I'm trying to think through the pros and cons of acquiring a small (<$1m) home staging business and would love to hear if anyone has any thoughts (good or bad) on the industry. One thing I'm worried about is that EBITDA may not directly translate to cash flow, due to the need to constantly replenish your inventory of furniture. Broker is trying to pitch it as recurring revenue, but in reality looks like more than 50% of revenue each year is from new customers.