Business valuation report
HarborWorks Components LLC
Illustrative succession planning · Valuation date: August 31, 2026 · Prepared for demonstration only
01 · Executive summary
A range, with the reasoning visible.
A precision components manufacturer with defensible certifications, embedded customer programs and an opportunity to reduce concentration through a new end market.
Conclusion shown on an enterprise value basis. Cash, debt and non-operating assets require a separate enterprise-to-equity bridge.
02 · Historical performance
Growth becomes valuable when quality follows.
| Period | Revenue | Adjusted EBITDA | Margin |
|---|---|---|---|
| FY23A | $9.8m | $1.3m | 13% |
| FY24A | $10.7m | $1.6m | 15% |
| FY25A | $11.8m | $1.9m | 16% |
| FY26E | $12.6m | $2.1m | 17% |
03 · Valuation methods
Triangulate evidence instead of worshipping one formula.
The conclusion considers the relevance and quality of each method, the subject company’s maturity, observable market data and the purpose of the analysis.
04 · Drivers and risks
Value is a conversation between opportunity and uncertainty.
Primary value drivers
- Certifications and qualification cycles support switching costs
- Backlog provides near-term visibility
- Recent automation supports margin improvement
- New medical-device program diversifies end-market exposure
Principal risks
- Largest customer represents 27% of revenue
- Meaningful maintenance capital expenditure
- Skilled labor availability remains constrained
- Owner retains several key commercial relationships
05 · Selected assumptions
The conclusion is only as useful as its assumptions are transparent.
- Normalized EBITDA includes $0.3m of owner and one-time adjustments
- Long-term revenue growth is 4%
- Maintenance capital expenditure equals 3.2% of revenue
- Surplus cash and interest-bearing debt are excluded from enterprise value
06 · Reconciliation and limitations
Professional judgment belongs in the open.
The illustrative midpoint reflects the method weights shown above. A real engagement would document data sources, normalization adjustments, forecast support, comparable-company selection, discounts or premiums, non-operating assets, net debt and permitted reliance in materially greater depth.
This example is not compliant with any specific tax, litigation, financial-reporting, 409A, SBA, fairness-opinion or regulatory requirement.