Acquisition Briefs

In-depth business-level analysis for active acquirers. Each brief includes reconstructed financials, valuation triangulation, risk scoring, and a 100-day integration plan.

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Deal #85 · Sheet Metal Fabrication

Denver Welding & Fabrication Business — Strong Pipeline, Negative Buyer Cash Flow

Denver, CO

Pass

Despite a strong revenue pipeline and turnkey operations, the reconstructed financials reveal negative buyer cash flow after debt service. The $900K asking price requires $83K in annual owner subsidy under SBA terms, making this deal unworkable without significant price reduction or equity injection.

$1.81M Revenue Est. $168K (SDE reconstruction) Est. SDE $590K-$670K Fair Value 2026-08-31
Deal #84 · Event Venue

Two Established Charcuterie Franchise Locations

Travis County, TX

Conditional

High-growth catering franchise with strong corporate base and efficient model, but material concerns around undisclosed franchise fees, limited operating history (3 years), and significant Q4 revenue concentration warrant deep diligence before proceeding.

$425K Revenue $263K Est. SDE $735K-$920K Fair Value 2026-08-24
Deal #83 · Plumbing

Dominant Dallas Plumbing Company: $5.5M Revenue, Regional Monopoly

Dallas, TX

Conditional

Strong regional monopoly with verified market dominance, but asking price at 5.8x SDE vs. reconstructed 1.17M SDE creates 15% overvaluation. Real estate exclusion adds complexity. Recommend at $5.0M-$5.2M.

$5.49M Revenue $1.17M Est. SDE $5.0M-$5.3M Fair Value 2026-08-20
Deal #81 · Restoration

High-Performing Restoration Franchise in Major Texas Market

Harris County, TX

Conditional

Strong commercial franchise with excellent margins (42% SDE) and recurring insurance relationships, but asking price at 3.8x SDE requires verification of reported cash flow and mitigation of franchise dependency risks.

$6.1M Revenue $1.59M (reported $2.55M) Est. SDE $4.5M-$5.1M (vs $6M ask) Fair Value 2026-08-20
Deal #82 · Bookkeeping

Specialty Apparel Finance & Inventory Planning Company – Macon, GA

Macon, GA

Pass

Despite strong headline revenue, this business presents unacceptable concentration risk, working capital demands inconsistent with disclosed cash flow, and fundamental structural concerns around inventory financing model.

$17.19M Revenue $4.99M (Est. 29.0% margin) Est. SDE N/A - structural concerns preclude valuation Fair Value 2026-08-20
Deal #80 · Window Cleaning

High-Profit Window Cleaning Franchise: $1.26M Revenue, $660K SDE, 80% Repeat Clients

St John, IN

Conditional

Strong franchise with excellent financials ($660K SDE, 52.5% margin) and customer retention (80%), but asking price of $450K represents 2.99x SDE—above market comps of 2.0-2.5x for this segment. Recommend offer at $330K-$380K (2.0-2.3x SDE). Conditional on franchise transfer approval, customer concentration verification, and labor retention post-transition.

$1,255,504 Revenue $659,866 (52.5% margin) Est. SDE $330K-$380K (vs. $450K ask) Fair Value 2026-08-17
Deal #79 · Precision Machining

100-Year-Old Permian Basin Industrial Supply & Machine Shop – $5M Revenue

Big Spring, TX

Conditional

Established 100-year operation with strong diversification across 5 service lines and $1.87M inventory, but negative cash flow after debt service, extreme customer concentration risk, and undisclosed financials create substantial uncertainty. Requires 50%+ owner carry and customer verification.

$5.0M Revenue $380K Est. SDE $1.9M-$2.5M Fair Value 2026-08-10
Deal #77 · Commercial Services

Multi-State Commercial Landscape & Pest Control Platform

Baldwin County, AL (4-state footprint)

Conditional

High-quality recurring revenue model with strong unit economics, but 2023 formation date, unclear state distribution, and aggressive 2.0x SDE valuation require deep verification of contract stability and growth trajectory.

$4.0M (2025) Revenue $1.27M Est. SDE $1.9M-$2.3M Fair Value 2026-08-06
Deal #76 · Roofing

Premier Roofing & Storm Restoration Company - Douglas County, CO

Douglas County, CO

Conditional

Strong cash flow and market position undermined by severe revenue-multiple disconnect (1.28x), extreme seasonality, and subcontractor dependency. Requires 40% price reduction to justify acquisition economics.

$2.46M (trailing) | $3.7M (2024) Revenue $592K (24% margin) Est. SDE $1.07M-$1.30M Fair Value 2026-08-06