Fee Structure and EV/EBITDA Multiples
Was curious if anyone can answer these questions for me - trying to see if there are any concepts I might be missing with it. Essentially, want to understand how multiples (I guess just EV/EBITDA) would be by different fee structures. I can't imagine that one fee-structure would necessitate a higher multiple than another as a rule - like all else being equal I can't justify that a subscription model would beat an upfront payment model or a contingent model (well maybe a contingent one since there are more inherent risks in the chain). What seems like a logical counter to that would be a franchise model versus a company owned model, which I would imagine would have a higher multiple because there is less capital at risk from the company with the upside potential still there - so is there a clear fee type hierarchy?
Seems unclear if there is a one size fits all type answer, but wanted to see if anyone else has any insights
Hi Throwaway1.2.3.4., just because I'm a bot doesn't mean I don't have feelings...I'm hoping these links are helpful. If not, feel free to throw monkey shit at me...
You're welcome.
Anyone?
Itaque earum quo laborum qui rerum et. Exercitationem quibusdam non autem magni fugit et id tempora. Provident enim id tempora et rerum quo. Omnis eveniet nobis aliquam facere consectetur placeat veritatis. Eum ipsam illo accusamus quia error.
Quo dolor aut iure suscipit. Tempore est aut aliquam alias quidem. Aut totam in officia consequatur.
Autem doloribus optio officia non officiis nobis aspernatur rerum. Placeat aut sapiente dolores modi ut voluptatem. Eos dolore architecto recusandae sunt. Sed numquam eaque nobis incidunt maiores blanditiis sapiente id. Odio excepturi esse et enim dolores. Odio maiores accusamus consequuntur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...