Searchers: what's the most painful part of evaluating a deal for you?
For me it was the evaluation work itself. Every listing meant a new spreadsheet, tracking all the add-backs, rebuilding the same DSCR math, and organizing everything just to figure out if a deal was even worth another weekend of my time. Most of the time it wasn't, and I was spending hours to find that out. I also didn't want to drop $15k on a course to learn how to buy a business. I'd rather keep that capital for the actual acquisition. So I built a tool to do the scoring for me. I paste in a listing and it pulls the financials apart, runs the DSCR on real trailing earnings, ranks the risks, and gives me a fast read on the thing I actually need early, which is whether to keep going or move on. It started as something for my own search. The timing feels right with the new SBA rules coming October 1 (SOPredacted), which make a lot of this mandatory anyway: a Quality of Earnings report on anything $3M and up, DSCR on real earnings at a 1.25x floor for first time buyers, and no more clearing it with projections. I'm still figuring out what actually helps though. If you've got a listing you're looking at, send it my way and I'll run it and send back the go/no-go with the numbers, no charge. I want the feedback as much as you want the read. So back to the question: what's the most painful part of the deal review process for you right now? Finding listings, the recast, keeping it all organized, or something else? That's what I want to work on next.