On Aug 23, 2020, at 11:54 AM, Ken Hohhof <[email protected]> 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 <[email protected]> *On Behalf Of *Mike Hammett
*Sent:* Sunday, August 23, 2020 10:05 AM
*To:* AnimalFarm Microwave Users Group <[email protected]>
*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" <[email protected] <mailto:[email protected]>>
*To: *"AnimalFarm Microwave Users Group" <[email protected]
<mailto:[email protected]>>
*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 <[email protected]
<mailto:[email protected]>> 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" <[email protected] <mailto:[email protected]>>
*To: *"AnimalFarm Microwave Users Group" <[email protected]
<mailto:[email protected]>>
*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 <[email protected]
<mailto:[email protected]>> 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" <[email protected] <mailto:[email protected]>>
*To: *"AnimalFarm Microwave Users Group" <[email protected]
<mailto:[email protected]>>
*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
<[email protected] <mailto:[email protected]>> wrote:
1x annual revenue and hope the customers stay on
On Fri, Aug 21, 2020 at 5:43 PM Matt Hoppes
<[email protected]
<mailto:[email protected]>> 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
<[email protected] <mailto:[email protected]>> 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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