In this episode, the hosts break down an overpriced, confusingly diversified urgent care and med spa hybrid in Orange County, exploring why it's unlikely to trade at the asking price.

Business Listing – https://www.bizbuysell.com/Business-Opportunity/urgent-care-for-kids-and-adults-full-service-plus-med-spa-3405-sqft/2323118/

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.

Sponsors:

This episode is sponsored by OpenPhone — the modern phone system built for founders and operators. OpenPhone lets you create dedicated business numbers that work right from your existing phone or desktop. You get features like auto-replies, shared inboxes, call recording, integrations with tools like Slack and HubSpot—and best of all, you look way more professional.

We use OpenPhone here at Acquisitions Anonymous. It keeps our personal lives separate, our teams in sync, and our deals moving fast.

Head to https://www.openphone.com/aapod for more info.

Verivend – Simplify your capital calls and LP payments with Verivend’s frictionless, secure platform. No more wires, no more hassle. Learn more at https://www.verivend.com

The hosts dive into a peculiar $8M listing for a hybrid urgent care and med spa based in South Orange County, California. Pulling in $3.5M in gross revenue with $1.5M in seller’s discretionary earnings, the business claims to offer everything from urgent care and COVID testing

Key Highlights:
- $3.5M revenue, $1.5M SDE, asking $8M (5x+ multiple)
- Located in affluent South Orange County, CA
- Services range from urgent care to med spa and STD testing
- Owner is “very semi-absentee” and willing to stay on
- Hosts question valuation, mixed identity, and transaction viability

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The hosts break down a Wyoming ski resort open just 40 days a year, calling it an amazing local novelty — but likely worth zero as an investment.

Business Listing – https://beartoothbasin.com/for-sale

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.

💼 This episode is sponsored by Verivend — the platform built for independent sponsors and private market investors to move faster and cut out friction. From raising to returning capital, Verivend streamlines investment management with instant, secure payments and automatic reconciliation. It’s like Venmo for capital calls, deployments, and distributions — all with no transaction limits. Learn more at https://www.verivend.com.

🧠 Powered by Acquisition Lab — founded by Harvard MBA Walker Deibel, the Lab helps aspiring business buyers navigate search, diligence, and acquisition with expert support and community. Head to https://www.acquisitionlab.com

In this episode, the team tackles one of the quirkiest deals ever sent in by a listener — a tiny ski area in Wyoming and Montana that only operates during the summer. Tucked away off a seasonal mountain highway, this resort offers about 40 days of skiing each year. With two high-speed lifts running on diesel generators, capped daily tickets at just 100 skiers, and pricing of $50 a day, the business might top out at $200K in annual revenue under perfect conditions.

Key Highlights:
- Located on a seasonal highway with a 20-year forest service permit over 90 acres
- Open only ~40 days a year, with capped daily revenue of ~$5K
- Includes two high-speed lifts, three snowcats, seven trailers, and all tools
- Powered entirely by portable diesel generators — no built infrastructure
- Raises the question: why just $50 tickets for such a unique experience?
- Everyone agrees it’s a super cool concept, just not a business that cash flows

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• Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.
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Michael and Heather break down a $1.35M aerial ropes course adventure park for sale in the Colorado mountains, questioning if it's a business or just an expensive hobby gone wrong.

Business Listing – https://www.bizbuysell.com/business-opportunity/don-t-miss-amazing-aerial-ropes-course-adventure-park-in-bailey-co/2366740/

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.

💸 This episode is sponsored by Capital Pad — the go-to marketplace for connecting acquisition entrepreneurs with investors. Whether you're buying a business or want to back someone who is, Capital Pad streamlines the entire process. Check them out at https://www.capitalpad.com

🧠 Powered by Acquisition Lab — founded by Harvard MBA Walker Deibel, the Lab helps aspiring business buyers navigate search, diligence, and acquisition with expert support and community. Head to https://www.acquisitionlab.com

In this episode, Michael Girdley and Heather Endresen dive into a unique business listing: a $1.35 million aerial adventure and ropes course park located outside Bailey, Colorado. The business sits on 12 commercial acres with a yurt office, restrooms, and a 916 sq ft building. Despite claiming top-tier equipment and 13 employees, the listing frustratingly reveals no financials—no revenue, no EBITDA, and questionable real estate clarity.

Key Highlights:
- Asking $1.35M for an aerial adventure park on 12 acres near Bailey, Colorado
- No revenue, EBITDA, or real estate clarity disclosed—raising major red flags
- Highly seasonal, heavy marketing needs, plus liability insurance due to inherent risks
- Likely built as a wealthy owner’s “fun hobby,” now trying to sell
- Michael and Heather both give a clear thumbs down on pursuing this deal

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• Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.
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For inquiries or suggestions, email us at contact@acquanon.com

Michael and Heather break down an Estonian e-commerce business selling lighting kits for LEGO sets, questioning its steep 7x EBITDA price tag amid thin margins, one-time buyers, and China sourcing risks.

Business Listing – https://www.bizbuysell.com/Business-Opportunity/lights-for-lego-game-of-bricks/2322004/

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.

💼 This episode is sponsored by Verivend — the platform built for independent sponsors and private market investors to move faster and cut out friction. From raising to returning capital, Verivend streamlines investment management with instant, secure payments and automatic reconciliation. It’s like Venmo for capital calls, deployments, and distributions — all with no transaction limits. Learn more at https://www.verivend.com

📈 Also 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!

This week, Michael Girdley and Heather Endresen dissect a fascinating e-commerce deal out of Tallinn, Estonia: a business that sells lighting kits designed to supercharge LEGO displays. With $3.7M in annual revenue and $500K in EBITDA, it’s priced ambitiously at $3.5M — roughly 7x EBITDA — raising plenty of red flags.

Key Highlights:

- Asking $3.5M on $500K EBITDA (~7x), 13% net margins
- 20% customer return rate suggests mostly one-time buyers
- Likely sourcing from China, possible drop-shipping under de minimis rule
- Geopolitical & tariff risks could hit future margins hard
- Hosts conclude it’s a cool niche, but overpriced — fair multiple closer to 3.5-4x

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• Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.
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For inquiries or suggestions, email us at contact@acquanon.com

Connor and Heather break down a $2.6M Manhattan boutique stretching franchise, debating its “passive” claims, premium valuation, and if the trendy concept will stand the test of time.

Business Listing – https://www.bizbuysell.com/business-opportunity/network-of-3-passive-boutique-wellness-centers-in-nyc/2308977/

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
Looking to buy a small business or back someone who is? Capital Pad is a game-changing marketplace that connects acquisition entrepreneurs with capital. With standardized terms and governance, it makes investing in small businesses simple and transparent. Visit 👉 https://www.capitalpad.com and tell them Acquisitions Anonymous sent you!

In this episode, Connor Groce and Heather Endresen take over the podcast to dive into a unique franchise resale: a network of three boutique assisted stretching studios in Manhattan, listed for $2.6 million. With gross revenues of $3.6M and cash flow of $536K, the business boasts an executive management model, minimal COGS, and strong recurring membership revenue — all packed into under 1,500 sq ft per location.

Key Highlights:

- Asking price of $2.6M on $536K cash flow, with $3.6M in revenue
- Three boutique stretching studios across Manhattan with heavy foot traffic
- Less than 1% COGS, but dependent on 1:1 labor model and younger staff
- Established in 2022 under a fast-growing wellness franchise brand
- Potential SBA financing hurdles for wealthy buyers due to liquidity rules
- Connor admits he underestimated the business model back in 2019
- Both hosts worry about concept longevity vs. paying a premium multiple

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

In this episode, Connor and Heather break down a $10.9M Primrose School franchise in Dallas-Fort Worth that includes real estate, debating financing hurdles, valuation quirks, and who the ideal owner really is.

Business Listing - https://www.bizbuysell.com/business-opportunity/top-dfw-suburban-primrose-school/2362698/

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.

💼 This episode is sponsored by Verivend
Verivend is the only platform purpose-built for independent sponsors and private market investors who want to move faster and eliminate friction. From raising capital to returning it, Verivend combines investment management and secure, instant payments—all in one place. Capital calls, deployments, and distributions work like Venmo: one-click, real-time transfers with no transaction limits and automatic reconciliation.

Whether you’re raising a single deal or managing a full fund, Verivend gives you the speed and confidence to execute. Explore Verivend at verivend.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!

Episode Summary:
Connor Groce and Heather Endresen dive into a rare Primrose School franchise resale in the Dallas-Fort Worth suburbs. With an asking price of $10.9 million, this deal combines a thriving childcare operation grossing $3 million with SDE around $1.3 million, plus the value of owned real estate—though frustratingly, the listing doesn’t break out how much the property is actually worth.

Key Highlights:
- Asking price of $10.9M for the business + real estate in DFW
- Generates $3M in revenue and around $1.3M SDE, though real estate value isn’t broken out
- Pre-approved for SBA financing with 10–15% down, but likely needs a split 7(a) and 504 loan
- High-end clientele thanks to Primrose’s strong brand, but tough to expand without building a new location
- Discussion on sale-leasebacks vs. owning, and how this impacts valuation and cash flow
- Connor & Heather debate whether it’s right for a typical buyer—landlord-heavy investment, very hands-on, not ideal for a passive owner
- Primrose’s reputation demands owners deeply involved in the community, often with young families themselves

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Mills uncovers a quirky wedding venue and horse boarding business for sale on Facebook, and the team dives deep into the pros, cons, and hidden challenges of buying a property-dependent small business.

🚀 Sponsors:
💼 Capital Pad – The go-to marketplace for acquisition entrepreneurs. Need capital or want to back a business buyer? CapitalPad handles standardized terms, governance, and distributions so you can focus on the deal. Learn more at https://www.capitalpad.com and tell them Acquisitions Anonymous sent you!

📈 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 breaks down a Facebook-listed wedding venue and horse boarding business in South Carolina. They explore the unique challenges of revenue optimization when your business runs on 52 Saturdays a year, how to value a business tied to real estate, and the pros and cons of seller-financed deals. Plus, they reflect on lifestyle businesses, nights-and-weekends operations, and the quirks of buying directly from owners.

Key Highlights:

- The surprising flexibility of for-sale-by-owner deals
- How real estate value and business value intersect in wedding venues
- The pros and cons of nights-and-weekends businesses
- Revenue optimization strategies for seasonal event spaces
- Why wedding venues might not suit the average searcher

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• Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.
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For inquiries or suggestions, email us at contact@acquanon.com

This episode dives into a patented bathroom innovation business that might just be the future of hygiene and dignity—yes, really!

Business Listing - https://www.bizbuysell.com/Business-Opportunity/specialty-medical-product-that-converts-any-toilet-into-a-urinal/2311299/

💰 Sponsored by Capital Pad
Looking to buy a small business or back someone who is? Capital Pad is a game-changing marketplace that connects acquisition entrepreneurs with capital. With standardized terms and governance, it makes investing in small businesses simple and transparent. Visit 👉 https://www.capitalpad.com and tell them Acquisitions Anonymous sent you!

🏪 Also Sponsored by Connor's Franchise Workshops
Thinking of buying a franchise? Connor, a multi-unit owner and franchise consultant, helps buyers pick the right opportunity. Connect with Connor or join his newsletter here 👉 https://www.connorgroce.com/

Episode Summary:
This episode analyzes a $1 million business listing for the "Euro Funnel"—a patented product that turns toilets into urinals for use in homes, hospitals, and senior care. They explore everything from its potential IP value to consumer appeal in potty training. With no financials disclosed, is this a mission-driven opportunity or just a plastic funnel?

🔑 Key Highlights:

- Breakdown of the Euro Funnel’s functionality and use cases
- The importance of financial disclosure in valuations
- Exploring alternative markets: senior care vs. toddler training
- Patent strength and the product’s design mechanics
- Best buyer profile: medical professionals or hustling entrepreneurs
- The team’s take on value-based vs. market-based pricing

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• Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.
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For inquiries or suggestions, email us at contact@acquanon.com