Listings / Newport, RI
Newport Sail Loft
Canvas, sails, and winter covers, small enough to buy with a note.
Marine services · Newport County · est. 1988
Sample listing. Fictional. Not an offer to sell a real business.
Sample listing. Fictional sail and canvas loft in Newport. Seasonal, skilled, and dependent on two cutters besides the owner.
- Small check
- Skilled crew
- Seasonal cash flow
Valuation context
An estimate from the illustrative Marine services SDE band (Band source: NewHands teaching assumption — illustrative planning range, not a market transaction comp dataset), not an appraisal. Customer concentration was not on the listing, so that adjustment was left at zero.
Low
$305,250
Midpoint
$404,250
High
$503,250
Asking price is $15,750 above the midpoint estimate (2.55× trailing SDE).
- Start with the illustrative Marine services SDE band (NewHands teaching assumption): 2.00× to 3.20×, midpoint 2.60×.
- Apply disclosed adjustments totaling -0.15 to each end of the band, then floor the multiple at 0.80×.
- Multiply seller's discretionary earnings of 165,000 by the adjusted band. That is the business value, not the real estate.
- Real estate is not included, so nothing is added after the multiple.
Estimate only. This is not an appraisal, a fairness opinion, or financial advice. NewHands is not a broker. A buyer, lender, or quality-of-earnings reviewer will use their own numbers.