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  • New Deals: A 23-year surrogacy agency, a specialty packaging manufacturer, and 3 other finds

New Deals: A 23-year surrogacy agency, a specialty packaging manufacturer, and 3 other finds

Plus, Victoria went under LOI on this deal after 3 months of working together

Today's Sponsor

Hello SMB Deal Hunters!

I’m excited to share 5 new businesses for sale worth checking out in this Market Watch issue. Each was handpicked from hundreds of fresh listings, with our quick take on why it stands out. First up…

Today’s issue is sponsored by SMB Deal Hunter Pro, our accelerator that helps business buyers find, finance, and acquire a million-dollar cash-flowing business in 6–12 months.

COMMUNITY WINS

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

👀 P.S. If you want to close a business in 2026, the clock is already running. Our average Pro member time to close is 8 months, which means Q1 is about when you'd want to get started.

Over the past 12 months, our members have closed $148M in deals, with 1:1 access to our M&A advisors and a private off-market marketplace adding 10-20 listings every week.

We wanted to make the program more accessible to anyone serious about closing on a business this year, so we're offering a one-time bonus that’s expiring in 12 days. 

So if you've been waiting for the right time to make a move….

NEW DEALS

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

1/ Surrogacy and Egg Donation Agency

📍 Location: Florida
💰 Asking Price: $2,750,000
💼 EBITDA: $897,418
📊 Revenue: $1,563,275
📅 Established: ~2003

💭 My 2 Cents: You almost never see a surrogacy agency come to market, and when you understand the model, the 57% margins make complete sense. The agency earns fees across matching, consultation, and journey management services for both domestic and international clients, which means revenue is spread across a multi-stage engagement rather than tied to a single transaction. A client base primarily driven by medical necessity rather than discretionary spending also tells me this doesn't slow down when the economy does. I like that 23 years of operating history in a space built entirely on trust creates a word-of-mouth flywheel that a new competitor simply cannot fast-track. That said, the listing notes the owner is directly involved in all client engagements, so I'd want to understand what a potential transition could look like here and whether any case management infrastructure exists to support a new owner. I'd also want to understand what the international client mix looks like from a compliance and legal coordination standpoint. While the multiple is fair, the owner dependency question is the whole diligence conversation. Ultimately, in a field where reputation takes decades to build, 23 years of it is the actual product being sold.

2/ Commercial Janitorial and Facility Services

📍 Location: Mid-Atlantic
💰 Asking Price: $2,500,000
💼 EBITDA: $604,850
📊 Revenue: $2,745,613
📅 Established: ~2005

💭 My 2 Cents: Commercial janitorial businesses don't get much attention, but the ones with 20-year client relationships and multi-state contracts are quietly some of the most cash-flow-stable operations you can buy. This Mid-Atlantic firm serves clients across five states under multi-year contracts with major national and regional accounts, the kind where switching vendors means retraining staff, updating access credentials, and risking service disruption. I like that the 60-person workforce, many with over a decade of tenure, is itself a competitive advantage: experienced crews with low turnover are difficult to build and expensive to replicate. The 22% margin is consistent with a well-run facilities company, and operations managed from two facilities in NJ and PA tells me the infrastructure is mature. I'd want to understand the contract renewal schedule and whether any major accounts are up for rebid in the near term, the revenue split between janitorial and maintenance services, and how the business manages labor cost inflation. The multiple is a touch above the typical range for a deal of this size, but 20 years of contracted cash flow earns that premium. The real upside is geographic expansion into adjacent markets where the existing national client relationships likely already have facilities.

3/ Specialty Packaging Manufacturer

📍 Location: New York
💰 Asking Price: $3,670,099
💼 EBITDA: $1,033,158
📊 Revenue: $5,774,761
📅 Established: ~1986

💭 My 2 Cents: Nearly 40 years of manufacturing card sleeves, RFID blocking products, and specialty packaging for banks, hospitals, hotels, and universities is the kind of customer list that doesn't churn, because those industries reorder every single time they issue a new card, badge, or ID. That makes this a repeat-purchase consumables business at its core, with a secular tailwind tied directly to the continued rollout of contactless payment and access control infrastructure. I like that the scale here is real: $5.7M in revenue with over $1M in EBITDA, and specialized equipment that a new entrant would need years and significant capital to replicate. The nearly 40 years of certified supplier relationships in regulated industries tells me there's institutional stickiness that doesn't show up anywhere on a balance sheet. I'd want to understand the revenue split between custom and in-stock product, whether there's meaningful single-customer concentration, and what the competitive dynamic looks like for domestic manufacturers given ongoing pressure from overseas. For a buyer with manufacturing experience, the replacement cost of those customer relationships alone likely exceeds what's being asked.

MEMBER SPOTLIGHT

How many of you want to buy a business without having to quit your corporate job?

Tatiana is a big law attorney billing 60-hour weeks in Manhattan. She wasn't looking to quit. She was looking for something that could grow without her trading every hour for it.

She joined SMB Deal Hunter Pro and in a stroke of luck, found her deal on day 1:

  • 35-year-old print and mail business with existing B2B clients

  • Based in Rochester, NY (5 hour drive from NYC)

  • $867K/year SDE ($3.1M purchase price)

The retiring seller financed most of it himself and bet his retirement on her success. That structure cut her down payment in half.

7 months later, she closed. Still billing 60 hours a week. Still in Manhattan.

First 3 months of ownership: revenue up 50% year over year. She's already taking cash out.

The unexpected twist? She says owning the business has made her actually enjoy her legal career more.

4/ Pain Management Practice

📍 Location: Texas
💰 Asking Price: $2,100,000
💼 EBITDA: $707,925
📊 Revenue: $1,231,181
📅 Established: N/A

💭 My 2 Cents: Chronic pain management is one of the few outpatient specialties where patient relationships are genuinely long-term, because patients with complex conditions don't cycle through providers the way someone might for a routine visit. That continuity is what creates a recurring patient base, and the 57% net margin on $1.2M in revenue tells me the billing operation is tight and the cost structure is lean. I like that admin staff handle referral coordination and authorizations, which frees the clinical team to focus on patient care and keeps operations running without the owner in every conversation. The practice accepts most major commercial insurance plans and Medicare, which gives the revenue base real breadth. I'd want to dig into the procedure mix, since procedure-based revenue carries a different sustainability profile than evaluation and management visits as payer rates shift. I'd also want to understand the referral network closely, because pain management lives and dies on relationships with primary care, orthopedic, and spine surgery practices, and if those belong to the current owner personally, transition risk is real. The price is reasonable, and a physician group or MSO with an existing referral infrastructure could walk in and protect this cash flow from day one.

5/ Heavy-Duty Commercial Truck Repair

📍 Location: New Jersey
💰 Asking Price: $1,700,000
💼 EBITDA: $600,000
📊 Revenue: $2,000,000
📅 Established: ~2015

💭 My 2 Cents: Fleet operators don't have the option of delaying a truck repair, because a vehicle sitting in a bay is freight not moving and carriers measure that in thousands of dollars per day. That urgency is what makes a heavy-duty diesel shop genuinely sticky: once a fleet manager finds a shop that turns work around reliably, they call back every time without shopping around. I like that this operation grew revenue from $1.5M to $2.6M over three years before normalizing to $2M in 2025, which still represents a business with a proven growth track record and a recurring commercial account base. The location near major northeastern freight corridors is a huge plus, with the density of commercial vehicle traffic keeping the bay full without a sales effort. I'd want to understand the 2025 revenue normalization in detail, get a clear picture of customer concentration across fleet accounts, and assess near-term capex needs for lifts and diagnostic tooling. At 2.83x on current earnings, this is attractively priced, and in a region where freight volume only grows, the shop that earns a fleet's trust is almost impossible to displace.

COMMUNITY PERKS

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RECENT PODCAST EPISODE

Twelve years ago, Dom Wells was teaching English in Taiwan for $2,000 a month.

He's not American. No SBA access. No investors. No corporate pedigree.

His first deal was $40K, seller-financed. He wasn't even making enough to feel comfortable going full-time.

He just kept buying. The businesses most people skip. The models acquisition Twitter actively hates. The founder-dependent messes nobody wants to touch.

He now runs a NASDAQ-listed holding company. 40+ acquisitions. $12 million revenue run rate. Team that runs without him.

All of it built on deals that looked wrong on paper.

And for our audio-only listeners, jump in and listen on Spotify or Apple Podcasts!

THAT’S A WRAP

See you tomorrow!

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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.