Got it. Lots of factors to consider though as you know. Depends a lot on getting good financing and buying cheap. Buy a company for 3.5X free cash flow, finance it for 5 years at 10%, and you're barely making your debt payments. Pay 3X and you're doing much better. Pay 4X and you're insolvent. Assuming no growth of course. Maybe your plan is to improve it so you can sell it later for a higher multiple, but that's not easy and at that point you're flipping the business rather than buying it for its cash flow. Might as well just flip homes or buy rental property.