Black Banner Financial Independent Financial Due Diligence
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Boutique diligence for business & real-estate acquisitions

Quiet confidence, loud clarity.

Black Banner Financial delivers buyer-side diligence that focuses on what matters: real cash flow, defensible earnings, and deal-breaking risk—before you close.

Get a quote in 24 hours → See what’s included Book a call
Flat-fee • no success fees Buyer-side only Decision-grade memo + model
Credibility: CPA candidate (in progress) • Transaction-oriented accounting background • Conservative, decision-first underwriting.

Services

Independent, non-attest financial analysis designed to confirm cash flow and surface risk—without conflicts.

Business Acquisition Diligence

Validate EBITDA and assess earnings quality before closing.

  • Normalized EBITDA bridge (add-backs review)
  • Revenue quality (concentration, retention, pricing)
  • Expense structure and sustainability
  • Working capital & cash conversion review
  • Seller question list + red flags

Real Estate Cash-Flow Diligence

Confirm rent, expenses, and true NOI/cash performance.

  • Rent roll / lease abstraction review
  • Expense normalization & reserves
  • NOI bridge and vacancy sensitivity
  • CapEx/repairs visibility checklist
  • Downside scenario underwriting

Seller-Ready Financial Cleanup

Improve credibility and reduce late-stage retrades.

  • 3-year P&L cleanup and normalization
  • Owner comp & discretionary spend schedule
  • Revenue/expense classification fixes
  • Basic KPI pack (as applicable)
  • Data room checklist
Service boundary: Black Banner Financial provides independent financial analysis only. We do not broker transactions, raise capital, or provide success-fee services.

Process

Simple inputs. Fast analysis. Clear output.

What we request

A basic data room—no perfection required.

  • Last 3 years P&L + YTD
  • Balance sheet (if available)
  • Bank statements (selected months)
  • Revenue by customer (if available)
  • Payroll summary + owner comp details
  • For RE: rent roll + trailing-12 expense detail
01
Scope & quote We align on timeline, complexity, and deliverables.
02
Analysis Normalize earnings/NOI, test assumptions, and surface risk.
03
Delivery + readout Memo + model + seller question list, then a walk-through call.

Pricing

Flat-fee packages. Final quote depends on complexity and data quality.

Starter Review

$750–$1,500 flat

Light diligence for smaller deals or early screening.

  • High-level normalization
  • Top risk flags
  • Seller question list
Best for: early LOI, micro SMB, single SFH/duplex.

Standard Diligence

$2,000–$5,000 flat

Decision-grade diligence memo + model.

  • 5–15 page memo + schedules
  • Bridge + sensitivities
  • Readout call included
Best for: $500k–$5M acquisitions, small MF, mixed-use.

Enhanced / Portfolio

$5,000–$12,500 flat

Multi-entity, multi-property, or messy data. Deeper testing.

  • Portfolio roll-up
  • Deeper cash conversion / WC focus
  • Optional weekly check-ins
Best for: portfolios, complex service businesses, layered revenue streams.

Sample diligence brief

Use this as a quick reference for structure and level of detail. (Replace with your real sample PDF when ready.)

Download: Sample IFDD Memo (PDF)
Placeholder file name: sample-ifdd-memo.pdf
Download sample →
Note: Upload your real PDF to Netlify in the same folder as index.html (or link to a Google Drive file) and keep this button.

Book a call

Pick a time. We’ll confirm scope, timeline, and next steps.

Setup: Replace the Calendly link below with your own. Search for https://calendly.com/blackbannerfinancial-info/30min in this file.

FAQ

Clear answers—no ambiguity.

Are you a broker or investment advisor?

No. We provide independent financial analysis for informational purposes only. We do not broker transactions, raise capital, or provide success-fee services.

Do you need perfect books for diligence?

No. Many SMB and smaller real-estate deals have imperfect records. We focus on normalization, consistency checks, and conservative underwriting with clear limitations.

What do you deliver?

A diligence memo (typically 5–15 pages), supporting schedules/bridges, an underwriting model, and a seller question list. A readout call is included for standard packages.

How fast can you turn this around?

Typical turnaround is 3–7 business days after receiving required documents, depending on complexity. Rush options may be available for smaller scopes.

Request a quote

Tell us what you’re buying and your timeline. We’ll respond with a scope and flat-fee quote.

If upload doesn’t go through (depends on plan/settings), submit the form anyway and email the file to hello@blackbannerfinancial.com.
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Privacy: We keep your information confidential and use it only to scope and quote your diligence request.

Fastest quote checklist

  • Deal type + price range
  • Revenue/NOI (TTM or last year)
  • Record quality (honest)
  • Close date / LOI timeline

Service boundaries

  • Non-attest financial analysis (no audit/opinion)
  • No brokerage, no capital raising, no success fees
  • Informational use only
Tip: If you have a CIM, broker package, rent roll, or T12, attach it or mention it—those speed up scoping a lot.