How is this company, BAM Franchising Inc, valued at $400M?
They aren’t publicly traded so it’s hard to find out.
It seems like there’s almost no employees and they collect a franchising fee and 6% royalty on the 200+ franchises that BAM claims makes $570k average annual revenue [0].
.06 x 570k x 200 = 6,840,00
So not sure how a $400M valuation comes from $7M/year in revenue.
And this is revenue, who knows what the profit is.
The company are thieves. There is a 1hr 49min video regarding them. The police in Utah are corrupt and protect them. When body cam is requested, the police department redacts audio.
https://youtu.be/GwhQHBIqpow?si=NkdwzdMtm-sW7ga1
I can't actually find anything that supports a $400M valuation. ChatGPT seems to agree, that there's no public documents supporting that valuation, and an estimate of $6-$10M year in revenue sounds in the ballpark, meaning a value nowhere near $400M. But something as high as $100M is probably appropriate if their profit margins are high, which would be expected for a franchisor.
They aren’t publicly traded so it’s hard to find out.
It seems like there’s almost no employees and they collect a franchising fee and 6% royalty on the 200+ franchises that BAM claims makes $570k average annual revenue [0].
.06 x 570k x 200 = 6,840,00
So not sure how a $400M valuation comes from $7M/year in revenue.
And this is revenue, who knows what the profit is.
Still, I was surprised there’s 200 franchisees.
[0] https://franchise.bricksandminifigs.com/the-financials/