This as an asset sale and the asking price includes work in process (WIP), Accounts Receivable & Accounts Payable and a significant order backlog and bid submittals. A review of the consolidated year-end balance sheet as of 12/31/2021 indicates a ?book value? of $5.6MM (conservatively neglecting Costs & Estimated Earnings in excess of billings on uncompleted projects of $1.1MM) and the business has a significant backlog of new business orders. The owners are ready to retire and directed us to aggressively market the business. At the asking price of $6.5MM, the business value (?goodwill?) is ~$700K, neglecting Costs & Estimated Earnings in excess of billings on uncompleted projects of $1.1MM. The asking price is dependant on the assets acquired as part of the transaction; e.g. should the seller retain AR the price would be adjusted.