TrueQoE First Pass · Pre-LOI Financial Analysis

You Found a Business You Might Buy.
Now Test the Numbers.

The seller says the business earns a certain amount.

Before you price the deal around that number, find out what the financial evidence actually supports.

TrueQoE analyzes the seller's financial package, tests material adjustments and add-backs against the available evidence, and shows you what still needs to be proven.

For buyers with a live deal and seller financials in hand.

Analyze My Deal

Starting at $799. Findings typically within 3 business days of a complete package.

The Seller Says EBITDA Is $600,000. Is It?

The business doesn't have to be bad for the deal to be bad.

A questionable add-back. A recurring expense presented as one-time. Family payroll. Owner compensation. Rent. Vehicles. Revenue that doesn't reconcile cleanly.

Any one of them can change the earnings you are actually buying.

And if the earnings change, the price, debt capacity, return, buyer equity, or seller note can change with them.

Choose How Deeply You Want to Test the Deal

Good

First Pass Snapshot

$799*

One look at one point in time.

You have a live deal and the seller's current financial package. Get a clear read on what the numbers appear to support today.

  • One TrueQoE analysis
  • Source-linked potential adjustments
  • Add-back and evidence analysis
  • Adjusted EBITDA / SDE range
  • Evidence gaps and diligence questions
  • Findings walkthrough
  • Complete report

Best for: An initial screen or a single decision point.

Choose Snapshot

Recommended

Better

First Pass Double Check

$1,250*

Check it now. Double-check it as the evidence develops.

Run the First Pass before the LOI. Then, as the seller provides additional diligence materials, run the deal again within 30 days.

  • Everything in Snapshot
  • One additional TrueQoE run within 30 days
  • Incorporate newly received diligence materials
  • Revisit previously open adjustments
  • See what was resolved, changed, rejected, or remains unsupported

Best for: Buyers actively working a deal where the evidence will develop.

Check it before the LOI. Double-check it when more evidence arrives.

Choose Double Check

Best

First Pass Assisted

$2,500*

Double Check + experienced professional review.

  • Everything in Double Check
  • CPA/CFA-assisted review
  • Professional participation in findings discussion
  • Additional scrutiny of adjustments, evidence, and open items

Best for: Higher-stakes or more complex transactions.

Choose Assisted

*Prices shown are for single-transaction engagements. Volume pricing is available for buyers, searchers, firms and other users with recurring transaction volume.

Payment is collected on your deal-fit call, once we confirm the deal is a fit.

First Pass Assisted is not an audit, attestation, valuation, CPA opinion, or CPA-issued Quality of Earnings report.

Every Add-Back Is a Claim

Seller Add-Backs
Personal vehicle expenseDocumented
Family member on payrollNeeds support
"One-time" consulting feesUndocumented

A spreadsheet can add all three back to earnings.

TrueQoE asks a different question: What evidence supports the adjustment?

You Don't Need Another Report. You Need a Better Decision.

  • Keep going. The evidence supports continuing.
  • Ask for more. Important claims need documentation.
  • Change the economics. The earnings picture may support a different price or structure.
  • Walk away. The deal may no longer deserve your time or capital.

The platform documents. People decide.

Analyze My Deal

From Seller Financials to a Better Decision

  1. Book your deal-fit call.

    Pick your tier and book a time. On the call we confirm the deal is a fit, collect payment, and send your secure upload link.

  2. Send the financial package.

    P&Ls, tax returns, add-back schedule, CIM financials, and whatever else the seller has provided.

  3. We run the First Pass.

    TrueQoE organizes the financials, tests material adjustments, and identifies evidence gaps.

  4. Review the findings live.

    See what appears supported, what remains open, and what questions to take back to the seller.

  5. Decide what happens next.

    Continue, request more evidence, rethink the economics, or stop.

Double Check: when more diligence arrives, send it back within 30 days and we rerun the analysis.

Mark Hirsch, founder of TrueQoE

Built by a Buyer, for Buyers

"I built TrueQoE because I kept encountering the same problem while buying owner-operated businesses: the seller had an earnings number, the broker had an earnings number, and I needed to know what those numbers actually rested on before committing more time and capital.

TrueQoE grew out of that problem."

— Mark Hirsch, Founder

What First Pass Is — and Isn't

First Pass is:

  • decision support
  • early-stage financial diligence
  • pre-LOI analysis
  • source-linked evidence analysis

It is not:

  • an audit
  • an attestation
  • a valuation
  • a CPA-issued Quality of Earnings report
  • a lender-required QoE
  • a substitute for formal diligence where formal diligence is warranted

TrueQoE provides financial analysis and decision-support information. It is not an audit, review, compilation, attestation, valuation, legal opinion, tax opinion or lender-required Quality of Earnings report. TrueQoE does not replace professional accounting, legal, tax, lending or other transaction advice. Buyers should engage appropriate professional advisers as circumstances require.

Before You Price the Deal Around the Seller's Earnings, Test Them.

Bring Us My Deal

Live deal + seller financials required.

*Prices shown are for single-transaction engagements. Volume pricing is available for buyers, searchers, firms and other users with recurring transaction volume.