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

Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley
  • 4.8 (250)
  • ENTREPRENEURSHIP
  • UPDATED SEMIWEEKLY

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. 15H AGO

    Best of Acquisitions Anonymous - The $250K Port-A-Potty Business?!

    In this episode, the hosts dig into a port-a-potty rental company with $4.1M in revenue and a $2M price tag, revealing a capital-heavy, route-based business that's either a blue-collar dream or an operational nightmare. 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 – A platform connecting accredited investors with vetted small business acquisition deals. Discover exclusive opportunities at https://capitalpad.com Acquisition Lab – Your fast-track to business ownership. Get hands-on support, world-class resources, and join a top-tier community of acquisition entrepreneurs. Schedule your free consultation at https://www.acquisitionlab.com and mention Acquisitions Anonymous! In this gritty episode, the team breaks down a portable toilet rental business based in the southeastern U.S., generating $4.1M in revenue with $1.5M in EBITDA and listed for $2M—less than 1.5x earnings. The business includes over 1,000 units, 5 trucks, and a property with a discharge pond and mobile home. Key Highlights: - Asking Price: $2M; Revenue: $4.1M; EBITDA: $1.5M - Includes 1,000+ toilets, 5 trucks, real estate with discharge pond - 60% revenue from recurring construction jobs; 40% from events - High capex, driver and routing challenges, regulatory scrutiny - Seller likely fatigued; business could scale with better ops and tech 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

  2. 4D AGO

    Best of Acquisitions Anonymous - This Mattress Company Has Explosive Growth

    In this episode, the hosts dissect a fast-growing mattress manufacturer with $43M in revenue and shrinking margins—raising questions about customer acquisition, product differentiation, and whether this red-ocean DTC business is salvageable or doomed. 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: Tonnesen Accounting Services - Tonnesen provides full quality of earnings reports trusted by buyers, lenders, and brokers on over $500 million in deals each year. Fast, detailed, and affordable. Visit tonnesenaccountingservices.com or connect with Josh Tonnesen on LinkedIn for a free consult. Capital Pad – A platform connecting accredited investors with vetted small business acquisition deals. Discover exclusive opportunities at https://capitalpad.com This week, the hosts examine a mattress manufacturing business located in the southern U.S. that scaled rapidly—from $16M in revenue to $43M in just three years—but saw EBITDA fall from $5M to $3.7M in the same period. Despite strong DTC sales through Amazon and Shopify, the business is stuck in a red ocean, with heavy competition, low differentiation, and rising customer acquisition costs. Key Highlights: - Revenue: $43M; EBITDA: $3.7M (down from $5M in 2020) - 3-year revenue growth from $16M to $43M - Over 50 branded SKUs and 1,000+ accessories - Owners seeking a minority equity partner for expansion - Major red flags: undifferentiated product, expensive growth, brutal ad competition 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

    30 min

  3. DEC 23

    Best of Acquisitions Anonymous - A Pet Cremation Business?!

    In this episode, the hosts explore a pet cremation franchise for sale in Miami, unpacking a franchise model with big claims, low margins, and a morbidly 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: Go High Level – The all-in-one sales and marketing platform built for agencies and entrepreneurs. Automate, manage, and grow your business at https://www.gohighlevel.com Viso Business Capital — Get the right SBA loan tailored to your acquisition needs with Heather Endresen’s firm. Sign up for a free live Q&A on SBA loans at https://www.visocap.net and click “Zoom Sign Up” in the top-right corner. This week’s episode dives into a highly unusual SMB opportunity: a pet crematorium in Miami-Dade County operating under the newly formed Resting Rainbow franchise. Listed at $1.5M, the business claims no competition and potential to hit $3M in revenue. It includes all major equipment (incinerator, walk-in cooler), but reported cash flow sits between $50K and $200K depending on which numbers you believe. Key Highlights: - Asking Price: $1.5M; EBITDA: $127K (claimed), Cash Flow: $50K - Equipment includes incinerator, walk-in cooler, and office assets (FFE: $290K) - Franchise fees include 7% royalty and $36K/year marketing - Operates with vet partnerships and walk-ins; 74% of revenue from cremations - Big risks: unclear brand identity, limited scale, no proven franchise model 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

    37 min

  4. DEC 19

    Best of Acquisitions Anonymous - Episode 185: Pizza Boat For Sale

    In this episode, the hosts break down a once-in-a-lifetime opportunity to own a floating pizza restaurant in the Virgin Islands—complete with a pizza armada, liquor license, and serious island vibes—all priced at under 1x earnings. 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: Big thanks to GoHighLevel for sponsoring this episode! GoHighLevel is the all-in-one CRM that helps small businesses manage emails, texts, funnels, and more. It’s the Swiss Army Knife for modern operators—and you can try it free for 30 days at https://gohighlevel.com This emergency pod highlights a truly unforgettable listing: a fully operational pizza boat, moored in the crystal-clear waters of Christmas Cove, US Virgin Islands. The deal includes three boats, a commercial-grade pizza kitchen, a liquor license, a merch store, and even a 2008 Ford Explorer—all for just $425K, with cash flow reported between $250K–$500K. Key Highlights: - Asking price: $425,000; Cash flow: $250K–$500K - Includes 3 boats, commercial kitchen, liquor license, SUV - Located on a protected mooring in Christmas Cove (mooring lease = $1,083/year) - Strong social media and TripAdvisor presence; #1 rated restaurant in St. Thomas - Potential risks: hurricane exposure, island lifestyle burnout, staff reliability 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

  5. DEC 16

    Best of Acquisitions Anonymous - Episode 214: Worm Farm

    In this episode, the hosts break down an absurdly profitable worm farm in rural California that claims $1.5M in cash flow and may be one of the best deals they've ever seen—if it's real. 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: Viso Business Capital — Get the right SBA loan tailored to your acquisition needs with Heather Endresen’s firm. Sign up for a free live Q&A on SBA loans at https://www.visocap.net and click “Zoom Sign Up” in the top-right corner. Capital Pad – A platform connecting accredited investors with vetted small business acquisition deals. Discover exclusive opportunities at https://capitalpad.com In one of the most entertaining and surprising episodes of Acquisitions Anonymous, the full host crew digs into a worm farm listed for $1.8M with a jaw-dropping $1.5M in purported cash flow. Based in rural Durham, California, this business sells worms, worm castings, and premium soil blends, while also running an educational foundation and e-commerce operation with absurdly high average order values. Key Highlights: - Asking Price: $1.8M with claimed $1.5M in cash flow - Located on 10 leased acres in rural Northern California - Includes $1.35M in inventory and $400K in equipment - Educational non-profit and e-commerce add extra revenue streams - Potential risks: Lease structure, inflated financials, niche operations 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

    30 min

  6. DEC 13

    Inside a Failing Rehab Acquisition: Utilization, Insurance & Red Flags

    In this episode the hosts dive into a $4.5M, 12‑bed Los Angeles drug and alcohol rehab facility deal with $4M revenue and $1M SDE, unpacking utilization trends, regulatory risks (MSO/CPOM), and why it might not be a compelling acquisition as‑is. Business Listing – https://www.bizbuysell.com/business-opportunity/drug-and-alcohol-rehabilitation-facilities/2447669/ 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: Go High Level – The all-in-one sales and marketing platform built for agencies and entrepreneurs. Automate, manage, and grow your business at https://www.gohighlevel.com Tonnesen Accounting Services - Tonnesen provides full quality of earnings reports trusted by buyers, lenders, and brokers on over $500 million in deals each year. Fast, detailed, and affordable. Visit tonnesenaccountingservices.com or connect with Josh Tonnesen on LinkedIn for a free consult. In this episode of Acquisitions Anonymous, Bill D’Alessandro, Heather Endresen, Mills Snell, and Chelsea Wood break down a mid‑market drug and alcohol rehabilitation business in Los Angeles County listed for $4.5M with about $4M in annual revenue and $1M in SDE. The business operates two licensed detox and residential facilities with 12 beds, offers a spectrum of evidence‑based therapies (CBT, DBT, EMDR, family therapy), and maintains Joint Commission accreditation and DHCS licensing. While the model appears scalable with high‑margin services, the panel highlights concerning utilization trends and forecasting assumptions baked into the seller’s projections. Key Highlights: - Deal Specifics: 12‑bed rehab facility in LA County, $4M revenue, $1M SDE, $4.5M asking price. - Utilization Trends: Declining from ~78% to ~53% with optimistic future forecast that seems questionable. - Regulatory Risk: Corporate practice of medicine/state licensure complexity in California (MSO workaround concerns). - Payer Mix & Revenue Drivers: High average daily revenue per patient but mixed insurance/private pay impacts lender appetite. - Consensus Verdict: Thumbs down for this deal — regulatory friction, utilization risks, and mid‑market performance dampen attractiveness. 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

  7. DEC 9

    Rerun Episode – Buying a Seasonal Christmas Tree Business in Utah

    Interested in buying a franchise? Check out Connor's website here: https://connorgroce.com/lander Come to HoldCo Conference for business owners, Feb 9-11 → https://links.girdley.com/hcc-yt In this rerun episode, the hosts revisit a $65K Utah Christmas tree lot deal and debate whether this nostalgic seasonal hustle is worth the location headaches and short sales window. 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. Subscribe for more episodes: https://www.youtube.com/@AcquisitionsAnonymousPodcast?sub_confirmation=1 Subscribe to our Newsletter: https://www.acquanon.com/newsletter Connect with us on Social Media: Twitter: https://twitter.com/acquanon LinkedIn: https://www.linkedin.com/company/acquanon 👋 Follow the Hosts Michael Girdley – Entrepreneur & investor. Twitter: https://twitter.com/girdley Bill D’Alessandro – CEO of Elements Brands. Twitter: https://twitter.com/BillDA Heather Endresen – SBA lending expert & advisor. Twitter: https://twitter.com/EndresenHeather Mills Snell – Small business investor & advisor. Twitter: https://twitter.com/thegeneralmills We’re bringing back a listener favorite: a seasonal Christmas tree lot in Southern Utah County listed for $65K, with $29K in cash flow on $85K in revenue. It includes $2K in equipment, $1,750 in inventory, and seller financing at 5%. With 10+ years in business and a loyal customer base, it sounds promising—until you find out there's no guaranteed location or lease. That one detail sparks a lively debate on whether this is a low-risk side hustle or a logistically doomed venture. Michael, Bill, and Heather break down the seasonal business model, the importance of location in retail, and whether this business is worth buying—or just replicating from scratch. 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

    35 min

  8. DEC 6

    How to Find Hidden Specialty Pharmacy Deals – Broker Secrets Explained

    In this episode the hosts dig into a $7.1 M cash‑price listing for a specialty pharmacy in Beverly Hills — evaluating its 1.49 M EBITDA, market position and regulatory complexity to see whether it’s a viable acquisition. Business Listing – https://www.bizbuysell.com/business-opportunity/specialty-medical-pharmacy-in-prime-southern-california-location/2445305/ 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: Tonnesen Accounting Services - Tonnesen provides full quality of earnings reports trusted by buyers, lenders, and brokers on over $500 million in deals each year. Fast, detailed, and affordable. Visit tonnesenaccountingservices.com or connect with Josh Tonnesen on LinkedIn for a free consult. Capital Pad – A platform connecting accredited investors with vetted small business acquisition deals. Discover exclusive opportunities at https://capitalpad.com This episode of Acquisitions Anonymous breaks down a real‑world potential buy of a specialty (medical) pharmacy based in Beverly Hills, California. The listing claims a 2025 expected revenue of about $6.2 M with $1.49 M in EBITDA/SDE, monthly rent around $9,167, and an asking price of $7.1 M — roughly 4.75× trailing earnings. The sellers are motivated by acute health issues and retirement, which introduces urgency. The hosts explore both the upside — a long‑established business in a wealthy market, high margins, and niche specialty‑pharmacy demand — and the downsides: regulatory/licensure hurdles, dependence on skilled pharmacists, insurance/payer access challenges, and the uncertainty of consistency in earnings. Key Highlights: - Asking price: $7.1 M cash, with stated EBITDA/SDE of $1.49 M → ~4.75× multiple. - Business profile: Long‑established (since ~1980), located in affluent Beverly Hills, servicing specialty prescriptions (potentially high‑cost biologics, pain, immunology, chemo) rather than typical retail offerings.  - Opportunity: High margins (claimed ~25%) — above what might be expected for a typical low‑margin compounding pharmacy.  - Risks: Regulatory/licensure risk under the California pharmacy law: any change in ownership or control requires approval by the board before the transaction can close.  - Execution risk: Because the seller is reportedly ill and likely a “forced seller,” there may be pressure to close quickly — which compresses time for due diligence on payer contracts, referral sources, license transfers, and underlying quality-of-earnings.   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

    30 min
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4.8
out of 5
250 Ratings

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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