Clarity before the deal. Confidence after the close.
Quality of Earnings, valuation, and exit readiness work that tests the numbers behind the price, so buyers, sellers, and lenders can move with confidence.
Adjusted EBITDA schedule
Illustrative · $000s| QoE databook, schedule 2.1 | FY23 | FY24 | TTM Jun-25 |
|---|---|---|---|
| Net income, as reported | 612 | 744 | 801 |
| Interest, taxes, D&A | 298 | 315 | 322 |
| EBITDA, as reported | 910 | 1,059 | 1,123 |
| Owner compensation to market | 185 | 192 | 198 |
| Non-recurring legal settlement | – | 64 | 64 |
| Personal expenses run through the business | 41 | 38 | 35 |
| Related-party rent to market | (24) | (24) | (24) |
| Adjusted EBITDA | 1,112 | 1,329 | 1,396 |
Monthly CFO dashboard
IllustrativeGross margin
38.4%
+2.1 pts
Cash runway
14 wks
13-week view
DSCR
1.62x
Lender-ready
Every side of the table.
We stay independent. Our job is to tell you what the numbers say, not to get the deal done at any price.
Buyers
Searchers, independent sponsors, family offices, and small PE teams who need to know what they're really buying.
- Targeted or full QoE
- Working capital peg support
- Lender package for financing
Sellers
Owners preparing to sell who want to find the issues before a buyer does.
- Preliminary valuation estimate
- Exit readiness assessment
- Sell-side QoE, quoted per engagement
Lenders
SBA lenders who need an independent report commissioned for the credit file.
- Written to SOP 50 10 8.1
- Tested, not accepted, adjustments
- Quoted per file
Four scopes. Pick the depth your deal needs.
Prices shown are starting points. Final scope is set after a short call. Lender-commissioned SBA reports are quoted per file.
For sellers
Preliminary Valuation Estimate
From
$3,000
An indicative value range before you commit time or capital. Fee credited toward Exit Readiness if you upgrade within 90 days.
For sellers
Exit Readiness Assessment
From
$6,500
What a buyer will find, what to fix first, and a preliminary valuation range.
For buyers
Targeted Scope QoE
From
$7,500
A focused read on the earnings and the risks that matter most for your deal.
Most complete
Full QoE
From
$12,500
The complete diligence package. See what's included below.
Pick the depth your deal needs.
A targeted scope focuses on the earnings and the biggest risks. A full QoE adds the work most buyers and lenders expect on a larger or more complex deal.
| What's included | Targeted scope from $7,500 | Full QoE from $12,500 |
|---|---|---|
| Adjusted EBITDA bridge, adjustments tested | ||
| Owner compensation normalization | ||
| Revenue trends and customer concentration | ||
| Proof of cash | ||
| Gross margin and expense trends | ||
| Tax return to financials reconciliation | ||
| Net working capital analysis and peg support | ||
| Debt and debt-like items | ||
| Monthly TTM trends | ||
| Excel databook | ||
| Written report | Summary memo | Full report |
| Findings call |
What a full report actually contains.
Hover or click any line for a plain-spoken definition of the work behind it.
Full QoE · What's Included
We rebuild reported earnings line by line, testing each adjustment against source documents so the number a buyer or lender sees is defensible.
We trace cash from bank statements to the books to confirm reported revenue actually landed in the bank.
We tie the tax returns to the internal financials so the numbers a buyer will check against the IRS actually agree.
We map who really drives the revenue and whether that base is stable or concentrated in a few accounts.
We track margin and cost behavior over time to spot one-time benefits or creeping erosion a buyer would price against you.
We separate true market owner pay from discretionary or personal amounts so earnings reflect how the business actually runs.
We measure the working capital the business needs to run and support the peg used to true up the price at close.
We identify amounts that act like debt, bonuses, accruals, and related-party balances, so nothing surprises the buyer at the table.
We lay out trailing twelve-month trends month by month to show the real trajectory, not a single snapshot.
You get the full supporting workbook and a written report that explains what we found in plain English.
We walk you through the results live so you understand every adjustment and can act on what we found.
Built around your LOI and closing date.
Most reports are delivered within 3 to 4 weeks of full data access, with an early findings call along the way so issues surface while there's still time to act.
- 1
Initial review
We review the CIM, financials, and LOI terms, and scope the work around your timeline.
- 2
Information gathering
We work from the data room and coordinate directly with the seller and their team.
- 3
Analysis and early findings
We test earnings, cash, and working capital, and call you early if something material turns up.
- 4
Report and discussion
You get the databook and a plain-language report, and we walk you through what it means for price and structure.
The issues that show up late in a deal.
Most deal surprises are in the numbers all along. A good QoE finds them while you can still negotiate.
- Incomplete or inconsistent financial records
- Earnings that won't hold up after the owner leaves
- Add-backs that are inflated or unsupported
- Revenue or margin trends that are misread
- Working capital needs that change the price
- Customer concentration hiding in the detail
Jackson CFO gave us the clarity we needed in due diligence and then guided us through the entire post-close setup. They built strong financial systems we could grow on, sharp, responsive, and incredibly easy to work with.
Jennifer Nicks
Ultra Coffeebar
From first look to the first year of ownership.
Transaction work doesn't stop at the close. We stay with you from the first valuation through the first months of running the business.
Know what the business is worth before you move.
A preliminary valuation estimate frames the decision before you commit time or capital.
Preliminary valuation range
Illustrative · indicative| Normalized EBITDA | $1.40M |
| Market multiple range | 3.0x to 4.3x |
| Indicative enterprise value | $4.2M to $6.0M |
Indicative range only. Not an appraisal. Not for SBA, tax, or legal purposes.
A note on valuation
Our preliminary valuation is an indicative range, not an appraisal. It is not suitable for SBA, tax, or legal purposes. For a formal, independent valuation, we'll refer you to a qualified appraiser.
Tell us about your deal.
Share your LOI or where you are in the process. We'll quote the right scope and a timeline that fits your close.