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.

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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.

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