This $7M SaaS business processes $200M annually—but is it a melting ice cube?

Business Listing - https://quietlight.com/listings/16590131/

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In this episode, Bill, Heather and guest Travis Jamison from Capital Pad dive into a niche SaaS billing platform listed for $7M. With $2M in EBITDA and sticky recurring revenue from 3,600 micro-businesses, the crew debates whether this business is a hidden gem—or quietly melting. They dig into the risks of being a “wrapper” on Stripe, strategies for customer growth, the value of technical due diligence, and whether this is the kind of deal that should be financed with debt. Travis also shares insights from his experience investing in 15+ small businesses and what makes a deal pass Capital Pad’s strict curation standards.

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Would you buy 6 top-performing Italian franchise restaurants spread across rural West Texas?

Sponsors:
This episode is sponsored by Capital Pad – a game-changing platform that connects acquisition entrepreneurs with investors and capital. Whether you're buying or funding a deal, visit https://www.capitalpad.com and tell them Acquanon sent you.

Thanks also to Edler Zain, the CPA firm built for entrepreneurs. From QofEs to full-service CFO support, get the Builders Package at https://www.edlerzain.com – and mention Acquanon!

In this episode of Acquisitions Anonymous, the full panel—Mills, Bill, Michael, and Heather—dives into a listing for six Fazoli’s franchise locations scattered across Abilene, Midland-Odessa, and Lubbock, Texas. With over $13M in revenue and $1.1M in EBITDA, the team breaks down the dynamics of buying a foodservice business in rural America. They explore the challenges of multi-location management in a geographically spread market, the hidden costs of restaurant leases, CapEx requirements, and why existing franchisees might be passing on the deal. From franchising quirks to fast-casual Italian economics, it’s a meaty one—hold the marinara.

• Breakdown of a $5M asking price on $1.1M EBITDA
• Franchising dynamics: Why aren’t existing franchisees buying this?
• Real estate challenges: 6 locations, none of the real estate included
• CapEx cycles in restaurants and why “no CapEx required” might be misleading
• Geographic dispersion: Managing 6 locations spread across West Texas
• Who the ideal buyer is—and why it’s probably not you
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A $16M golf cart and low-speed vehicle dealership in Virginia Beach sounds dreamy… until it’s not.

Business Listing - https://www.bizquest.com/business-for-sale/new-and-used-cars-and-golf-cart-product-lines/BW1924052/

Sponsored by Inzo Technologies and Hire with Near

Upgrade your IT with Inzo Technologies — complimentary IT audits for searchers at http://inzotechnologies.com/

Hire top-tier Latin American talent with Hire with Near — https://hirewithnear.com/

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Episode Description:
In this episode, Michael, Heather, and Mills dive into a fascinating but frustrating $16M revenue business based in Virginia Beach, Virginia. On paper, it’s a dream: an oceanfront golf cart and low-speed vehicle dealership with high rental income and exclusive distributorships. But as the hosts peel back the layers, they uncover red flags like no SBA eligibility, murky financials, and a seller with too many side hustles. They discuss the appeal of lifestyle businesses in resort towns, what exclusivity might be worth, and the dangers of unclear cash flows. A classic example of “looks great—until it doesn’t.”

Key Highlights:

• $16M revenue dealership selling golf cart-adjacent vehicles and earning $30K/month in rentals
• Located in prime tourist real estate in Virginia Beach
• Multiple red flags including no SBA loan acceptance and lack of disclosed cash flow
• Seller has several unrelated businesses, raising questions on financial transparency
• Discussion around dealership models, exclusivity, and rental income value
• Insight on how these types of lifestyle businesses can be great—for the right buyer
• Why this deal gets a “thumbs down” despite some appealing elements

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A metal fabrication business serving the equestrian industry—great margins, but is it a good deal? Let’s find out!

Business Listing - https://www.sunbeltnetwork.com/charlotte-nc/buy-a-business/listings/listing-details/hi-end-aluminum-metal-fabricator-shop-56312/

🚀 Sponsors:

Edler Zain - A CPA firm for entrepreneurs, offering quality of earnings, tax structuring, and their full-stack Builders Package for bookkeeping, tax, and CFO services. Learn more at https://www.edlerzain.com/.

Viso Business Capital - Need the right SBA loan for your business acquisition? Viso Business Capital works with 30+ lenders to find the best funding. https://visocap.net/

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In this episode, Bill and Heather discuss a custom metal fabrication business catering to the equestrian industry. With $5M in revenue and $600K in cash flow, this Orlando-based business builds horse stalls, gate entrances, and trailer modifications. While it has strong local demand and long-term employees, its growth is constrained by geography and heavy materials. Is this a good SBA-funded acquisition for a searcher? Tune in to hear our breakdown of pricing, margins, and market potential!

Key Highlights:

• Business profile: $5M revenue, $600K cash flow, $2.5M asking price.
• Serving the high-end equestrian market in Orlando, FL.
• In-house powder coating, sandblasting, and metal fabrication.
• Geographic limitations due to heavy product weight.
• Potential margin improvements through better steel sourcing.
• Seller also owns the real estate—rent terms could impact EBITDA.
• SBA financing considerations and deal structuring.

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In this episode, the hosts take on a dump truck business in Phoenix, Arizona, exploring whether it’s a hidden gem or a financial sinkhole. They break down the business’s $3.5M asking price, $1.15M cash flow, and $1.7M in equipment while discussing risks, scalability, and operational challenges. Is it a great opportunity or a trucking nightmare? Tune in to hear their analysis!

Business listing: https://www.bizbuysell.com/Business-Opportunity/1-575-000-NET-Seven-Unit-Dump-Truck-Company/2329213/

Sponsored by Inzo Technologies:

Upgrade your IT with Inzo Technologies — complimentary IT audits for searchers at http://inzotechnologies.com/

Key Highlights

• Dump Truck Business Breakdown – What’s included in the deal?
• Cash Flow vs. Reality – Is the claimed 60% profit margin realistic?
• Truck Maintenance & CapEx Considerations – The hidden costs of staying operational.
• Construction Industry Dependence – How cyclical is this business?
• Broker Red Flags – Why this listing might be overvalued.
• Recurring Revenue vs. One-Off Jobs – How does this business sustain itself?
• Lending & Acquisition Challenges – Is it financeable, and what’s the real multiple?

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You won’t believe the rent on this Miami nightclub for sale!

Business Listing - https://www.bizquest.com/business-for-sale/20-000-sqft-wynwood-nightclub-for-sale/BW2316385/

Today's episode is sponsored by Connor's Franchise Consulting! If you're considering owning a franchise, Connor and his team can help you pick the right one. Sign up for his newsletter and attend a Gateway to Franchise Ownership workshop today. Schedule a call now: https://www.connorgroce.com/schedule

Need an SBA loan for a business acquisition? Heather from Viso Business Capital connects buyers with the best funding options. Sign up for a free SBA loan Q&A session: VisoCap.net

In this episode, the Acquisitions Anonymous team breaks down a hot Miami nightclub listing—20,000 square feet, $100K in monthly rent, and a $3M asking price. With a cash flow of $1M, we debate whether this deal is actually a steal or a total trap. We dive into the nightclub industry’s risky business model, the role of promoters, the power of liquor licenses, and why some clubs thrive while others disappear overnight. Plus, is Gen Z killing nightlife? And could a crypto bro be the perfect buyer for this business?

Key Highlights:

• A $3M nightclub listing in Miami – is it worth it?
• How nightclubs make (and lose) money – from bottle service to insane rents
• The crucial role of promoters in keeping clubs packed
• Liquor licenses: The hidden value in bar & club acquisitions
• Gen Z’s impact on nightlife – why they’re ditching alcohol for coffee raves
• Crypto bros & nightclubs: The wildest potential buyers for this business

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This fencing company in Albuquerque is a hidden gem—high cash flow, no marketing, and massive growth potential.

Business Listing - https://www.bizbuysell.com/Business-Opportunity/highly-reputable-and-profitable-fence-and-gate-company/2232872/

🚀 Our Sponsor:
Ready to buy a business but don’t know where to start? Join Acquisition Lab, founded by Harvard MBA and acquisition expert Walker Deibel. Get hands-on support, world-class resources, and a community of entrepreneurs to help you acquire the perfect business. Schedule your free consultation today at AcquisitionLab.com and tell them we sent you!

🎿 Holdco Conference 2025 – The premier event for Holdco builders is coming to Utah next spring! This intimate event is for those running or planning to build a Holdco. Get your tickets now at HoldcoConference.com.

Episode Summary:
In this episode, we analyze a highly profitable fencing company in Albuquerque with $5.24M revenue and $1.25M cash flow. This business serves both residential and commercial customers and operates entirely on word-of-mouth referrals—no marketing! We discuss why fencing is an underrated business, the potential for growth through sales and expansion, and why the first buyer’s deal fell through. Chelsea Wood from Acquisition Lab brings a deep dive into valuation, financing, and growth strategy for this kind of deal.

Key Highlights:

• $5.24M revenue, $1.25M cash flow—a strong-performing business.
• Residential vs. Commercial fencing mix—what’s the better strategy?
• Zero marketing, all word-of-mouth—how much growth is left untapped?
• Real estate opportunity—should you buy or lease?
• Why the first deal fell through and how to avoid making the same mistake.
• Labor strategy—managing subcontractors vs. employees.
• Is fencing the next big home services acquisition opportunity?

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A wildlife removal franchise doing $1.8M in cash flow? We break down this unique franchise opportunity and whether it’s a smart buy.

Business Listing - https://www.bizbuysell.com/Business-Opportunity/wildlife-removal-franchise-with-corporate-and-royalty-income/2221496/

🚀 Sponsors 🚀
🔹 Edler Zain – The go-to CPA firm for entrepreneurs! Whether you need tax structuring, bookkeeping, or a fractional CFO, their Builders Package has you covered at a simple monthly price. Learn more: https://www.edlerzain.com/

🔹 HoldCo Conference 2025 – The premier event for HoldCo operators! If you own multiple businesses or want to, don’t miss this intimate, strategy-focused event. Get your tickets now: https://www.holdcoconference.com

In this episode, the crew dives into a $1.8M EBITDA wildlife removal franchise headquartered in Dallas, Texas. The business started with corporate-owned locations before expanding into franchising, with units in multiple states. But does it make sense as a franchise? We explore the challenges of scaling a franchise model, the true costs of being a franchisor, and whether this business is actually worth its $4.9M asking price. Plus, our franchise expert Connor breaks down why most franchisors don’t cash flow until they hit 100+ units—a reality check for aspiring franchise buyers.

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This Kid’s Eyewear Brand Is Making Waves – Is It a Good Buy?

Business Listing - https://www.bizbuysell.com/Business-Opportunity/kids-ecommerce-brand-unbreakable-glasses-and-prescription-eyewear/2284928/

Sponsors:

Capital Pad – The marketplace for acquisition entrepreneurs and investors. Find or fund your next business acquisition at CapitalPad.com.

HoldCo Conference 2025 – Learn how to scale and manage multiple businesses. Join us in Utah and get 10% off with code AAPOD at HoldCoConference.com.

In this episode, the hosts dive into a 12-year-old, e-commerce eyewear brand specializing in unbreakable glasses for kids. With $3M in asking price, $770K in cash flow, and a 40% repeat customer rate, this business has solid financials. But is its dependency on a Blippi licensing deal a risk or an opportunity? The team debates supplier concentration, advertising reliance, and the true scalability of this business. Could this be an SBA-loan-friendly buy, or is there a hidden catch?

Key Highlights:
📍 12-year-old eyewear brand with a strong reputation and over 10,000 five-star reviews.
💰 $3M asking price, 3.5x cash flow multiple – is it priced right?
🔁 40% repeat customer rate – strong retention or just high breakage?
🏭 Manufactured in Italy, assembled in the USA – is supplier concentration a concern?
📈 62K website visitors/month driven by Google & Meta ads – is the business too ad-dependent?
👓 Exclusive Blippi eyewear licensing deal – an asset or a looming expiration risk?
📦 In-house optical lab and fulfillment – a moat or an unnecessary burden?
🏦 SBA loan potential and the possibility of seller rollover equity.

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In this episode, the hosts break down a North Carolina-based landscaping business listed for $9 million, generating $1.8M in EBITDA on $8.2M in revenue. Sounds great, right? Not so fast. They dive into hidden risks like customer contracts, labor concerns, and equipment valuation to determine if this is truly a great deal—or a potential headache.

With 52 employees, $2.3M in equipment, and major growth potential, there’s a lot to love… but also some red flags. They discuss why the seller is moving on, the impact of H2B visa labor risks, and the real cash flow number buyers should consider before making a bid. If you’re eyeing a blue-collar business acquisition, this episode is packed with insights!

🚀 Our Sponsors:

Elder Zain – The CPA firm for entrepreneurs, now offering the Builder’s Package: a full-stack CPA solution for tax, bookkeeping, and fractional CFO needs—all at one simple monthly price. Learn more at edlerzain.com.

HoldCo Conference – The must-attend event for business owners and investors in the holdco space. Stay tuned for more details!

📢 Follow Acquisitions Anonymous for more great deals:
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