A pool club priced at 56x earnings? The team breaks down one of the strangest listings they've ever seen—and tries to make sense of it.

Business Listing – https://murphybusiness.com/business-brokerage/detail/21225/popular-swim-club-for-sale/

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In this episode, Michael, Heather, and guest co-host Travis Jamison of Capital Pad dissect a wildly overpriced swim club listing in New Jersey—priced at 56 times earnings. They dig into the real estate angle, the potential (and limitations) of seasonal community clubs, and the headaches of financing a business with minimal cash flow. Along the way, Travis shares updates on Capital Pad, Heather dishes out some New Jersey trivia, and the crew debates whether the worst listings hide the best opportunities.

Key Highlights:

• A deep dive into a New Jersey swim club priced at $3.75M with just $67K in earnings.
• Why bad listings might actually hide great deals—sometimes.
• Real estate vs. business value: when property worth overshadows cash flow.
• Heather and Travis talk investor/sponsor matchmaking via Capital Pad.
• Financing challenges for low-earning, high-asset deals.
• Lifeguard war stories, Jersey Shore property trivia, and more.

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