Commercial services · illustrative MAP field note
Would you buy a $4.7M services business at 4.1× EBITDA?
MAP score
62/100
Revenue
$4.7M
EBITDA
$780K
Asking price
$3.2M
Largest customer
31%
The headline is attractive: recurring demand, $780K EBITDA, and an owner working roughly 10 hours a week. The underwriting question is whether one customer can change the whole deal.
Verdict: pass until concentration is solved The risk is not the multiple—it is the dependency.