Screened
in minutes.

AI-powered deal screening for anyone evaluating a business to buy. Upload a CIM, financial summary, or broker listing URL and receive a scored deal card with industry research, red flags, and a deal memo. The 45 minutes you spent on a single CIM is now 5.

7 freescreens
15 factorsscored across 3 pillars
2–5 minto a full memo
live
Project Laurel · Building Maintenance · PA
A franchise rollup
worth a closer look
3.36
/ 5.00
Further analysis
Flag · Customer concentration
Top 3 accounts = 58% of revenue. Loss of any single account would impair debt service in Year 1.
Revenue
3.6
Operating
3.0
Returns
3.4
Screened in 4m 12s 15 factors · 4 red flags
CIM uploadBizBuySell URL pasteFlippa listingAxial deal flow15-factor scoringRed flag detectionIndustry researchLBO modelEquity waterfallPDF export CIM uploadBizBuySell URL pasteFlippa listingAxial deal flow15-factor scoringRed flag detectionIndustry researchLBO modelEquity waterfallPDF export
How It Works

From listing to scored deal, in three steps.

I

Upload or paste
deal information

Drop a PDF or paste listing details from BizBuySell, Flippa, Axial, or any broker site and run Turnstone.

→ CIMs & teasers → Excel financials → Broker descriptions
II

Screen deal using our proprietary framework

Extracts financials, scores 15 qualitative factors across three pillars, flags risks, and researches the industry live.

→ Revenue Quality → Operating Model → Return Levers
III

Review the deal
& decide

Get a scored deal card, industry analysis, and valuation context. Decide to pass or pursue a deal in minutes.

→ Deal memo PDF → LBO model → Pipeline tracking
Features

Everything you need to screen smarter.

Purpose-built for business buyers. From your first listing on BizBuySell to your hundredth proprietary deal.

01 · Scoring

15 factors.
3 pillars. One score you can defend.

Each factor is rated 1–5 with confidence tags and rationale. The same framework runs on every deal in your pipeline, giving you a clean way to assess deal quality across industries.

Revenue
3.6
Operating
3.0
Returns
3.4
02 · Ingestion

Document analysis

CIMs, teasers, broker packages. PDF, Excel, URL.

03 · Risk

Red flag
detection

Surfaces issues before you waste a full day or week on a deal.

Customer concentration
Owner dependency
Aggressive add-backs
04 · Research

Live industry research

Market size, multiples, competitive dynamics, regulatory risk — pulled for every deal's sector.

HVAC services Building maintenance Env. abatement 2.8x SDE median
05 · Pipeline

Deal pipeline tracking

Every deal from initial screen through LOI. Sort by score, filter by stage, compare side-by-side.

06 · Modeling

LBO & equity waterfall: adjust assumptions and see returns instantly.

Model SBA-backed buyouts and equity distributions on every deal. Senior debt, seller notes, earn-outs, sensitivity tables.

37.7%
Sample IRR
4.95x
MOIC
5yr
Hold period
Pricing

Simple. Transparent.

Start free. Upgrade when you're ready to screen at scale.

Introductory

For your first deals.

$0 to start

7 lifetime screens · no card required

  • 7 deal screens
  • PDF upload & URL paste
  • Full pipeline access
  • LBO & waterfall models
Get started free
FAQ

Frequently asked.

01What is AI deal screening?

+

AI deal screening uses artificial intelligence to analyze business acquisition documents (CIMs, financial summaries, and broker listings) and produce a scored deal card with red flags, industry research, and a recommendation in minutes instead of the hours it takes manually.

02How does Turnstone screen a CIM?

+

Turnstone extracts financial data from your uploaded document, scores the deal across 15 qualitative factors grouped into three pillars (Revenue Quality, Operating Model, and Return Levers), flags risks like customer concentration or declining revenue, and researches the industry, all automatically in about 5 minutes.

03How long does it take to screen a deal?

+

Most deals are fully screened in 2 to 5 minutes. PDF uploads run faster (2–3 min) while URL screens take slightly longer (3–5 min) because they include live web research. Manual screening of the same deal typically takes 45 minutes to an hour.

04What types of documents can I upload?

+

PDFs (CIMs, teasers, broker packages), Excel spreadsheets, Word documents, CSV files, and images. You can also paste a listing URL from BizBuySell, Flippa, Axial, or any broker website and Turnstone will extract the data directly.

05How much does Turnstone cost?

+

A free Introductory tier with 7 lifetime deal screens, no credit card required. The Pro plan starts at $9.99/month plus $0.50 per screen for the first 3 months, then $24.99/month plus $0.50 per screen. Most users screen 10–20 deals per month.

06Is my deal data secure?

+

Yes. Turnstone uses row-level security in PostgreSQL so each user's data is isolated at the database level. Authentication is handled by Auth0, documents are stored in encrypted private buckets, and AI processing happens through Anthropic's API which does not train on your data. See our security practices page for full details.

07Who is Turnstone built for?

+

Anyone evaluating a business to buy: search fund entrepreneurs screening 50+ deals/mo, independent sponsors reviewing broker deal flow, first-time buyers on BizBuySell or Flippa, and M&A advisors managing client pipelines. If you're reading CIMs, Turnstone saves you time.

08How is this different from screening manually?

+

Manual screening means reading a 30-page CIM, building a spreadsheet, researching the industry, and forming a view, typically 45 minutes per deal. Turnstone automates all of this with consistent methodology across every deal in your pipeline.

Turnstone Insights

Free weekly publication. Deal teardowns, in your inbox.

Every week we screen a real, publicly listed business on Turnstone Insights. See exactly how the scoring works, where the red flags hide, and whether we'd recommend advancing to diligence — before you sign up.

Subscribe on Substack

Free. Unsubscribe anytime.

Issue 14 March 8, 2026

Deal of the Week: A $4.5M Environmental Abatement Company Worth Negotiating

Asking 4.5x SDE on a 45-year-old environmental services company with five operating divisions. The headline multiple looks fair — until you examine the EBITDA adjustments.

→ Read on Substack