Owner dependency
If client relationships, pricing and purchasing sit with the owner, the buyer prices in a replacement – or ties a large share of the price to a multi-year stay.
M&A
A first orientation in two minutes. The calculator uses common sector EBIT multiples and accounts for the factors buyers actually negotiate over.
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Bank debt less freely available cash. A negative figure means net cash.
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Indicative range
Enterprise value
4.7 – 7.3 Mio. €
Equity value (after net debt)
4.2 – 6.8 Mio. €
The logic is a multiple approach as commonly used for mid-market companies: EBIT times a sector factor, adjusted for qualitative features. It does not replace a valuation. Purchase prices are negotiated – across structure, warranties, earn-out and tax. For a reliable indication we look at the last three sets of accounts.
Background
Two companies with the same EBIT can differ in price by a factor of two. Rarely because of the numbers alone.
If client relationships, pricing and purchasing sit with the owner, the buyer prices in a replacement – or ties a large share of the price to a multi-year stay.
Contracted, recurring revenue is valued far above project work with good but volatile margins. Predictability pays.
Cash at closing, vendor loan, earn-out, rollover equity: the headline price says little until the structure is settled.
Owner salary, rent paid to own properties, private items: normalisation comes before valuation. This is often where the biggest lever sits.
Bank debt is deducted from enterprise value, excess cash added. The definition – leases, pensions, working capital – is regularly contested.
A strategic buyer with synergies pays differently from a financial investor with a return target. Who you approach often moves the price more than any method.
Next step
If you want to know what the market would actually pay, we look at the last three sets of accounts and current management figures. That turns into an indication you can work with – confidential, no mandate required.
A short teaser is enough. NDA upfront on request.