Hello SMB Deal Hunters!
I’m excited to share 5 new off-market businesses for sale sourced directly by our team in today's Off The Grid issue.
👇 In Today's Issue:
#1: Two-Location Preschool in TX with Directors and $900K EBITDA
🔎 Looking for deals in your area? We can source them for you.
This issue is proudly sponsored by SMB Deal Exchange, our new platform for connecting buyers and sellers of off-market businesses.
COMMUNITY WINS
Here’s what one SMB Deal Hunter Pro member shared this past week:

👀 Heads up: We’re not even halfway into August, and 4 Pro members have already closed deals with another 19 under LOI.
Deal activity always picks up as summer ends and everyone's back at their desk. At this pace, August is tracking to be one of our best months inside Pro.
So if you want to work with us to find, finance, and acquire a million-dollar cash flowing business in the next 6-12 months, start now and you could be under contract before Thanksgiving.
NEW OFF-MARKET DEALS
These deals span the country. For custom-sourced deals in your area, click here.
1/ Preschool With Two Locations
📍 Location: Texas
💼 EBITDA: $900,000
📊 Revenue: $3,800,000
📅 Established: 2018
💭 My 2 Cents: Most businesses grow by finding more customers, but a preschool grows by finding more teachers, because the families are already waiting. In a 2026 workforce survey close to half of programs said they were not enrolled to the capacity they wanted, and staffing was the top reason, so a center that is already fully staffed has the hard part done. This one runs two Texas locations with directors in charge of each and roughly 80 people on staff, and the franchise brand brings in most of the enrollment, so nobody is buying leads to fill rooms. That said, I'd want enrollment broken out by classroom age versus licensed capacity at each site, because Texas staffs infant rooms at one caregiver for every four children while older rooms stretch several tiers further, so the age mix moves margin more than the total number of children does. I'd also want to know how long each director has been in the seat and what it will take to retain them, since they are the layer the owner delegated to. Teacher turnover is what closes a classroom, so I'd want that figure for the last two years alongside what these centers pay versus other local employers. Every child in these classrooms ages out on a date a buyer can already see, so the waitlist is the operating schedule here, and an owner who keeps it current never has to go looking for a family.
2/ Gym and Health Club Open 24/7
📍 Location: North Carolina
💼 EBITDA: $280,000
📊 Revenue: $580,000
📅 Established: 2006
💭 My 2 Cents: A 24-hour gym gets paid the same whether a member comes four times a week or forgets the place exists. The doors are open 168 hours a week while payroll only covers the staffed hours, which is why an owner like this one has been able to oversee the business remotely. Rent and equipment cost the same whether the floor is half full or packed, so what a new member mostly costs is the advertising it took to sign them up. What stood out to me is that this one sells 12-month memberships instead of month to month. That said, I'd want to see the membership file split by how long each member has been there (first year, second, third and beyond) because the Health and Fitness Association put average annual retention at 66.4%, so a third-year member is unusual. A gym that lets members in at 3 a.m. logs every entry, so I'd also want those records by time of day, since the busiest stretch is what caps how many memberships this club can sell. A staff of 12 covers the front desk and the training floor, so I'd want to understand how much of the revenue is dues versus sessions, because dues keep arriving overnight while sessions do not. US gym membership hit a record 81 million in 2025 and visits passed their pre-pandemic peak, which puts a buyer's risk on this club rather than on the category.
3/ Nail Salon
📍 Location: Texas
💼 EBITDA: $300,000
📊 Revenue: $1,000,000
📅 Established: 2023
💭 My 2 Cents: Most nail salons live off the corner they sit on, running on walk-in traffic and whatever the neighborhood already knows about them. But this one has also spent 6% of EBITDA on advertising, which gives it a proven way to bring customers in. Gel and acrylic work brings a customer back every 2 to 3 weeks as the nail grows out, so the advertising only has to win someone once. A team of 17 covers the floor, and with other businesses taking the rest of his attention, the owner is down to about 20 hours a week. That said, I'd want to see the revenue split by service, because the work that runs on a maintenance cycle (gel, acrylic, lashes) is the part that comes back on its own. I'd also want to know what it costs to acquire one new client and whether that has risen as the budget grew, since a flat cost means there are still customers left to reach. A business like this one draws from the blocks around it, so I'd want the remaining lease term and the renewal options, since the address is doing part of the work. 28% of nail technicians work for themselves, so a lot of what a salon like this competes against is one technician who is also the receptionist, the bookkeeper and the marketing department.
MEMBER SPOTLIGHT
Christian is a 20-year marketing executive who wanted something nobody could shut off after Airbnb suspended his six-figure side hustle overnight.
There was no explanation and no way to appeal.
So instead of building another side hustle he didn't control, he bought a business that was already profitable.
He landed a $3.45M firm that rescues Amazon sellers when their accounts get shut down. (poetic, I know)
And with our help, he got the deal closed in about 7 months.
Today, one year in, he runs it remotely from Brooklyn and it clears $1.2M a year in cash flow.
He even took a three-week vacation in his first year, and the team never called once.
Now he's lining up two or three new services to launch.
But it wasn’t all smooth sailing. We also break down the 4 biggest challenges he dealt with in his first year.
4/ Commercial HVAC Installation and Rooftop Unit Service Company
📍 Location: Georgia
💼 EBITDA: $2,300,000
📊 Revenue: $9,000,000
📅 Established: 2022
💭 My 2 Cents: In commercial HVAC the install is how a contractor meets a building and the maintenance agreement is how it keeps it. This company grew on word of mouth with no advertising and no maintenance agreements, which leaves the recurring half of the model still sitting there unbuilt. It keeps 12 people in-house and subcontracts duct installation to four crews, since hanging sheet metal is a different trade from setting and servicing equipment. The owner runs the finance and administrative side rather than the field, and a minority partner holds 16%. Georgia issues the conditioned air license to a person and not to a company, so a buyer without one would need a licensed person on board before this business could operate, and the good news is both of them intend to stay on after a sale. That said, $3.25 million of work has been performed and not yet billed, so I'd want that balance split between what is waiting on an invoice and what a customer is disputing, because one gets collected and the other might not. The owner also runs a fabrication company that could come with the deal, so I'd want to know what this business pays that one, since a buyer leaving it behind pays market price instead. Whatever those answers show, this company knows the age and service history of every rooftop unit it has set, so the customer list for a maintenance program already sits in its own files.
5/ Modeling and Acting School
📍 Location: Nevada
💼 EBITDA: $700,000
📊 Revenue: $1,000,000
📅 Established: 1999
💭 My 2 Cents: Modeling and acting jobs do not come from applying. They come through an agent who decides who gets seen, which is why twice a year this school puts more than 100 agents and managers in a room for five days. A seat in that room sells for $4,000 against roughly $800 of cost, so about 80% of what the event collects stays. Federal data counts 57,000 working actors and 6,700 working models in the country, and the group that wants in is the one this school sells to. It enrolls about 40 new people a month and collects first, taking $2,000 upfront on a course priced at $2,500, so students fund the working capital and nobody waits on a receivable. That said, I'd want to see the sales and marketing engine behind those 40 a month, because that is the number the whole business rests on. I'd also want to know what share of students actually get signed or booked, which is what a school like this is ultimately selling. And I'd want to know how many of those students also buy a seat at the event, since the second sale is worth more than the first. Almost everyone who teaches here does it part-time, so the cost of a slow month stays small, which is how a school with nine people on it keeps as much as it does.
COMMUNITY PERKS
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RECENT PODCAST EPISODE
Scott spent years running other peoples’ companies, a trade association, then a software division doing tens of millions a year.
Until his employer didn't pay him a commission he had earned (worth tens of thousands of dollars).
And that's when it hit him, he had no say in what he took home.
He had built from scratch before, a drunk voicemail site, a TV show on Amazon, but those took years of his life.
So he kept both jobs, and searched from his office at a coworking space until 1am every single night, for a solid year.
Eventually, he landed on a decades-old HVAC and commercial kitchen repair company in St. Louis.
Then the hard part started. The first year nearly destroyed him, and he had no investors to fall back on.
He rebuilt the whole crew and went 12 months unpaid, to then still hit 16% margins, up from single digits.
Today, his crew has doubled and he has an LOI out on a second business.
And for our audio-only listeners, jump in and listen on Spotify or Apple Podcasts!
THAT’S 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.



