Mandate II · 24-month programme · By engagement

Exit Preparation Programme

Designed to move your valuation multiple from the 2.5x baseline to 4x or higher: SDE maximisation, operational documentation, buyer-aligned positioning, and go-to-market preparation including broker selection.

2.5–4xSDE — where most FBA businesses trade in 2026
5–7xWhat top-quartile exits command through pre-sale preparation
180Days of buyer diligence you will face
The market reality

The 2021 gold rush is over — and pretending otherwise costs sellers real money. Aggregators that once paid 4–6x SDE for any decent FBA brand have consolidated, pulled back, or gone through Chapter 11; today’s buyers price 30–40% below those peak multiples, and most FBA businesses now trade at 2.5–4x SDE.

But the top quartile still commands 5–7x — through systematic pre-sale optimisation, not luck. The premium goes to brands where no single ASIN carries more than 20–30% of revenue, financials are accrual-clean, operations are documented, and there is proof of life off Amazon. One published analysis puts the return on pre-sale financial clean-up at 10–20x its cost in valuation impact.

Today’s buyer pool — the remaining aggregators, PE-backed platforms, family offices, strategics — runs 60 to 180 days of diligence. The programme spends 24 months making sure every question they ask has a documented answer, then runs the go-to-market including broker selection.

Data: 2025–2026 FBA transaction analyses (CT Acquisitions, Titan Network, sellerboard); ranges are market-typical.

The staircase buyers actually pay for: each step is a de-risking move — clean SDE, spread ASINs, documented operations, off-Amazon proof.

Decision tool

Exit Readiness Score

Seven questions buyers will ask. Directional — the programme replaces this with a full buyer’s-eye valuation bridge.

65
3.0–3.4xImplied multiple band
Fix first: ASIN concentration, then documentation.Highest-value moves
What you receive
A valuation baseline: your realistic multiple today, and the specific discounts buyers would apply.
SDE maximisation: add-back documentation, margin repair, and the clean accrual P&L buyers demand.
Concentration de-risking: ASIN, supplier, and channel — the three discounts that compress multiples.
The operational data room: SOPs, supplier terms, account health history — built before anyone asks.
Go-to-market: buyer mapping, broker selection, negotiation support through to completion.
24 monthsProgramme length
By engagementCommercial basis
12–36 months outIdeal starting point

Your multiple is being decided now

Every quarter of preparation compounds. Start the conversation 12–36 months before you want the wire.

Assess My Exit Readiness