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Exhibit 1 Performance of selected full-service restaurant chains

Segment
Latest Reported Latest Reported Net Net Profit
Market
Rev. ($millions) Earnings ($millions) Margin
Share

Darden Restaurants (Olive Garden, Red


14.20% 7,214 371.8 5.10%
Lobster, etc.)
CBRL Group (Cracker Barrel) 4.60% 2,367 85.2 3.60%
Bob Evans Farms (restaurant segment) 2.80% 1,410 66.3 4.70%
Denny’s, Inc. 1.20% 2,200 41.6 1.90%
Source: www.ibisworld.com
Exhibit 2 Porcini’s versus Pronto: proposed dinner menu (by menu category and average prices)

Porcini’s Porcini’s Pronto

# of Average # of
Average price
offerings price offerings
Antipasti 12 $10 5 $8
Soups 3 $6 2 $5
Salads 7 $8 2 $6
Pizza * * 4 $11
House specialty
6 $17 3 $14
entrees
Pasta entrees 20 $15 6 $12
Seafood entrees 5 $19 2 $15
Meat and chicken
9 $17 4 $14
entrees
Side dishes 5 $6 3 $4
Desserts 5 $6 3 $5
Wines (choices
24 5**
available)
Coffees 5 $4 5 $4
* Pizza is on Porcini’s lunch menu only ** By the glass only at Pronto’s
Exhibit 3 Characteristics of selected full-service chains (e = estimated)

Average
Outlets in Average sq. Average
rev/outlet
NE US footage seating
(millions)
Cracker Barrel* 23 9,200 195 $3.30
Olive Garden 61 7,600 170 $4.80
Denny’s 79 4,900 112 $1.40
Pizza Hut (dine-in) 187 936 78 N/A
Porcini’s 23 6,900 142 $4.10
Porcini’s Pronto -- 4,200e 85e $2.4e

*includes gift store square footage and revenues


Sources: Data from industry reports and site visits
Exhibit 4 Investments, and ownership/operating relationships underlying different Pronto’s growth options

Company
Owned/Operated Syndicated Franchised
$2.5 million
syndicate $1.0 million**
Porcini’s investment $2.1 million per site transaction cost*

Franchisee
responsible for
buying or leasing
well-situated land,
and building
restaurant to
Investors buy land company specs.
Company buys land, and buildings from Responsible for
Ownership builds facilities company financing.
Franchisee manages
according to Pronto
Operational control Company Company specs
Estimated profit
margin*** 6% of revenues
$40,000 (used to vet
Franchise application appliant and
fee negotiate deal)
Operating
commission and
incentive fee to
Porcini’s 4% of revenues ***
5% of revenue (less
Pronto’s franchise 3% costs) = 2% net
operating fee to Porcini’s***

Training/advice;
menu development;
co-op marketing; etc
Services provided by (the 3% costs noted
Company above)

*Estimated syndication transaction costs at 6% for $44.5 million syndication deal, yielding
$42 million to Procini’s (enough to build 20 Pronto restaurants over its planning horizon). The
team assumed that it would float one syndication deal for half of that amount in 2012 and
another in 2015.

**Estimated one-time cost of developing a franchising agreement and supporting systems.


***As estimated by Porcini’s finance department
ons
Exhibit 5 Pronto roll-out scenarios

2011 2012 2013 2014 2015 2016 2017


Company Owned
Units opened during year 2* 0 2 2 2 2 2
Cumulative 2 2 4 6 8 10 12

Franchised
Units opened during year 0 0 4 4 4 5 5
Cumulative 0 0 4 8 12 17 22

Syndication
Units opened during year 0 0 2 3 3 4 4
Cumulative 0 0 2 5 8 12 16
* Purchased test restaurants
Source: Consultant’s study
2018

2
14

6
28

4
20

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