Notes on buying a business.
What we're building, what we're learning, and the details that actually matter.
What we're building, what we're learning, and the details that actually matter.
Three real, SEC-disclosed mechanical/HVAC acquisitions with computed multiples, plus where the Main Street end of the market actually trades.
Buyer educationWhy your maximum offer is set by SBA debt-service coverage math, not a multiple that feels right — and how to use that ceiling in negotiation.
Due diligenceThe financial-statement patterns experienced buyers check before committing real diligence time: reconciliation gaps, addback ratios, and unverified recurring revenue.
Due diligenceA category-by-category checklist for verifying seller addbacks — owner comp, personal expenses, related-party payments — before they inflate your offer.
EngineeringWe compiled real, sourced M&A transaction data across a dozen industries and checked it against what our engine was already saying.
Industry valuationTwo real, SEC-disclosed pest control acquisitions and the industry data behind pest control business valuations.
Industry valuationFive real, SEC-disclosed home care acquisitions from the same acquirer, and what the spread between them reveals.
Buyer educationHow entrepreneurs buy and operate existing businesses, the main ETA models, and what the acquisition process involves.
Engineering