3 ms·
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
by prepend 4mo ago
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.
Still, I was surprised there’s 200 franchisees.
[0] https://franchise.bricksandminifigs.com/the-financials/ https://franchise.bricksandminifigs.com/the-financials/
- sgerenser 4mo agoI 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.
- prepend 4mo agoI’m guessing the valuation is just youtube bs/hype. 10-15x earnings seems pretty massive. But perhaps there is more money in the used lego market than I thought.
- raffytaffy33 4mo agoThe 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 https://youtu.be/GwhQHBIqpow?si=NkdwzdMtm-sW7ga1 https://youtu.be/CCbl2z8MWJE?si=FEtKDTzOTVWAZfvo https://youtu.be/CCbl2z8MWJE?si=FEtKDTzOTVWAZfvo
- pigglywiggly42 4mo agoWith the amount of stolen items from 'consignment deals' the $400 million valuation is probably correct. $200000 in stolen goods from 200 franchises will definitely get them to $400 million in no time. I say stop feeding the beast