John Nunemaker

in revenue are probably worth you know two to four times like profit like that's or like seller discretionary so it's like anything that the seller would pay themselves that plus the profit they're probably worth two to four times that if you get bigger if you get to like one to five million then you can get you know like i mean uh you know like box out has had offers you know hand i mean very comfortably in the six and a half range that we've turned down

in revenue are probably worth you know two to four times like profit like that's or like seller discretionary so it's like anything that the seller would pay themselves that plus the profit they're probably worth two to four times that if you get bigger if you get to like one to five million then you can get you know like i mean uh you know like box out has had offers you know hand i mean very comfortably in the six and a half range that we've turned down

we had some stuff in the nine times range where we're like of revenue, not even profit, just of revenue. And we're like, okay, well, yeah, we would say yes to that, but it didn't quite work out. You know, like, so I would say like in that one to 5 million range that then, you know, you get your multiples can go up a little bit.

we had some stuff in the nine times range where we're like of revenue, not even profit, just of revenue. And we're like, okay, well, yeah, we would say yes to that, but it didn't quite work out. You know, like, so I would say like in that one to 5 million range that then, you know, you get your multiples can go up a little bit.

And then if you get in the five to 20 million range or the 20 plus, you can get into 10 X really easily and higher multiples. Those are like Just like if you ask Chachaputee, that's probably what it would say is something like those ranges two to four.

And then if you get in the five to 20 million range or the 20 plus, you can get into 10 X really easily and higher multiples. Those are like Just like if you ask Chachaputee, that's probably what it would say is something like those ranges two to four.

So like two, if it's not growing, you know, four, if it is growing when it's under a million and then, you know, one to five, there's some multiples in there and probably people would would argue with some of those, but that's a general thing that I've seen.

So like two, if it's not growing, you know, four, if it is growing when it's under a million and then, you know, one to five, there's some multiples in there and probably people would would argue with some of those, but that's a general thing that I've seen.

Yeah.

Yeah.

The slowest part was the bank and, and like stuff like that at the end, the attorneys and things like that at the end, the part of like, are we going to do it? And how much are we going to buy it for was like a week. Like that was like really quick. It was like, I talked to Dan once, uh, we hit it off. We, you know, enjoyed each other's companies and stuff like that.

The slowest part was the bank and, and like stuff like that at the end, the attorneys and things like that at the end, the part of like, are we going to do it? And how much are we going to buy it for was like a week. Like that was like really quick. It was like, I talked to Dan once, uh, we hit it off. We, you know, enjoyed each other's companies and stuff like that.

Just phone call, nothing fancy for like an hour on a, I don't know, Saturday night, Sunday night. I don't remember props to my wife for all the extra time she did, you know, single parenting while I was doing phone calls and stuff on this, but we talked and I was just like, and then he sent me all the info.

Just phone call, nothing fancy for like an hour on a, I don't know, Saturday night, Sunday night. I don't remember props to my wife for all the extra time she did, you know, single parenting while I was doing phone calls and stuff on this, but we talked and I was just like, and then he sent me all the info.

So I've looked at a lot of PNLs over the years because of box out and because of due diligence and stuff there. So I was like, I'm comfortable with that. And I looked at, I was like, I think this is what I would, I would feel okay with the amount we ended up at. It was like, I'm like, I'm a nervous guy. I'm run the foot, you know, run the ball out in the fourth quarter and the football game.

So I've looked at a lot of PNLs over the years because of box out and because of due diligence and stuff there. So I was like, I'm comfortable with that. And I looked at, I was like, I think this is what I would, I would feel okay with the amount we ended up at. It was like, I'm like, I'm a nervous guy. I'm run the foot, you know, run the ball out in the fourth quarter and the football game.

Like I'm not aggressive by any means. Like the whole reason I have multiple things is in case one of them goes bad, like I just diversify everything. Like I, so yeah, I, From that standpoint, I was like, I'm okay with this number. Are you okay with this number? And he's like, yeah, because it's you guys, I'm okay with this number. And so we got to that and we're like, okay, cool.

Like I'm not aggressive by any means. Like the whole reason I have multiple things is in case one of them goes bad, like I just diversify everything. Like I, so yeah, I, From that standpoint, I was like, I'm okay with this number. Are you okay with this number? And he's like, yeah, because it's you guys, I'm okay with this number. And so we got to that and we're like, okay, cool.

And then from there, it was like, okay, who's going to be in and out of the company? How much ownership are they going to have? how much capital they're going to put in for the ownership and how much is going to be work-based and all that kind of stuff. And then is it a separate company? Is it a stock sale or an asset sale? Is it like all that kind of stuff?

And then from there, it was like, okay, who's going to be in and out of the company? How much ownership are they going to have? how much capital they're going to put in for the ownership and how much is going to be work-based and all that kind of stuff. And then is it a separate company? Is it a stock sale or an asset sale? Is it like all that kind of stuff?