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

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

Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley
Acquisitions Anonymous - #1 for business buying, selling and operating
Latest episode

506 episodes

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

    How Much Is a Portable Toilet Business Worth?

    2026/06/05 | 33 mins.
    In this episode, the hosts break down a Wisconsin porta-potty rental business discovered by an AI-powered deal-sourcing agent, debating whether its strong cash flow and niche market justify a seemingly overpriced valuation.

    Business Listing – https://www.bizbuysell.com/business-opportunity/turnkey-cash-machine-48-cash-flow-recession-proof-porta-potty-wi/2464942/

    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

    Subscribe for more episodes: https://www.youtube.com/@AcquisitionsAnonymousPodcast?sub_confirmation=1

    Subscribe to our Newsletter: https://www.acquanon.com/newsletter

    💰 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/ 

    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/

    The Acquisitions Anonymous team reviews a 30-year-old portable restroom rental business located in Wisconsin with approximately $744,000 in annual revenue and $325,000 in seller's discretionary earnings. The business is listed for $1.6 million and includes over $570,000 in equipment, trucks, and portable restroom assets. The owners are retiring after decades of operation and are willing to assist with training and licensing transition requirements.

    Key Highlights:
    - Wisconsin porta-potty rental company with $744K revenue and $325K SDE listed for $1.6M.
    - Approximately $570K of equipment included, plus trucks and portable restroom inventory.
    - Requires a Master Operator License, though the seller is willing to assist during the transition.
    - Hosts debate whether the business is worth closer to 3–4x earnings instead of the implied asking multiple.
    - Potential growth opportunity through adjacent services such as dumpster rentals and expansion into nearby communities.
    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]
  • Acquisitions Anonymous - #1 for business buying, selling and operating

    Industrial Equipment Manufacturer for Sale with Patents and Real Estate

    2026/06/02 | 37 mins.
    In this episode the hosts uncover a highly profitable niche manufacturing business in rural Virginia that produces patented thermal spray systems for aerospace and oilfield applications, sparking excitement over its recurring revenue, engineering moat, and massive growth potential.

    Business Listing – https://www.bizbuysell.com/business-opportunity/high-margin-industrial-equipment-manufacturer-70-gm-no-debt/2472503/

    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

    Subscribe for more episodes: https://www.youtube.com/@AcquisitionsAnonymousPodcast?sub_confirmation=1

    Subscribe to our Newsletter: https://www.acquanon.com/newsletter

    💰 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.

    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!

    Key Highlights:
    - Patented thermal spray manufacturing business with aerospace and oilfield customers
    - 60–70% recurring revenue from installed systems, parts, and maintenance
    - $2.5M revenue and ~$1M EBITDA at roughly a 5x asking multiple
    - Strong engineering moat with patents valid through 2035 and 2037
    - Major growth opportunity through outbound sales and expanded distribution
    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]
  • Acquisitions Anonymous - #1 for business buying, selling and operating

    How Business Brokers Make Money: Spread vs Commission Model Explained

    2026/05/29 | 40 mins.
    In this episode the hosts break down a wildly unconventional Shopify-focused business brokerage using a “spread-based” commission model, debating whether it’s a scalable innovation or just an overpriced job disguised as a business.

    Business Listing – https://mailchi.mp/websiteclosers/new-deal-alert-ma-digital-business-brokerage-shopify-ecommerce-store-sales-65-repeat-purchase-rate-100-organic-strong-community-reputation-gmfgmhkz201?e=42dc999128

    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

    Subscribe for more episodes: https://www.youtube.com/@AcquisitionsAnonymousPodcast?sub_confirmation=1

    Subscribe to our Newsletter: https://www.acquanon.com/newsletter

    💰 Sponsored by:
    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/

    CapitalPad is a private equity co-investment group for lower middle market deals. Accredited investors invest in searcher and independent sponsor transactions on a deal-by-deal basis, with minimums starting at $25K. Acquisition entrepreneurs with a deal under LOI can raise equity through CapitalPad's single-SPV structure, closing with one partner and one wire. Raise capital or invest at https://capitalpad.com

    This week on Acquisitions Anonymous, the hosts tackle one of the most meta deals they’ve ever reviewed: a business brokerage that specializes in selling Shopify and e-commerce businesses. The company claims over 230 completed deals, a 92–94% close rate, and an unusual monetization strategy where they earn a percentage of the “spread” above a seller’s expected valuation instead of charging traditional commissions. The asking price? A hefty $14.5 million.

    Key Highlights:
    - Shopify-focused brokerage claims 230+ completed deals and 85 closings in the last year alone
    - Unique “spread-based” pricing model replaces traditional broker commissions
    - Hosts discover inconsistencies between stated revenue, EBITDA, and transaction math
    - Debate over whether the business is scalable infrastructure or simply “buying a job”
    - Asking price of $14.5M sparks major skepticism from the panel
    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]
  • Acquisitions Anonymous - #1 for business buying, selling and operating

    Industrial Automation Business for Sale Analysis | $656K SDE Review

    2026/05/26 | 27 mins.
    In this episode the hosts break down a Southern California industrial automation equipment business whose niche customer base, unclear recurring revenue, and likely customer concentration risks turn what looks like a profitable manufacturing deal into a potential acquisition nightmare.

    Business Listing – https://www.bizbuysell.com/business-opportunity/industrial-and-automation-equipment-manufacturer/2443997/

    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

    Subscribe for more episodes: https://www.youtube.com/@AcquisitionsAnonymousPodcast?sub_confirmation=1

    Subscribe to our Newsletter: https://www.acquanon.com/newsletter

    💰 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/ 

    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.

    This week the Acquisitions Anonymous crew reviews a $2.6M industrial automation and system integration business based in Riverside, California. The company reportedly generates $2.1M in annual revenue and approximately $656K in seller’s discretionary earnings while serving manufacturers with custom automation systems, conveyor applications, aircraft windshield handling equipment, and proprietary aluminum framing products.

    Key Highlights:
    - Riverside, CA industrial automation business listed for $2.6M with $2.1M revenue and $656K SDE
    - Hosts suspect the “automation company” may actually function more like a machine shop
    - Potential customer concentration and project-based revenue create major transferability concerns
    - Discussion on how SBA lenders cap deal pricing and force acquisition discipline
    - Deep dive into QoE reports, accounting red flags, and why diligence matters before signing a personal guarantee
    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]
  • Acquisitions Anonymous - #1 for business buying, selling and operating

    Recruiting Business Valuation: Is 3x SDE a Good Deal?

    2026/05/22 | 41 mins.
    In this episode the hosts analyze a niche executive recruiting firm serving the printing, packaging, and paper industries, debating whether its deep relationships and proprietary network create a durable moat—or a dangerous key-man dependency.
    Special thanks to Tighe Burke with SRCH for joining us on today's pod! Check out more here: https://www.srchpartners.com/

    Business Listing – http://bizbuysell.com/business-opportunity/reputable-high-margin-executive-recruiting-company/2446959/

    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

    Subscribe for more episodes: https://www.youtube.com/@AcquisitionsAnonymousPodcast?sub_confirmation=1

    Subscribe to our Newsletter: https://www.acquanon.com/newsletter

    💰 Sponsored by:
    CapitalPad is a private equity co-investment group for lower middle market deals. Accredited investors invest in searcher and independent sponsor transactions on a deal-by-deal basis, with minimums starting at $25K. Acquisition entrepreneurs with a deal under LOI can raise equity through CapitalPad's single-SPV structure, closing with one partner and one wire. Raise capital or invest 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!

    The hosts break down a niche executive recruiting business focused on the printing, packaging, and paper industries. The company generates approximately $1.1M in annual revenue with $365K in seller discretionary earnings and is listed for roughly 3x SDE. What initially looks like a straightforward recruiting agency quickly turns into a fascinating discussion about retained vs. contingent search, proprietary databases, and the true value of industry-specific relationships.

    Key Highlights:
    - Executive recruiting firm focused exclusively on printing, packaging, and paper industries with ~$365K SDE on ~$1.1M revenue
    - Hosts debate retained vs. contingent recruiting economics and why the split is unusual in executive search
    - Major diligence concern: founder generates 60% of client engagements and key recruiters may hold most relationship value
    - Discussion on whether the company’s 200,000-profile CRM database is truly proprietary or just scraped public data
    - Deep dive into how AI tools may improve recruiting efficiency but still struggle with nuanced executive sourcing
    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]
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About Acquisitions Anonymous - #1 for business buying, selling and operating
Jump into the world of business acquisitions with hosts Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley. We review real businesses for sale in each episode, providing expert insights, strategies, and tips to make savvy business moves like the pros. Perfect for entrepreneurs, investors, and anyone interested in buying and selling businesses.
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