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New Deals: A virtual accounting firm, managed IT service provider, and 3 other finds

Plus, the government shutdown could affect your SBA 7(a) deal this Saturday

Today's Sponsor

Hello SMB Deal Hunters!

Iโ€™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 upโ€ฆ

Todayโ€™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 6โ€“12 months.

COMMUNITY WINS

Hereโ€™s what one SMB Deal Hunter Pro member shared this past week:

๐Ÿ‘€ Heads up: In just the last 60 days, weโ€™ve helped 11 Pro members acquire $30.75M in businesses. We help serious buyers:

  • Source on- and off-market opportunities

  • Get 1:1 support from first outreach to close

  • Avoid the mistakes that kill most acquisitions

NEW DEALS

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

1/ Virtual Bookkeeping & Accounting Firm

๐Ÿ“ Location: Arizona (Remote)
๐Ÿ’ฐ Asking Price: $2,950,000
๐Ÿ’ผ EBITDA: $709,000
๐Ÿ“Š Revenue: $1,420,000
๐Ÿ“… Established: 2001

๐Ÿ’ญ My 2 Cents: A 50% EBITDA margin in professional services is hard to come by, and this virtual bookkeeping firm has figured out how to achieve it by keeping the operation lean, remote, and focused. The business handles bookkeeping, payroll, and book cleanup for small business clients, deliberately outsourcing tax work to a contracted CPA firm to avoid seasonal revenue swings. That decision alone is smart because it creates predictable monthly recurring revenue without the feast-or-famine cycle that plagues most accounting practices. The 100% remote model means no office lease, and the owner works just 20-30 hours per week on oversight and sales while an Accounting Manager runs core operations. For a CPA or accounting professional, the obvious value-add is bringing tax services in-house to capture more wallet share from existing clients, and there's also an opportunity to deploy AI tools for transaction categorization and reconciliation that could meaningfully expand capacity without adding headcount. I'd want to understand the average client tenure, what percentage of revenue comes from the top 10 clients, and whether the Accounting Manager is committed to staying post-sale. Move quickly if youโ€™re interested, as this is exactly the type of predictable, high-margin, business that tends to attract competitive bids.

2/ Managed IT Service Provider  

๐Ÿ“ Location: Utah
๐Ÿ’ฐ Asking Price: $2,100,000
๐Ÿ’ผ EBITDA: $515,000
๐Ÿ“Š Revenue: $750,000
๐Ÿ“… Established: 2014

๐Ÿ’ญ My 2 Cents: MSPs have become one of the most sought-after acquisition targets in tech services, but this one stands out by leading with cybersecurity and focusing on regulated verticals like healthcare and financial services. That positioning matters because compliance requirements in these industries create stickier client relationships and higher switching costs than a typical break-fix IT shop. The business has around 20 active clients with three anchor accounts driving contractually recurring revenue, and it operates on an enterprise-grade vendor stack including Datto, Sophos, and Microsoft 365. The 69% EBITDA margin is exceptional for an MSP and tells me the operation is running efficiently with minimal overhead. The owner is retiring and motivated to support an SBA-friendly close, which should make financing straightforward. That said, I'd want to understand the concentration risk in those three anchor accounts, the average contract term and renewal rates, and whether the technical staff would stay through a transition. For someone with an IT services background or a strategic buyer already in the MSP space, the cybersecurity specialization and regulated client base could be worth more than the standalone financials suggest.

3/ Healthcare Advertising Agency

๐Ÿ“ Location: South Florida
๐Ÿ’ฐ Asking Price: $1,095,000
๐Ÿ’ผ EBITDA: $474,381
๐Ÿ“Š Revenue: $1,157,093
๐Ÿ“… Established: 37 years ago

๐Ÿ’ญ My 2 Cents: Thirty-seven years serving hospitals and medical organizations has given this advertising agency something money can't buy: trust and institutional knowledge in a risk-averse industry. The business specializes in branding, signage, and printing for healthcare clients, including everything from building logos to ADA-compliant directional signs. Healthcare marketing is notoriously relationship-driven and slow to change vendors, which explains the strong repeat business and long client tenures. The operation is lean and profitable, with a key sub-contractor managing day-to-day operations in the owner's absence. At 2.3x EBITDA, the asking price is also surprisingly attractive for an absentee-run business with this margin profile and client stickiness. I'd want to understand how much of the client base is tied to the owner's personal relationships versus the agency's reputation, assess whether the signage and printing services are vulnerable to commoditization, and determine if the healthcare niche could expand to adjacent segments like senior living or medical offices. The real value here is the three decades of vendor approvals and compliance history that hospitals require before working with anyone on their premises.

ALUMNI SPOTLIGHT

Sarah had the resume. Yale MBA. 10 years at Microsoft. Family full of business owners going back generations.

She left her corporate job in 2023 to buy a business in Seattle. Did everything "right."

  • Networked the ETA community for over a year.

  • Even organized her own searcher cohort through Searchfunder.

And after 18 months of solo searching, she still hadn't closed ๐Ÿ˜ฉ

Not because she wasn't smart. Not because she wasn't working hard. But because she didnโ€™t have people she could go to for every nitty gritty question that comes up in the deal search process.

So she joined SMB Deal Hunter Pro to get exactly that. 7 months later, she closed on a 40 year old gallery and custom framing shop in New Mexico cash-flowing ~$150k / year.

But the path to close wasn't smooth. In the interview, Sarah breaks down:

โ†’ Why she walked away from Seattle after searching there for nearly two years. (And how she found her deal in New Mexico)

โ†’ How she filtered deals by "her own flavor of boring." (and why she passed on bigger, more lucrative options)

โ†’ What surprised her most about the first 90 days. Including why she couldn't sleep the first month (not because things were going wrong).

4/ Fire Protection Services Company

๐Ÿ“ Location: South Florida
๐Ÿ’ฐ Asking Price: $3,500,000
๐Ÿ’ผ EBITDA: $850,000
๐Ÿ“Š Revenue: $5,000,000
๐Ÿ“… Established: 1965

๐Ÿ’ญ My 2 Cents: Sixty-one years in business tells you everything about the durability of this fire protection company. Fire sprinkler systems, alarms, and special hazard systems are mandated by building codes and require regular inspections, which creates a recurring revenue stream that's essentially guaranteed by regulation. The company serves commercial, industrial, and residential clients with a full-service offering that includes design, installation, inspection, testing, maintenance, and 24/7 emergency response. With 27 employees split between office staff and field technicians, the operation has meaningful scale and infrastructure. That said, the union contract is worth noting since it provides labor predictability but also limits flexibility on wages and work rules. What makes this interesting is the combination of mandated recurring revenue from inspections and project-based work from new construction and retrofits. I'd want to understand what percentage of revenue comes from recurring inspection and maintenance contracts versus project work, assess the geographic concentration and whether the license covers statewide expansion, and review the union contract terms and expiration. On the plus side, the seller's willingness to offer financing and an extended transition period reduces execution risk for buyers unfamiliar with the fire protection trade.

5/ Electrical Contractor

๐Ÿ“ Location: Colorado
๐Ÿ’ฐ Asking Price: $10,302,000
๐Ÿ’ผ EBITDA: $2,650,668
๐Ÿ“Š Revenue: $9,044,864
๐Ÿ“… Established: 1993

๐Ÿ’ญ My 2 Cents: Luxury residential electrical work in Colorado is a different game than typical residential contracting, and this company has spent 29 years building the relationships and reputation to dominate it. 70% of revenue comes from new construction and ground-up remodels on high-end homes where cost sensitivity is low and quality expectations are high. The business has relationships with over 20 general contractors who don't even bother bidding projects out because they trust this company to deliver. That kind of entrenched positioning is rare in the trades and creates a meaningful competitive moat. The owner has already transitioned day-to-day operations to a VP and project manager, which should ease the handoff. At 3.9x, the multiple is in line with market for a business of this scale and profitability, but the deal structure requires 95% cash at closing with a strong balance sheet, which limits the buyer pool. I'd want to understand whether the contractor relationships are transferable or tied to the owner personally, assess the pipeline visibility given the long lead times on luxury construction, and verify the licensed electrician staffing situation given how tight the labor market is. The deal structure is demanding, but the $750K in working capital included helps offset the upfront cash requirement and provides cushion for a capital-intensive trade business.

THE BEST OF SMB TWITTER (X)

Government shutdown could affect your SBA 7(a) deal this Saturday (link)

Your own 24/7 AI employee is here (link)

If you're searching to buy a business, your LinkedIn profile is probably costing you deals (link)

Why Main Street M&A deals bust, based on 330 broken transactions (link)

Legitimate addback or not? (link)

COMMUNITY PERKS

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

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

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

โ€ข Raising capital for your deal? Iโ€™ll connect you with investors from the SMB Deal Hunter Community.

โ€ข Interested in selling your business? Iโ€™ll help you connect with buyers from the SMB Deal Hunter Community.

RECENT PODCAST EPISODE

Savannah went from McKinsey consultant to owner-operator of Midway Electric in Columbia, Missouri.

She and her partner Brian Wolfe (who I interviewed previously) have closed two home services deals and are laser focused on building a long-term holding company, Funded Ventures.

Here are some of the highlights from the deep dive:

๐Ÿ”ฅ How Savannah went from "ETA skeptic" to running an electrical company in a market where she doesn't exactly look like the typical president

๐Ÿ”ฅ The state of the business when they bought it (everything was on paper, hourly rates were 40% below market, and the owners were barely holding on)

๐Ÿ”ฅ How they turned it around in months, including the pricing conversation with the team that actually got buy-in

๐Ÿ”ฅ Why they're willing to go "super, super small" on acquisitions when everyone else says to go bigger

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

THATโ€™S A WRAP

See you tomorrow!

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

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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.