In this episode, the hosts break down a once-in-a-lifetime opportunity to own a floating pizza restaurant in the Virgin Islands—complete with a pizza armada, liquor license, and serious island vibes—all priced at under 1x earnings.

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:
Big thanks to GoHighLevel for sponsoring this episode! GoHighLevel is the all-in-one CRM that helps small businesses manage emails, texts, funnels, and more. It’s the Swiss Army Knife for modern operators—and you can try it free for 30 days at https://gohighlevel.com

This emergency pod highlights a truly unforgettable listing: a fully operational pizza boat, moored in the crystal-clear waters of Christmas Cove, US Virgin Islands. The deal includes three boats, a commercial-grade pizza kitchen, a liquor license, a merch store, and even a 2008 Ford Explorer—all for just $425K, with cash flow reported between $250K–$500K.

Key Highlights:
- Asking price: $425,000; Cash flow: $250K–$500K
- Includes 3 boats, commercial kitchen, liquor license, SUV
- Located on a protected mooring in Christmas Cove (mooring lease = $1,083/year)
- Strong social media and TripAdvisor presence; #1 rated restaurant in St. Thomas
- Potential risks: hurricane exposure, island lifestyle burnout, staff reliability

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In this episode, the hosts break down an absurdly profitable worm farm in rural California that claims $1.5M in cash flow and may be one of the best deals they've ever seen—if it's real.

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:
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.

Capital Pad – A platform connecting accredited investors with vetted small business acquisition deals. Discover exclusive opportunities at https://capitalpad.com

In one of the most entertaining and surprising episodes of Acquisitions Anonymous, the full host crew digs into a worm farm listed for $1.8M with a jaw-dropping $1.5M in purported cash flow. Based in rural Durham, California, this business sells worms, worm castings, and premium soil blends, while also running an educational foundation and e-commerce operation with absurdly high average order values.

Key Highlights:
- Asking Price: $1.8M with claimed $1.5M in cash flow
- Located on 10 leased acres in rural Northern California
- Includes $1.35M in inventory and $400K in equipment
- Educational non-profit and e-commerce add extra revenue streams
- Potential risks: Lease structure, inflated financials, niche operations

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In this episode the hosts dive into a $4.5M, 12‑bed Los Angeles drug and alcohol rehab facility deal with $4M revenue and $1M SDE, unpacking utilization trends, regulatory risks (MSO/CPOM), and why it might not be a compelling acquisition as‑is.

Business Listing – https://www.bizbuysell.com/business-opportunity/drug-and-alcohol-rehabilitation-facilities/2447669/

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

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.

In this episode of Acquisitions Anonymous, Bill D’Alessandro, Heather Endresen, Mills Snell, and Chelsea Wood break down a mid‑market drug and alcohol rehabilitation business in Los Angeles County listed for $4.5M with about $4M in annual revenue and $1M in SDE. The business operates two licensed detox and residential facilities with 12 beds, offers a spectrum of evidence‑based therapies (CBT, DBT, EMDR, family therapy), and maintains Joint Commission accreditation and DHCS licensing. While the model appears scalable with high‑margin services, the panel highlights concerning utilization trends and forecasting assumptions baked into the seller’s projections.

Key Highlights:
- Deal Specifics: 12‑bed rehab facility in LA County, $4M revenue, $1M SDE, $4.5M asking price.
- Utilization Trends: Declining from ~78% to ~53% with optimistic future forecast that seems questionable.
- Regulatory Risk: Corporate practice of medicine/state licensure complexity in California (MSO workaround concerns).
- Payer Mix & Revenue Drivers: High average daily revenue per patient but mixed insurance/private pay impacts lender appetite.
- Consensus Verdict: Thumbs down for this deal — regulatory friction, utilization risks, and mid‑market performance dampen attractiveness.

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Interested in buying a franchise? Check out Connor's website here: https://connorgroce.com/lander

Come to HoldCo Conference for business owners, Feb 9-11 → https://links.girdley.com/hcc-yt

In this rerun episode, the hosts revisit a $65K Utah Christmas tree lot deal and debate whether this nostalgic seasonal hustle is worth the location headaches and short sales window.

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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👋 Follow the Hosts
Michael Girdley – Entrepreneur & investor. Twitter: https://twitter.com/girdley
Bill D’Alessandro – CEO of Elements Brands. Twitter: https://twitter.com/BillDA
Heather Endresen – SBA lending expert & advisor. Twitter: https://twitter.com/EndresenHeather
Mills Snell – Small business investor & advisor. Twitter: https://twitter.com/thegeneralmills

We’re bringing back a listener favorite: a seasonal Christmas tree lot in Southern Utah County listed for $65K, with $29K in cash flow on $85K in revenue. It includes $2K in equipment, $1,750 in inventory, and seller financing at 5%.

With 10+ years in business and a loyal customer base, it sounds promising—until you find out there's no guaranteed location or lease. That one detail sparks a lively debate on whether this is a low-risk side hustle or a logistically doomed venture.

Michael, Bill, and Heather break down the seasonal business model, the importance of location in retail, and whether this business is worth buying—or just replicating from scratch.

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In this episode the hosts dig into a $7.1 M cash‑price listing for a specialty pharmacy in Beverly Hills — evaluating its 1.49 M EBITDA, market position and regulatory complexity to see whether it’s a viable acquisition.

Business Listing – https://www.bizbuysell.com/business-opportunity/specialty-medical-pharmacy-in-prime-southern-california-location/2445305/

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.

Capital Pad – A platform connecting accredited investors with vetted small business acquisition deals. Discover exclusive opportunities at https://capitalpad.com

This episode of Acquisitions Anonymous breaks down a real‑world potential buy of a specialty (medical) pharmacy based in Beverly Hills, California. The listing claims a 2025 expected revenue of about $6.2 M with $1.49 M in EBITDA/SDE, monthly rent around $9,167, and an asking price of $7.1 M — roughly 4.75× trailing earnings. The sellers are motivated by acute health issues and retirement, which introduces urgency. The hosts explore both the upside — a long‑established business in a wealthy market, high margins, and niche specialty‑pharmacy demand — and the downsides: regulatory/licensure hurdles, dependence on skilled pharmacists, insurance/payer access challenges, and the uncertainty of consistency in earnings.

Key Highlights:
- Asking price: $7.1 M cash, with stated EBITDA/SDE of $1.49 M → ~4.75× multiple.
- Business profile: Long‑established (since ~1980), located in affluent Beverly Hills, servicing specialty prescriptions (potentially high‑cost biologics, pain, immunology, chemo) rather than typical retail offerings.
- Opportunity: High margins (claimed ~25%) — above what might be expected for a typical low‑margin compounding pharmacy.
- Risks: Regulatory/licensure risk under the California pharmacy law: any change in ownership or control requires approval by the board before the transaction can close.
- Execution risk: Because the seller is reportedly ill and likely a “forced seller,” there may be pressure to close quickly — which compresses time for due diligence on payer contracts, referral sources, license transfers, and underlying quality-of-earnings.

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In this episode the hosts walk through evaluating a potential acquisition of a Houston‑area elevator services company, debating whether a 7.5× EBITDA asking price can pencil out given the financing constraints and growth challenges.

Business Listing - https://www.bizbuysell.com/business-opportunity/strong-cash-flow-elevator-services-business-houston-texas/2439153/?J=bot&bn=114637964&bd=20251110&utm_source=bizbuysell&utm_medium=emailsite&utm_campaign=htmlbot

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

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!

This episode dives into a deal on an established elevator services business based in Houston (with a secondary branch in San Antonio), generating about $5.2 million in revenue and roughly $1.4 million in EBITDA — putting the asking price at roughly $11 million (≈ 7.5× EBITDA). The business offers elevator maintenance, modernization, repair, and installation to commercial, industrial, and institutional clients, with 23 technicians, a fleet of service vehicles, and long‑standing maintenance contracts, giving it recurring cash flow and limited customer concentration.

Key Highlights:
- Asking price: $11 M, with $5.2 M revenue → $1.4 M EBITDA (~27% margin)
- Business: 22‑year established elevator services firm in Houston + San Antonio with 23‑employee workforce, service fleet, maintenance contracts, and recurring client base
- Key strengths: Stable recurring revenue, high margin, regulatory/regional barriers to entry, limited customer concentration, clean financials
- Main challenges: Growth seems limited, financing is tricky — too big for SBA standard threshold, too small for traditional debt; likely need large equity injection (~40–50%)
- Industry context: Elevator service/maintenance is a niche with stable demand, but the value creation upside may rely on consolidation, scale, or roll-up strategy rather than organic growth

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In this episode the hosts dissect a bankruptcy‑sale opportunity involving dolphin‑habitat real estate in the Riviera Maya, Mexico — and explore whether the outsized risk of “ditch‑risk” is worth the potential payoff.

Business Listing – https://www.keen-summit.com/project/bankruptcy-sale-dolphin-aquariums-real-estate/

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!

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.

This episode focuses on a unique acquisition opportunity: a debtor’s assets in bankruptcy that include three parcels in the Riviera Maya (near Cancun) — one developed property with a ~71,000 ft² dolphin habitat, and two undeveloped commercial‐zoned lots adjacent to a major luxury outlet mall and the Cancun airport. The listing is marketed via the bankruptcy court (in Delaware) on behalf of the debtor Leisure Investment Holdings LLC.

Key Highlights:
- Opportunity: Three parcels in Riviera Maya (Mexico) including a dolphin habitat (~71k ft²) & commercial‐zoned land near major outlet mall & airport.
- Structure: Bankruptcy court‐administered sale; buyer must navigate liens, foreclosure history, foreign title risk.
- Industry risk: “Experience” business with captive dolphins is under regulatory/social pressure; decline in captive marine attractions cited.
- Foreign/operational risk: Real estate in Mexico + tourism zone + previous failing business = high risk of security, regulatory, title issues (“ditch‐risk”).
- Redevelopment potential: If the marine attraction is jettisoned, land could be repositioned for resort, wedding venue, outlet‐adjacent commercial use—but competition and local developer awareness likely high.

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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?

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