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.

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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

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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:
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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

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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!

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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