New Off-Market Businesses For Sale

Semi-absentee glass fabrication in NY, oilfield supply in West Texas, and more...

Todayโ€™s Sponsor

Hello SMB Deal Hunters!

Iโ€™m excited to share 5 new off-market businesses for sale in this weekโ€™s issue of Off The Grid.

As a reminder, these are exclusive deals sourced directly by our team, not represented by brokers and not available anywhere else. First up:

๐Ÿ”Ž 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

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

๐Ÿ‘€ 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 $150M 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 thatโ€™s expiring in 6 days. 

So if you've been waiting for the right time to make a moveโ€ฆ.

NEW OFF-MARKET DEALS

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

1/ Semi-Absentee Glass Installation & Manufacturing Company

๐Ÿ“ Location: New York
๐Ÿ’ผ EBITDA: $650,000
๐Ÿ“Š Revenue: $3,000,000
๐Ÿ“… Established: 1991

๐Ÿ’ญ My 2 Cents: Most glass shops either fabricate or install. This one does both, which is where the margin advantage comes from and why competitors without that capability can't easily undercut them on complex jobs. The commercial division wins work through structured builder association bidding and the retail side runs on a real advertising budget across radio, internet, newspaper, and print, so both channels have their own pipeline that doesn't depend on who owns the business. I like that several employees have 25 to 30 years of tenure, which tells me the institutional knowledge is in the team, and the owner has been running this semi-absentee while snowbirding in Florida for months at a time, which is about as clear a signal as you get that the business doesn't need him to function. I'd want to understand the revenue split between retail and commercial and whether the fabrication equipment has any near-term capital needs. Ultimately, a buyer stepping in gets 34 years of established relationships and a team that already knows how to run the place.

2/ Two Integrated Outdoor Rental Businesses

๐Ÿ“ Location: Wyoming
๐Ÿ’ผ EBITDA: $400,000
๐Ÿ“Š Revenue: $1,000,000
๐Ÿ“… Established: 2014

๐Ÿ’ญ My 2 Cents: A concession agreement with Yellowstone National Park is the kind of contract that doesn't come up for sale very often, and it may be the single most defensible asset in this deal. This business operates two integrated outdoor rental concepts out of the Jackson Hole area (gear rentals and a bear spray rental company folded in during 2020), serving one of the highest-traffic tourist destinations in the country. I like that the owner runs this at just 10 hours per week with robust SOPs and three core managers year-round, meaning the systems are genuinely in place and not just marketing fluff. I'd want to understand the renewal timeline on the Yellowstone contract since that access is the core of the competitive moat and what the seasonal cash flow pattern looks like since Jackson Hole tourism is heavily weighted toward summer and winter peaks. The 3% commission paid back to the park for operating access is a small price for a protected distribution channel inside a place that sees over 4 million visitors a year, and that's not something a competitor can replicate by opening up down the road.

3/ Oilfield Supply Business

๐Ÿ“ Location: Texas
๐Ÿ’ผ EBITDA: $1,800,000
๐Ÿ“Š Revenue: $33,000,000
๐Ÿ“… Established: 2016

๐Ÿ’ญ My 2 Cents: In oilfield supply, speed and service win the sale, and this business has grown from $18M to $33M in revenue over three years by out-delivering larger competitors on both. The company distributes everything from small consumables to large valves up to 30 inches in diameter, and that breadth of catalog tells me operators are treating this as a one-stop shop rather than a specialty vendor. The son-in-law runs outside sales and the daughter has developed significant expertise in oilfield parts, and both are willing to stay post-sale, which is meaningful continuity in a business built on relationships. The competitive advantage here is straightforward: exceptional customer service and rapid delivery, often at slightly higher prices than larger competitors, and customers keep coming back anyway. That said, the 5.5% EBITDA margin on $33M in revenue is thin for a distributor, so I'd want to understand gross margin by product category and whether the growth trajectory has continued into the current year given how sensitive this business is to Permian Basin drilling activity. The Permian is the most active basin in the country right now, but a buyer needs to underwrite what this looks like when rig counts soften.

CASE STUDY

Imagine spending the last 25 years buying companies and managing over 450+ employees. Do you think you'd need help buying a small business?

Ronnie didn't think he did. He'd spent nearly three decades buying senior living facilities with private equity money. He'd worked on more acquisitions than most people will see in a lifetime.

So when he sold his stake in 2024 and decided to buy a business on his own, he figured this would be the easy part.

It wasn't.

He searched solo for six months. Reviewed over 70 businesses. Called bankers, insurance contacts, and friends in his network for second opinions.

None of them understood the nuances of small business acquisitions well enough to actually help.

In January 2025, he joined SMB Deal Hunter Pro.

Eight months later, he closed on a $3.5M premium flooring company.

He closed with no seller financing, and still had 5 lenders fighting to fund it.

The unexpected twist? His COO abandoned him 30 days after close (but it ended up being a blessing in disguise).

4/ Perfume Retailer with Three Locations

๐Ÿ“ Location: Texas
๐Ÿ’ผ EBITDA: $700,000
๐Ÿ“Š Revenue: $2,000,000
๐Ÿ“… Established: 2008

๐Ÿ’ญ My 2 Cents: Fragrance is one of the few retail categories where customers genuinely want to smell before they buy, which is why it has held up in malls while so much other specialty retail has closed or moved online. This Texas operation has been running three profitable locations for 17 years with no active marketing beyond foot traffic, a general manager at each store, and a 35% EBITDA margin that is strong for brick-and-mortar retail at this scale. I like that the owner has stepped back to an oversight role, which tells me store-level operations aren't dependent on him being present. The zero eCommerce presence is the most obvious growth lever, and a new owner isn't inheriting someone else's failed digital experiment, they're starting clean with an existing customer base to seed it with. I'd want to understand the lease terms and renewal windows across all three locations since mall retail lives and dies by rent economics, and whether the product mix leans toward proprietary fragrances or recognized brands since that determines how defensible the customer loyalty actually is. A buyer with even a basic email list and a Shopify storefront could meaningfully change the revenue trajectory without touching a single thing about how the stores operate.

5/ Structural Steel Fabrication and Welding Business

๐Ÿ“ Location: Southern California
๐Ÿ’ผ EBITDA: $690,000
๐Ÿ“Š Revenue: $2,300,000
๐Ÿ“… Established: 1999

๐Ÿ’ญ My 2 Cents: Structural steel fabrication is not a business you can spin up quickly: it requires certified welders, specialized equipment, and a track record that general contractors will actually bet a job on, and this 26-year-old Southern California operation has all of that. The company maintains a regular base of GC clients while continuously sourcing new work through bid boards and networks like Dodge, and active contracts are already in place. I like that the shop manager has 20-plus years of tenure, that multiple estimators are on staff, and that the business operates within a focused 120-mile radius where it has built real name recognition over time. That depth of long-term staff tells me institutional knowledge isn't walking out the door with the owner. That said, the owner is still involved in bid review and day-to-day oversight, so I'd want to understand how much of the GC relationships run through him personally and whether the existing team can absorb that function post-sale. Southern California's commercial construction pipeline is one of the most active in the country, and a buyer who can step into the owner's role without disrupting the shop floor is acquiring a business that should keep winning work on its own.

COMMUNITY PERKS

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RECENT PODCAST EPISODE

Fred McGill spent years as head of sales and marketing at a venture-backed company. He ran a real estate tech startup with nearly 3,000 crowdfunding investors.

But he couldn't exit. Six years later, investors still ask when they'll see a return.

So instead of starting another company, he decided to buy one.

He looked at HVAC and plumbing. Both too crowded. Then he saw an opportunity other searchers hadn't.

He bought a 20-year-old electrical business doing just under $4M a year.

He's not an electrician. He's never touched a wire in his life.

In only 10 months, he added $650,000 in revenue to the business. And he's targeting $5 million this year.

All of it while still running his startup. Using nothing but his sales and marketing background.

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

THATโ€™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.