Acquisitions Anonymous - #1 for business buying, selling and operating

In this episode the hosts review an Alabama non-emergency medical transportation business priced around $1.0–1.4M and unanimously reject the deal due to unstable earnings, questionable financial reporting, and heavy dependence on government contracts.

Business Listing – https://www.dealonomy.com/s/non-emergency-medical-van-transportation

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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HubSpot is the backbone for how businesses scale without chaos. Try them out here: https://go.try-hubspot.com/OeG9Vr

💰 Sponsored by:
Viso Business Capital
Viso Business Capital helps acquisition entrepreneurs secure the right SBA loan by matching them with lenders that fit their specific deal. With access to over 30 lending partners, they streamline the financing process so buyers can close faster and with better terms. Sign up for a free live Q&A on SBA loans at https://www.visocap.net

Quiet Light Brokerage
Quiet Light Brokerage specializes in helping entrepreneurs buy and sell businesses with experienced operators as brokers. They offer a free valuation clarity call to help owners understand what their business is worth and how to increase its value before selling. Learn more at https://quietlight.com/
This episode analyzes a non-emergency medical transportation (NEMT) company in Alabama generating roughly $3M in revenue and about $376K in seller’s discretionary earnings, with an asking price between $1.0M and $1.4M. The business operates a fleet of specialized vehicles transporting patients to medical appointments under government and institutional contracts, including federal agreements that drive a significant portion of revenue.

Key Highlights Section:
- $3M revenue, ~$376K SDE, asking $1.0M–$1.4M (~3–4x multiple)
- Recent financial volatility, including losses in prior year
- Heavy reliance on government or Medicaid-related contracts
- Asset-heavy model requiring fleet utilization discipline
- Unanimous thumbs-down from hosts due to risk and data quality concerns
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In this episode the hosts evaluate a Miami-based architectural sign manufacturer generating roughly $1.9M in seller earnings, debating whether its attractive 3.3x multiple hides customer concentration risk and heavy dependence on the retiring owners’ relationships.

Business Listing – https://www.bizquest.com/business-for-sale/architectural-sign-manufacturer/BW1920184/

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.
Looking to build a professional website in minutes? Try Wix: https://wix.pxf.io/c/6898629/3115214/25616?trafcat=template

HubSpot is the backbone for how businesses scale without chaos. Try them out here: https://go.try-hubspot.com/OeG9Vr
Looking to build a professional website in minutes? Try Wix: https://wix.pxf.io/c/6898629/3115214/25616?trafcat=template

HubSpot is the backbone for how businesses scale without chaos. Try them out here: https://go.try-hubspot.com/OeG9Vr

💰 Sponsored by:
HighLevel
HighLevel is an all-in-one CRM platform that helps small businesses manage emails, SMS campaigns, funnels, and customer relationships in one place. It’s designed to simplify operations and automate follow-ups so owners can focus on growth instead of juggling multiple tools. Automate, manage, and grow your business at https://www.gohighlevel.com

Capital Pad
Capital Pad is a marketplace that connects acquisition entrepreneurs with investors ready to fund deals. They standardize governance, terms, and distributions—making it much easier to raise capital or invest in small business acquisitions with confidence. Discover exclusive opportunities at https://capitalpad.com

This episode features a searcher bringing a real deal he’s considering: a Miami-based architectural sign manufacturing company with approximately $6.9M in revenue and $1.9M in seller’s discretionary earnings, listed for $6.3M (about 3.3x SDE). The business specializes in high-end signage for large commercial clients—including cruise lines, hotels, and hospitals—and operates from a 17,000-square-foot facility with separate real estate valued at roughly $4.7M.

Key Highlights:
- $6.9M revenue, $1.9M SDE, asking $6.3M (~3.3x multiple)
- High-end architectural sign manufacturer serving cruise lines and hospitals
- Real estate valued at $4.7M sold separately with seller financing
- Major diligence risks: customer concentration, project-based revenue, owner dependency
- Only one month transition offered—significant operational risk
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In this episode, the hosts review the franchise disclosure document for Comfort Keepers and debate whether senior in-home care franchising is a scalable wealth builder—or a people-management headache best left to the right operator.

Business Listing – https://drive.google.com/file/d/1r5H1kMC9XeqI5RudHPEJGf4iD-7hcNCl/view?usp=sharing

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.

Looking to build a professional website in minutes? Try Wix: https://wix.pxf.io/c/6898629/3115214/25616?trafcat=template

HubSpot is the backbone for how businesses scale without chaos. Try them out here: https://go.try-hubspot.com/OeG9Vr

💰 Sponsored by:
FRANZY - Thinking about buying a franchise instead of an independent business? FRANZY is a free platform built for acquisition-minded entrepreneurs who want to explore franchise ownership without broker bias. FRANZY matches you with franchise opportunities based on your capital, goals, and lifestyle—and includes free coaching from experienced franchise operators. If you're exploring ETA but want a structured, system-driven alternative, check out https://franzy.com/

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

This week, Alex Smereczniak joins the show to walk through something we rarely analyze: a full Franchise Disclosure Document (FDD). The focus is on Comfort Keepers, a non-medical in-home senior care franchise with over 600 units and decades of operating history. The hosts dig into Item 7 (startup costs), Item 19 (unit-level financial performance), and Item 20 (unit openings and closures) to evaluate the system’s health. Startup costs range roughly $100K–$160K, largely working capital. Mature units average well into seven figures in revenue, with top performers exceeding $20M annually. Closures are relatively low, and most franchisees have operated for 7+ years—strong signals for system stability.

Key Highlights:
- Senior in-home care franchise with 600+ locations and long operating history
- Startup cost: ~$100K–$160K; revenue potential into 7 figures
- Majority of units operating 7+ years; relatively low closures
- Labor-heavy model with 25–100 caregivers per territory
- Macro demographic tailwinds: aging population drives demand
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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 [email protected]

In this episode the hosts evaluate a niche aerospace and military parts distributor earning $1.9M EBITDA, debating whether its high margins and sticky customers outweigh the risks of extreme customer concentration and geopolitical exposure.

Business Listing – https://mail.mixmax.com/m/xi0KeLAu5yQZPLwgc

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.
Looking to build a professional website in minutes? Try Wix: https://wix.pxf.io/c/6898629/3115214/25616?trafcat=template

HubSpot is the backbone for how businesses scale without chaos. Try them out here: https://go.try-hubspot.com/OeG9Vr

💰 Sponsored by:
HighLevel
HighLevel is an all-in-one CRM platform designed for small businesses that want to manage email, SMS campaigns, funnels, and customer relationships in one place. Think of it as the Swiss Army knife for operations and marketing—helping owners automate follow-ups, streamline communications, and scale growth without juggling multiple tools. Automate, manage, and grow your business at https://www.gohighlevel.com

Viso Business Capital
Viso Business Capital helps buyers secure the right SBA loan structure by working with over 30 lenders to find the best rate and fastest path to closing. Whether you're a first-time buyer or experienced operator, their team helps you navigate financing complexity so you can focus on winning the deal. Sign up for a free live Q&A on SBA loans at https://www.visocap.net

This episode features a specialized aerospace and defense parts distributor generating $8.2M in revenue and approximately $1.9M in adjusted EBITDA, with an asking price of about 4.2x earnings. The company focuses exclusively on exporting U.S.-manufactured military-grade components—such as connectors, switches, and precision hardware—to international defense and aerospace customers. Its lean operating model and compliance infrastructure allow it to maintain unusually high margins for a distributor, approaching 25%.

Key Highlights :
- $8.2M revenue, $1.9M EBITDA, asking roughly 4.2x multiple
- 95% of revenue from five customers—extreme but typical concentration in defense supply chains
- High-margin niche distribution business with strong compliance and export capabilities
- Significant working capital and inventory requirements likely needed at closing
- Growth depends on expanding into new countries or defense programs
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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 [email protected]

In this episode the hosts talk about buying a 49-year-old California courier business generating $770K in cash flow—but debate whether the 5x multiple is justified given growth limits, customer concentration risk, and potential regulatory threats to its 1099 driver model.

Business Listing – https://www.bizquest.com/business-for-sale/profitable-courier-business-for-sale-in-california/BW2474620/

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 episode dives into a long-standing courier company located on California’s Central Coast serving Ventura, Santa Barbara, and San Luis Obispo counties. The business generates approximately $2.6M in revenue and $770K in seller’s discretionary earnings, with an asking price of $3.85M (5x SDE). Its asset-light model relies on independent contractor drivers using their own vehicles, resulting in strong margins near 30% and minimal capital expenditure requirements.

Key Highlights:
- $2.6M revenue, $770K SDE, asking $3.85M (5x multiple)
- 49-year operating history with 16 years under current ownership
- Asset-light model using 1099 drivers and zero vehicle ownership
- Major risks: customer concentration, working capital timing, regulatory changes
- Likely requires ~$1.6M equity and strong seller transition support
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 [email protected]