Edition No. 8 · No. 07 · the annex · Free edition

Hair salon

Pennsylvania · name withheld in the free edition Why no names?

DO NOT OFFERDo not offer at this price.Dearer than 60% of 15 similar businesses.

Asking price$249kas listed

Revenue$358kas listed

SDE$75kas listed, a 21% margin

If a manager runs it-$77kto$67kour rebuild, about 5 hrs a week

Hours with a manager~5 hrsa week, our estimate

Price over SDE3.3xsimilar listings: 2.3x

Contents

1Two ways to own it

If you run it

$1to$143k

~42 hrs / week · your own week, our estimate

Someone else runs it

-$77kto$67k

~5 hrs / week · after paying a $77k manager

Straddles the question: at the conservative end the business does not pay a manager.

Both ranges are our estimate, not the seller's figure. Each starts at its careful end.

3.3x the seller's SDE; the middle of similar listings is 2.3x.

Based on asking prices, not completed sales.

DO NOT OFFER1 critical red flag - the desk would not offer

Premium opens these for every deal in this edition and the four before it.

Why the desk would not offerPremium

Each one written out, with what would close it before an offer.

The original listing and the brokerPremium

We could not name this one; the member file links the listing and names the broker where the listing does.

Questions for the brokerPremium

Written from the conditions and the open checks, in the order we would ask them.

What we could not establishPremium

What no document we found decides, and the document that would.

The model and the research trailPro

Five-year projections per basis with the downside, the scenario workbook, and every check with its evidence.

The full file

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1,000 listings screened, 5 published · Edition No. 8, 10 October 2026. We have no stake in whether any deal closes.

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