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Strategy · 2026 – 2028

Path to a $30M exit in 3 years

The shape of the business CMG is building toward — the math, the milestones, the levers that get us from 1 pod today to a $30M-valuation services + AI agency in three years.

Working plan

Partner-only. Strategic positioning, not a guarantee. The cashflow assumptions trace to the 3-year cashflow model; the exit multiple traces to comparable AI-services transactions through 2026.

Target exit value
$30M
enterprise value
Target exit year
2028
end of Y3 / Q1 2029
EoY 2028 ARR
$9M
10 pods at full capacity
Implied multiple
3.3×
revenue / 12.5× EBITDA

The thesis

CMG is a services business with AI plumbing. The market pays a premium for two things at the same time: predictable recurring revenue, and proprietary technology that drives margin. We’re building both.

What we’re selling at exit: a 10-pod offshore delivery org running ~100 brand accounts on a productized retainer model, with Cusrich.AI as the proprietary platform underneath. The buyer gets recurring revenue, gross margins north of 60%, and a defensible AI moat that justifies a multiple above commodity-agency rates.

The math is achievable on the existing plan — no heroics required. The risk is in execution, not in the model.

The math · how we get to $30M

Two paths land at the same valuation. Either revenue multiple or EBITDA multiple works; the higher of the two wins.

Path A · Revenue multiple

EoY 2028 ARR10 pods × $62.5K/mo × 12
$9.0M
MultipleAI-services premium · 3–4× range
3.3×
Implied EV
$30M

Path B · EBITDA multiple

2028 net incomeFrom the cashflow model
$2.1M
EBITDA adjustmentsAdd back partner comp, normalize
+$0.3M
Adjusted EBITDA
$2.4M
Multiple12–14× for premium AI-enabled services
12.5×
Implied EV
$30M

3-year roadmap

From 1 pod ramping today to 10 pods at full capacity by EoY 2028. Each year has a job. Skip the job and the exit slips a year.

2026 · Launch + Ramp

Live April · 0 → 6 pods
EoY ARR
$3.6M
EoY pods
6
Revenue (year)
$1.76M
Net income
$393K
Must-hits
  • Pod 1 fills + becomes reference
  • Pods 2–6 staffed
  • First Delivery Lead onboards
  • Productized services live + selling
  • Cusrich.AI agents proven on clients

2027 · Scale

6 → 10 pods
EoY ARR
$7.5M
EoY pods
10
Revenue (year)
$6.85M
Net income
$1.78M
Must-hits
  • Pods 7–10 added
  • Two Delivery Leads in seat
  • Avg retainer up 8% (mix shift to premium)
  • Cusrich.AI agent catalog > 20 production agents
  • Sales hire to take the partners off deal-flow

2028 · Steady & Sell

10 pods at full + exit prep
EoY ARR
$9.0M
EoY pods
10
Revenue (year)
$9.0M
Net income
$2.1M
Must-hits
  • 3 quarters of clean financials
  • Bank engaged · LOI by Q3
  • Cusrich.AI productized & defensible
  • Founder dependence reduced · partners exit-ready
  • Top 3 clients < 30% of revenue

Levers that push the multiple up

A commodity services firm trades at 0.8–1.5× revenue. To clear 3× we need the multiple-expansion levers. Each is independently worth ~0.5× on the multiple if executed.

Lever 01

Recurring > project

By EoY 2027, >75% of revenue is monthly retainer (not project SOWs). Buyers pay premiums for revenue you can model out three years.

Lever 02

Proprietary AI platform

Cusrich.AI isn’t a side project — it’s a productized platform with named agents (see AI Agents Catalog), usage data, and a roadmap. Defensibility = multiple.

Lever 03

Margin discipline

Gross margin holds at 60%, net at 22%+. Pod cost-of-delivery doesn’t balloon as we add headcount. Documented in the cashflow model.

Lever 04

Client concentration low

No client > 15% of revenue. Top 3 < 30%. Buyers discount aggressively for concentration risk — eliminating it is straight multiple expansion.

Lever 05

Founder independence

Both partners reduce day-to-day dependency by Q1 2028. Delivery Leads + Sales lead are running the engine. Buyers want a business that doesn’t require the founders sticking around for 3-year earnouts.

Lever 06

Clean financials

Reviewed financials by 2027, audited by 2028. QuickBooks tidy, contractor classifications buttoned-up, IP assignment clean. Due diligence finds nothing.

Who buys CMG

Three buyer archetypes. Each cares about different things. Optimizing for all three keeps the auction competitive.

Strategic acquirer

DTC holdco, marketing roll-up, agency platform

Wants the client book + Cusrich.AI + the pod-model playbook. Pays the premium multiple. Examples: WPP, Stagwell, S4 Capital, Tinuiti, Power Digital.

PE roll-up

Mid-market PE building an agency platform

Wants clean recurring revenue + tuck-in potential. Pays slightly lower multiple but offers cleaner deal terms + faster close. Examples: Court Square, Insignia, Recognize, Inflexion.

AI / software acquirer

AI-native platform looking for services attach

Buys for Cusrich.AI + the embedded distribution channel. Highest multiple if positioned right, but narrowest set of buyers. Examples: Klaviyo, Attentive, Triple Whale.

What could prevent the exit

The plan works on paper. These are the things that take it off paper.

Working plan · updated quarterly at the L10 leadership review. Cross-reference: cashflow model for the underlying numbers, pod model for the unit economics, L10 tracker for the live scorecard and rocks.