Define: 4-Wall EBITDA
4-Wall EBITDA means the remainder after expenses, excluding overhead and corporate costs, are subtracted from total revenue
4-Wall EBITDA means the remainder after expenses, excluding overhead and corporate costs, are subtracted from total revenue.
Relevant Circumstances
- When property-level profitability is calculated before allocating corporate overhead
- If a hospitality or retail operator measures store-by-store performance
- Where lender or franchisor covenants reference 4-wall EBITDA