Northstar Deal Advisory's 48-Hour Deal Screen

Field notes

The service separates an initial listing-level screen from a deeper pre-LOI reconstruction. The smaller engagement promises an earnings bridge, valuation range, SBA 7(a) structure, downside cases, and seller questions in a PDF; the larger package adds month-by-month reconstruction, add-back checks, customer concentration, labor benchmarking, and a five-year operating model. The visible sample concerns a $725,000 Southern California HVAC listing and highlights ambiguity around whether reported net income already represents SDE.