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    Bar chart comparing a founder's $13 million expected adjusted EBITDA to a buyer-normalized $7 million EBITDA in a hypothetical, illustrative example of business-sale add-back diligence.

    How "Adjusted" EBITDA  Can Cut Your Busi...

    3 min read

    The EBITDA figure a founder carries into a sale and the EBITDA a sophisticated buyer's diligence team is willing to underwrite are rarely the same number. The gap opens in the add-backs: owner compensation, one-time expenses, and revenue la...

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