A $250,000 minimum ends The Docket's review before a deal is scored, however good the deal looks.
A minimum says nothing about quality. Why it still works as a hard line is in the article.
post.getthedocket.com/p/article-023a

The same $1,050,000 asking price as in Docket No. 023. Stated SDE has moved from $285,000 to $330,000, with no explanation.
EBITDA of $369,876 still sits above SDE, which is the wrong way round.
Score: 52/100.
post.getthedocket.com/p/deals

Investors in the same building are not paid in the same order. The capital stack, the fees and the waterfall set it.
The article walks through who is paid first.
post.getthedocket.com/p/article-022a

A $20,000,000 private raise by a real estate income trust, first sale October 2021. Four of its five named directors are independently confirmed.
The filing states no strategy, fee or price.
Score: 60/100.
post.getthedocket.com/p/deals

A $13,000,000 Form D raise with one named principal, independently confirmed as the chief executive of a family office.
Nothing public connects that person to this vehicle, and the filing states no strategy or fee.
Score: 50/100.
getthedocket.com

Market Conditions carries 25 of 100 points, the smallest of the three pillars, on purpose.
The reason is in the article, and it changes how a score should be read.
post.getthedocket.com/p/article-021a

$2,175,000 asking price, 2.97x a stated $732,627 SDE on $2,625,996 of revenue, a 27.9% margin.
The title says semi-absentee. The listing never says who runs the crews, and the owner offers six weeks of training.
Score: 52/100.
post.getthedocket.com/p/deals

Two listings can state the same earnings and price differently. SDE adds back the owner's pay. EBITDA does not.
Which number a listing leads with tells a reader something before the price does.
post.getthedocket.com/p/article-020a

Five tire stores, $5,108,556 of revenue, $885,294 asking price. Stated SDE of $210,886 is 4.1% of revenue.
The listing itself says the three established stores underperformed under absentee ownership.
Scored below fifty.
getthedocket.com

Five salons, fully absentee with a manager in place. $1,100,000 asking price, 3.55x a stated $310,000 SDE.
The header gives revenue of $1,200,000. The text says about $1,100,000. Thirty-four staff share it.
Score: 59/100.
post.getthedocket.com/p/deals

A claimed exit can look real, sound real and still fail The Docket's two-point standard. There are three ways it happens.
The article names all three.
post.getthedocket.com/p/article-019a

$500,000 asking price, 1.96x a stated $255,745 SDE, with seller financing offered.
Nine months of 2026 sales annualize to about $711,000, 23% below the $922,239 of history that SDE rests on.
Score: 51/100.
getthedocket.com

Buying a small business is the one deal type The Docket covers where the investor does not get to be passive. The buyer takes the owner's job.
What that does to a listing's price is in the article.
post.getthedocket.com/p/article-018a

$2,200,000 asking price. The seller's adjusted EBITDA of $872,707 puts the multiple at 2.52x.
The listing gives no SDE, so the adjustments behind that figure are the open question.
Score: 65/100.
post.getthedocket.com/p/deals

On an illustrative $100,000 syndication investment, a 5-year hold and an 8% preferred return, one undisclosed fee line can move the investor's final profit by thousands of dollars.
The math is in the article.
post.getthedocket.com/p/article-017a

15.00% to 16.50% coupon. 9-month term. $500 minimum. Senior secured, per the platform's materials.
Principal does not begin to amortize until April 30, 2027, so most of the term pays interest only.
Score: 67/100.
post.getthedocket.com/p/dossier-024

Twenty-nine deals sourced this week. Eighteen scored.
Two On the Docket. Seven Worth Watching. Nine Not Cleared.
The lead: a nine-month senior secured consumer loan note from a repeat borrower, the fourth of its kind to clear the line.
post.getthedocket.com/p/deals

$1,395,000 asking price. $440,140 SDE on $2,035,144 revenue, a 3.17x multiple.
Rent of $152,244 a year is 34.6% of stated SDE, on a lease running to 2036.
Score: 62/100.
getthedocket.com

Two same-day Form D filings, $12,000,000 in aggregate, nothing sold. All six named individuals are independently confirmed as partners of one venture firm.
No minimum, strategy or fee is disclosed.
Score: 57/100.
post.getthedocket.com/p/deals

$1,000,000 asking price. $353,212 SDE on $800,000 revenue, a 44% margin.
About 40 children at the listing's stated $1,100 a month implies roughly $528,000 of private-pay revenue.
Score: 55/100.
getthedocket.com