JCoBeeSeller · the mirrorBuyer workspace →
You're playing the owner of a sample company. Register each document and watch the package come together. It's yours to explore, held in this browser.
This is your company in a buyer's first five seconds
Market-ready. You clear a strategic buyer's screen

Tier-1 Aerospace Components Inc.

Precision Parts Manufacturing / Aerospace & Defense · Cambridge, Ontario, Canada

No open gates. The base-case economics aren't modeled yet.

Your documents · 7 to register
FY2024 Reviewed Financial Statements · FY2024Open
FY2023 Reviewed Financial Statements · FY2023Open
FY2022 Reviewed Financial Statements · FY2022Open
Payroll Summary · FY2024Open
Customer Revenue Detail (FY2021-FY2024) · FY2021-FY2024Open
Equipment Register · currentOpen
Normalization Memo · FY2024Open
The figures a bank underwrites
Revenue$4.15Mnot yet backed
EBITDA$1.28Mnot yet backed
Package readiness · 0 of 4 ready
Build this with your company →

Four things make a company ready for market. Most owners can finish the first two in a week, with documents they already have.

1
Would a lender trust your numbers?

Your revenue and profit need documents behind them a bank respects.

0 of 2 backed so farAdd your first document →
2
What actually makes the money?

Buyers pay for customers, machines, and the people who run them. Start naming yours.

3
What will buyers ask?

Every strength has a question behind it. Work the map above and your answers build themselves.

questions appear as you name what you ownSee the first question →
4
Does your price actually finance?

A buyer's bank will run your ask against your cash flow. Test it before they do.

The Package prints what's ready today; open items print as open. Nothing is hidden.

You're exploring a sample company, held in this browser. Sign in to run the mirror on your own books →. Upload once and build a CIM that survives their diligence.

The multiple a buyer will defend
Researched comp band · Precision machining · aerospace & defense · as of 2026-07-07

This is what a buyer's model already reads about your company from the numbers on file. It is a different thing from the readiness stations and data room above, which track the documented package you still have to build. A buyer sees your concentration and your margins now. The package is how you prove them, and how you hold your price when they push.

4.0×-6.0×EV/EBITDA today$5.10M-$7.66M on $1.28M EBITDA
4.0×
median
high 7×
premium · needs $2M
How it's built, driver by driver
AS9100 / NADCAP certification+1-2 turns · if earned

No certification evidence is in your package yet. AS9100 or NADCAP is the license to bid regulated aerospace work. A buyer pays up for a shop that can. Add the certificate if you hold it.

Owner dependence / management depth · Payroll registercaps near 4×

Your payroll is in hand (Payroll register), but the depth below you isn't mapped yet, so a buyer still holds the risk the shop runs on you. Until it's shown, that caps the multiple near 4×. Map your people to lift it.

Top-customer concentration · Management / internal P&L−0.5-1.5 turns · a band

Your top three customers are about 43% of revenue. A buyer prices that as a discount, and its size is a band, not one number.

Recurring / contracted program work · Management / internal P&L+0.25-0.75 turns · not yet counted · a band

Your customer detail can show which revenue is under contract. Recurring program work would lift the multiple, but the terms aren't mapped yet, so it's upside not yet counted.

Margin vs. the sector · Reviewed statements

Your EBITDA margin is about 31% (from the reviewed statements). Where that sits against the trade isn't benchmarked here, so it isn't moving the number yet.

Size / earnings scale · Reviewed statementspremium closed

At about $1.28M EBITDA you're below the ~$2M the premium corridor needs. The 8-11× premium is closed this year. Scale is the one lever you can't pull in a season.

Equipment currency & capacity · Management / internal P&L

Your equipment register is in hand (Management / internal P&L). The fleet's currency isn't scored yet, so its effect is a band: a current, well-used fleet adds; an aged one is a capital bill a buyer prices in. Map it to place it.

The floor caveat. You're an owner-operated shop under $1.5M EBITDA, so a buyer may price on SDE instead. 3.0×-5.0× SDE ≈ $4.08M-$6.79M, often the truer and lower read.
Sweep your price against the buyer

At every price a buyer runs the same test their bank will. As you ask for more, three things move together: the bank covers less of it, the buyer's own cash climbs to fill the gap, and their return fades. Price it where all three still work.

stealreal pricestrategic onlya buyer's own cashthe bank's coveragea buyer's return4.5×7.0×3.0×
Your real-price zone: $5.74M-$6.97M (4.5×-5.5× of your earnings)

Below $5.74M you're leaving money on the table. A buyer clears their return easily. Above $6.97M, no financial buyer clears on your standalone cash flow: the bank won't lend more, so every extra dollar is a dollar of their own cash and their return falls under the 18% floor.

Above $6.97M is strategic territory. A higher price is a specific strategic buyer. A competitor consolidating, a supplier integrating. Paying for synergies that are theirs, not yours. It's upside they might justify; it is never part of your defensible price. Court the right strategic buyer and it can appear. But don't bank on it.

The 18% floor is today's financial-buyer walk point (as of 2026-07-07), not a permanent rule: Roughly an SMB buyer's cost of equity today. A risk-free rate near 4.5% plus an SMB equity-risk premium near 13.5%. It sits below the returns search funds (~25-30%) and lower-middle-market private equity (~20-25%) underwrite to: the point where a disciplined financial buyer's return no longer compensates the concentration, key-person and illiquidity risk of a business this size. Re-peg to the live risk-free rate plus the SMB equity-risk premium as rates and underwriting move. This is today's walk point, not a permanent number. The test uses the same 1.25× coverage line their bank does; the ceiling above is re-derived from your own numbers each time, not a fixed multiple.

What it would take to defend more

The same drivers, run backwards. The moves that lift what a buyer will actually finance for you, from about 4.7×. Each step is capped at what a buyer's return supports and re-figured after the ones before it, so nothing here promises a price no buyer would pay. A move that only lifts what a strategic buyer pays is marked as such. Real, but never banked into your price.

1
Diversify your top customers4.7× → 4.7×

No lift on its own. Your floor is held by more than one risk. It pays off together with Owner dependence / management depth.

conditional. Not yet true. ~2-4 years · sustained sales and business development (estimate)
2
Build management depth below you4.7× → 5.5× · +0.8
conditional. Not yet true. 12-24 months · a second-tier manager's salary (estimate)
3
Get AS9100 / NADCAP certifiedstrategic upside

Lifts what a strategic buyer would pay, not your financeable price. A financial buyer is already capped by their return. Show it; never bank it.

conditional. Not yet true. 12-18 months · roughly $15-40k for implementation and the registrar audit (estimate)
4
Put program work under contract5.5× → 5.5×

No lift at your current size. The ceiling is set by the buyer's return, not this driver.

conditional. Not yet true. 12-24 months · commercial effort to convert purchase-order work to contracts (estimate)
The furthest a financial buyer will finance is about 5.5×. No set of moves defends a financeable price past about 5.5×. That ceiling is your buyer's return, not your comps. The comps could support up to about 6.3× once you're certified and de-risked, but a financial buyer won't finance it; that gap is a strategic buyer paying for synergies that are theirs. The premium corridor above needs roughly $2M of EBITDA. Scale you can't build in a season.

This is a greedy best-next-move path. Cheapest, steepest first. Not a proven-optimal order. Each step's lift is re-figured after the ones before it.

The numbers a buyer runs · at base structure
Your ask
What do you intend to ask?
$
Held in this browser. Nothing saved. Type a price and the mirror tests it against the bank.
Is your price financeable · the coverage a bank needsNot tested yet
Enter your ask to test it. The price is what makes the coverage computable.
What a buyer will deduct. Fix or document before marketThe gap plan →

Nothing material surfaced yet. But the mirror is only as deep as the data. Fill the lists to test what a buyer will actually find.

Your data room, so far
Customers0 / 10
Machines0 / 20
Dimensions0 / 9
Cost lines0 / 17

Every list you fill in is your data room being born, and every field already tells you why a buyer asks. Work the ordered gap plan →

When it reads clean, the Package is a CIM that survives their diligence. Every figure basis-labeled, every claim graded, every number traced. Build it whenever you like; open items simply print as unopened.