Re: CONFIDENTIAL: Kansas City

HI Gerri,

For clarification, this is someone interested in buying our Kansas City
Operation. They will be paying us for the business.

Melissa

On Tue, Sep 2, 2025 at 3:26 PM Geraldine Terlecki <gerri.terlecki@thekey.com>
wrote:

> Tim:
>
>
>
> I will need to know the price and see projected P&Ls to estimate a payback
> period.  We do not have cash right now for transactions and there is no
> appetite for increasing our debt.  I am struggling to see how this could
> work, but we can look at the details.
>
>
>
> *gerri terlecki*
>
> Chief Financial Officer | *TheKey*
>
> Mobile: 561.879.0132
>
>
>
> <http://www.thekey.com/>
>
>
>
> *From:* Nina Kani <nkani@thekey.com>
> *Sent:* Tuesday, September 2, 2025 3:43 PM
> *To:* Timothy Thomas <tt@thekey.com>
> *Cc:* Melissa Reyes <melissa.reyes@thekey.com>; Geraldine Terlecki <
> gerri.terlecki@thekey.com>; Steve Koyanagi <skoyanagi@thekey.com>
> *Subject:* Re: CONFIDENTIAL: Kansas City
>
>
>
> Thanks Tim, that sounds close to how I recall valuations out of our BD
> group as well. I have a template Letter of Intent that I can share with you
> that covers the key topics you'd want to get agreement on, including of
> course the price as well as timing and personnel, etc. I think a call makes
> sense to get alignment.
>
>
>
> On Tue, Sep 2, 2025 at 1:25 PM Timothy Thomas <tt@thekey.com> wrote:
>
> To clarify, we were valued at 6-7x EBITDA during the acquisitions. Happy
> to meet at your earliest convenience. Thanks
>
>
>
> On Tue, Sep 2, 2025 at 3:59 PM Melissa Reyes <melissa.reyes@thekey.com>
> wrote:
>
> Gerri, Steve and Nina,
>
>
>
> Tim is speaking to the previous Franchise Owner in Kansas City tomorrow at
> 10:30am and who is potentially interested in an asset sale that includes
> the license and the team members. NDA has been signed and Tim would like to
> be able to discuss the asking price. Tim shared from experience it is
> typically 6-7% of net revenue. Can you advise how we should proceed?
>
>
>
> Please let me know if you would like to jump on a call to discuss in more
> detail. Ultimately want to arm Tim with something for tomorrow morning.
>
>
>
> Thank you
>
>
>
>
>
> --
>
> *Melissa Reyes *
> President of Client Services
> (916)743-0530
>
> melissa.reyes@thekey.com
>
> TheKey.com
>
> [image: TheKey] <https://homecareassistance.com/>
>
>
>
>
> --
>
> *Nina Kani *
>
> General Counsel and Chief Compliance Officer
>
> *Please note my email has changed: *
>
> nkani@thekey.com <https://brand.thekey.com/esg/nkani@thekey.com>
>
> 650-416-1496
>
> *TheKey.com <https://www.thekey.com/>*
>
> [image: TheKey] <https://homecareassistance.com/>
>
>
>


-- 
*Melissa Reyes*
President of Client Services(916)743-0530