The problem
By the time you can afford a real QofE, you've already spent two weeks on a deal that was never going to clear. Brokers are optimists. CIMs are sales documents. SDE add-backs are aspirational.
Tearsheet doesn't replace your accountant — but it gets you 80% of the way to a memo before you spend a dollar. Every memo cites where it's confident, flags where it's guessing, and ends with the questions you should be emailing the broker today.
What it does
Paste a listing or broker package. Get a full memo: business overview, SDE analysis, owner-transition risk, deal killers, recommended price bracket, pre-LOI diligence checklist.
Triage in 60 seconds. Fit score against your criteria, SDE quality, transition score, the 8-12 specific questions to email the broker before you do anything else.
Before you bid, know the niche. Typical SDE multiples, owner-transition norms, common deal killers in this industry, recommended acquisition thesis variants.
See representative outputs
Three published Tearsheet outputs generated from representative SMB acquisition scenarios. They are live product outputs, not client case studies; use them to judge structure, evidence labeling, arithmetic checks, and broker-question quality.
Houston metro · 14 routes · $420K SDE
Read the full memo$2.4M asking · 22 yrs · scoring against criteria
Read the full memoMultiples · transition norms · deal killers
Read the full memoEvery output runs through structured review prompts and deterministic checks. Unverified claims are flagged inline, and Deal Desk delivery is blocked until the quality gate passes.
Numbers are marked with confidence. Inferred SDE ranges are labeled as inferred. The memo tells you what it doesn't know, which is more useful than what it pretends to.
Pipeline steps are visible as they run, with tokens, cost, and elapsed time. Acquisition Memo includes an Evidence Ledger ground step so provided facts, derived checks, assumptions, and unknowns stay separated.
Pricing
For trying it on one deal
For active deal flow
For this week's active deal flow
Active Searcher ($299/mo, 250 memos) and Family Office ($599/mo, unlimited, 5 seats) also available · Email hello@usetearsheet.com to switch tiers