Don't forget about the few million dollars in upgrades every year. That
takes a pretty big chunk of it.

On Mon, Aug 24, 2020 at 9:36 PM Matt Hoppes <
mattli...@rivervalleyinternet.net> wrote:

> Because the IRS likes to tax that. I’d rather spend the vaults on the
> network and my employees than keep it in the vault.
>
> That said - we do have a small war chest.
>
> On Aug 24, 2020, at 10:04 PM, Mike Hammett <af...@ics-il.net> wrote:
>
> 
> I've often wondered how WISPs without competitors don't have Scrooge
> McDuck vaults full of money.
>
> The last time I counted, my network touched over 20 other fixed wireless
> service providers of one kind or another.
>
>
>
> -----
> Mike Hammett
> Intelligent Computing Solutions <http://www.ics-il.com/>
> <https://www.facebook.com/ICSIL>
> <https://plus.google.com/+IntelligentComputingSolutionsDeKalb>
> <https://www.linkedin.com/company/intelligent-computing-solutions>
> <https://twitter.com/ICSIL>
> Midwest Internet Exchange <http://www.midwest-ix.com/>
> <https://www.facebook.com/mdwestix>
> <https://www.linkedin.com/company/midwest-internet-exchange>
> <https://twitter.com/mdwestix>
> The Brothers WISP <http://www.thebrotherswisp.com/>
> <https://www.facebook.com/thebrotherswisp>
>
>
> <https://www.youtube.com/channel/UCXSdfxQv7SpoRQYNyLwntZg>
> ------------------------------
> *From: *"Matt Hoppes" <mattli...@rivervalleyinternet.net>
> *To: *"AnimalFarm Microwave Users Group" <af@af.afmug.com>
> *Sent: *Monday, August 24, 2020 8:05:04 PM
> *Subject: *Re: [AFMUG] Buying and selling ISP’s
>
> I’ve often thought if a competitor ever came into town - I won’t give up.
>
> That’s surrender. No, I’ll go to war. It’s invasion of my territory. May
> the best man win.
>
> If need be I’ll offer free plans for the first year and free installs.
>
> I had a competitor come in once, 35 million USDA grant. Guns were blazing.
> Made threats about they had enough money to advertise us out of business.
>
> They are now bankrupt and not even a thought.
>
> On Aug 24, 2020, at 8:54 PM, Dave <dmilho...@wletc.com> wrote:
>
> 
>
> Fight the Dying of the light .. Dont go out without a fight..
>
> All I gotta say is they may take away our spectrum and slap us with more
> reporting and more fees but Bring dat shiz
>
> We got this.. All said and done who can outlast the brute fist of the
> Gorilla.
>
> Ill get off my soap box now ... you cant stop the tanker in me LOL!
>
>
> On 8/23/2020 11:17 AM, Jeff Broadwick - Lists wrote:
>
> I have a couple theories about the selling market:
>
> 1.  There’s never been more cash floating around our industry.  It
> provides options.  There is also a good chance that smaller WISPs are about
> to be over built with government money...another strong inducement to make
> your best deal.
>
> 2.  As an industry, we are about 20 years old.  If you started the
> business in your 40s or 50s, you might be easy to retire.  If you started
> it younger, you might be ready to cash out and go do something else.
>
> Jeff Broadwick
> CTIconnect
> 312-205-2519 Office
> 574-220-7826 Cell
> jbroadw...@cticonnect.com
>
> On Aug 23, 2020, at 11:54 AM, Ken Hohhof <af...@kwisp.com>
> <af...@kwisp.com> wrote:
>
> 
>
> I seem to remember this thread started with a post about buying, but there
> seems to be a lot of interest in selling.  I wonder why.
>
>
>
> Is it because customers are getting on our nerves?  I know they’re getting
> on mine.  Everyone is stuck in their house doing everything on the Internet
> and whining about it and waiting until the last minute and then needing
> stuff right now this minute because we’re
> streaming/gaming/Zooming/eLearning/teleworking here.  Plus doing
> construction on our house and the contractors are here right now taking
> your dish off the roof or putting siding nails through your cable.  Or
> they’re buying/selling houses because interest rates are like zero or to
> move away from the virus or to a different school district.
>
>
>
>
>
> *From:* AF <af-boun...@af.afmug.com> <af-boun...@af.afmug.com> *On Behalf
> Of *Mike Hammett
> *Sent:* Sunday, August 23, 2020 10:05 AM
> *To:* AnimalFarm Microwave Users Group <af@af.afmug.com> <af@af.afmug.com>
> *Subject:* Re: [AFMUG] Buying and selling ISP’s
>
>
>
> I know it *CAN* be anything.
>
>
>
> I'm asking what it is for successful, arms-length, nothing special
> transactions. I do expect there to be a range.
>
>
>
>
>
> -----
> Mike Hammett
> Intelligent Computing Solutions <http://www.ics-il.com/>
> <https://www.facebook.com/ICSIL>
> <https://plus.google.com/+IntelligentComputingSolutionsDeKalb>
> <https://www.linkedin.com/company/intelligent-computing-solutions>
> <https://twitter.com/ICSIL>
> Midwest Internet Exchange <http://www.midwest-ix.com/>
> <https://www.facebook.com/mdwestix>
> <https://www.linkedin.com/company/midwest-internet-exchange>
> <https://twitter.com/mdwestix>
> The Brothers WISP <http://www.thebrotherswisp.com/>
> <https://www.facebook.com/thebrotherswisp>
>
>
> <https://www.youtube.com/channel/UCXSdfxQv7SpoRQYNyLwntZg>
> ------------------------------
>
> *From: *"Chuck McCown" <ch...@wbmfg.com>
> *To: *"AnimalFarm Microwave Users Group" <af@af.afmug.com>
> *Sent: *Saturday, August 22, 2020 10:28:58 PM
> *Subject: *Re: [AFMUG] Buying and selling ISP’s
>
> That can be anything.  There is no connection between revenue and
> earnings.  You can have $2M in revenue  but -$5M in income if you burned
> cash to generate sales.
>
> Sent from my iPhone
>
>
>
> On Aug 22, 2020, at 7:35 PM, Mike Hammett <af...@ics-il.net> wrote:
>
> 
>
> Right, but what I'm asking is that if 5x EDIBTA = Y, then what was Y /
> annual revenue?
>
>
>
> -----
> Mike Hammett
> Intelligent Computing Solutions <http://www.ics-il.com/>
> <https://www.facebook.com/ICSIL>
> <https://plus.google.com/+IntelligentComputingSolutionsDeKalb>
> <https://www.linkedin.com/company/intelligent-computing-solutions>
> <https://twitter.com/ICSIL>
> Midwest Internet Exchange <http://www.midwest-ix.com/>
> <https://www.facebook.com/mdwestix>
> <https://www.linkedin.com/company/midwest-internet-exchange>
> <https://twitter.com/mdwestix>
> The Brothers WISP <http://www.thebrotherswisp.com/>
> <https://www.facebook.com/thebrotherswisp>
>
>
> <https://www.youtube.com/channel/UCXSdfxQv7SpoRQYNyLwntZg>
> ------------------------------
>
> *From: *"Chuck McCown" <ch...@wbmfg.com>
> *To: *"AnimalFarm Microwave Users Group" <af@af.afmug.com>
> *Sent: *Saturday, August 22, 2020 10:01:44 AM
> *Subject: *Re: [AFMUG] Buying and selling ISP’s
>
> Whatever 5x your earnings are.  Not sales or revenue or gross profit but
> bottom line earnings on your income statement/ pl. Your taxable income.
>
> Sent from my iPhone
>
>
>
> On Aug 22, 2020, at 8:16 AM, Mike Hammett <af...@ics-il.net> wrote:
>
> 
>
> What does the revenue multiplier end up being, though?
>
> 5x EBIDTA / revenue gets you what, in purchases that have been made?
>
>
>
> -----
> Mike Hammett
> Intelligent Computing Solutions <http://www.ics-il.com/>
> <https://www.facebook.com/ICSIL>
> <https://plus.google.com/+IntelligentComputingSolutionsDeKalb>
> <https://www.linkedin.com/company/intelligent-computing-solutions>
> <https://twitter.com/ICSIL>
> Midwest Internet Exchange <http://www.midwest-ix.com/>
> <https://www.facebook.com/mdwestix>
> <https://www.linkedin.com/company/midwest-internet-exchange>
> <https://twitter.com/mdwestix>
> The Brothers WISP <http://www.thebrotherswisp.com/>
> <https://www.facebook.com/thebrotherswisp>
>
>
> <https://www.youtube.com/channel/UCXSdfxQv7SpoRQYNyLwntZg>
> ------------------------------
>
> *From: *"Chuck McCown" <ch...@wbmfg.com>
> *To: *"AnimalFarm Microwave Users Group" <af@af.afmug.com>
> *Sent: *Friday, August 21, 2020 8:20:47 PM
> *Subject: *Re: [AFMUG] Buying and selling ISP’s
>
> 5 x ebidta
>
> Revenue multiples are of no value.
>
> Sent from my iPhone
>
>
>
> On Aug 21, 2020, at 5:30 PM, cjwstudios <cjwstud...@gmail.com> wrote:
>
> 
>
> 1x annual revenue and hope the customers stay on
>
>
>
> On Fri, Aug 21, 2020 at 5:43 PM Matt Hoppes <
> mattli...@rivervalleyinternet.net> wrote:
>
> This is the issue I’ve always had when I’ve looked at buying an ISP. It
> always seems like a lot more money I would have to put out to buy then I
> could just build and take the customers if something is wrong with the
> current network.
>
>
>
> > On Aug 21, 2020, at 12:43 PM, Seth Mattinen <se...@rollernet.us> wrote:
>
> >
>
> > On 8/20/20 8:13 PM, Steve Jones wrote:
>
> >> I think you either buy or sell, isp isnt really a flip thing
>
> >
>
> >
>
> > There is/was someone in my part of the country buying up ISPs and trying
> to package them all together as a flip. My ISP customers tell me it's far
> easier to get the flipper's customers to cancel and switch than buy their
> company.
>
> >
>
> > --
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>
> > AF@af.afmug.com
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-- 
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