TUESDAY | DEAL BREAKDOWN
TL;DR: Three businesses scored this week: an interventional pain management practice at $830K, a disaster recovery services company at $795K, and a non-emergency medical transport company at $1,060,000. Two clear every bar on the model. The third comes with a broker appraisal at 4.7x earnings and misses its debt coverage target at 1.88x. Each deal links to its full scored breakdown.
Three businesses this week: a pain management practice, a disaster recovery company and a medical transport service. Two clear every bar on the model. The third shows up with a professional appraisal, and the appraisal and the math don't agree.
Green means it cleared. Red means it didn't. Click any deal for the full model.
🟩 CLEARS: 4.31x DSCR
Asking Price | $830,000 |
Earnings (SDE) | $547,000 |
Revenue | $1,760,000 |
Multiple | 1.52x |
The Setup. An office-based interventional pain management practice in Colorado with its own procedure suite, thousands of active patients, strong physician referrals and a diverse payor mix. Revenue and earnings come from the 2025 tax returns. The owner is the only physician, he's retiring, and the listing says the buyer needs to be a pain physician or bring one.
→ $420,228 a year in your pocket, and the only doctor in the building is the one retiring. Full model here
🟩 CLEARS: 4.44x DSCR
Asking Price | $795,000 |
Earnings (SDE) | $538,893 |
Revenue | $1,333,545 |
Multiple | 1.48x |
The Setup. A Florida disaster recovery company, around since 2010, that sends a network of about 400 part-time workers and contractors into hurricane, flood and tornado zones from Virginia to Texas for logistics, food service, security and transport. It runs from home as a subcontractor to the general contractors who win recovery work. The seller owns another business and calls this great supplemental income in storm years.
→ $417,467 a year in your pocket, and it only gets paid when a hurricane hits. See the full model
Want to score deals like these yourself? The whole Bulletproof method, the same criteria behind every badge in this email, is in a free 28-minute masterclass. |
🟥 FAILS DEBT COVERAGE: 1.88x DSCR
Asking Price | $1,060,000 |
Earnings (SDE) | $305,000 |
Revenue | $1,090,000 |
Multiple | 3.48x |
The Setup. A non-emergency medical transport company in Virginia, running since 2010, moving patients for hospitals, hospices, nursing homes and rehab facilities across a 100-mile area with a 12-person team. It holds approved vendor status with local facilities, and the owner is retiring with consulting available afterward. The broker includes a valuation report and says the business appraised at 4.7x EBITDA.
→ $143,099 a year in your pocket, on a deal the broker says appraised at 4.7x. See where it breaks
Spend your time on the medical transport deal. An appraisal is a document somebody paid for, and it usually wasn't the buyer. Your loan payment doesn't care what the appraiser thought. It cares what the business earns against what you pay for it.
— Mike
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