Exit proceeds are EBITDA times a multiple. Most operators only feel the first term —
the spend coming off EBITDA. Arm an investment below and watch the second term: the turn on the
multiple, which is usually the larger number. Nothing here is a quote; the mechanism is the point.
MFG/A EXIT MODEL · Owner → PE · · ILLUSTRATIVE — NOT A VALUATION
Your starting point
Three reports, three margins → the story multiple
Each one a new ERP to map, not a reporting rebuild — if a platform exists
Why it compounds
A platform your team owns is the asset your buyer keeps — so the turn shows up again at their exit, not just yours.
Arm the investments
Readout · MFG/A exit model
A — Hold
EBITDA$8.0M
Multiple6.0×
Version / support ding−0.5×
Proceeds$48.0M
B — Invest
EBITDA after spend$8.0M
Multiple + turns6.0×
Version ding cleared+0.5×
Integration avoided$0.0M
Proceeds$48.0M
Delta at exit$0.0M
Turns bought
+0.0×
Total spend
$0.0M
Return on spend
—
Illustrative · multiples vary by sector, size, and buyer · the mechanism does not. The spend is taken straight off EBITDA, exactly as the reflex fears.
Illustrative model of a mechanism, not a valuation, quote, or investment advice. Multiples vary by
sector, size, buyer, and process. Figures are the reader’s own inputs against default coefficients.
MFG Analytics · a practice of Up Analytics LLC · hello@mfg-analytics.com · mfg-analytics.com
This page records anonymous use of the model — which inputs were run, and the result — so we can
improve it. No name, email, phone, or company is collected, and nothing here asks for contact details.