Épisodes

  • Breaking Down a $10M Primrose Franchise Resale
    Jul 4 2025

    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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    27 min
  • A $1M Toilet Funnel Business?!
    Jun 27 2025

    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.
    • 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

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    17 min
  • Hobby or Hustle? We Review a Wild $5K Decoy Business
    Jun 25 2025

    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

    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

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    18 min
  • Why Is This Tiny Wyoming Bank Listed Like a Used Car?
    Jun 20 2025

    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

    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

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    18 min
  • The $9M Vegas HVAC Business With a Secret Inside
    Jun 17 2025

    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

    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

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    27 min
  • Investing in Music Royalties: The Truth About IP Deals
    Jun 13 2025

    In this fast-paced mini episode, Bill, Michael, Heather, and Mills dive into one of the oddest listings they’ve ever seen: a $67 million catalog of Russian classical music master recordings.

    Business Listing - https://dealstream.com/d/biz-sale/misc-recreation/lgbu2w

    👥 This episode is sponsored by Capital Pad — the ultimate marketplace for acquisition entrepreneurs and small business investors. Looking to buy a business and need capital, or want to invest in deals with built-in governance and distribution structure? Go to https://www.capitalpad.com and tell them Acquanon sent you.

    💼 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.

    Is it a legitimate long-tail royalty stream, an opaque intellectual property play, or something much shadier? The crew dissects the risks, revenue unknowns, and underlying value (or lack thereof) in this high-priced cultural relic. With guest Travis Jamison from Capital Pad joining in, they explore the broader idea of buying catalogs and digital royalties as investments — from Spotify payouts to YouTube rabbit holes.

    Key Highlights:

    - A breakdown of a $67M music catalog listing — what’s actually for sale?
    - The murky world of IP valuation for classical recordings
    - Why Heather has seen music syndication loans before — and why it's tricky
    - The appeal and risk of long-tail digital income streams
    - Comparisons to YouTube acquisitions and how they might be a better bet
    - Speculation on possible geopolitical motives or money-laundering angles
    - Travis Jamison’s insights on marketplaces like Capital Pad
    - The value of diving deep into niche asset classes just for discovery

    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

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    16 min
  • Buying a Helicopter Tourism Business?! Here's What We Think
    Jun 10 2025

    In this episode, the hosts dive into a high-flying tourism aviation business for sale in the Southeast, featuring helicopters, helipads, and hefty margins—with a healthy side of legal intrigue and risk.
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    🎯 Sponsors:
    🔍 Acquisition Lab – Founded by Harvard MBA Walker Deibel, Acquisition Lab is your fast track to small business acquisition success. Schedule your free consultation today: https://www.acquisitionlab.com/ and tell them Acquanon sent you!

    🛠️ Franchise Ownership with Connor Groce – Interested in owning a franchise? Connor is a franchise consultant and expert with real-world experience. Join his newsletter at https://connorgroce.com/

    In this jam-packed episode, Michael, Heather, Bill D'Alessandro, and Mills dissect a tourism helicopter business listed at $8.5M with $1.7M in adjusted EBITDA. Located in the Southeast, this operation includes two entities, strong margins, and a recent legal win securing exclusive access to a grandfathered helipad. The hosts debate safety risks, pilot recruitment, SBA loan eligibility, and who the right buyer might be—ranging from aviation nuts to strategic tourism operators. Tune in for a fun, thoughtful analysis of this high-risk, high-reward deal.

    Key Highlights:
    - $8.5M asking price for a Southeast-based helicopter tourism business generating $1.7M in EBITDA
    - Legal victory secures exclusive helipad access, creating a possible local monopoly
    - Deep dive on pilot quality, aviation safety, and maintenance challenges
    - Pros and cons of SBA loan structuring for a capital-intensive business
    - Hilarious real-life stories of $20 helicopter rides and upsell pressure mid-flight
    - Ideal buyer profile: tourism veteran or aviation enthusiast with operational savvy

    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

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    28 min