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

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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:
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

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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!

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

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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

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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

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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

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In this episode, the hosts dissect a distressed e-commerce furniture supplier deal selling near working capital value, debating whether falling revenues, marketplace dependence, and margin mystery leave any room for a profitable turnaround.

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.

The team reviews “Project Assembly,” a branded ready-to-assemble furniture supplier with a proprietary product line and strong e-commerce distribution through Amazon, Lowe’s, Home Depot, Target, and Wayfair. Once generating $22M in revenue, the company has seen a four-year slide to $9.4M, though gross margins have oddly improved from 19% to 32% despite the drop. The deal is being marketed at roughly $3.8M — close to the estimated book value of its working capital — making it feel more like a liquidation opportunity than a healthy going concern.

Key Highlights:
- Asking price: ~$3.8M, pegged to working capital value.
- Revenue decline: $22M in 2020 → $9.4M in 2024.
- 98% marketplace e-commerce sales via major retailers.
- Gross margins increased from 19% to 32% despite shrinking sales.
- Marketplace algorithm ranking & Chinese competition as potential killers.

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In this episode, the hosts dissect a suspiciously high-margin $18M metal fabrication business in Houston and unpack the latest killer changes to SBA loan rules.

Business Listing – https://www.bizbuysell.com/business-opportunity/huge-cash-cow-metal-fabrication-business-w-strong-client-base/2382600/?utm_source=bizbuysell&utm_medium=emailsite&utm_campaign=shtmlbot&utm_content=button

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.

👥 This episode is sponsored by Capital Pad — the ultimate marketplace for acquisition entrepreneurs and small business investors. Looking to buy a business and need capital, or want to invest in deals with built-in governance and distribution structure? Go to https://www.capitalpad.com and tell them Acquanon sent you.

💼 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.

This episode features a deep dive into a $4.5M cash-flowing metal fabrication business in Houston listed for $18M. Founded in 2020, the business boasts a 30% EBITDA margin, 17 employees, and owns a 30-acre facility with specialized bays and modern machinery. It serves the oil and energy sectors, with long-standing contractor relationships and the real estate optionally bundled in.

Key Highlights:
- Asking price: $18M with $4.5M in cash flow (3.8x multiple)
- Located in Harris County, TX (Houston); real estate optionally included
- 30% EBITDA margins; founded just 5 years ago in 2020
- New SBA rules may kill deals involving licensed businesses and rollover equity
- Potential red flags: add-on-only language, possible reliance on prior business relationships

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• Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.
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For inquiries or suggestions, email us at contact@acquanon.com