Decision: renegotiate structure
Summit Air HVAC clears base coverage at 1.64x, but a 10% revenue decline drops it to 1.02x.
Adjusted EBITDA of $732,400 on the trailing twelve months against an asking price of $2,950,000 — 4.03x. Every figure taken from the seller's records carries the page of the source bundle it came from, or is flagged as unsourced. Financing inputs are buyer and lender assumptions, labelled as such. Exports include a source-document manifest.
2 review blockersPrivate walkthrough
Reconciliation & Tie-Outs
Deterministic statement-to-statement tie-out verification checks. Blocker checks must resolve or be waived to confirm readiness.
Total Checks7
Passed Checks3
Failed Checks3
Pending / Not Run1
Readiness Blocked
There are 2 checks that block diligence readiness. Failed blocker checks must be corrected or cleared by an authorized reviewer waiver.
Gross profit verification
2 Total Checks
Evaluated Checks (2)
| Status | Severity | Period | Check Description | Expected | Actual | Delta | Action |
|---|---|---|---|---|---|---|---|
| Pass | blocker | FY2023 | gross_profit_fy2023Revenue less cost of goods sold matches reported gross profit for FY2023. | $2,080,200.00 | $2,080,200.00 | $0.00 | |
| Pass | blocker | TTM | gross_profit_ttmRevenue less cost of goods sold matches reported gross profit for TTM. | $2,573,200.00 | $2,573,200.00 | $0.00 |
EBITDA build and subtotals
2 Total Checks
Evaluated Checks (2)
| Status | Severity | Period | Check Description | Expected | Actual | Delta | Action |
|---|---|---|---|---|---|---|---|
| Pass | blocker | TTM | ebitda_build_ttmGross profit less officer compensation and other operating expenses matches reported EBITDA. | $612,400.00 | $612,400.00 | $0.00 | |
| Fail | warning | TTM | cogs_subtotal_ttmSum of cost-of-goods-sold line items ($3,061,400.00) differs from the reported total ($3,048,700.00). The total is sourced; the line-item detail behind it is not. | $3,048,700.00 | $3,061,400.00 | $12,700.00 |
Filed return comparison
2 Total Checks
1 Blocker
Evaluated Checks (1)
| Status | Severity | Period | Check Description | Expected | Actual | Delta | Action |
|---|---|---|---|---|---|---|---|
| Fail | Blocker | FY2023 | tax_vs_book_revenue_fy2023Gross receipts on Form 1120-S line 1a ($4,763,900.00) do not match management P&L revenue ($4,821,300.00). | $4,821,300.00 | $4,763,900.00 | ($57,400.00) |
Not Evaluated / Pending Checks (1)
| Status | Severity | Period | Check Description | Expected | Actual | Delta | Action |
|---|---|---|---|---|---|---|---|
| Not run | info | FY2024 | tax_vs_book_revenue_fy2024Filed return comparison not run. The FY2024 Form 1120-S has not been provided by the seller. | — | $5,194,800.00 | — |
Bank tie-out
1 Total Check
1 Blocker
Evaluated Checks (1)
| Status | Severity | Period | Check Description | Expected | Actual | Delta | Action |
|---|---|---|---|---|---|---|---|
| Fail | Blocker | FY2024 | bank_deposits_vs_book_revenue_fy2024Total deposits per the bank statements ($5,142,300.00) do not tie to booked revenue ($5,194,800.00). | $5,194,800.00 | $5,142,300.00 | ($52,500.00) |
Illustrative acquisition-finance preparation only. This demo is not financing advice, not a lending decision, and not external verification.