--00000000000007d4ed063de8e830 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable We would certainly agree to that for any period of time that he is operating under an MSA; however, after his full ownership we have never allowed a third party to license the brand outside of franchisees. That would be something to discuss with Chris, and certainly we would have to factor the value of the license as part of the sale, or an ongoing payment. Nina On Wed, Sep 3, 2025 at 10:20=E2=80=AFAM Timothy Thomas wrot= e: > Thanks Nina. > > I spoke with Dane (the previous franchise owner) earlier today and he is > interested, so I will run down these options with him. > > He also asked if there was an option of licensing the Home Care Assistanc= e > brand. Thoughts? > > On Wed, Sep 3, 2025 at 1:13=E2=80=AFPM Nina Kani wrote= : > >> Tim - >> >> Here is the LOI term sheet template. >> >> --Ideally, we do a clean asset deal at a purchase price that we can agre= e >> to. We have also done earn outs where >> --Alternatives to a closing only payment arrangement would be (1) revenu= e >> share for a period of time following closing, (2) earn outs based on the >> buyer's net revenue, (3) payment at close and a second payment at licens= e >> transfer. >> --If needed, we could do an MSA and allow him to operate the >> business under our license until the incense is transferred, provided he >> takes on all indemnity for the duration of his operational control. >> >> Nina >> >> On Tue, Sep 2, 2025 at 1:43=E2=80=AFPM Nina Kani wrot= e: >> >>> 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 m= akes >>> sense to get alignment. >>> >>> On Tue, Sep 2, 2025 at 1:25=E2=80=AFPM Timothy Thomas w= rote: >>> >>>> 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 at 10:30am and who is potentially interested in an asset sal= e that >>>>> includes the license and the team members. NDA has been signed and Ti= m >>>>> 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 m= orning. >>>>> >>>>> Thank you >>>>> >>>>> >>>>> -- >>>>> * Melissa Reyes * >>>>> President of Client Services >>>>> (916)743-0530 >>>>> melissa.reyes@thekey.com >>>>> TheKey.com >>>>> >>>>> [image: TheKey] >>>