--0000000000003c0d5e063dd9046e Content-Type: multipart/alternative; boundary="0000000000003c0d5d063dd9046d" --0000000000003c0d5d063dd9046d Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable 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=E2=80=AFPM Geraldine Terlecki wrote: > Tim: > > > > I will need to know the price and see projected P&Ls to estimate a paybac= k > 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 > > > > > > > > *From:* Nina Kani > *Sent:* Tuesday, September 2, 2025 3:43 PM > *To:* Timothy Thomas > *Cc:* Melissa Reyes ; Geraldine Terlecki gerri.terlecki@thekey.com>; Steve Koyanagi > *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 y= ou > 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 mak= es > sense to get alignment. > > > > On Tue, Sep 2, 2025 at 1:25=E2=80=AFPM Timothy Thomas wro= te: > > 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=E2=80=AFPM Melissa Reyes > wrote: > > Gerri, Steve and Nina, > > > > Tim is speaking to the previous Franchise Owner in Kansas City tomorrow a= t > 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] > > > > > -- > > *Nina Kani * > > General Counsel and Chief Compliance Officer > > *Please note my email has changed: * > > nkani@thekey.com > > 650-416-1496 > > *TheKey.com * > > [image: TheKey] > > > --=20 *Melissa Reyes* President of Client Services(916)743-0530 --0000000000003c0d5d063dd9046d Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable HI Gerri, F= or clarification, this is someone interested in buying our Kansas City Oper= ation. They will be paying us for the business. Melissa = On Tue, Sep 2, 2025 at 3:26=E2=80=AFPM Geraldine Ter= lecki < gerri.terlecki@theke= y.com > wrote: