RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Up 8%i hate to simplify it, but anyone buying it would pay a multiple of ebitda after paying the doctor owners or free cash flow. The multiple would depend on what they could agree on. If the buying party feels they could grow the business better, they might pay a higher multiple.
It looks like the free cash flow was 30 million for 2019. Unless my math is wrong, thats about 43 cents a share. An 8 time multiple would give you about 3.20 a share, close to where it's at.
I'm in the carwash business. There have been a lot of acquisitions in the last few years. I've seen multiples of 6 times EBITDA for old carwashes without much upside for growth. I've seen multiples of 10 for nicer facilities with better growth potential.
I know this isn't carwashes, but business is business I believe.
I'd love to see over $1 a share of free cash flow.I just don't know how long it will take.