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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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

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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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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

A bizarre $6K duck decoy business from Canada raises eyebrows and questions in this wild episode.

Business Listing - https://buyandsellabusiness.com/business-opportunities/2828/unique-and-successful-hunting-decoy-manufacturing-operations

💼 Sponsors:

Capital Pad – Buying a small business and need funding? Or looking to invest in others' deals? Capital Pad is the go-to marketplace for acquisition entrepreneurs and investors. It handles all the legal and governance headaches so you can focus on deals. Backed by entrepreneur Travis Jamison. Check out https://capitalpad.com and tell them Acquisitions Anonymous sent you!

Franchise Help with Connor Groce – Curious about franchising? Connor Groce, franchise expert and operator, helps people navigate the franchise world. He owns multiple franchises and now helps others find the right fit. https://www.connorgroce.com

In this episode, the hosts dissect a truly odd listing — a duck decoy manufacturing business for sale in Canada for just $5,999 CAD. With reported gross revenues of $500,000 and earnings of $25,000 (from 2018), the team explores if this could be a garage-cleanout or a diamond in the rough. From foreign exchange confusion to speculation about what's actually being sold, this episode highlights the weird, wonderful, and often questionable world of micro-acquisitions.

Key Highlights:

- A Canadian duck decoy business priced at just ~$4,300 USD
- Earnings based on outdated 2018 data
- Speculation on whether it’s a hobby, real business, or inventory liquidation
- Discussion on 5% margins and the dangers of thin profit businesses
- Why side hustles can be a great launchpad for new entrepreneurs
- Thoughts on niche e-commerce and Craigslist deal hunting

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

The team dives into a rare listing — a $43M rural Wyoming bank for sale — and uncovers why this deal might be too good (or strange) to be true.

Business Listing - https://dealstream.com/d/biz-sale/banks/9kphsq

💼 Sponsors:

Capital Pad – Want to buy a small business but need funding? Or want to invest in someone else's acquisition? Capital Pad is a marketplace for acquisition entrepreneurs and investors. Founded by Travis Jamison, it simplifies governance, terms, and distributions. Professionalize your investing experience at https://www.capitalpad.com and tell them Acquisitions Anonymous sent you!

VISO Business Capital – Financing a business acquisition? Heather and her team at VISO Capital work with 30+ lenders to match buyers with the best SBA loan options. Sign up for a free live Q&A and find the right deal structure faster: https://www.visiocap.net → click “Zoom Signup”

In this episode, the hosts examine a highly unusual business listing: a $43 million bank for sale in rural Wyoming. During the episode the hosts dive into the pros and cons of owning a small bank in today's complex regulatory environment. What starts as an intriguing opportunity turns into a masterclass on financial regulation, rural market dynamics, and how bank ownership works in the U.S. Tune in to hear why owning a bank isn’t as glamorous (or easy) as it sounds.

Key Highlights:
- A $43M bank for sale in Wyoming appears in a public listing
- Regulatory burden makes small banks hard to operate profitably
- Discussion of community banks, consolidation, and compliance challenges
- Real-world anecdote about a failed attempt to acquire a bank
- Breakdown of what an “S charter” means and how banks are structured
- Speculation on why this bank is listed publicly and what might be wrong with it
- Heather's deep insight into the banking industry and SBA financing

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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

A seemingly great HVAC business in Las Vegas takes a twist as the hosts uncover surprising details.

Business Listing - https://www.bizbuysell.com/business-opportunity/keys-to-las-vegas-casino-hotels/2363607/

💼 Sponsors:

Acquisition Lab – Ready to buy a business but unsure where to start? Acquisition Lab, founded by Harvard MBA Walker Deibel, offers elite support for buying your dream business. Join a world-class community and access exclusive resources. Get your free consultation at https://www.acquisitionlab.com and tell them Acquisitions Anonymous sent you!

Franchise Consulting with Connor Groce – Thinking about buying a franchise? Connor Groce is a franchise expert who owns and operates several franchises and helps others find the perfect fit. Join his newsletter at https://www.connorgroce.com

In this episode, the Acquanon team dives into a Las Vegas-based HVAC service company listing—initially appearing as a promising deal with strong financials. With guest Travis Jamison joining the hosts, they explore the business’s margins, customer concentration, and ultimately uncover that the “HVAC” label may actually refer to a more niche and fire-safety-related service. Things take a surprising turn when they accidentally identify the owner behind the listing, shedding light on how critical relationship-based contracts and context can be when analyzing a potential acquisition.

Key Highlights:

- HVAC business listing with $9M asking price and $2.4M in cash flow
- High customer concentration with large Las Vegas casino clients
- Discovery that the business might actually be commercial kitchen exhaust cleaning
- Concerns about the accuracy of financials and potential underpricing
- Discussion on how relationships drive value and risk in service businesses
- Financing challenges for businesses in the $5–9M range
- Broader conversation on the changing face of Las Vegas and its impact on service demand

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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