Buying Businesses

Small business acquisition (no experience required)

Buy a small, profitable, owner-operated business using SBA loans or seller notes and operate it.

Catalog synthesis

The idea, in plain language

Buy a small, profitable, owner-operated business — often via SBA loans, seller notes or micro-acquisition roll-ups — and run it (sometimes yourself, sometimes with operators). Numbers across the videos range from Thomas Smale's $1B+ in closed website/SaaS M&A deal volume to Andrew Wilkinson's 38 companies / $300M portfolio / $10M lost, Brent Beshore's Permanent Equity at ~$250M AUM, Karl Hughes' draft.dev at $2.5M/year, and 'biz-for-sale in SC' lead aggregation as a SaaS+SEO wedge. Customers vary by play: the brokerage / marketplace serves sellers and buyers, the operating play serves end customers of an existing business, and the hold-co serves portfolio companies. Startup cost is explicitly high on the operating side (SBA loans, capital for acquisitions, rent on equipment) and near-zero on the brokerage side.

Where the sources agree

  • Buying a proven, profitable business beats building one from scratch — Wilkinson's $300M portfolio and Beshore's Permanent Equity thesis.
  • Operating partners, owner-earnings math and 'before picture' due diligence are the language of the small-biz PE / hold-co playbook.
  • Some businesses have 50X potential because they were run by absentee owners without marketing — the 'old owners are desperate to hand off' theme.
  • Brokerage and marketplaces (Thomas Smale, bizbuysell-style aggregators) are themselves viable solo businesses with low capital needs.

Where they differ

  • Starter Story (Karl Hughes, Thomas Smale) anchors on productised service or website/SaaS M&A — capital-light, software-shaped. MFM (Wilkinson, Hormozi profile, Beshore) anchors on real operating businesses with capital, debt and SBA loans.
  • The Koerner Office ranges from acquisition advice (the SaaS-acquisition caller) to operator Q&A on pet cremation, junk removal, tortilla routes, RV parks and driving ranges — almost all physical-asset plays with on-site labor.
  • Roll-up strategy differs: Wilkinson / 'Tiny' stack micro-acquisitions into a hold-co; Beshore's Permanent Equity takes majority stakes with operator partners; Smale brokers site flips; MFM's $1B brainstorm pitches pizza robots or 'buying a university' as moonshots.
  • Risk framing differs: Hormozi's $72M in 5 years is presented as either legit or 'shady guru'; Wilkinson's $10M lost is presented as tuition for the holding-company thesis.

What each source says

acquiring-mindsRight-Tail Outcome for a Husband & Wife Search Fund | Courtney Dunn & Jonathan Dunn Interview

The Dunns acquired cash-pay medical EHR platform Cerbo, grew it from under $5M ARR to over $10M, expanded headcount from 20 to 75, and achieved a life-changing liquidity event.

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Starter StoryHe Built A $2.5M/Year Business In 2 Years

Karl Hughes's draft.dev story suggests a productised content micro-agency: fixed-price landing pages, documentation, and case studies for one specific technical vertical, fulfilled through a small bench of specialist writers.

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MFMI Own 38 Businesses. Here's What Actually Makes Money.

Andrew Wilkinson's model-selection lens favors small software or productized-service bets in familiar B2B niches over capital-heavy acquisitions, especially when the operator can compare SaaS, agencies, local services, and marketplaces side by side.

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Side Hustle NationShe Bought A "Boring Business"... It Almost Ruined Her Life

Palacio and her husband bought a South Florida landscaping company expecting hands-off cash flow, survived near-ruin, and added ~$300,000 in equity value.

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acquiring-mindsBuying Small to Build for the Long Term ($300k SDE) | Brendan Duebner Interview

Brendan Duebner describes acquiring IT Total Care, a 4-employee managed IT services firm with $300k SDE, using deal structure to limit risk and intentionally building toward a 20- to 40-person team over the long term.

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acquiring-mindsThe Roll-Up with No Investors & No Clock | Tyler Hoffman Interview

Tyler Hoffman bought Detroit managed-IT firm Metro Wireless in late 2021 at age 28 and scaled it from $3.6M of revenue to $9M with $2M+ EBITDA via no-equity roll-up.

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KoernerHow To Successfully Acquire a SaaS Business: Key Strategies and Tips

The caller discussion supports pursuing a micro-SaaS acquisition or niche B2B software product for underserved verticals. Examples from the episode include payment processing and invoicing for B2B services, software for law enforcement and private security, and operations-heavy local service categories.

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mark-tilbury7 Side Hustles For Busy 13-19 Year Olds (2026)

Mark Tilbury's roundup hints at acquiring or systematising boring local businesses as a side hustle for teenagers, framed alongside TikTok Shop and reselling.

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Codie SanchezYou Don't Need To Start A Business, Just Buy One Of These

Codie's framing is buying rather than starting, surveying businesses to acquire in 2026 with margin, scalability and AI-proof grades.

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Codie SanchezHow to Find Businesses to Buy NO ONE ELSE Knows About (80 MINUTE Playbook)

Codie runs an 80-minute 'Seven D's' masterclass teaching how to find, evaluate and buy small businesses on- and off-market, with seller-financing structures and the Contrarian Deal Box as the core framework.

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Starter StoryZero to $1.1B from Flipping Websites

Video covers Zero to $1.1B from Flipping Websites.

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Codie SanchezHow To Grow Your Business SO Fast It Feels Illegal

Codie lists strategic bolt-on acquisitions as one of six real growth levers for businesses she owns across her portfolio.

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MFMBehind The Scenes of Selling My Company For Millions | Suli Ali (#410)

Video covers Behind The Scenes of Selling My Company For Millions | Suli Ali (#410).

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MFMIf I Had To Make $1 Billion... Here’s The Business I Would Start

Video covers If I Had To Make $1 Billion... Here’s The Business I Would Start.

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MFMHow To Grow A Small Agency Into A Billion Dollar Company (#414)

Andrew Wilkinson's Tiny story suggests treating a portfolio of small vertical software and service products like a holding company: standardize pricing, hosting, analytics, and sourcing, then acquire adjacent niche SaaS products over time.

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MFMOld Owners Are Desperate to Hand Off Profitable Businesses

Build a 'businesses-for-sale in upstate SC' lead-aggregator that pulls listings from bizbuysell, BizQuest, broker sites and brokers' emails — a tiny SaaS plus an SEO site that flips warm leads to local brokers for a referral fee.

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KoernerHow Can I Start and Grow a Pet Cremation Business?

Video covers How Can I Start and Grow a Pet Cremation Business?.

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acquiring-minds$340k to $1.3m of Earnings in 14 Months | Robert Brooks Interview

Rob Brooks bought Gary Air, a Sarasota HVAC business, lifting EBITDA from $340K to $1.3M in 14 months while learning the trade hands-on.

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acquiring-mindsThe Magic of Low Multiple + Growth | David Graf Interview

David Graf acquired Danhard, an HVAC business for specialty vehicles, at a 2.7x multiple against $750k of adjusted EBITDA. He grew EBITDA 58% in 19 months through operational improvements after the acquisition.

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acquiring-mindsThe Ferrari of Signage: $9.5m Pipeline in 6 Months | Andrew Sova & Alex Clark Interview

Andrew Sova and Alex Clark explain buying Winsor Fireform, a 40-year-old Seattle porcelain enamel fabricator, with a conservative SBA deal and renegotiated price. The episode covers working-capital and work-in-progress surprises plus early marketing and operations improvements.

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acquiring-mindsStarted as SBA Searcher, Built to a PE Fund | Joe Wechsler Interview

Joe Wechsler started by buying a struggling home care agency with under $300k of SDE. He later acquired two more businesses for zero purchase price and evolved into Blue Line Ventures, a $25m fund with 10% preferred return.

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acquiring-mindsHow to 4x EBITDA in 3 Years Without Growing Sales | Ned Tomasevic Interview

Ned Tomasevic acquired an asset rental business through a search fund after a search that yielded $1.5m rather than $2.5m in earnings. He later quadrupled EBITDA via margin improvement and moved into search investing.

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acquiring-mindsRolling Up an Industry with 1.5x Multiples | Truc Nguyen Interview

Truc Nguyen explains the economics of acquiring nail salons at around 1x to 1.5x multiples. The episode covers evaluating a first salon, the SBA process, a second acquisition, and operational improvements.

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acquiring-mindsHow to Structure Around Risk in a $250k SDE Acquisition | Alicia Powers Interview

Alicia Powers bought Price Builders, a residential construction company with $250k SDE, for a $750k purchase price. The deal involved a failed first negotiation, deferred payments, and seller mentorship after she obtained a GC license.

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KoernerHow To Increase Your Short Term Rental Occupancy

Video covers How To Increase Your Short Term Rental Occupancy.

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KoernerTaking a Junk Removal Business from $1M to $10M in 2026

Video covers Taking a Junk Removal Business from $1M to $10M in 2026.

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acquiring-mindsEscaping the J-Curve in a $700k SDE Ecom Business | Chris Farkas Interview

Chris Farkas acquired EmergencyKits.com, a niche ecommerce brand with ~$700K SDE and 9 employees, using an SBA loan. He wrestled with a post-close J-curve and the seller's cash-accounting distorting true profitability during diligence.

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side-hustle-school# 547 - Weekly Recap: Should You Ever Buy Someone Else’s Business?

The weekly recap episode highlights lessons from the week's interviews and addresses the question of whether anyone should ever buy someone else's business.

Listen on Side Hustle School
side-hustle-schoolEp. 3082 - First $1,000: Partners Turn Neglected Washers into Solid Profit

Two friends bought a failing laundromat, revived it with cost-efficient fixes and grassroots marketing, and grew it past their first $1,000 in profit, illustrating the buy-and-operate model for neglected local service businesses.

Listen on Side Hustle School
indie-hackers#226 – How to Be Your Own VC with James Layfield of Clearfind

James Layfield built Clearfind with roughly $3M of his own capital as a way for founders to find and acquire small SaaS businesses, positioning it as an alternative to traditional VC.

Listen on Indie Hackers
Codie SanchezDollar Cost Averaging is dead... This is how to invest in 2026

Codie advocates direct business ownership over index funds and ends with a 7-day challenge to find and evaluate local businesses.

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KoernerHe Turns Abandoned Driving Ranges Into Cash Machines

Video covers He Turns Abandoned Driving Ranges Into Cash Machines.

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MFMBillionaire Lawyer Reveals His Side Hustle Playbook.

Video covers Billionaire Lawyer Reveals His Side Hustle Playbook..

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MFMIs Alex Hormozi A Legit Businessman Or A Fake Guru?

Video covers Is Alex Hormozi A Legit Businessman Or A Fake Guru?.

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MFM$50M Founder Explains How He Finds “Golden” Businesses

No take is available for this episode.

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MFMThe Lazy Millionaire: I Own 40 Companies, But Don't Run Any Of Them

No take is available for this episode.

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MFMThe Richest People I Know Do One Thing

No take is available for this episode.

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MFMFrom $300k to $35M+ Selling Dog Ramps with Ramon Van Meer, CEO & Founder at Alpha Paw

No take is available for this episode.

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IsenbergBuilding a Mini Berkshire Hathaway

No take is available for this episode.

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acquiring-mindsAn Engineer's Mini Berkshire: 2 Auto Shops in 1 Year | Sujith Shankar Interview

Sujith Shankar financed a HELOC-priced first auto-shop acquisition 3.5 points below SBA rates and added a 50/50 seller-partnered second shop within a year.

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acquiring-mindsHow 1 SBA Loan Brought Down 2 Businesses | Edgar Galindo Interview

Edgar Galindo and a partner used SBA loans to acquire an Austin landscaping business and a complementary Dallas company six months later. Hidden liabilities, employee misconduct and legal disputes caused personal bankruptcy and the loss of both businesses.

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acquiring-mindsHow to Buy a $20m Business as a First-Timer | Alan Turkus Interview

Alan Turkus bought a $20m home healthcare and hospice franchise with 150 employees as a first-time buyer. The episode covers investor backing, SBA loan details, seller notes, a failed ROBS attempt, and franchise considerations.

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acquiring-mindsToo Good to Be True: Year 1 in a $700k SDE Business | Zack Mutnik Interview

Zack Mutnik bought Jeff Masters Electric, an electrical contracting business in southwest Florida with claimed $700k SDE, found on BizBuySell. Year one exposed suspicious margins, turnover, lawsuits, and a difficult seller transition.

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IsenbergHow Holdco Legend Michael Girdley is Playing Multi-Decade Games (and Winning)

No take is available for this episode.

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acquiring-mindsBuying a $12.5m Contractor to Create 1,000 Jobs | Manolo Diaz Corrada Interview

Manolo Diaz Corrada bought telecom and electrical contractor Bonneville Group at $12.5M of revenue with SBA approval, targeting 1,000 jobs created over time.

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acquiring-mindsBuy a Business with Your Tax Bill | Adam Whelchel Interview

Adam Whelchel bought Lakeland Escape Room at $365K of revenue and ~$105K of SDE, using a $108K depreciable-asset allocation and bonus depreciation to offset a ~$95K tax bill.

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acquiring-mindsBuying $1.5m of Earnings Without an SBA Loan | Justus Luttig Interview

Justus Luttig acquired Copeland Home Services, combining two Texas trades businesses with $1.5m of pro forma earnings, without an SBA loan due to visa constraints. The deal used seller rollover, seller notes, investor equity, and a convertible note.

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acquiring-mindsGrowing a $5m Metal Business 40% in Year 1 | Caleb Standafer Interview

Caleb Standafer bought Springfield Tool & Die for $5m in revenue and grew it 40% to $7m in year one. The episode covers SBA debt, environmental issues, process improvements, and a customer representing about 75% of revenue.

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acquiring-mindsFrom Software to Concrete Cutting (and $1.4m of SDE) | Tom McCormick Interview

Tom McCormick left a software leadership career to buy Quality Cutting and Coring, a concrete cutting and coring business with $1.4m of SDE. The discussion covers search strategy, deal structure, and post-acquisition changes.

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acquiring-mindsCareer Consultant Who Bought a 7-Figure Manufacturer | Paul Callahan Interview

Paul Callahan bought Metro Metal Works, an Atlanta precision fabricator with about $1M in earnings, closing in 2025 with SBA financing and a buy-side advisor. He also acquired the underlying real estate and is modernizing tech and a laser upgrade.

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acquiring-mindsSurviving a 2-Month Revenue Freeze in Year 1 | Chibunna Chimezie Interview

Chibunna Chimezie tells Acquiring Minds he used an SBA loan to buy Veterans Room, a behavioral-health provider, for $1.6 million in August 2025, keeping 89% equity, then survived a two-month telehealth revenue freeze using his post-acquisition liquidity plan.

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IsenbergWinning at Startups and the Future of Culture

No take is available for this episode.

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acquiring-mindsProduct-Market Fit in the Trades: 4x in 2.5 Years | Patrick Beal Interview

Pat Beal, a former B2B SaaS PM, bought a Northeast Ohio commercial HVAC and refrigeration business in May 2024 for ~$330K with 90% seller financing. He grew revenue from under $1M to a projected $3.5-3.6M, roughly 4x in two and a half years.

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Koerner"I Bought a Business That's a Scam. Now What?"

No take is available for this episode.

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acquiring-mindsAcquiring Isn't Always a One-Way Door | Gabriel Cruz Avila Interview

Gabriel Cruz Avila bought Katy Tile & Marble, a 30-year-old Houston-area remodeler, for $1.44M with SBA financing in early 2024. He modernized ops, then sold the business two years in after a personal divorce for emotional health over maximum price.

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acquiring-mindsNever Worked Harder, Never Been Happier | Gina Rosen Interview

Gina Rosen bought Seasons Jewelry, a small wholesaler, in July 2023 using a HELOC and kept her W-2 for a year. She is reinvesting all profits while navigating tariff-driven manufacturing pressure.

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acquiring-minds$400k Profit Fixing Church Pews | Greyson Boerner Interview

Greyson Boerner bought a 28-year-old Southern California church pew restoration shop, paying roughly 3x SDE that dropped to about 2x after pre-close growth. The business is on pace for $2M revenue and ~50% growth after a competitor closed mid-diligence.

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acquiring-mindsSide Hustle Acquisition to $5m in Revenue | Brendan Guerin Interview

Brendan Guerin and three friends bought a Chicago-area dog daycare a few months after college, kept their day jobs, and used roughly $200,000 of earnings to acquire several pet care locations, eventually owning the real estate while preserving local names, teams, and community ties rather than standardizing the way a private equity consolidator would.

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acquiring-mindsBuying a $7.3m Golf Course with No Money Down | Kyle Holmes Interview

Kyle Holmes bought Quail Ridge Golf Club for $7.3M with SBA 504, conventional debt, and a seller note, betting on $500K-$700K of business earnings plus land value.

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