My calcs....$450k current earnings$150k synergies and marketing...

My calcs....
$450k current earnings
$150k synergies and marketing synergies
plussss....the $1m in capital not being utilised...plus I hear the seller is terminally ill and his wife's been running the business....so they have not been driving it hard...say...
$100k in other benefits
____________
$650k total benefit on $2.4m = 3.75x EBITDA purchase multiple = bargain buy!

minus a tiny dilution....

shall now fully model it all and will report back...