Episodios

  • The $18M GovCon Business
    Jan 20 2026

    In this episode, the hosts dig into a $20M revenue government contracting business that’s veteran-owned and focused on procurement for defense and healthcare — debating contract stickiness, declining revenue, and whether the business is even transferable without the founder’s special status.

    Business Listing – https://dashboard.dealforce.com/deals/profiles/profile69185.pdf

    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

    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.

    The hosts break down a fascinating (and complicated) government contracting opportunity: a Southern US-based “consulting” business that’s more accurately a supply chain procurement facilitator with $18M–$20M in revenue and a sticky niche in defense manufacturing support. It operates under a Service Disabled Veteran Owned Small Business (SDVOSB) designation, allowing it to secure federal contracts with competitive advantages — but only if the owner qualifies.

    Key Highlights:
    - ~$20M revenue, ~10% margin business with $58M in future contracts
    - Services include sourcing, procurement, logistics, and staffing for federal clients
    - SDVOSB status is essential — and may limit who can actually acquire the company
    - Potential earnings dip in 2025 raises red flags around contract loss or non-recurring revenue
    - Working capital intensity and transferability challenges make seller financing attractive

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    34 m
  • A Rolls-Royce Limo Company With a Dangerous Catch
    Jan 16 2026

    In this episode, the hosts dig into a $6.9M luxury transportation company in Dubai featuring Rolls Royce limos, juicy cashflow, and an ultra-regulated moat — but uncover big risks tied to politics, licensing, and the challenges of operating in a tightly networked Emirati ecosystem.

    Business Listing – https://synergybb.com/listings/established-and-synergistic-luxury-transport-operations-uae/

    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!

    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

    The hosts take on one of the more exotic deals ever featured on Acquisitions Anonymous: a pair of sister companies offering luxury limo services in Dubai. With $3.5M in annual revenue and $1.5M in net cashflow, the $6.9M asking price reflects a 4.6× multiple. The fleet includes Rolls Royces, the clientele includes embassies and ultra-high-net-worth individuals, and the operational moat includes tight regulation, driver visa restrictions, and limited market entry for competitors.

    Key Highlights:
    - Price & Performance: $6.9M ask, $3.5M revenue, $1.5M net cashflow (~4.6× multiple)
    - Moat: RTA licensing, driver visa control, and regulatory barriers create high exclusivity
    - Fleet: Includes luxury vehicles like Rolls Royce limos; possible asset-backed financing play
    - Risk Factors: Insider-only licenses, regulatory uncertainty, and transition instability
    - Solution Pitch: Keep founders onboard with a minority rollover to maintain licensing edge

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    • Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.
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    • Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.

    For inquiries or suggestions, email us at contact@acquanon.com

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    26 m
  • Buying a Marketing Agency in the Age of AI
    Jan 13 2026

    In this episode the hosts break down a $4.3M SBA‑eligible niche digital marketing agency serving legal clients, exploring its strong growth, high margins, client retainer model, and the risks around leverage and industry uncertainty.

    Business Listing – https://quietlight.com/listings/15442269/

    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

    In this installment of Acquisitions Anonymous, Bill and Michael are joined by Capital Pad co‑founder Travis Jamison to review an eight‑year‑old digital marketing agency focused on lead generation and strategic advertising for legal firms. With nearly $2M in revenue and ~50% year‑over‑year SDE growth, the agency boasts roughly $1M in income at ~50% net margins, 65 active clients on retainer, and no concerning client concentration. The seller has built a team of about 10 people, works only 20 hours a week, and the business is SBA‑eligible — though with a caveat around debt coverage if the new owner wants to draw a salary.

    Key Highlights:
    - Business Size & Growth: ~$2M revenue, ~50% net margins, ~47% year‑over‑year SDE growth.
    - Model: Digital marketing agency specializing in legal firm lead generation and retainers.
    - Client Base: ~65 active clients averaging ~$3,200/mo each with no heavy concentration risk.
    - SBA Notes: Eligible for SBA lending, but high multiple means max leverage might preclude owner salary.
    - Risks Noted: Changing digital marketing landscape, debt coverage concerns, founder dependency on 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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    • Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.

    For inquiries or suggestions, email us at contact@acquanon.com

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    32 m
  • Buying a Cold DM Business? Watch This First
    Jan 9 2026

    In this episode the hosts roast an Instagram mass‑DM SaaS deal pitched on Acquire.com, tearing into its tiny revenue, questionable value proposition, platform‑risk exposure, and why it’s probably not worth buying.

    Business Listing – https://app.acquire.com/startup/KyPEOStFQyc5IElJIxbZfkbeWnE3/VRURAPXgQl3oGbimEwyP?utm_medium=email&_hsenc=p2ANqtz-9PQ_NffkgAJrVAnAt7GRNQAS61UOlqqm9Pj6fEzkwirlwcj5NUB6UdXSTHBZs7yK96zJUPq16CTLeJSDcOBm3jGYePVg&_hsmi=394180933&utm_content=394180933&utm_source=hs_email

    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.

    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

    This week on Acquisitions Anonymous, the hosts open with some light banter about cold weather vibes and injury stories before diving into a deal that might be right up someone’s wheelhouse: an Instagram mass‑DM automation software targeted at agencies and small businesses. With an asking price of $235,000 — roughly 5.9× profit and 4.6× revenue — the tool claims 25% year‑over‑year growth, 80% margins, and the ability to send “unlimited personalized” DMs at scale. Sounds spicy — until the panel starts slicing it apart.

    Key Highlights:
    - Instagram DM outreach SaaS asking $235,000, with ~$51K TTM revenue.
    - Tiny scale: ~100–250 customers, ~$3.5K/mo revenue, ~$2.7K/mo profit.
    - Competes in a crowded, low‑barrier space with low switching costs.
    - Major platform risk — could be shut down by Instagram at any time.
    - Hosts emphasize better strategies: niche positioning or “done‑for‑you” services.

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    • 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

    Más Menos
    25 m
  • This Energy Efficiency Business Looks Great… Until You Dig In
    Jan 6 2026

    In this episode the hosts hilariously critique a New England insulation and energy‑efficiency contractor deal, debating subsidy dependency, normalized EBITDA red flags, and whether it’s a business worth owning.

    Business Listing – https://drive.google.com/file/d/1x1fQmCWxkw0Jzbhc-vGwR89oK25r91Lm/view?usp=drive_link

    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!

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

    This week on Acquisitions Anonymous, Michael, Heather, and Mills tackle a unique deal in the home services world — a premier insulation and energy‑efficiency contractor operating in New England with roughly $5.3M in annual sales and a normalized EBITDA of about $671K. The business benefits from utility‑run programs like MassSave and EnergyWise, which drive much of its lead flow, but the panel quickly zeroes in on the risks inherent in those subsidy‑dependent revenue streams and skinny net margins once normalized adjustments are factored in.

    Key Highlights:
    - New England insulation & energy efficiency contractor with $5.3M revenue.
    - Revenue driven heavily by utility subsidy programs (MassSave/EnergyWise).
    - Normalized EBITDA ~ $671K but thin net margins after realistic adjustments.
    - Discussion on dependency risk of government/utility funding.
    - Debate over true profitability once owner labor and capex are normalized.

    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

    Más Menos
    26 m
  • Best of Acquisitions Anonymous - $3.5 Million Horse School?!
    Jan 2 2026

    In this episode, the hosts break down a high-margin farrier training school in Idaho with strong social media presence, lucrative real estate, and serious lifestyle business appeal.

    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.

    This episode covers one of the most compelling lifestyle businesses ever discussed on the show: an equestrian industry school (farrier training) based in Idaho. Priced at $3.5M, including $2.2M worth of real estate, the business generates $477K in annual cash flow on $1.1M in revenue. The school offers technical hoof-care certifications ranging from 3 to 36 weeks and operates year-round.

    Key Highlights:
    - Asking Price: $3.5M including $2.2M real estate
    - EBITDA: ~$477K on $1.1M revenue (~45% margin)
    - 740K+ social followers drive student demand
    - Runs remotely, relies on local horses—no herd ownership
    - Ideal for horse lovers; founder’s brand is crucial to continuity

    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

    Más Menos
    31 m
  • Best of Acquisitions Anonymous - The $250K Port-A-Potty Business?!
    Dec 30 2025

    In this episode, the hosts dig into a port-a-potty rental company with $4.1M in revenue and a $2M price tag, revealing a capital-heavy, route-based business that's either a blue-collar dream or an operational nightmare.

    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

    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!

    In this gritty episode, the team breaks down a portable toilet rental business based in the southeastern U.S., generating $4.1M in revenue with $1.5M in EBITDA and listed for $2M—less than 1.5x earnings. The business includes over 1,000 units, 5 trucks, and a property with a discharge pond and mobile home.

    Key Highlights:
    - Asking Price: $2M; Revenue: $4.1M; EBITDA: $1.5M
    - Includes 1,000+ toilets, 5 trucks, real estate with discharge pond
    - 60% revenue from recurring construction jobs; 40% from events
    - High capex, driver and routing challenges, regulatory scrutiny
    - Seller likely fatigued; business could scale with better ops and tech

    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

    Más Menos
    33 m
  • Best of Acquisitions Anonymous - This Mattress Company Has Explosive Growth
    Dec 26 2025

    In this episode, the hosts dissect a fast-growing mattress manufacturer with $43M in revenue and shrinking margins—raising questions about customer acquisition, product differentiation, and whether this red-ocean DTC business is salvageable or doomed.

    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 week, the hosts examine a mattress manufacturing business located in the southern U.S. that scaled rapidly—from $16M in revenue to $43M in just three years—but saw EBITDA fall from $5M to $3.7M in the same period. Despite strong DTC sales through Amazon and Shopify, the business is stuck in a red ocean, with heavy competition, low differentiation, and rising customer acquisition costs.

    Key Highlights:
    - Revenue: $43M; EBITDA: $3.7M (down from $5M in 2020)
    - 3-year revenue growth from $16M to $43M
    - Over 50 branded SKUs and 1,000+ accessories
    - Owners seeking a minority equity partner for expansion
    - Major red flags: undifferentiated product, expensive growth, brutal ad competition

    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

    Más Menos
    30 m