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- New Deals: An absentee-run commercial cleaning company, special needs school bus transportation company, and 3 other finds
New Deals: An absentee-run commercial cleaning company, special needs school bus transportation company, and 3 other finds
Plus, the $7M business we just helped Jonathan acquire
Hello SMB Deal Hunters!
Iโm 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 upโฆ
๐ฅ Community Top Picks from the Last Market Watch Issue:
#1: Water Filtration Manufacturer with $1.1M in EBITDA
#2: Remediation Company in PA with $1.9M in EBITDA
#3: HVAC & Metal Fabrication Business in NH with $700K in EBITDA
Todayโs 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 6โ12 months.
COMMUNITY WINS
Hereโs what one SMB Deal Hunter Pro member shared this past week:

๐ Jonathan didn't find this deal by accident.
Our team sourced on and off market deals for him. Our advisors worked with him 1:1 to spot red flags, structure the terms and financing, and negotiate (including the $1M he got knocked off the purchase price).
NEW DEALS
These deals span the country. For custom-sourced deals in your area, click here.
1/ Absentee-Run Commercial Cleaning Company
๐ Location: Boston, MA
๐ฐ Asking Price: $2,000,000
๐ผ EBITDA: $500,000
๐ Revenue: $2,020,000
๐
Established: 2010
๐ญ My 2 Cents: Buyers often underestimate commercial cleaning because the service looks simple on the surface. But the barrier to entry isn't the work, it's the relationships. A book of 120+ accounts across retail, condos, schools, and dealerships represents years of trust that a new competitor can't shortcut. The current operator has built systems robust enough that the business largely runs itself, and what really jumped out at me is that staff retention is outstanding (average 10+ year tenure), which means relationships are deep and institutional knowledge is baked in rather than sitting in the owner's head. On top of that, their 25% EBITDA margins are solid for commercial cleaning, and the diverse account mix across multiple sectors should reduce cyclical risk. I'd want to understand what the contract renewal cycle looks like, the churn rate on the accounts, and if any of the retail or condo clients are on month-to-month versus multi-year terms. If you're looking for a business that generates real income without demanding your daily attention, this is as close as it gets.
2/ Special Needs School Bus Transportation Company
๐ Location: Florida
๐ฐ Asking Price: $4,000,000
๐ผ EBITDA: $1,500,000
๐ Revenue: $3,200,000
๐
Established: 1993
๐ญ My 2 Cents: Special needs transportation is a niche essential service that generates recurring contracts with school districts and municipalities. This business's 47% margin is exceptional and tells me routes are dense and well-optimized, though the capital intensity is worth watching: school buses aren't cheap, especially ADA-equipped ones, so I'd want to understand fleet age, upcoming replacement cycles, and whether those margins hold after you account for deferred maintenance capex. The fact that drivers work just 4.5 hours daily is actually a retention advantage in a market where driver recruitment is a constant pain point, and that part-time structure creates a natural growth lever: adding medical transportation fills the other half of each shift and opens expansion beyond current county lines. I'd also dig into the contract renewal cycle with school districts and how exposed the revenue base is to shifts in state special education funding. Ultimately, 33 years of established routes means deep institutional relationships that are genuinely hard to displace.
3/ Marble Company
๐ Location: Connecticut
๐ฐ Asking Price: $3,500,000
๐ผ EBITDA: $800,000
๐ Revenue: $5,000,000
๐
Established: 100+ years ago
๐ญ My 2 Cents: This century-old marble company with award-winning craftsmanship, a 20,000 square foot facility, showroom, and key employees with 15-30 years tenure is sitting on dormant growth. The owner literally turns down work, which tells me demand isn't the problem. The question is whether they're turning down the right work. I like their vertical integration of manufacturing and installation (a moat most competitors lack) and their high-end clientele which generates natural repeat and referral business, but I'd want to understand how much of their pipeline comes through B2B referrals versus one-off clients. The 16% net margin is actually strong for marble fabrication, where most shops land between 8% and 15%, which validates their pricing power and operational efficiency with high-end projects. For someone who respects craftsmanship and understands the high-end renovation market in the Northeast, the path forward is systematizing those B2B relationships with architects, designers, and general contractors, introducing complementary product lines like exterior stone, and being deliberate about which projects to take on. That's how you grow revenue and margins simultaneously without adding overhead.
CASE STUDY
Before Arman bought his $5.2M HVAC business, he almost made a $150,000 mistake.
He found a program that promised to do everything. Find the business. Handle the closing. Get the financing. All for $150K.
He signed the contract. Then the program pulled the offer and tried to renegotiate him into giving up 50% ownership of whatever he bought. He walked.
That experience led him to SMB Deal Hunter Pro, our business buying accelerator that works with you, not a too-good-to-be-true 'done-for-you' program.
12 months later, Arman closed. But the path to close was far from clean. In the case study, we break down:
โ Exactly how we helped him structure his deal so he only had to put 6% down
โ How new SBA rules mid-deal forced him to ask sellers to extend $400K of seller financing from 2-year to 10-year standby (and the exact approach he used so they didn't walk)
โ The two unexpected hurdles Arman had to get over early on in the search that derailed it for months.
Watch the full case study here ๐๏ธ
4/ Industrial Distributor (Waste & Recycling Components)
๐ Location: New Jersey
๐ฐ Asking Price: $14,400,000
๐ผ EBITDA: $3,039,904
๐ Revenue: $13,248,975
๐
Established: 2004
๐ญ My 2 Cents: Consumable wear components for solid waste and recycling equipment are non-discretionary replacement parts: when something breaks on a garbage truck, you need the part immediately. That makes this business both countercyclical and mission-critical, which is a rare combination. I like that they have two complementary divisions with cross-selling opportunities and that no single customer exceeds 8% of revenue, which means the revenue base is diversified enough that losing any one account won't move the needle. Their 23% EBITDA margins are impressive for a distributor, and even more so when you consider they're running this with just four full-time employees, which tells me the operation is lean and the value is in the relationships and supply chain positioning rather than headcount. EBITDA has nearly doubled in three years, which is the number I'd pressure test hardest: what's driving it (volume, pricing, product mix?), and is it sustainable or tied to one-time factors like pandemic-era pricing or a temporary supply gap? If that growth is organic and repeatable, this is a compelling opportunity, and the seller's willingness to stay on for one to three years significantly reduces transition risk.
5/ Non-Emergency Medical Transportation Company with Real Estate
๐ Location: California
๐ฐ Asking Price: $7,000,000 (inc. real estate)
๐ผ EBITDA: $1,587,678
๐ Revenue: $4,530,686
๐
Established: N/A
๐ญ My 2 Cents: NEMT is one of the clearest demand stories in small business acquisitions right now: an aging population, regulatory tailwinds pushing non-emergency transport out of hospital systems, and chronic underinvestment in the space. This Inland Empire operation has the fundamentals to capitalize on that demand. Keeping operations within a 50-mile radius creates density advantages for routing and driver utilization that larger, more dispersed operators struggle to match, and that discipline shows in their margins. The real estate component ($2.5M for land and building) is what separates this deal from most NEMT opportunities: you get hard asset backing that de-risks the investment and gives you optionality down the road. The total ask of $7M feels elevated at first glance, but strip out the real estate and the business prices closer to 2.8x, which is reasonable for this space. I'd want to understand what percentage of revenue comes from recurring appointment transportation versus one-off trips, how concentrated the payer mix is across managed care contracts and Medi-Cal reimbursement rates, and what happens to those rates if the state tightens eligibility or reimbursement schedules. If the recurring revenue is strong and the payer mix is diversified, the combination of a well-maintained fleet, clean books qualifying for SBA lending, and real estate ownership makes this one of the more complete NEMT packages I've seen.
COMMUNITY PERKS
โข Ready to buy and operate a $1M+ business? Partner with my team and get expert support at every step.
โข Want to invest passively in SMB acquisitions? Get access to investment opportunities.
โข Get a personal introduction to my preferred SBA 7(a) lender, non-SBA lenders, Quality of Earnings providers, or legal counsel
โข Raising capital for your deal? Iโll connect you with investors from the SMB Deal Hunter Community.
โข Interested in selling your business? Iโll help you connect with buyers from the SMB Deal Hunter Community.
RECENT PODCAST EPISODE
Steve Keller bought a crime scene cleanup business in Florida for $1.3M.
A few months later, he sold it to a private equity firm for $5.8M.
Thatโs more than a 4x return in a few months.
Oh, and he only brought $20,000 of his own money to the closing table on that $1.3M deal.
He only ever visited the site in Florida 3-4 times, and managed it remotely from his home in Dallas.
But how? Was Steve a business acquisition expert? Not even close. Steve was a sports TV camera guy.
In this episode, Steve shares:
The creative deal structure that let him buy a $1.3M with $20K out of pocket (thatโs less than 2% down)
The one billing change that nearly doubled revenue overnight and put him on PE's radar within months
And for our audio-only listeners, jump in and listen on Spotify or Apple Podcasts!
THATโS A WRAP
See you tomorrow!

-Helen Guo
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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.


