One week on from its last franchise reacquision, Water Intelligence has this morning announced that of Melbourne, Florida, for $1.55m payable over a three year period. The business is reported to have generated pro forma 2020 revenue of c.$1.2m and profitability of $0.3m, implying an aracve 1.3x revenue and 5.2x pre-tax profit acquision mulples. The franchise management team is remaining, with the business expected to be earnings accreve and fuel further growth in FY 2021E and beyond, thereby ha ....
22 Dec 2020
Water Intelligence (WATR) – Corporate – Franchise reacquision of Melbourne, Florida
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Water Intelligence (WATR) – Corporate – Franchise reacquision of Melbourne, Florida
Water Intelligence plc (WATR:LON) | 325 0 0.0% | Mkt Cap: 63.3m
- Published:
22 Dec 2020 -
Author:
Nick Spoliar -
Pages:
3
One week on from its last franchise reacquision, Water Intelligence has this morning announced that of Melbourne, Florida, for $1.55m payable over a three year period. The business is reported to have generated pro forma 2020 revenue of c.$1.2m and profitability of $0.3m, implying an aracve 1.3x revenue and 5.2x pre-tax profit acquision mulples. The franchise management team is remaining, with the business expected to be earnings accreve and fuel further growth in FY 2021E and beyond, thereby ha ....