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New Deals: A merchandise distribution business, medical spa, and 3 other finds

Plus, ways to mitigate business acquisition risk

Today’s Sponsor

Hello SMB Deal Hunters!

I hope you enjoyed the off-market deals I shared yesterday in our inaugural Off The Grid series.

📣 Starting today, our Tuesday and Thursday newsletters officially have a name: Market Watch. You’ll still get the same curated on-market deals each week, handpicked from hundreds of new listings to hit the market and paired with our take on why they stand out.

I’m excited to share 5 new businesses for sale worth checking out. First up…

Today's issue is sponsored by SMB Diligence, the platform I helped start for matching business buyers with vetted legal counsel and Quality of Earnings providers. 

COMMUNITY WINS

Here’s what one SMB Deal Hunter Pro member shared this past week:

Want me and my team to work with you to find, finance, and acquire a million-dollar cash-flowing business in the next 6-12 months?

NEW DEALS

These deals span the country. For custom-sourced deals in your area, click here.

1/ Merchandise Distribution Business

📍 Location: Florida
💰 Asking Price: $3,820,000
💼 EBITDA: $920,000
📊 Revenue: $4,200,000
📅 Established: 2015

💭 My 2 Cents: This licensed merchandise distribution company sits at the intersection of fan culture and e-commerce, combining the reliability of a wholesale model with the scalability of DTC sales. Founded in 2015 and based in Florida, it’s well-positioned to capitalize on the growing demand for officially licensed products as fandom continues to expand across entertainment, gaming, and sports. The company operates out of a 10,000 sq ft warehouse that supports fulfillment, packing, and labeling (ample space for current volume and future growth without major reinvestment). EBITDA margins are notably strong for a distribution business, and the $1.1M in inventory and $250K in equipment included in the asking price add tangible value. I’d want to understand retail account concentration, licensing renewal terms, and inventory turnover, since a large balance can tie up cash if products move slowly. Importantly, the owner is only semi-passively involved, with an experienced team managing daily operations.

2/ Tree Removal, Lawn Care & Pest Control Business

📍 Location: Washington State
💰 Asking Price: $799,990
💼 EBITDA: $487,440
📊 Revenue: $6,559,000
📅 Established: 2009

💭 My 2 Cents: This tree removal, lawn care, and pest control company immediately stood out for its diversified service mix and high share of recurring revenue. Founded in 2009, it operates under a nationally recognized franchise brand that provides robust infrastructure support, including a centralized KPI dashboard, a nationwide call center, and an integrated digital sales system. What’s particularly appealing is that roughly 60% of revenue comes from recurring maintenance contracts, providing predictable cash flow and strong customer retention. The business also includes about $400K worth of vehicles, equipment, and other physical assets, adding tangible value and reducing near-term capital needs. At a current EBITDA margin of around 7%, there’s clear upside potential through tighter route management, improved cost controls, and cross-selling across service lines. Before moving forward, I’d want to review the franchise agreement terms, customer concentration, and labor structure to assess scalability and autonomy under new ownership. Given its low asking price relative to earnings and a recurring, recession-resistant foundation, this opportunity could make an excellent platform for a buyer focused on the growing, highly fragmented home services sector that continues to attract private equity interest.

3/ Steel Fabrication Business

📍 Location: Illinois
💰 Asking Price: $8,618,868
💼 EBITDA: $1,915,304
📊 Revenue: $10,363,208
📅 Established: 1994

💭 My 2 Cents: This non-union Illinois-based steel fabrication and installation company has been operating for over 30 years, supplying modular stair and railing systems, mezzanines, and custom steel assemblies for storage and access-control applications. I like how they’ve carved out a defensible niche blending fabrication, electrical, and mechanical expertise, positioning themselves as a one-stop provider for security and gate systems, an area seeing steady growth across warehouse, storage, and logistics facilities. Their margins are strong for a fabrication business, and I like that the non-union structure provides flexibility in pricing and workforce management. Though revenue is project-based and can fluctuate depending on contract timing, the company’s long-term relationships and steady pipeline of repeat clients help smooth variability. I’d want to dig into whether they’re relying on a handful of large accounts or contractors, the visibility of their current backlog, and the condition of their equipment, since CapEx can meaningfully affect free cash flow. Overall, this is a well-established, profitable platform positioned to benefit from the broader shift toward modular and prefabricated construction, where specialized steel fabricators like this one are becoming increasingly valuable partners to general contractors seeking faster, more consistent, and cost-effective installations at scale.

PRESENTED BY SMB DILIGENCE

Here’s Why You Shouldn’t Skip Due Diligence…

A friend of mine put a business under LOI and asked me for my advice.

I recommended he contract a 3rd party due diligence partner to rebuild the company's P&L from scratch.

Turns out their EBITDA was off by 2x 😳

SMB Diligence is the platform I helped start for matching business buyers with vetted diligence providers, from M&A lawyers to Quality of Earnings providers.

Their network of experts has worked on hundreds of small business transactions (including many from the SMB Deal Hunter community).

4/ Web Design Agency

📍 Location: Florida
💰 Asking Price: $2,300,000
💼 EBITDA: $554,287
📊 Revenue: $1,037,485
📅 Established: 2007

💭 My 2 Cents: This Florida-based web design agency caught my attention for its subscription-style model in an industry that’s usually project-based, focusing on custom website design, hosting, and ongoing management for small and micro businesses. Founded in 2007, the company operates on a unique no-upfront-fee, two-year contract structure, creating predictable, recurring cash flow and lowering barriers for client acquisition. They currently manage around 300 active accounts, add about 50 new clients annually, and maintain an impressively low 8% churn rate, which tells me they have strong customer satisfaction. Plus, their terrific margins point to strong operational discipline. I’d want to understand the revenue distribution across clients and industries, renewal rates on existing contracts, and how much of the growth engine depends on the owner’s direct involvement in sales. Even better, the business is SBA pre-qualified, and the owners are willing to stay on for up to two years to ensure a smooth transition and continued growth.

5/ Medical Spa

📍 Location: Texas
💰 Asking Price: $2,400,000
💼 EBITDA: $675,000
📊 Revenue: $2,000,000
📅 Established: 2003

💭 My 2 Cents: The medical aesthetics industry is booming, driven by the normalization of cosmetic treatments, social media influence, and rising demand across all age groups. Non-surgical procedures like injectables and laser treatments are growing double digits each year, and the U.S. med spa market is on track to exceed $30 billion by 2030. This long-established Austin med spa, located in one of the fastest-growing wellness markets in the country, has operated for over 22 years (12 under current ownership) and offers a full range of high-demand services including injectables, dermal fillers, skin rejuvenation, and anti-aging treatments that drive both repeat and new-client revenue. I’d want to understand their space capacity and whether there’s room to expand treatment offerings or add more service rooms, since that directly affects growth potential. I’d also want to know if they offer any membership programs or recurring service packages, which are becoming a major driver of retention and predictable cash flow in the industry. I’d also ask who the supervising physician is today, since Texas requires a licensed physician to delegate and oversee medical aesthetic procedures such as injectables. With the right operator, this business could expand through additional providers, new treatment categories, or even a second location.

THE BEST OF SMB TWITTER (X)

Ways to mitigate business acquisition risk (link)

90-day roadmap for after closing a business acquisition (link)

If an owner is doing too much, is it a labor or a strategy issue? (link)

In a challenging search environment, a different deal structure may be needed (link)

The first 24 hours after closing are key (link)

10-step process for deal closing (link)

The simple rules of business (link)

COMMUNITY PERKS

Ready to buy and operate a $1M+ business? Partner with my team and get expert support at every step.

Want to invest passively in SMB acquisitions? Get access to investment opportunities.

Get a personal introduction to my preferred SBA 7(a) lender, non-SBA lenders, Quality of Earnings providers, or legal counsel

Raising capital for your deal? I’ll connect you with investors from the SMB Deal Hunter Community.

Interested in selling your business? I’ll help you connect with buyers from the SMB Deal Hunter Community.

RECENT PODCAST EPISODES

He broke all the rules of biz acquisition and still won (link)

From Laid Off & Mid-Divorce -> $1.3M / Yr Business (link)

• This Software Engineer bought a $3.2M business with a baby on the way (link)

THAT’S A WRAP

See you tomorrow with a new podcast episode!

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Disclaimer

This publication is a newsletter only and the information provided herein is the opinion of our editors and writers only. Any transaction or opportunity of any kind is provided for information only; SMB Deal Hunter does not verify nor confirm information. SMB Deal Hunter is not making any offer to readers to participate in any transaction or opportunity described herein.