Sample reports
Illustrative reports based on fictional transactions. Every company, person and figure is invented; the reports demonstrate our analytical approach and presentation. Your engagement’s scope and deliverables are agreed separately. Read the summary here, page through the full report, or browse the databook.
Illustrative report based on a fictional transaction
Commercial landscaping, Ohio · $3.2M
Illustrative adjusted earnings: $912k. At 3.5x, the price sits within the example’s market range, subject to three conditions for proceeding.
The illustrative analysis supports proceeding at the proposed price, subject to a working-capital arrangement that reflects seasonality.
Illustrative report based on a fictional transaction
HVAC services · $2.0M
About 4.4x adjusted earnings. Year-three coverage of 1.245x, just below the lender’s 1.25x floor. Supported value about $1.65M.
The business is sound. The price and structure are not.
Illustrative report based on a fictional transaction
Managed IT services, Colorado · $10.0M
7.8x illustrative adjusted EBITDA at the ask. Supported value about $8.4M, or an earnout tied to retention.
Recurring revenue is softening just as the price assumes it is strengthening.