Logo

    Should we buy this skiing technology company? - Acquisitions Anonymous Episode 134

    enOctober 21, 2022
    What was the main topic of the podcast episode?
    Summarise the key points discussed in the episode?
    Were there any notable quotes or insights from the speakers?
    Which popular books were mentioned in this episode?
    Were there any points particularly controversial or thought-provoking discussed in the episode?
    Were any current events or trending topics addressed in the episode?

    About this Episode

    Want to receive this listing in your inbox? Signup for our weekly newsletter:

    https://www.getrevue.co/profile/acquanon

    -----

    Michael Girdley (@Girdley) and Mills Snell (@thegeneralmills), discuss a Fitness Equipment Manufacturer. We’ll find out what this business does and offers to people.

    Moreover, we’ll be clarifying why we hate most of the deals we are talking about and how come we really need to hate every single one.

    Also, we will get to understand the importance of educating your kids in business.

    -----

    Thanks to our sponsor!


    Live Oak Bank - Whether you’re looking to build, buy or expand your business, let the team at Live Oak Bank be your financial guide. With Live Oak, you get a partner who believes in your success and is willing to take the journey alongside you. We provide small business loans tailored to your goals.


    Fuel the growth of small businesses across the country; bank with Live Oak Bank.


    You can contact Heather Endresen, Director & Founder at heather.endresen@liveoak.bank. Mention this podcast in the subject line and ask her about office hours to get in touch.


    *Live Oak Bank is the #1 SBA 7(A) Lender. The data supplied by the SBA reflects 7(a) highest dollar volume during FY 2021.

    -----

    Show Notes:

    (00:00) - Introduction

    (00:32) - Our Sponsor is Live Oak Bank

    (01:39) - Deal & financials: Fitness Equipment Manufacturer 

    (06:50) - How does this company work? What are they selling?

    (10:26) - How does this relate to Girdley’s experience as a young swimmer? 

    (12:34) - What is the TAM? How much potential does this business have? What’s the moat here?

    (15:43) - Why are we supposed to hate every deal?

    (17:00) - How should you think about the competition on the supply side?

    (20:30) - Is this relocatable? Who’d be a great fit to buy this?

    (22:00) - What is the bullshit KPIs theory?

    (24:54) - What is this business’s role in the world?

    (25:27) - What is the importance of educating your kids in business?

     

    -----

    Additional episodes you might enjoy:

    #133 - How to value and underwrite commercial Real Estate? With special Guest Chris Powers

    #132 - Let's get rich pumping poop!

    #131 - People are getting rich with Med Spas. Will we?

    #130 - Should we buy this Vegas Wedding Chapel Chain?

    • 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.

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

    French social media software for hijinx - Acquisitions Anonymous 277

    French social media software for hijinx - Acquisitions Anonymous 277

    In this episode of Acquisitions Anonymous, Michael, Bill, and Heather evaluate the acquisition of a SaaS startup offering social media growth and management software for the French market. They analyze the financials, noting the asking price of $1.2 million and the company's impressive revenue and profit growth. Despite concerns about competition, language barriers, and technical challenges, they recognize the potential for expansion into new markets and the unique value proposition for agencies. While acknowledging the need for technical literacy in French and coding, they express interest in the deal's growth potential and strategic opportunities, emphasizing the importance of thorough due diligence.

    Check out the listing here: https://app.acquire.com/startup/1jtm5dQxtNO7t9heQmuMkcYRqaj2/OcMWLtk3Bl1RXt3qmska

    Acquire.com is the online marketplace to buy and sell startups.
    Join 200k+ entrepreneurs closing life-changing deals. Buy and sell startups in as little as 30 days, supported by the best advisors and tech.

    Thanks to this week's sponsor:

    CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.

    • 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.

    Sail Away on an Alaskan Cruise Line with $2M of EBITDA - Acquisitions Anonymous 276

    Sail Away on an Alaskan Cruise Line with $2M of EBITDA - Acquisitions Anonymous 276

    In this episode of Acquisitions Anonymous, Bill, Heather, and Mills delve into a small ship cruise line operating in Alaska. They explore various aspects of the business, including its revenue, EBITDA, and unique selling points such as its reputation for offering intimate cruise experiences in Glacier National Park. The hosts discuss the challenges the industry faced during COVID-19 and uncertainties surrounding post-pandemic recovery. Mills raises questions about logistical challenges and asset ownership, prompting a discussion on valuing the business and potential growth constraints related to permits and capacity utilization. The hosts emphasize the importance of institutional knowledge and understanding the seller's motivations in navigating the deal, while also considering financing options, debt assumption, and the challenges posed by distressed acquisitions. Overall, the podcast provides a comprehensive analysis of the cruise line business.

    Thanks to this week's sponsor:

    CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.

    • 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.

    Does this moving company sell for $26M?!! - Acquisitions Anonymous 275

    Does this moving company sell for $26M?!! - Acquisitions Anonymous 275

    In this episode of Acquisitions Anonymous, Mills and Heather discuss the sale of a moving company based in Oregon and Washington, established in 1989. The company, with an asking price of $26 million, boasts a cash flow of $4 million and gross revenue of $31 million. It has expanded to over 10 strategic locations and offers services including office and business moving, military contracts, and storage solutions. The discussion covers the company's financials, growth strategies, and the operational complexities of the moving industry. They evaluate the valuation, the practicality of service expansions such as mobile storage and server farm moving, and the challenges of financing such a purchase. The conversation highlights the intricacies of buying and managing a large moving company, touching on seller financing, equity retention, and the potential for strategic buyer interest.

    You can check out the listing here: https://www.bizbuysell.com/Business-Opportunity/moving-company-with-client-diversity-in-packing-hauling-and-storage/2023125/

    Thanks to this episode's sponsors:

    Acquisition Lab and their team have been longtime supporters of the pod.

    Created by Walker Diebel author of Buy Then Build: How to Outsmart the Startup Game, is an accelerator with a highly vetted cohort-based educational and support community for people serious about buying a business.

    Acquisition Lab exists to help people buy a business and navigate all the complexities of the process, as well as provide a trusted framework, tools, and resources to support you from search to close.

    If you are serious about buying a business, check out acquisitionlab.com or email the Lab's director Chelsea Wood, chelsea@buythenbuild.com.

    -------------

    CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.

    • 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.

    Making Monday work with Quickbooks for $800k - Acquisitions Anonymous 274

    Making Monday work with Quickbooks for $800k - Acquisitions Anonymous 274

    In an episode of Acquisitions Anonymous, Mills, Michael and Heather examine a Florida-based SaaS business that integrates monday.com and QuickBooks, holding a 99% market share in its niche. The business, valued at $810,000 with $200,000 in profit on $250,000 revenue, operates at 90% profit margins and requires less than 40 hours per month to manage. Despite its strong financials and dominant position, concerns include the reliance on third-party platforms and the risk of obsolescence if monday.com or QuickBooks creates a similar integration.

    Check out the listing here: https://app.acquire.com/startup/L2KJxpMxgvdnONfExbQN5S0QDBD2/9x0igNI64pVtmYE44wcB?source=populars

    Acquire.com is the online marketplace to buy and sell startups.
    Join 200k+ entrepreneurs closing life-changing deals. Buy and sell startups in as little as 30 days, supported by the best advisors and tech.

    Thanks to our sponsors!

    Acquisition Lab and their team have been longtime supporters of the pod.

    Created by Walker Diebel author of Buy Then Build: How to Outsmart the Startup Game, is an accelerator with a highly vetted cohort-based educational and support community for people serious about buying a business.

    Acquisition Lab exists to help people buy a business and navigate all the complexities of the process, as well as provide a trusted framework, tools, and resources to support you from search to close.

    If you are serious about buying a business, check out acquisitionlab.com or email the Lab's director Chelsea Wood, chelsea@buythenbuild.com.

    -------------

    CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.

    • 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.

    The guys smile big for a dental marketing agency with $1.4M of EBITDA - Acquisitions Anonymous 273

    The guys smile big for a dental marketing agency with $1.4M of EBITDA - Acquisitions Anonymous 273

    In this episode of Acquisitions Anonymous, Bill and Mills discuss a specialized marketing company for dental firms with a $1.4 million EBITDA. This business distinguishes itself through a focused marketing system designed for dental practices, offering cost-effective solutions for customer acquisition, retention, and upsell, with a notable track record of success within the dental industry. Their strategy encompasses internal marketing, database marketing via U.S. Postal Service, and external marketing, alongside support services like training and consulting.

    Bill underscores the importance of recognizing dental practices as businesses in need of specialized marketing to attract and retain patients. He praises the company's dental industry focus, which grants it credibility and effectiveness over generic marketing agencies. The episode also explores the company's growth potential, operational insights, and the strategic importance of staying focused on the dental sector to build value and competitive differentiation.

    Today's deal comes from Axial.  Axial is a trusted deal-sourcing platform serving professional acquirers in the American lower middle market.

    Thanks to our sponsors:

    Check out Girdley's new course, How to find a great business to buy. It's chock-full of insights and is perfect for listeners of AA who are looking to start their own search!

    -------------

    CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.

    • 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.

    Genotyping mice at 55% EBITDA - Acquisitions Anonymous 272

    Genotyping mice at 55% EBITDA - Acquisitions Anonymous 272

    In this episode of Acquisitions Anonymous, Michael and Heather discuss an investment opportunity in a genomic testing , specializing in DNA sequencing and genotyping for mice. Despite their initial unfamiliarity with the technical details, they recognize the company's significant role in pharmaceutical research. They are impressed by its financial performance, noting substantial growth in revenue and EBITDA, along with high margins. The conversation also explores potential barriers to entry, the impact of technological advancements, and the type of buyer suitable for such a specialized business. They conclude that the company's high margins, growth potential, and strategic importance in healthcare and pharmaceuticals make it an attractive investment opportunity, albeit one requiring a buyer to quickly grasp the complexities of the field.

    Today's deal comes from Axial.  Axial is a trusted deal-sourcing platform serving professional acquirers in the American lower middle market.

    Thanks to this week's sponsors!

    Acquisition Lab and their team have been longtime supporters of the pod.

    Created by Walker Diebel author of Buy Then Build: How to Outsmart the Startup Game, is an accelerator with a highly vetted cohort-based educational and support community for people serious about buying a business.

    Acquisition Lab exists to help people buy a business and navigate all the complexities of the process, as well as provide a trusted framework, tools, and resources to support you from search to close.

    If you are serious about buying a business, check out acquisitionlab.com or email the Lab's director Chelsea Wood, chelsea@buythenbuild.com.

    -------------

    CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.

    • 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.

    Does this school bus contractor really make $700k?! - Acquisitions Anonymous 271

    Does this school bus contractor really make $700k?! - Acquisitions Anonymous 271

    In this episode of Acquisitions Anonymous, Heather and Mills analyze a $3.5 million school bus operation for sale in New Mexico. They discuss its financials, including a $2.5 million gross revenue and $700,000 EBITDA, and explore challenges such as maintenance costs, regulatory compliance, and the reliance on contracts with school districts. The discussion highlights the risks of customer concentration and the difficulties in scaling the business due to high capital expenditures and limited growth opportunities. They conclude that while the business has a stable client base, its complexities may make it a less attractive opportunity for potential buyers. The episode emphasizes the importance of due diligence and understanding the intricacies of such specialized business transactions.

    Check out the listing here: https://www.bizbuysell.com/Business-Opportunity/established-school-bus-operation/2196778/

    Thanks to our sponsors for this week!
     
     Acquisition Lab and their team have been longtime supporters of the pod.

    Created by Walker Diebel author of Buy Then Build: How to Outsmart the Startup Game, is an accelerator with a highly vetted cohort-based educational and support community for people serious about buying a business.

    Acquisition Lab exists to help people buy a business and navigate all the complexities of the process, as well as provide a trusted framework, tools, and resources to support you from search to close.

    If you are serious about buying a business, check out acquisitionlab.com or email the Lab's director Chelsea Wood, chelsea@buythenbuild.com.

    -------------

    CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options. 

    • 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.

    Brokering metal for $47mm a year? - Acquisitions Anonymous 270

    Brokering metal for $47mm a year? - Acquisitions Anonymous 270

    In this episode of Acquisitions Anonymous, Michael and Heather discuss a successful $47 million scrap metal brokerage business that connects suppliers of scrap metal from various sectors with buyers, eliminating the need for inventory storage. They highlight the company's high operational efficiency, strong supplier and customer relationships, and steady financial growth. The conversation also touches on the challenges of transitioning such a business to new ownership and the potential for acquisition through apprenticeship. The hosts conclude that the business's model, focusing on networking and service, makes it an attractive opportunity for strategic buyers or individuals looking to enter the industry through innovative pathways.
     
     Today's deal comes from Axial.  Axial is a trusted deal-sourcing platform serving professional acquirers in the American lower middle market.

    Thanks to this week's sponsors!

    Acquisition Lab and their team have been longtime supporters of the pod.

    Created by Walker Diebel author of Buy Then Build: How to Outsmart the Startup Game, is an accelerator with a highly vetted cohort-based educational and support community for people serious about buying a business.

    Acquisition Lab exists to help people buy a business and navigate all the complexities of the process, as well as provide a trusted framework, tools, and resources to support you from search to close.

    If you are serious about buying a business, check out acquisitionlab.com or email the Lab's director Chelsea Wood, chelsea@buythenbuild.com.

    -------------

    CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.

    • 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.

    $3.9mm digital agency in Canada. Did we like it? - Acquisitions Anonymous 269

    $3.9mm digital agency in Canada. Did we like it? - Acquisitions Anonymous 269

    In this episode of Acquisitions Anonymous,  Michael , Mills, and Bill discuss a Canadian digital agency, highlighting its business model, profitability, and the $3.9 million CAD asking price. The conversation also touches on generational differences in technology and social interactions, adding depth to the discussion. This episode offers a blend of insightful analysis and light-hearted banter, perfect for those interested in the nuances of business acquisitions and generational dynamics in the digital age.

    Check out the listing here: https://app.acquire.com/startup/AKseySChYOgsrv7WdGFiO2jSKy43/GMCEUFRW7cSCNHIwY7Fv?hideBackBtn=true

    Thanks to our sponsors!

    Acquisition Lab and their team have been longtime supporters of the pod.

    Created by Walker Diebel author of Buy Then Build: How to Outsmart the Startup Game, is an accelerator with a highly vetted cohort-based educational and support community for people serious about buying a business.

    Acquisition Lab exists to help people buy a business and navigate all the complexities of the process, as well as provide a trusted framework, tools, and resources to support you from search to close.

    If you are serious about buying a business, check out acquisitionlab.com or email the Lab's director Chelsea Wood, chelsea@buythenbuild.com.

    -------------

    CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.


    • 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.

    A HOT Chile business and what happens if you default on an SBA Loan - Acquisitions Anonymous 268

    A HOT Chile business and what happens if you default on an SBA Loan - Acquisitions Anonymous 268

    In this episode of Acquisitions Anonymous, Bill and Heather discuss a unique business opportunity involving a chili pepper business in Taos County, New Mexico. They analyze the listing, its pricing strategy, and the potential for growth in the e-commerce space. The hosts also delve into the dynamics of SBA loans and share valuable insights on transparent communication with lenders. If you're interested in small business acquisitions, financial strategies, and understanding the challenges of entrepreneurship, this episode is a must-listen.

    Big thank you to this week's sponsors:

    Acquisition Lab and their team have been longtime supporters of the pod.

    Created by Walker Diebel author of Buy Then Build: How to Outsmart the Startup Game, is an accelerator with a highly vetted cohort-based educational and support community for people serious about buying a business.

    Acquisition Lab exists to help people buy a business and navigate all the complexities of the process, as well as provide a trusted framework, tools, and resources to support you from search to close.

    If you are serious about buying a business, check out acquisitionlab.com or email the Lab's director Chelsea Wood, chelsea@buythenbuild.com.

    -------------

    CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.

    • 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.
    Logo

    © 2024 Podcastworld. All rights reserved

    Stay up to date

    For any inquiries, please email us at hello@podcastworld.io