// Interactive financial model · drag any assumption

Verified — The Organic Floor (interactive)

This tool models the ORGANIC FLOOR — what Verified is worth if we prove the model but don't acquire (David ~1.8×). It is the downside reference, not the plan. The plan is the acquisition roll-up — deploy ~$10M into 9 firms → a ~$37M platform → ~2.8× — modeled in the Roll-Up model and the Financial Model section of the package. Drag the organic drivers to see how the floor moves. Every figure is illustrative — not a forecast, guarantee, or investment advice.

Scenario:

Assumptions

The building firm — Yr-5 revenue ($M)

Electric · pilot · 22%

Construction · KB-1 GC

Civil · A eng. · 14%

Plumbing · 20%

HVAC · 22%

Construction margin · self-perform

Other margins fixed per division. Order: Construction + Civil + Electric first, then Plumbing (Yr 2), then HVAC (Yr 3). The Strategic scenario reflects a strategic buyer paying a premium for the complete, licensed firm.

Overhead & comp

Steve base salary

+ $20k per live division (QP baked in). Runs Construction & Civil himself — no separate director.

Sarah (Ops Coord.) base

+ $10k per live division.

Field lead & admin (bench)

Construction/field lead + project admin, brought on a beat early as volume appears.

Other G&A (% of revenue)

Marketing, fleet, insurance/bonding + workers' comp, software, back office.

Deal & exit

Exit multiple (× EBITDA)

Net debt at exit

David — capital deployed

Of ~$10M committed; a ~$1.1M Stage-1 startup + gated Scale. The rest is reserved.

Preferred return

Steve — carry (share of upside)

Clean split; David gets the rest.

Hold period (years)

Yr 5 revenue

Yr 5 EBITDA

Exit enterprise value

David — return (MOIC)

David — IRR

Over the hold

Steve — exit proceeds

The engines (Year 5)

Where the revenue and EBITDA come from · $ millions

Engine	Revenue	Margin	EBITDA

Trajectory

Revenue and adjusted EBITDA by year · $ millions

Five-year projection

Illustrative · $ millions

Year	Electric	Constr.	Civil	Plumb.	HVAC	Total rev	Adj. EBITDA

The exit waterfall

Committed

~$10M

Deployed

Reserved

David

Capital back

Preferred (10%)

Profit split (60%)

MOIC / IRR

Steve

Operator carry

+ Salary (5 yr)

+ 5% annual bonus (5 yr)

How to read this. A bottoms-up, driver-based planning model of one complete building firm — five defined divisions, not a wishlist. Each has its own revenue ramp and comes online one at a time: Construction (KB-1 GC) + Electric carry Year 1 under licenses Steve already holds; Plumbing turns on in Year 2, HVAC in Year 3 as each qualifying party is set; Civil (A engineering) activates as civil work arises (Steve holds the A license). Adjusted EBITDA = contribution margins less overhead — Steve's salary ($220k + $20k per live division, QP baked in; he runs Construction & Civil himself, so there's no separate director), Sarah's Operations Coordinator pay ($60k + $10k per live division), a field lead + project admin brought on a beat early, AI tooling + a Remote Raven VA, and G&A (incl. full insurance + workers' comp). Steve also draws a 5% annual operator bonus on profit (shown separately; a buyer normalizes owner comp, so it's added back for the exit multiple). Exit value = your multiple × adjusted Yr-5 EBITDA (firm EBITDA + ~$0.6M owner-comp add-back) less net debt, valued sum-of-the-parts (service divisions higher, project lower); equity runs the waterfall on David's deployed capital → preferred → a clean split. Preferred and IRR reflect time-weighted (gated) draws, not a single t=0 entry. A complete, licensed firm can be sold whole, carved off by division, or kept and operated. All figures illustrative — confirm with a CPA and lender.