TUESDAY | DEAL BREAKDOWN
TL;DR: Three businesses scored this week: a Cuban bakery at $2M, a family medicine practice at $1.6M, and a paver and patio company at $975,000. Two clear every bar on the model. The third misses its debt coverage target at 1.99x, and its owner is selling because he's burned out. Each deal links to its full scored breakdown.
Three businesses this week: a bakery, a family medicine practice and a patio company. Two clear every bar on the model. The third comes close, and close doesn't count when it's your loan.
Green means it cleared. Red means it didn't. Click any deal for the full model.
🟩 CLEARS: 3.47x DSCR
Asking Price | $2,000,000 |
Earnings (SDE) | $1,058,953 |
Revenue | $3,807,769 |
Multiple | 1.89x |
The Setup. A high-volume Cuban bakery in a busy Tampa retail corridor, about six years old, with a full production kitchen, 23 employees and a lease that runs to 2034. The broker points to catering, delivery and wholesale as untapped upside. The seller is pursuing other interests and will only offer limited training.
→ $753,479 a year in your pocket, and the seller won't show the books until you prove you have the money. Full model here
🟩 CLEARS: 3.60x DSCR
Asking Price | $1,600,000 |
Earnings (SDE) | $880,000 |
Revenue | $2,800,000 |
Multiple | 1.82x |
The Setup. A family medicine practice in the Omaha metro, open since 1983, with about 7,000 active patients, mostly commercial insurance, an on-site lab and X-ray, and cash-pay lines in hormone and anti-aging care. The physician owner produces only a small slice of collections; four physician assistants and a management team carry the load. The owner is stepping back but will stay on for a paid transition.
→ $635,621 a year in your pocket, and none of the four PAs who drive it is under contract. See the full model
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🟥 FAILS DEBT COVERAGE: 1.99x DSCR
Asking Price | $975,000 |
Earnings (SDE) | $296,917 |
Revenue | $945,208 |
Multiple | 3.28x |
The Setup. A Central Ohio paver and hardscape company, about eight years old, that restores, seals and replaces patios, walkways and driveways, with restoration making up most of the work and customers coming back every few years. A subcontracted crew does the field work, with a salesperson, an outsourced call center and steady marketing feeding the calendar. The owner is selling because he's burned out, and he'll train for two weeks.
→ $147,998 a year in your pocket, and the man who built it is too tired to keep going. See where it breaks
Spend your time on the patio deal. "Close" is the most expensive word in buying a business, because the gap between almost enough and enough is where your loan payment lives. Ask why the owner is worn out before you ask anything else, because whatever wore him out is coming with the keys.
— Mike
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