Inspect the fictional source packet
All documents and figures below are invented, in USD for FY2025. L1 means the first text line, including the CSV header; these labels are not PDF page citations. No tax returns, bank tie-out, customer contracts, mileage logs or lender terms are supplied. The frozen fixture tests arithmetic; no independent accountant or real-document validation is claimed.
Try screening the deal, then exclude the $14,000 settlement and screen again. Only included items affect earnings. Download the buyer handoff to inspect the bridge, assumptions and open questions.
pnl.csv · fictional text
L1 Account,FY2025_USD L2 Revenue,1000000 L3 Employee wages,380000 L4 One working owner pay,70000 L5 Supplies,100000 L6 Subcontractors,90000 L7 Rent,45000 L8 Insurance,20000 L9 Annual marketing,24000 L10 Business vehicles,18000 L11 Settled legal dispute,14000 L12 Other recurring operating expenses,59000 L13 Interest,10000 L14 Depreciation,20000 L15 Income taxes,25000 L16 Net income after tax,125000
seller-bridge.csv · fictional text
L1 Component,FY2025_USD L2 Net income after tax,125000 L3 Income taxes deducted,25000 L4 Interest,10000 L5 Depreciation,20000 L6 One working owner pay,70000 L7 Settled legal dispute,14000 L8 Vehicle add-back claimed,18000 L9 Marketing add-back claimed,24000 L10 Extra owner pay add-back claimed,44000 L11 Seller claimed SDE,350000
customers.csv · fictional text
L1 Customer,FY2025_USD L2 Synthetic Customer A,550000 L3 Synthetic Customer B,250000 L4 Synthetic Customer C,200000
notes.txt · fictional text
L1 SYNTHETIC commercial cleaning company; all documents and people are fictional. L2 Period: calendar FY2025; figures in USD. Asking price: 800000. Seller works 45 hours/week. L3 Legal settlement: 14000 expensed in FY2025; fictional executed release states the dispute is fully settled with no ongoing payment obligation. L4 Vehicles: seller calls 18000 personal use, but no mileage log or expense detail is supplied. Treat support as unresolved. L5 Marketing: 24000 is the annual recurring campaign; seller proposes adding it back because the buyer might market differently. L6 Extra owner wages of 44000 are already part of the 70000 owner pay expense. Do not count them twice. L7 Contracts, tax returns, bank statements, asset condition reports, YTD figures, and customer retention evidence are not supplied. L8 Buyer assumptions: 10% down; 10% annual loan rate; 120 monthly payments; cash-funded closing costs 15000; initial working capital 45000. L9 Buyer annual reserves: operator pay 80000, capex 10000, annual working-capital investment 5000, screening tax rate 25% of positive earnings less operator pay. L10 Buyer selects SDE multiples 2 to 4. No transaction comparables, loan approval, tax computation, or appraisal are supplied.
Buy-side underwriting
Five-minute deal screener
Know whether a business is worth pursuing, what your assumptions imply it is worth, and what could kill the deal before paying for professional diligence.
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