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 天前

    $19M for a Custom Art Biz – Smart Move or Overpay?

    In this episode the hosts dissect a $19 million “painting‑on‑demand” e‑commerce business making ~$15 million in sales and ~$3.67 million in earnings, and debate whether the price tag is justified given a crowded market and uncertain moat. Business Listing – https://mailchi.mp/websiteclosers/new-deal-alert-online-art-gallery-ecommerce-brand-handmade-paintings-collection-strong-repeat-order-rate-3600-48-star-reviews2?e=42dc999128 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 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. The business under review is a niche e‑commerce company in the custom hand‑painted art space: a made‑to‑order model with no inventory, ~$15 million in revenue (~$14.963 million) and ~$3.67 million earnings, asking price ~$19 million. The owners claim high average order value (~$1,500), ~20% repeat customer rate, ~30% net margins, and growth since 2020. Key Highlights: - Asking Price: ~$19 million for revenue ~$14.96 million and earnings ~$3.67 million. - Business Model: custom hand‑painted art on demand, average order value ~$1,500, ~20% repeat customers, claimed ~30% net margin. - Operational Setup: no inventory, contractor‑based production, D2C Shopify site, paid media + email automation driving growth. - Risks: Extremely crowded market (many “print on demand” or custom art providers), potential rising customer acquisition cost, young business with limited track record. - Strategic Questions: Does it have a compelling moat (exclusive artist network, unique IP, proprietary customer funnel)? Could a larger buyer replicate or disrupt the model? What happens if ad costs or competitor entry escalate? 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 分鐘
  2. 6 天前

    Inside a Miami Contractor Sale: Hidden Accounting Traps & Big Backlog

    In this episode the hosts dissect a $23 million asking‑price acquisition of a Miami‑based specialty contractor with $41 M revenue, $4.7 M EBITDA, a $52 M backlog—and dig into its contract structure, accounting risks and deal suitability. Business Listing Link – https://businessesforsale.nuwireinvestor.com/business-opportunity/specialty-contractor-with-long-term-contracts-and-62mm-backlog/2395873/?J=AN 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. 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 episode, the team reviews a specialty contractor serving healthcare and aviation clients in Miami‑Dade County, founded in 2007, with ~$41 M in revenue, ~$4.7 M in EBITDA, and a contracted backlog of ~$52 M. The asking price of ~$23 M implies about a 4.9× EBITDA multiple. The business claims that 80‑85% of revenue comes from renewable 3‑5 year institutional contracts with government and institutional clients, and emphasizes a capital‑light model with only ~$100k in equipment and ~53 employees. Key Highlights: - Revenue ~$41‑45 M, EBITDA ~$4.7 M (~10% margin) with backlog ~$52 M. - Asking price ~$23 M → ~4.9× EBITDA, which is reasonable compared to many contractor deals. - Contract structure: 80‑85% from 3‑5 year renewable institutional contracts (government, healthcare, aviation) which reduce reliance on open bidding. - Accounting/diligence risks: low equipment/FF&E (~$100k) suggests perhaps subcontract model or specialized niche; retainage, WIP, deferred revenue and billing practices must be scrutinized. - Buyer fit & financing: likely better for an industry‑experienced buyer; banks/lenders will want low leverage and proven transition plan given the contract complexity and possible change‑of‑control risk. 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 分鐘
  3. 11月18日

    EdTech Business for Sale – Architect Training Platform US$2.7M

    In this episode the hosts dig into a $2.7 million EdTech business serving architects—$450K revenue, ~$227K profit, ~30 % growth—yet debate whether its 11.9× profit asking price makes any sense. Business Listing – https://app.acquire.com/startup/aUdw7lekR1TbMTB7h3oH00Of2KH2/9zqyExayXzwGmnlz6QWA?utm_medium=email&_hsenc=p2ANqtz-98r-wxCcPABDrP80rGNweSlNs2VkMvwGKxMByTIVyTIen9tvlCC_HRGTYrJ1hp08w7BlWcQs_9_6gkpNUKm734YYgaCg&_hsmi=386717396&utm_content=386717396&utm_source=hs_email 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: 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! Capital Pad – A platform connecting accredited investors with vetted small business acquisition deals. Discover exclusive opportunities at https://capitalpad.com We review a niche online education platform founded for architectural and design professionals—offering 200+ live and on‑demand courses covering parametric design, BIM, 3D printing, AI tools. The business is bootstrapped since 2018, running at ~50% net profit margins, trailing‑12‑months revenue around $450K and profit ~$227K. The seller is asking ~$2.7M (≈11.9× profit, ~6× revenue) based on ~30% growth year over year. Key Highlights: - Revenue ~$450K, net profit ~$227K (~50% margin) and ~30% growth. - Asking price ~$2.7M = ~11.9× profit, ~6× revenue. - Model: 200+ courses, ~5,000 students, mix of B2C subscriptions + B2B licensing, niche vertical (architects/design). - Risk areas: low recurring revenue (~25%), ticket size ~$90/student (so high volume required), valuation seems disconnected from scale. - Consensus: a buyer could step in, launch sales team, expand market (vocational high schools, related professions) — but at this price overpay‑risk is high. 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 分鐘
  4. 11月14日

    How a Water Bottle Company Turned Into a $17M Empire

    In this episode, the hosts dissect a $17.5M electrolyte powder Amazon FBA brand with 86% margins and 20K subscribers—debating whether it’s a goldmine or a marketing death spiral in disguise. Business Listing – https://quietlight.com/listings/16065383/ 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 Capital Pad – A platform connecting accredited investors with vetted small business acquisition deals. Discover exclusive opportunities at https://capitalpad.com The team breaks down a high-flying $17.5 million revenue, $2.5 million SDE electrolyte supplement business listed on Quiet Light. The company pivoted from motivational water bottles to consumable electrolyte powders in 2021, riding the hydration craze straight to 65% YoY growth. But despite 86% gross margins and 20,000+ Amazon Subscribe & Save customers, the hosts raise red flags. Key Highlights: - $17.5M revenue, $2.5M SDE, 86% gross margins - 99% of revenue from Amazon, ~20,000 active Subscribe & Save users - Pivoted from motivational water bottles to consumables in 2021 - Faces high CAC, thin net margin (~15%) despite massive top-line - Hosts warn: DTC/shopify expansion is not a “free” growth lever—may backfire on Amazon rankings 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

    22 分鐘
  5. 11月11日

    Are Pickleball Clubs the New Fad or the Next Fitness Empire?

    In this episode, the Acquisitions Anonymous crew breaks down a freshly listed $1.9M indoor pickleball club in Houston, debating whether it’s a sports goldmine or a post‑trend trap. Business Listing – https://www.bizbuysell.com/business-opportunity/pickleball-club/2414949/ 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! The hosts dive into a just‑listed $1.9 million Houston indoor pickleball facility boasting $400K in cashflow and a prime 15‑year below‑market lease. With 51,000 square feet, 18 courts, and multiple recurring revenue streams—including memberships and court reservations—the business claims to be “profitable from day one.” Key Highlights: - $1.9M asking price with $400K reported cashflow — business established only in 2024 - 15-year below-market lease for 51,000 sq ft facility with 18 courts - Multiple revenue streams: memberships, court rentals, open play, potential food & beverage - Moat discussion: location, community engagement, “first mover” indoor advantage - Risk analysis: is pickleball peaking or still rising? Is the growth sustainable or a fad? 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 分鐘
  6. 11月7日

    $4.4 M Diabetes Patch Brand: Hidden Gem or Hidden Trap?

    In this episode of Acquisitions Anonymous, the hosts dig into a $4.4 M e‑commerce business in the diabetes sensor accessory space and debate whether its 41% net margin, Australian base, and licensing opportunity make it a smart buy—or a risky startup in disguise. Business Listing – https://websiteproperties.com/websites/13755-sticking-with-success-great-business-opportunity-in-the-growing-diabetes-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 Capital Pad – A platform connecting accredited investors with vetted small business acquisition deals. Discover exclusive opportunities at https://capitalpad.com The team explores a listing for a home‑based Australian business selling branded adhesive patches for continuous glucose monitors (CGMs) — the listing claims approximately US $3.5 M in trailing 12‑month revenue (converted from AUD) and US $1.46 M in cash‑flow (~41 % net margin). The business model includes Amazon FBA plus a couple of major U.S. pharmacy accounts, with the owner working ~10 hours/week. Key Highlights: - Asking price ~US $4.4 M, trailing cash‑flow US $1.46 M (≈41 % net margin) - Business based in Australia, selling (via Amazon + pharmacies) consumable patches for CGMs — a growing diabetes adjacent market - Opportunity for U.S. expansion + licensing of characters/brands to build a moat - Risks: Australian entity, potential Amazon seller‑migration issues, unclear SBA financing, low barrier to entry in consumables - Strategic path: Use Aussie cash‑flow to buy and build U.S. subsidiary, invest heavily in influencer / TikTok, build brand/licensing to protect margin 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

    47 分鐘
  7. 11月4日

    $4.2M Security Business… With $773K Revenue?!

    In this episode the hosts critique a $4.28 million asking price for a Signal Security Franchise business in San Antonio earning ~$773K revenue—arguing it’s overpriced, under‑differentiated and risky. Business Listing – https://www.bizbuysell.com/business-opportunity/san-antonio-tx-highly-profitable-security-business-for-sale/2350661/ 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 episode of Acquisitions Anonymous, hosts Michael Girdley, Bill D’Alessandro and Connor Groce dig into a franchise‐for‐sale opportunity in the private security industry: a Signal Security franchise in San Antonio asking $4.28 million with $773K in gross revenue. They walk through the business model (commercial security staffing), margins, branding claims, franchise structure and red flags. Key Highlights: - Asking price: $4.28 million for a franchise security services business in San Antonio, with ~$773 K gross revenue. - Model: Commercial security staffing (e.g., apartment complexes, offices) relying on contract revenue and hourly staff. - Margin concerns: Advertised ~39% gross margin but likely much lower net profit—owners estimate very low take‑home. - Franchise platform issues: Website more focused on selling franchise opportunities than showing service revenue or client success; raises questions about sustainability & support. - Operational risks: Staffing, liability issues, tech disruption (surveillance & automation), brand reputation, risk of employee negligence or incident triggering legal/insurance exposure. - Verdict: Thumbs down across hosts; valuation too aggressive for the business model and risk profile. 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 分鐘
  8. 10月31日

    Would You Pay $11M for Two Car Washes?

    In this episode the hosts dissect a two‑location Virginia car wash business listed at $10.999 M with ~$940K cash flow and debate whether it’s a real estate play or a tough operating bet. Business Listing – https://www.empirebusiness.com/business-opportunity/10056/2-car-wash-locations-in-virginia-579956/ 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: Main Street Summit – Join 1,000+ business owners, operators, and entrepreneurs for three days of actionable content, intimate peer connections, and specialized tracks led by real-world practitioners. Bill is speaking this year, and he describes it as one of the highlights of his year. Don’t miss it—secure your spot now at https://www.mainstreetsummit.com/ Capital Pad – A platform connecting accredited investors with vetted small business acquisition deals. Discover exclusive opportunities at https://capitalpad.com In this episode of Acquisitions Anonymous, the hosts dive into a deal: two separate car‑wash locations in Virginia being sold as a package for just under $11 million. The listing reports combined revenue of $1.6 million and cash‑flow of $940K, and includes the real estate. They unpack what drives the valuation, what portion might be real estate vs operations, and whether the numbers make sense for a buyer. Key Highlights: - Asking price: ~$10.999 million for two car wash locations in Virginia; listed cash flow ~$940K. - Combined revenue ~$1.6 million; cash‑flow margin appears very strong (~59 %). - Real‐estate “kicker” likely substantial: the hosts estimate a big portion of the value may reside in land rather than operations. - Operational risks: labour management, equipment/maintenance (touchless wash, dryers), vehicle liability, subscription model sustainability. - Financing nuances: If real estate value is high enough, 25‑year term SBA financing may apply; otherwise harder loan structure. 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

    31 分鐘
4.8
(滿分 5 顆星)
249 則評分

簡介

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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