Play with a finished data room.
This is Salt Fork Heating & Cooling, a fictional company built from real diligence work. Everything below is exactly what a serious buyer sees, in the order a deal happens, and nothing is locked.
Step 1 · The upload
It starts with a drag and drop, and that is the owner’s whole job. He uploaded what he had, as-is, and every file landed filed in the right category.
the_upload
Drop anything here
PDFs, spreadsheets, exports, photos of paper. As-is.
filed to Financial statements
filed to Tax returns
filed to Tax returns
filed to Tax returns
filed to Customer ledger & contracts
filed to Customer ledger & contracts
filed to Employees & payroll
filed to Equipment & vehicle titles
Step 2 · The human pass
Software ties every figure to a source document. Then a real bookkeeper goes through them one by one and signs off — or catches what software alone would have shipped wrong. No number reaches a buyer without both marks.
the_human_pass
Bookkeeper sign-off
6 figures checked · 2 caught before a buyer could
2025 revenue
✓ confirmed
softwarepulled $6,131,208 from the P&L, matched to bank deposits within $18,406
bookkeepertraced the gap to a December card-processor holdback — tied to the dollar
Customer deposits
✱ caught & fixed
softwareflagged $46k of December deposits it couldn't tie to completed jobs
bookkeeperreclassified as a liability, not revenue — a buyer's accountant would have found it and cut the price
Maintenance contracts
✱ caught & fixed
softwarecounted 402 active contracts in the customer ledger
bookkeeperpulled the renewals: four expired, one duplicate — 397 verified and matched to revenue
Owner's pay
✓ confirmed
softwareflagged owner compensation of $340k against a market GM salary
bookkeeperpriced a replacement GM for the county, set the add-back at +$224k — defensible in diligence
Truck purchase
✓ confirmed
softwarespotted an $87k spike in 2024 vehicle expense
bookkeeperdocumented it as one-time with the title and invoice, added it back to earnings
Payroll
✓ confirmed
softwaretied the payroll summary to quarterly Form 941 filings
bookkeeperconfirmed all four quarters — no off-books labor
Step 3 · The room is built
From those verified numbers we build the data room. It goes live staged, so a buyer only sees what they have signed for.
room_tracker
Room tracker
94/101 docs verified
Step 4 · The sheet, behind an NDA
A serious buyer signs the NDA, and that unlocks the one-page offering memorandum. Nothing confidential moves before the signature.
offering_memorandum
Every figure in this memorandum is pulled straight from the owner’s financials and tax returns. Nothing is typed by hand.
01Executive summary
Salt Fork Heating & Cooling is a residential and light-commercial heating and cooling company serving the greater Los Angeles area since 2009. The business runs on recurring maintenance contracts and a steady replacement pipeline, with the owner already stepped back from daily operations. The owner is offering 100 percent of the company and is retiring.
$6.9M
Asking price
$1.38M
Adjusted EBITDA
5.0x
Multiple
$6.13M
Revenue (TTM)
Step 5 · The full room, behind the LOI
A buyer who likes the numbers signs a letter of intent, putting the price and terms in writing. That unlocks the full room, everything behind the numbers.
data_room
What the documents add up to
397
Active maintenance contracts
7,214
Customers in the ledger
36
Months of P&L on file
3
Tax returns reconciled
37
Employees on payroll
9
Vehicles titled
Step 6 · The close
The room already answered every question, so the price in the letter is the price that closed. The same business, sold two ways:
the_close
The same business
Sold cold
With Multiworks
+$1.4M
More in the owner’s pocket at close
166 hrs
Of paperwork the owner never touched
What Multiworks did to get there · ~220 hours of prep
- Built the full data room: 101 documents organized across every category a buyer checks.
- Rebuilt the books into a defensible $1.38M adjusted EBITDA, so the multiple held at 5.0x instead of getting argued down.
- Wrote the offering memorandum buyers read first, and answered every diligence question straight from the room.
After the close
The new owner inherits the clean books and the complete data room, and over their first year we build the operating system that runs the business with them. Just bought a business? Tell us what you bought.
operating_system
Apps that run the business
Scheduling board
Balances the team's load across the week.
Approval queue
Clear requests from your phone in seconds.
Recast P&L
Keeps the books on accrual, not cash.
Customer concentration
Flags single-customer risk in real time.
Renewals
Chases every expiring contract before it lapses.
Upsell prompts
Surfaces the right add-on on every order.
Next steps