If the company is doing well, shoot for 1.5. You're going to want to push
higher and the buyers will push lower. Start high.
Josh Luthman
Office: 937-552-2340
Direct: 937-552-2343
1100 Wayne St
Suite 1337
Troy, OH 45373
On Mon, Sep 3, 2012 at 1:25 PM, Nick W lists-wi...@atomsplash.com wrote:
It shouldn't, but there are more experienced people than I, so that's why
I asked. That's exactly what I proposed with Value = 12mo gross receipts.
On Mon, Sep 3, 2012 at 10:17 AM, Josh Luthman j...@imaginenetworksllc.com
wrote:
Why would it matter how big your stake is? Value * (% stake).
I would get my name off the line of credit if I'm not going to have any
of the benefits. Call the bank.
Josh Luthman
Office: 937-552-2340
Direct: 937-552-2343
1100 Wayne St
Suite 1337
Troy, OH 45373
On Mon, Sep 3, 2012 at 1:15 PM, Nick W lists-wi...@atomsplash.comwrote:
I am a minority shareholder and am basically looking to sell out to my
partner (a corporation). I know there has been a lot of discussion about
valuing and selling WISPs over the years. It seems like the answers vary
depending on equipment, customers, contracts, location, etc. The thing I
see the most is selling for 1x, 1.5x, or 2x gross annual receipts, unless
it is a failing company, in which case the number is dramatically lower.
The only real difference for me is that I own less shares than the other
partner. Has anyone bought/sold minority shares of a WISP, and is there
anything different about valuing that? I'm looking at selling back my
shares and want to make sure they're getting valued correctly.
I have proposed 12-months gross receipts * my percentage. They are
pushing for net revenue or gross profit - which are both net of expenses or
net of cost of sales. I've never seen a net number used before - my dad
sold his aerospace company about 15 years ago and used 12-months gross
receipts + cash on hand for his sale number. In addition to this number,
there are enterprise customer contracts that have been signed but have not
been fully deployed yet, and therefore are not reflected on the books - it
seems like these should be added to the value as well.
On top of that, I am a co-signer on a line of credit for the company,
how should that be handled? Has anyone dealt with that?
Thanks in advance for any input or advice you guys can provide.
Nick
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