Axiro · Exit Readiness Assessment
Wilcox Electrical
September 2026
You believe
$500,000
Worth today
$1,030,000 – $1,255,000
You need
$600,000
Score
95 / 120
Tier
Clean Exit
Belief gap
+$640,000 undervalued
Wealth gap
covered
You'd walk away with: $930,000 – $1,155,000 after business debt.
Worth more than you think — and already enough to fund the exit you named. From here it's upside.
02 · The two gaps

The belief gap

You've been underestimating what you've built. Your gut number came in $640,000 below the point estimate of what the answers say the business is worth today.

The higher figure is on paper for you to hold — Section 3 shows how it's built, so you bring receipts, not just conviction, to the conversation.

The wealth gap

You said you'd need $600,000 to walk away. After clearing $100,000 of business debt, a sale at today's point estimate leaves you roughly $1,040,000 — the number you need is covered.

That's the strongest position an owner can hold going into an exit conversation: from here, everything is upside rather than survival. The rest of this report is about the difference between enough and everything you could get.

03 · How your number is built

The math behind the number, shown openly.

Every input the valuation touches is on the table. If any of the assumptions below look wrong, the whole number is worth restating — email us and we'll rerun it.

Line itemAmount
Revenue, last full year (F1)$750,000
− Operating costs (F4)$500,000
EBITDA$250,000
+ Your compensation add-back (F5)$75,000
+ Family payroll adjustment (F6 × F7 scale)$51,000
+ Personal expense add-backs (F10)$25,000
+ Rent normalisation (F9)$0
SDE — seller's discretionary earnings$400,000

Your business earns more than your P&L shows.

Once buyer-standard add-backs are applied, the true earnings on offer to a new owner are $400,000 — not the $250,000 the P&L reads. That difference — $150,000 — is the buyer's upside on paper the day after closing.

Multiple placement

Every industry has a range of SDE multiples that businesses change hands at. For Construction, the published band is 1.8× to 3.1×. Your readiness score of 95 / 120 places you at 2.86×, which — applied to your SDE of $400,000 — produces the value range shown on the cover: $1,030,000 to $1,255,000.

The multiple is a linear interpolation across the band by readiness score. It is not a black box: take your score divided by 120, multiply by the width of the band, and add the floor. The range around the point estimate is ±10%, which is the honest read on any single-diagnostic valuation.

After business debt (F8: $100,000): $930,000 to $1,155,000. This is what lands with you after the sale clears the business debt — the number the Wealth Gap in Section 2 is measured against.

Indicative range based on your inputs and published market transaction data — not a formal appraisal.

04 · Readiness score

95 / 120 · Clean Exit

The readiness score is a buyer-weighted read across the five domains that determine what a business changes hands for. Below is the domain-by-domain breakdown, with the mechanism buyers care about for each.

Financial Quality17 / 24 · 71%
Recurring revenue, concentration, margin trend, books hygiene. Buyers pay for predictability.
Transferability18 / 24 · 75%
How much of the business runs without you. The single largest discount lever in every valuation.
Growth & Market19 / 24 · 79%
Trajectory, moat, retention. The three-year trend caps the multiple.
Operations & Systems20 / 24 · 83%
Documented process vs head-knowledge. Where diligence questions live.
Deal Readiness21 / 24 · 88%
Contracts, licenses, entanglement. Where transactions actually die.

Weakest domain: Financial Quality. Sections 5 and 7 concentrate on this domain first, weighted by dollar impact.

05 · The recoverable value

Where it sits, answer by answer.

Your answers price you at 2.86×. At full readiness they'd price you at up to 2.97×. The difference is $45,000 — this ledger shows which answers are holding it.

Allocation rule: proportional to the point-recovery weight of each finding. Findings render individually until the named share reaches roughly 75% of the total pot, capped at 15 rows; the remainder is grouped by title into a catch-all row so nothing goes unnamed even when its dollar share is small. The rendered column below sums exactly to $45,000 — arithmetic that doesn't reconcile destroys the trust that dollarisation exists to build, so we don't let it drift.

FindingImpact
Key supplier ties are partly personal
Personal goodwill doesn't convey — the buyer restarts every relationship at zero unless the terms are on paper.
First fix: Convert goodwill to contract.
From your answer: “Mostly me personally.”
−$10,862
Some personal expenses run through the business
Every mixed transaction is a diligence question and a haircut on trust — even the defensible ones.
First fix: Separate fully, then prove a clean quarter.
From your answer: “Substantially mixed.”
−$9,310
Prices haven't moved in over two years
A business that can't raise prices has no demonstrated moat and no inflation cushion — buyers price the ceiling in.
First fix: Prove pricing power on a low-risk segment.
From your answer: “Longer ago than 2 years.”
−$9,310
One platform or supplier matters a lot
Single-platform businesses carry a well-known, priced-in risk profile — one policy change reprices the company.
First fix: Stand up the second leg.
From your answer: “One is critical — losing it would hurt badly.”
−$7,759
Some errors reach customers
Every customer-caught error spends trust the business is built on — and becomes a diligence anecdote.
First fix: One pre-customer check on the worst offender.
From your answer: “Me, when I happen to look.”
−$7,759
Total gap$45,000
06 · What holds your value up

The answers that support the multiple.

5 answers in the assessment scored a strong A. These are the elements that hold the value up — the reasons a buyer would pay closer to the top of the band than the bottom.

Each one is a good thing. Each one is also a thing that becomes provable at diligence time — buyers pay premium multiples for the strengths they can verify, not the ones you tell them about.

You can predict next month's revenue within ~10% — most of it recurring or contracted.

Why a buyer pays for it: Predictable revenue is the single cheapest thing to pay a premium for.
Make it provable: Export 12 months of forecast-vs-actual into one chart; date it.
From your answer: “Within ~10% — most of it is recurring or contracted.”

The business ran five or more full days last month without you.

Why a buyer pays for it: Owner-free days are the vacation test pre-passed.
Make it provable: Keep a dated "owner-away log" — days off, incidents (even none). It's evidence, not a diary.
From your answer: “Five or more.”

Revenue is up more than 20% on two years ago.

Why a buyer pays for it: The trend sets the multiple's ceiling; yours points up.
Make it provable: One revenue-by-quarter chart, 3 years, accountant-stamped.
From your answer: “Up more than 20%.”

Your most important role is written down well enough to follow.

Why a buyer pays for it: Documented key roles remove the scariest single point of failure.
Make it provable: Date-stamp the runbook and note the last stranger-test.
From your answer: “Nearly all — someone could follow it.”

You could hand over three clean years of financials same-day.

Why a buyer pays for it: Fast, clean financials shorten diligence and shrink the quality-of-earnings discount toward zero.
Make it provable: Keep the three-year pack as one current PDF — the "send it today" file.
From your answer: “Same day — they exist and reconcile.”
07 · The sequence out

What to do first, next, and later.

Ordered by effort first, dollars second — small moves lead even when the amount is modest, because momentum compounds and sequencing beats optimising. The ledger in Section 5 tells you what each fix is worth; this section tells you the order to attack them in.

Now (this month)

Some personal expenses run through the business

S effort$9,310 impact

Separate fully, then prove a clean quarter.
How
  1. Open/repurpose a personal account; move every personal-standing charge today.
  2. Set your own compensation as a fixed monthly transfer.
  3. Run one quarter with zero personal items in the business ledger.
Who
Owner, one afternoon + discipline.
Done when
One clean quarter, confirmed by the accountant in writing.
From your answer: “Substantially mixed.”

Prices haven't moved in over two years

S effort$9,310 impact

Prove pricing power on a low-risk segment.
How
  1. Rank segments by price sensitivity.
  2. Raise 5–10% on the two least sensitive.
  3. Track 90-day retention; document the result either way — a measured test is itself an asset.
Who
Owner.
Done when
One documented raise with retention numbers attached.
From your answer: “Longer ago than 2 years.”

Key supplier ties are partly personal

M effort$10,862 impact

Convert goodwill to contract.
How
  1. List the five relationships that would hurt most to lose.
  2. At each renewal, formalise terms in writing and add your second-in-command, or the person closest to one as named contact.
  3. Where no contract is customary, write a one-page terms memo and have both sides initial it.
Who
Owner.
Done when
All five have written terms and a second named contact.
From your answer: “Mostly me personally.”

Some errors reach customers

M effort$7,759 impact

One pre-customer check on the worst offender.
How
  1. Log errors for a month; find the process producing most.
  2. Insert one named check before hand-off (second look, checklist gate, photo confirmation).
  3. Measure the drop.
Who
Process owner.
Done when
Customer-caught errors on that process fall measurably for a quarter.
From your answer: “Me, when I happen to look.”

Next 90 days

One platform or supplier matters a lot

L effort$7,759 impact

Stand up the second leg.
How
  1. Rank alternatives by realistic volume.
  2. Launch the best one at small scale now — the point is existence, not share.
  3. Target 15% of volume through it within two quarters.
Who
Owner.
Done when
The second channel/supplier carries a tracked, non-trivial share.
From your answer: “One is critical — losing it would hurt badly.”
08 · Timeline & the as-is scenario

What sale today looks like, and what the sequence changes.

Time to fully-ready: 6-12 months to lift to premium.

Selling today, as-is. Selling as-is today, the business commands a clean multiple with a normal-length process. Time on market: 3-6 months. Earnout risk moderate.

After the sequence. $1,065,000 to $1,305,000 — the range the sequenced fix list opens up. This is the readiness ceiling, not a market ceiling: the business could still command more with genuine growth on top, but a buyer will always price against the answers, not the aspirations.

At your equity — what actually lands with you — the sequence moves the number from roughly $1,040,000 to roughly $1,085,000. The debt doesn't grow with the value; every dollar of the lift is yours.

09 · Honest close

How this report expects to be used.

What this report is, and isn't. The valuation range in this report is an indicative estimate. It is based on the information you provided — unverified — and on published market data for completed transactions in your industry. It is deliberately conservative, and it is not a formal business valuation or appraisal. It does not meet the standards required for tax filings, legal proceedings, disputes, financing applications, or the execution of a sale. For any of those, engage a credentialed valuation professional (CVA or ABV in the US, a RICS-registered valuer in the UK, an accredited business valuer in Australia). What this report gives you is what an appraisal doesn't: a plain answer on whether the number is worth improving before anyone official ever looks at it.

This report is one operator's read on a small set of buyer-standard questions. It is worth what a diligent read is worth — no more, no less. If the numbers or the framing look off, email info@axiro.cc and we'll rerun it against your restatement, no charge.

The Exit Readiness Program

The Assessment is the diagnostic. The Program is the delivery — Axiro operators inside the business, closing the gaps this report names, ready by exit time.

Learn about the ProgramAxiro Fractional CFO

Financial Quality is the weakest domain on this assessment. If the priority is fixing that specifically — books, margin, recurring share — a fractional CFO engagement is a faster and cheaper path than the full Program. Both options are above.