility designed to our specifications.

Note 4: Car Wash Equipment, Tools and Installation. Assuming you can establish creditworthiness acceptable to third parties, financing through third parties maybe available. In most cases, financing will be secured through a traditional financing source. Terms of payment are generally: 25% - 50% deposit due when sales contact is signed, remaining funds will be due 10 days prior to shipment of equipment. In some cases there maybe a 10% holdback until car wash equipment is started up. These terms may vary based on distributor and manufacture. Certain of these priced may vary due to fluctuations if the price of steel or the type of car wash equipment you choose for you facility. The estimated equipment range will be affected based on the following factors:

DISCLQSIJREJK3CUMENT-=-L8

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The region of the country will effect the support equipment for each car wash facility. In cold weather climates additional floor heat systems, heat and weep freeze protection and bay doors will be needed to keep equipment from freezing up. In warm weather climates the additional support equipment will not be needed.

Water quality and municipalities will effect the equipment needed to support the car wash facility. For example: the water quality will change the sizing of the water softener or in some cases eliminate the need for the water softener. Municipalities may require the use of water reclaim or water recycling systems which will increase the cost of the equipment.

The size of the car wash facility will affect the overall cost of the equipment. For example: if you choose to build a larger MONKEY SHINE Facility, there will be additional costs for upgrading the hot water heater, floor heat boiler, water softener and spot-free systems.

The car wash equipment includes: automatic car wash equipment, Self-Serve car wash equipment, all related support equipment, (i.e., water softener, spot-free system, water heater, floor heat boiler, air compressor, bay doors, heat & weep freeze protection, water reclaim), vacuums, vending and credit card systems. The high and low rages vary based on upgrades and features for the car wash equipment.

Note 5: Grand Opening. You should plan to spend and minimum of $7,500 on your Grand Opening, not inclusive of labor, cost of goods and discounts of special offers. The recommended Grand Opening celebrations should last at least one week and can last for as long as a month.

Note 6: Initial Inventory. The range of inventory for each car wash facility size includes: automatic and self-serve startup chemicals, vending supplies, vacuum supplies and uniforms. These ranges reflect the size of the car wash facility.

Note 7: Signs. All signs must meet our graphic standards and be approved in writing by MSF in advance of production. The estimated cost-in the table may-increase due to zoning or-installation factors. �

Note 8: Computer Hardware and Software. The estimated initial investment includes costs related to the purchase of computer hardware and software. MSF reserve the right to require that you purchase hardware and software from a vendor approved by MSF and which has been developed for use in the operations of MONKEY SHINE Facilities.

Note 9: Pre-Paid Expenses. This estimated amount includes utility deposits, fees for city, state and local business licenses, a 25% deposit of the first year''s insurance premiums for liability, replacement property and other prepaid expenses.

Note 10: Additional Funds. This amount includes estimated operating expenses you should expect to incur during the first three months of operations. It includes payroll costs (but not a draw or salary for you), taxes, utilities, advertising, rent, accounting and other professional fees, and other operational expenses that are not covered by sales revenue. You may have additional expenses starting your business. Your costs depend on several factors, including how much you follow our methods and procedures, your management skills, experience and business acumen, local economic conditions, the local market for our services, the prevailing wage rate, competition and the sales level reached during the initial period. This is only an estimate, there is no guarantee that the amounts specified will be adequate or that additional investment will not be necessary during the first three months of operations of afterwards.

57025-0420/LEGAL 14074034.1 57025-0420/LEGAL 14136594.1

There is no assurance that you will have reached "break-even" or any other financial level by the end of the three months and you may need additional capital.

Note 11: Total Estimated Initial Investment. MSF has ~~Rathe rod~~ compiled this information ~~from industry export~~s ~~in compiling tho~~s~~e ostimatcfl.~~based op its experience aod_in format ion gathered from third-parties,. Because the ranges in the charts are only estimates, it is possible both to reduce and exceed the estimated range of costs listed in each item of the chart. In certain major metropolitan areas, actual costs may substantially exceed the high range estimates in the chart. You should review these figures carefully with a business advisor before making any decision to purchase a franchise. MSF offers financing directly or indirectly for any part of the initial investment. The availability of financing generally, your creditworthiness, collateral you may have and lending policies of financial institutions. None of the fees and costs estimated in the chart, above are refundable, except deposits paid to third parties may be refundable.

MONKEY SHINE - FDD UFOC ITEM 7 Detail