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      "text": "New Greenfield Units Added Per Year\n4 4 12 16-18\n2018 2019 2020 2021E",
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      "text": "Increase market share by deploying new build market density playbook\nNetwork effect allows us to grow overall market member base\nSignificant amount of whitespace in front of us in 63 existing MSAs",
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      "text": "More recent cohorts continue to open stronger over time\n22 greenfield stores opened since 2018\nRobust site pipeline planned for 2022 and 2023",
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      "text": "1) Average exterior based on 2020 performance for sites opened/acquired in 2019 or before.",
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      "text": "Greenfield Unit Economics | Y3 Performance Outpaces Average Exterior\nY1 Target Y3 Target Average Exterior¹ Δ\nAUV $1,200k $1,700k $1,580k +$120k\n4-Wall EBITDA $300k $730k $680k +$50k\nCapex, net SLB $1,750k\nEstimated Payback ~3 years",
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