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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...

👇 In Today’s Issue:

🔎 Looking for deals in your area? We can source them for you.

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:

👀 Quick Update: October’s not even over yet, and 10 Pro members have already closed deals this month, and another 13 have gone under LOI.

We helped them source these deals (including off-market deals you won’t find on BizBuySell) and worked with them 1:1 to structure winning offers, catch red flags, and secure financing, handholding them all the way to close and through the transition.

On October 31st, we're retiring a bonus worth five figures for new Pro members.

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/ Metals Wholesale and Distribution Company

📍 Location: Southern California
💰 Asking Price: $2,005,000
💼 EBITDA: $565,000
📊 Revenue: $5,160,000
📅 Established: 10+ years ago

💭 My 2 Cents: A steel mill sells metal by the truckload, so a machine shop that needs a few bars of stainless buys from a metals distributor that stocks it and sells in small amounts. Demand for that metal has been steady rather than fast growing, with distributors’ steel shipments down early in 2026 and back up since spring, but prices have climbed fast: a 50% import tariff has helped push carbon steel to its highest price in more than four years, so metal already on a distributor’s shelf is worth more than usual. This company serves industrial buyers across Southern California, filling some orders from inventory held for core accounts and sourcing the rest on demand, so one call covers carbon steel, stainless, and aluminum. Employees run the day to day and the owner is on site one day a week, and the staff (not the owner) handle the top accounts, many of them customers for over a decade. That said, I’d want to know how much of the last three years of growth came from selling more metal versus prices going up, since cash flow grew even faster than sales, and metal bought before a price rise earns extra margin only until prices fall. Then whether that growth came from the handful of accounts that already make up most of the sales, since one big customer ordering more can look like the whole company growing. And the margin on stocked orders versus sourced ones, which shows what the on-demand side earns without tying cash up in inventory. The clearest opportunity is that this company has never had a salesperson and its space can handle far more orders without new equipment, so a buyer with a sales background, or one ready to hire for it, can grow without a bigger building.

2/ Tutoring Centers

📍 Location: Texas
💰 Asking Price: $1,690,000
💼 EBITDA: $517,379
📊 Revenue: $2,029,529
📅 Established: 2016

💭 My 2 Cents: At a tutoring center the sale often happens in one sit-down: a family brings a child in for an evaluation, and at one of the largest franchise systems about 64% of them go on to enroll. More families have a reason to book that meeting right now, with about 40% of 4th graders reading below the basic level on the 2024 national test, the largest share since 2002. This company runs five franchised learning centers in North Texas under a national brand that supplies the advertising and leads, covering K-12 tutoring, homework help, enrichment, and test prep. The current owner (who is relocating) bought the centers in 2024 and has since cut rent, sharpened marketing and sales, and tightened staffing, with enrollment and revenue up at several locations. A director runs each center day-to-day and runs the enrollment meetings while the owner works full time on strategy, sales management, recruiting, and finance. Monthly enrollment by center is where I'd start, going back before the 2024 purchase, since that separates what the centers did on their own from what two years of changes added. Then each director's rate of turning a first meeting into an enrollment, which tells you how much of the sales improvement already sits with the directors rather than the owner. Looking ahead, Texas funded nearly 73,000 new education savings accounts this summer with private tutoring on the approved list, so if the centers' instructors clear the program's credential rules, a buyer here can also sell to families paying with state money.

3/ Dental Laboratory

📍 Location: Washington
💰 Asking Price: $1,500,000
💼 EBITDA: $541,612
📊 Revenue: $1,416,901
📅 Established: 1995

💭 My 2 Cents: Among American adults missing teeth, the share with a dental implant rose about eightfold in 16 years, from under 1% around 2000 to about 6% in 2016, the latest year measured. Each implant needs a custom-made replacement tooth, bridge, or denture on top, often built by an outside lab, so that growth lands on the work this lab leads with. This company has run since 1995, building implant work, zirconia crowns, and bridges entirely in-house on a mostly digital setup and planning cases alongside the dentists who send them. A long-tenured team of seven works out of a recently built-out space with room for more benches, and the lab is already approved to sponsor foreign-trained technicians, so it can hire beyond the local labor pool when it grows. What matters most here is how many of the seven can design and plan an implant case start to finish without the owner, since implant work is what the lab leads with and the owner is retiring. Then how much denture work its current dentists send to other labs today, since dentures are the new line this lab has room for. And which of its referring practices now belong to a dental group (a company that runs many practices under one roof), since about 11% of Washington dentists were part of one in 2023, and those groups can move their lab work to a preferred partner. That cuts both ways, though, because a lab that becomes a dental group’s preferred partner can pick up many practices in a single contract.

MEMBER SPOTLIGHT

Henry is a Stanford grad who spent a handful of years in real estate private equity.

Then, about a year after joining SMB Deal Hunter Pro, he bought an HVAC company near Wilmington, North Carolina, doing about $1.82M a year in EBITDA, with a General Manager and 18 field techs already in place.

Two months after closing, he sat down with me to break down:

  • How he won the deal when another buyer offered more

  • How he bought a licensed trade without holding the license himself

  • Why a ~$4.7M loan was almost too big for the SBA and still small for a big bank

  • Why perfect weather is bad news for an HVAC business

  • Whether he's paying himself yet, and how HVAC's slow months factor in

4/ Wine Cellar Refrigeration Wholesale Distributor

📍 Location: Oregon
💰 Asking Price: $1,631,144
💼 EBITDA: $437,773
📊 Revenue: $1,564,739
📅 Established: 2008

💭 My 2 Cents: A wine cellar has to hold around 55 degrees without drying out the air, which a regular home air conditioner can’t do, so every custom cellar needs a cooling unit built for the job. Americans have bought less wine for six straight years, but a cellar is built for a collection someone already owns, so this business tends to follow home building and remodeling, where spending is still edging up. This company sells those cooling units wholesale to builders and contractors working on homes, hotels, restaurants, and commercial spaces. Its lineup runs from wall-mounted units to ducted systems for larger rooms, and it backs that with technical support aimed at the trade, a dealer network, and strong online reviews from a loyal contractor base. The supplier agreements come first: which manufacturers’ lines it carries, whether any come with exclusive territory, and how much ships straight from the factory, since one full-time employee on this much revenue suggests most products never sit on a shelf here, and a distributor that never handles the product depends on those agreements renewing. Then the revenue split between wall-mounted units and the ducted systems that need design work, since at least one major maker already sells its simpler units straight to consumers online while keeping ducted systems with its dealers. And who answers the technical calls from contractors today, which tells you whether that expertise stays after a sale. The moat here is the trade itself: the cellar builder, not the homeowner, usually picks the cooling unit, so a distributor that contractors already trust gets chosen job after job without ever marketing to a homeowner.

5/ Sewer and Drain Cleaning Company

📍 Location: New York
💰 Asking Price: $1,300,000
💼 EBITDA: $628,000
📊 Revenue: $800,000
📅 Established: 2007

💭 My 2 Cents: Nearly two-thirds of the homes on this part of Long Island were built before 1960, and the clay pipe still found in many older private sewer lines is prone to tree roots working in at the joints, which tends to mean steady work for a drain cleaner. This company has run since 2007, clearing sewer and drain lines out of a shop that rents for $2,000 a month, and the vans and all the cleaning equipment are included in the sale. The owner is retiring and has offered to train a buyer or stay on as needed. The first thing I'd pin down is how many jobs the company runs in a week and on how many days with its two full-time employees, since adding service days and hours is the obvious growth opportunity here and that count shows how much room there is before the next hire. Then how much of the work comes from commercial accounts like restaurants and apartment buildings on a regular cleaning schedule, since scheduled work is revenue a buyer can count on before the phone rings. And the age and mileage of the vans and the jetting equipment (the machines that blast lines clear with high-pressure water), as that tells you how soon the cash flow has to pay for new ones. Beyond more hours, the other lever is plumbing: at the largest national drain company, plumbing and excavation together bring in nearly twice what drain cleaning does, so a buyer who adds a licensed plumber can also sell the repair a cleared line sometimes reveals.

COMMUNITY PERKS

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

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• 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.

MEMBER SPOTLIGHT

Irving spent 20 years in wealth management, in what he calls a corporate "sausage factory."

But after all that climbing, he had nothing in his portfolio he'd built himself.

And he wasn't the only one ready for something new. His wife, Evgeniia, has a background in events for the Olympic Games and high-ranking politicians.

After 5 to 6 years raising their two young kids, she was eager to get back to work, and fast.

So they decided to buy a business and run it together.

Their first year, they searched on their own, at what Irving calls a "snail's pace."

So they joined SMB Deal Hunter Pro to get there faster.

After looking at more than 1,000 businesses, Irving opened one listing and sent an offer the very next day.

In his words, "this is it... this is what I've been waiting for."

It was a $5.7M physical therapy center in East Texas, with a half-Olympic therapy pool nobody nearby could match.

Some patients drive in from as far as Houston, 2 hours away.

A year after they closed, we caught up with them to hear how it went.

The first few months got wild.

2 months in, their only therapist walked out, and they had 3 weeks to replace him.

They found one, and today revenue is about 15% above what it was under the seller.

And they've already replaced Irving's corporate salary.

They take turns running it a week at a time, and they're already hunting for business number 2.

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

THAT’S A WRAP

See you tomorrow!

P.S. I'd love your feedback. Tap the poll below or reply to this email.

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.

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