Acquisitions Anonymous - #1 for business buying, selling and operating

Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley

Jump into the world of business acquisitions with hosts Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley. We review real businesses for sale in each episode, providing expert insights, strategies, and tips to make savvy business moves like the pros. Perfect for entrepreneurs, investors, and anyone interested in buying and selling businesses.

  1. 2 DAYS AGO

    The $6.5M OnlyFans AI Empire You Didn’t See Coming

    In this episode, the hosts break down a jaw-dropping $6.5M AI-driven OnlyFans agency for sale—raising questions about revenue math, adult industry risks, and whether it's genius or just gross. Business Listing – https://drive.google.com/file/d/1EXFqF7L2x2LeM5ncFNfDEqRk6iRhDHiT/view?usp=sharing Welcome to Acquisitions Anonymous – the #1 podcast for small business M&A. Every week, we break down businesses for sale and talk about buying, operating, and growing them. 💰 Sponsored by: Verivend — the platform built for independent sponsors and private market investors to move faster and cut out friction. From raising to returning capital, Verivend streamlines investment management with instant, secure payments and automatic reconciliation. It’s like Venmo for capital calls, deployments, and distributions — all with no transaction limits. Learn more at https://www.verivend.com. Capital Pad – Buying a small business and need funding? Or looking to invest in others' deals? Capital Pad is the go-to marketplace for acquisition entrepreneurs and investors. It handles all the legal and governance headaches so you can focus on deals. Backed by entrepreneur Travis Jamison. Check out https://capitalpad.com and tell them Acquisitions Anonymous sent you! What happens when an AI-enabled "talent agency" for OnlyFans creators hits the market at a $6.5M price tag? The AcqAnon crew dives headfirst into this uniquely controversial listing based in Australia, uncovering a 2023 startup with $4.5M in revenue and 30%+ EBITDA margins—on paper, anyway. Key Highlights: - Asking Price: $6.5M on $1.46M EBITDA (4.4x multiple) - Revenue: $4.5M AUD, 80% one-time licensing, 20% backend profit share - Location: Australia, with global customer base - Risks: Adult industry compliance issues, high churn, no bank/SBA financing - Unique Angle: First-mover AI tooling for digital “OnlyFans managers” Subscribe to weekly our Newsletter and get curated deals in your inbox Advertise with us by clicking here Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel. Do you enjoy our content? Rate our show! Follow us on Twitter @acquanon Learnings about small business acquisitions and operations. For inquiries or suggestions, email us at contact@acquanon.com

    32 min
  2. 5 DAYS AGO

    Would You Risk Millions on This IV Clinic Franchise?

    In this episode, the hosts dissect a $12M IV therapy franchise deal in oil-rich Midland, Texas—and uncover a mix of sketchy math, questionable branding, and a saturated niche market. Welcome to Acquisitions Anonymous – the #1 podcast for small business M&A. Every week, we break down businesses for sale and talk about buying, operating, and growing them. 💰 Sponsored by: Verivend is the only platform purpose-built for independent sponsors and private market investors who want to move faster and eliminate friction. From raising capital to returning it, Verivend combines investment management and secure, instant payments—all in one place. Capital calls, deployments, and distributions work like Venmo: one-click, real-time transfers with no transaction limits and automatic reconciliation. Whether you’re raising a single deal or managing a full fund, Verivend gives you the speed and confidence to execute. Explore Verivend at https://www.verivend.com. Heron Finance – build a personalized private credit portfolio for steady monthly income—without the market rollercoaster. In minutes, take a quiz, see your custom plan, and invest in 12+ top-tier funds from managers like Ares, Apollo, and KKR, overseeing $1T+ with loss rates under 0.5%. Higher returns than bonds, lower volatility than stocks—start earning today at https://www.HeronFinance.com. This week’s deal is a $12 million “turnkey wellness empire” in Midland, Texas, offering IV therapy and a newly minted franchise system. With projected 2025 revenues of $2.5M, $710K SDE, and an eyebrow-raising $2.8M EBITDA, the financials don't quite add up—and the team dives in to unpack it all. Key Highlights: - Asking Price: $12M for $710K SDE and $2.8M claimed EBITDA - Location: Midland, TX—high-income, oil-driven market - Business Type: Single-location IV clinic + early-stage franchise - Legal Hurdles: MSO structure needed for compliance, tough for financing - Major Red Flag: Brand offers a “Jesus Shot” and unclear financials Subscribe to weekly our Newsletter and get curated deals in your inbox Advertise with us by clicking here Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel. Do you enjoy our content? Rate our show! Follow us on Twitter @acquanon Learnings about small business acquisitions and operations. For inquiries or suggestions, email us at contact@acquanon.com

    28 min
  3. 5 SEPT

    This Golf Club Could Make $600K a Year… Or Bankrupt You

    In this episode, the hosts break down a $4.6M rural golf course deal with sketchy financials, a possible connection to Blackwater, and more red flags than a PGA tournament. Business Listing – https://www.loopnet.com/biz/business-opportunity/the-golf-club-and-grill-at-eagle-creek/1870370/ Welcome to Acquisitions Anonymous – the #1 podcast for small business M&A. Every week, we break down businesses for sale and talk about buying, operating, and growing them. 💰 Sponsored by: OpenPhone – The smarter phone system built for startups and modern teams. Keep work and personal calls separate, manage everything in one app, and stay connected from anywhere. https://www.openphone.com/ Acquisition Lab – A step-by-step program that guides entrepreneurs through buying a business. Get expert advice, tools, and a vetted community to accelerate your acquisition journey. https://www.acquisitionlab.com/ Today’s deal is a $4.6M golf course and grill in Moyock, North Carolina—complete with 700+ Google reviews, a booming local presence, and exactly zero tax returns available. Key Highlights: - Asking Price: $4.6M; includes real estate valued at $2.6M - Claimed Revenue: $2.4M with $600K projected profit - No Tax Returns Available: Sales reports only, SBA buyers not allowed - Location: Moyock, NC—near the Blackwater HQ, fast-growing area - Major Red Flag: Unprofessional listing, unclear financials, odd photos Subscribe to weekly our Newsletter and get curated deals in your inbox Advertise with us by clicking here Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel. Do you enjoy our content? Rate our show! Follow us on Twitter @acquanon Learnings about small business acquisitions and operations. For inquiries or suggestions, email us at contact@acquanon.com

    33 min
  4. 2 SEPT

    The $1.4M Liquor Store That Prints $500K/Year

    In this episode the hosts break down a surprisingly solid liquor store deal in Washington, DC, questioning whether a 3x multiple and $500K SDE is too good to be true. Business Listing – https://www.tworld.com/buy-a-business/listings/80yrs-old-sba-appd-profitable-corner-liquor-biz-in-nw-dc- Welcome to Acquisitions Anonymous – the #1 podcast for small business M&A. Every week, we break down businesses for sale and talk about buying, operating, and growing them. 💰 Sponsored by: Verivend – The smartest way to manage capital calls and distributions. Automate investor transactions and streamline your back office with https://www.verivend.com/ Capital Pad – Simplify your SMB deal process. From LOI to closing docs, Capital Pad helps you run transactions smoothly. Learn more at https://capitalpad.com/ This week, the team reviews a long-established liquor store in Northwest Washington, DC. With $2M in annual revenue and $500K in SDE, the business is priced at $1.4M—plus $290K in inventory—putting the effective multiple just over 3x. The store has been operating since 1941 and sits on a corner in a high-traffic, high-income neighborhood with a 10-year lease at $9,500/month. Key Highlights: - Asking price: $1.4M + $290K inventory, SDE: $500K - Liquor store in DC proper with 80+ years of history - 10-year lease at $9,500/mo in a high-income area - SBA-preapproved (though Heather warns that means nothing without tax returns) - Macro headwinds in alcohol consumption vs. 10% YoY sales growth Subscribe to weekly our Newsletter and get curated deals in your inbox Advertise with us by clicking here Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel. Do you enjoy our content? Rate our show! Follow us on Twitter @acquanon Learnings about small business acquisitions and operations. For inquiries or suggestions, email us at contact@acquanon.com

    34 min
  5. 29 AUG

    The $2M Gun Range Deal: Worth It or a Trap?

    In this episode, the hosts analyze a Colorado gun range and retail shop listed at $2M, diving into regulatory risks, slim margins, and whether the business is worth its heavy inventory investment. Business Listing – https://www.tworld.com/agents/charleymitchell/listings/turnkey-and-established-gun-range-and-shop Welcome to Acquisitions Anonymous – the #1 podcast for small business M&A. Every week, we break down businesses for sale and talk about buying, operating, and growing them. 💰 Sponsored by: Capital Pad – Buying a small business and need funding? Or looking to invest in others' deals? Capital Pad is the go-to marketplace for acquisition entrepreneurs and investors. It handles all the legal and governance headaches so you can focus on deals. Backed by entrepreneur Travis Jamison. Check out https://capitalpad.com and tell them Acquisitions Anonymous sent you! Heron Finance – build a personalized private credit portfolio for steady monthly income—without the market rollercoaster. In minutes, take a quiz, see your custom plan, and invest in 12+ top-tier funds from managers like Ares, Apollo, and KKR, overseeing $1T+ with loss rates under 0.5%. Higher returns than bonds, lower volatility than stocks—start earning today at https://www.heronfinance.com The team reviews a 40-year-old turnkey gun range and retail shop in Colorado listed for $2 million. The business reports $2.7M in revenue and $460K in SDE, supported by nearly $900K in inventory and a team of 13 employees. With seller financing available and a retiring owner, the opportunity comes with both operational history and growth potential. Key Highlights: - Asking price: $2M with $460K SDE on $2.7M revenue - Nearly $900K in inventory—likely included in price - Regulatory risk: environmental hazards, FFL complexity, shifting gun laws - Margins: Firearms have little to no margin; profits come from accessories and range - Nearby competing listing offers leaner ops with higher returns Subscribe to weekly our Newsletter and get curated deals in your inbox Advertise with us by clicking here Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel. Do you enjoy our content? Rate our show! Follow us on Twitter @acquanon Learnings about small business acquisitions and operations. For inquiries or suggestions, email us at contact@acquanon.com

    23 min
  6. 26 AUG

    This E-Commerce Dental Business Might Be Dead Thanks to Tariffs

    In this episode, the hosts dissect a high-margin dental supply e-commerce carve-out deal and uncover how a recent legislative change may have obliterated its business model. Business Listing - https://www.bizbuysell.com/business-opportunity/high-margin-b2b-e-commerce-dental-supply-business-with-2-500-customers/2382931/ Welcome to Acquisitions Anonymous – the #1 podcast for small business M&A. Every week, we break down businesses for sale and talk about buying, operating, and growing them. 💰 Sponsored by: 🧠 Powered by Acquisition Lab — Founded by Harvard MBA Walker Deibel, Acquisition Lab is your blueprint for buying a business. Get expert guidance, world-class resources, and a community of serious buyers to help you navigate search, diligence, and acquisition with confidence. Apply now at https://www.acquisitionlab.com Franchise Help with Connor Groce – Curious about franchising? Connor Groce, franchise expert and operator, helps people navigate the franchise world. He owns multiple franchises and now helps others find the right fit. https://www.connorgroce.com This episode dives into a high-margin, B2B dental supply e-commerce business based in San Bernardino County, California. The business boasts $800K in revenue, over 2,500 customers, and sells fewer than 100 SKUs from a potential 3,000+. It's operated via Shopify with a purchasing coordinator in China and minimal owner involvement, and it’s being sold as a carve-out for $1.2M—including $200K in inventory. Key Highlights: - Asking Price: $1.2M on $800K in revenue (no cash flow disclosed) - 2,500 repeat dental customers and 60% returning customer rate - Operated through Shopify with Chinese sourcing - Major risk: loss of “de minimis” tariff exemption likely killed the margin - Sold as a carve-out with no formal P&L or financials Subscribe to weekly our Newsletter and get curated deals in your inbox Advertise with us by clicking here Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel. Do you enjoy our content? Rate our show! Follow us on Twitter @acquanon Learnings about small business acquisitions and operations. For inquiries or suggestions, email us at contact@acquanon.com

    21 min
  7. 22 AUG

    $550K Profit Just Doing Paperwork? This Deal Has Us Shocked

    In this episode, the hosts dive into a lean, high-margin FDA compliance service business with outsourced operations and uncover whether it's a sustainable gem or a ticking regulatory time bomb. Business Listing – https://quietlight.com/listings/16053420/ Welcome to Acquisitions Anonymous – the #1 podcast for small business M&A. Every week, we break down businesses for sale and talk about buying, operating, and growing them. 💰 Sponsored by: Heron Finance – build a personalized private credit portfolio for steady monthly income—without the market rollercoaster. In minutes, take a quiz, see your custom plan, and invest in 12+ top-tier funds from managers like Ares, Apollo, and KKR, overseeing $1T+ with loss rates under 0.5%. Higher returns than bonds, lower volatility than stocks—start earning today at https://www.heronfinance.com Capital Pad – The modern back office for dealmakers. Capital Pad helps acquisition entrepreneurs, searchers, and private equity firms streamline deal tracking, investor updates, and portfolio management — all in one easy-to-use platform. Explore more at https://www.capitalpad.com This week's deal is a Florida-based, relocatable FDA compliance business offering digital services like registration and agent support for food, drug, cosmetic, and medical product companies. With just $790K in revenue and $550K in EBITDA, its margins are astonishing—thanks largely to a contracted overseas team and minimal operational overhead. Key Highlights: - Asking price: $1.9M | Revenue: $790K | EBITDA: $550K - Business operates with just one employee and an overseas team - 70% net margins and 50% recurring revenue from renewals - Possible registered agent model for FDA compliance—highly specialized niche - Heather pre-approves the deal for SBA financing live on the show Subscribe to weekly our Newsletter and get curated deals in your inbox Advertise with us by clicking here Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel. Do you enjoy our content? Rate our show! Follow us on Twitter @acquanon Learnings about small business acquisitions and operations. For inquiries or suggestions, email us at contact@acquanon.com

    25 min
  8. 19 AUG

    Would You Pay $2M for a 70-Year-Old Sandwich Factory?

    In this episode, the hosts unpack a 70-year-old South Carolina sandwich business supplying gas stations and vending machines—and debate whether its low margins and high complexity make it a hidden gem or a money pit. Business Listing – https://mergerscorp.com/property/70-years-old-american-producer-and-wholesaler-of-pre-packaged-foods/ Welcome to Acquisitions Anonymous – the #1 podcast for small business M&A. Every week, we break down businesses for sale and talk about buying, operating, and growing them. 💰 Sponsored by: OpenPhone – The modern business phone system for small businesses. Get a professional number, manage calls and texts from one app, and separate work from personal life. Try it free at https://www.openphone.com Verivend – The fastest way to send and receive capital for deals. Verivend simplifies fundraising and LP payments with instant, secure transactions. Learn more at https://www.verivend.com This episode features a quirky 70-year-old business in South Carolina manufacturing and distributing pre-packaged sandwiches to vending machines, gas stations, and convenience stores. With $5.7M in revenue and $426K in seller discretionary earnings (SDE), the company also owns a 14,000-square-foot facility and employs 42 non-union staff. Key Highlights: - Asking price: $2M | Revenue: $5.7M | SDE: $426K - 70-year-old sandwich business with regional distribution - 42 non-union employees in a 14,000 sq ft facility - Potential hidden issues: low EBITDA per employee, unaccounted rent, food safety risks - Strong debate: Mills gives a thumbs up, Heather “pre-declines” the loan Subscribe to weekly our Newsletter and get curated deals in your inbox Advertise with us by clicking here Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel. Do you enjoy our content? Rate our show! Follow us on Twitter @acquanon Learnings about small business acquisitions and operations. For inquiries or suggestions, email us at contact@acquanon.com

    27 min

About

Jump into the world of business acquisitions with hosts Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley. We review real businesses for sale in each episode, providing expert insights, strategies, and tips to make savvy business moves like the pros. Perfect for entrepreneurs, investors, and anyone interested in buying and selling businesses.

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