Underwritten
Edition No. 7 · No. 22 · the annex · Free edition

Electric-bike sales & service

Miami-dade County, FL · name withheld in the free edition Why no names?

DO NOT OFFERDo not offer at this price.Cheaper than 57% of 7 similar businesses.
Asking price$190kas listed
Revenue$242kas listed
Seller earnings$77kas listed, a 32% margin
If a manager runs it-$62kto-$3kour rebuild, about 5 hrs a week
Hours with a manager~5 hrsa week, our estimate
Price over earnings2.5xsimilar listings: 2.5x
Contents

1Two ways to own it

If you run it
$4kto$63k
~41 hrs / week · your own week, our estimate
Someone else runs it
-$62kto-$3k
~5 hrs / week · after paying a $66k manager
Does not pay a manager on our conservative view.

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

2The price and the verdict

2.5x the seller's earnings; the middle of similar listings is 2.5x.

Based on asking prices, not completed sales. A thin peer set: indicative, not a distribution.

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

+In the full file

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

The name, why the desk would not offer, and the questions for the broker.

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1,000 listings screened, 5 published · Edition No. 7, 12 August 2026. We have no stake in whether any deal closes.

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