Seal

The seller's tax returns came in this morning.
Seal gets you to market tomorrow.

Drop in tax returns and P&Ls. You get a teaser and a CIM in your own voice and format, with every number showing where it came from.

Start a free trial30 days free. No card.

Teaser and CIM

Seal writes the teaser and the CIM from the same documents.

Click any number and Seal shows how it was built and which page each line came from.

The blind teaser goes out first, to buyers who haven't signed an NDA yet. Seal writes it from the same documents as the CIM, so there's no extra work.

Beacon Specialty Foods
page 1 of 14Draft: 12 numbers to check

Confidential Information Memorandum

Beacon Specialty Foods

Private-label sauce and dressing manufacturer in Cobb County, Georgia

Financial summary

Revenue, 2024$3,940,000
Revenue, 2025$4,180,000
Seller's discretionary earnings, 2025$912,400
Asking price$2,700,000

The business

Beacon Specialty Foods has made private-label sauces and dressings for regional grocery chains and food service distributors since 2009. The company runs a single 18,000-square-foot plant on a lease that runs through 2031, with an option for five more years.

Eleven of its fourteen employees have been with the business more than three years, and the plant manager has run day-to-day production since 2016. The four largest accounts were 62% of 2025 revenue, and the owner handles all four personally. The owner works about thirty hours per week and has agreed to stay on for a six-month transition.

SDE build

SDE $912,400

Net income plus add-backs, year ended December 31, 2025.

Net income$624,100

2025 tax return, Form 1120-S, line 21

Owner's compensation+ $180,000

2025 payroll register

Owner's vehicle and travel+ $22,400

2025 P&L

Depreciation+ $61,300

2025 tax return, Form 4562

Legal fees, one time+ $24,600

2025 P&L, added by you

Seller's discretionary earnings$912,400

Confidential business opportunity

Private-label food manufacturer

Southeast · Established 2009 · Fourteen employees

Revenue

$4.0M to $4.5M

SDE

$850K to $1M

Asking price

$2,700,000

Manufactures private-label sauces and dressings for regional grocery and food service accounts across the Southeast. The plant is leased with several years of term left, and a full-time production manager runs it.

The owner works part time and will support a transition. Buyers must sign a non-disclosure agreement before further information is released.

What Seal took out

The CIM's facts, replaced or taken out.

Cobb County, Georgia

Southeast

Revenue $4,180,000

$4.0M to $4.5M

18,000-square-foot plant

Removed

Lease runs through 2031

Term remaining

The four largest accounts

Regional grocery and food service

Plant manager since 2016

A production manager in place

Beacon Specialty Foods

The CIM's facts, replaced or taken out.

CIM (14 pages)Blind teaser (2 pages)
Beacon Specialty FoodsPrivate-label food manufacturer
Cobb County, GeorgiaSoutheast
Revenue $4,180,000$4.0M to $4.5M
SDE $912,400$850K to $1M
18,000-square-foot plantRemoved
Lease runs through 2031Term remaining
The four largest accountsRegional grocery and food service
Plant manager since 2016A production manager in place

Sample data.

Where the numbers come from

Check every number without rebuilding it.

Seal keeps a record of where every fact came from, who said it, and when.

When a number has nothing behind it, Seal flags it and asks for the document.

Piedmont Coatings Group

$16.4M enterprise value

Net income

2025 tax return, Form 1120

$1,668,000

Interest

2025 P&L

+ $268,000

Taxes

2025 tax return

+ $586,000

Depreciation and amortization

2025 fixed asset schedule

+ $394,000
EBITDA$2,916,000

Owner's compensation above market

2025 payroll register

+ $190,000

ERP implementation, one time

The seller says $74,000. Seal needs the vendor invoice before it counts.

Not counted
Adjusted EBITDA, supported$3,106,000
If the invoice supports it$3,180,000

Sample data.

One number, used everywhere

Change a number once. Seal carries it from then on.

A number lives in one place in Seal, and every document that uses it reads from there. Change it once and the listing card, the CIM, and the teaser all update as needed.

Beacon Specialty Foods

You changed

Seller's discretionary earnings

$887,800→$912,400

Added legal fees, one time + $24,600

Your listing card$888K→$912K
Your asking multiple3.04x→2.96x
The CIM$887,800→$912,400
The blind teaserNo change$850K to $1M

Sample data.

Your templates

Seal works from your own templates.

Your format, and the way you write

Send as many of your old teasers and CIMs as you like, and Seal follows their structure and phrasing from then on.

Seal carries your cover page, logo, and fonts into every document it writes.

Your NDA, sent and tracked

Your buyer NDA comes from your own template. Seal already has the names and the dates, so you aren't typing them again.

Seal sends it to each buyer and keeps a list of who signed and who hasn't.

Put Seal on a deal you're already working.

Design partner spots are $49 per broker per month for as long as you stay.
The trial is 30 days, no card, and starts once your book is in and your inbox is connected.