The hosts break down a Wyoming ski resort open just 40 days a year, calling it an amazing local novelty — but likely worth zero as an investment.

Business Listing – https://beartoothbasin.com/for-sale

Welcome to Acquisitions Anonymous – the #1 podcast for small business M&A. Every week, we break down businesses for sale and talk about buying, operating, and growing them.

💼 This episode is sponsored by Verivend — the platform built for independent sponsors and private market investors to move faster and cut out friction. From raising to returning capital, Verivend streamlines investment management with instant, secure payments and automatic reconciliation. It’s like Venmo for capital calls, deployments, and distributions — all with no transaction limits. Learn more at https://www.verivend.com.

🧠 Powered by Acquisition Lab — founded by Harvard MBA Walker Deibel, the Lab helps aspiring business buyers navigate search, diligence, and acquisition with expert support and community. Head to https://www.acquisitionlab.com

In this episode, the team tackles one of the quirkiest deals ever sent in by a listener — a tiny ski area in Wyoming and Montana that only operates during the summer. Tucked away off a seasonal mountain highway, this resort offers about 40 days of skiing each year. With two high-speed lifts running on diesel generators, capped daily tickets at just 100 skiers, and pricing of $50 a day, the business might top out at $200K in annual revenue under perfect conditions.

Key Highlights:
- Located on a seasonal highway with a 20-year forest service permit over 90 acres
- Open only ~40 days a year, with capped daily revenue of ~$5K
- Includes two high-speed lifts, three snowcats, seven trailers, and all tools
- Powered entirely by portable diesel generators — no built infrastructure
- Raises the question: why just $50 tickets for such a unique experience?
- Everyone agrees it’s a super cool concept, just not a business that cash flows

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Michael and Heather break down a $1.35M aerial ropes course adventure park for sale in the Colorado mountains, questioning if it's a business or just an expensive hobby gone wrong.

Business Listing – https://www.bizbuysell.com/business-opportunity/don-t-miss-amazing-aerial-ropes-course-adventure-park-in-bailey-co/2366740/

Welcome to Acquisitions Anonymous – the #1 podcast for small business M&A. Every week, we break down businesses for sale and talk about buying, operating, and growing them.

💸 This episode is sponsored by Capital Pad — the go-to marketplace for connecting acquisition entrepreneurs with investors. Whether you're buying a business or want to back someone who is, Capital Pad streamlines the entire process. Check them out at https://www.capitalpad.com

🧠 Powered by Acquisition Lab — founded by Harvard MBA Walker Deibel, the Lab helps aspiring business buyers navigate search, diligence, and acquisition with expert support and community. Head to https://www.acquisitionlab.com

In this episode, Michael Girdley and Heather Endresen dive into a unique business listing: a $1.35 million aerial adventure and ropes course park located outside Bailey, Colorado. The business sits on 12 commercial acres with a yurt office, restrooms, and a 916 sq ft building. Despite claiming top-tier equipment and 13 employees, the listing frustratingly reveals no financials—no revenue, no EBITDA, and questionable real estate clarity.

Key Highlights:
- Asking $1.35M for an aerial adventure park on 12 acres near Bailey, Colorado
- No revenue, EBITDA, or real estate clarity disclosed—raising major red flags
- Highly seasonal, heavy marketing needs, plus liability insurance due to inherent risks
- Likely built as a wealthy owner’s “fun hobby,” now trying to sell
- Michael and Heather both give a clear thumbs down on pursuing this deal

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Michael and Heather break down an Estonian e-commerce business selling lighting kits for LEGO sets, questioning its steep 7x EBITDA price tag amid thin margins, one-time buyers, and China sourcing risks.

Business Listing – https://www.bizbuysell.com/Business-Opportunity/lights-for-lego-game-of-bricks/2322004/

Welcome to Acquisitions Anonymous – the #1 podcast for small business M&A. Every week, we break down businesses for sale and talk about buying, operating, and growing them.

💼 This episode is sponsored by Verivend — the platform built for independent sponsors and private market investors to move faster and cut out friction. From raising to returning capital, Verivend streamlines investment management with instant, secure payments and automatic reconciliation. It’s like Venmo for capital calls, deployments, and distributions — all with no transaction limits. Learn more at https://www.verivend.com

📈 Also sponsored by Acquisition Lab – Your fast-track to business ownership. Get hands-on support, world-class resources, and join a top-tier community of acquisition entrepreneurs. Schedule your free consultation at https://www.acquisitionlab.com and mention Acquisitions Anonymous!

This week, Michael Girdley and Heather Endresen dissect a fascinating e-commerce deal out of Tallinn, Estonia: a business that sells lighting kits designed to supercharge LEGO displays. With $3.7M in annual revenue and $500K in EBITDA, it’s priced ambitiously at $3.5M — roughly 7x EBITDA — raising plenty of red flags.

Key Highlights:

- Asking $3.5M on $500K EBITDA (~7x), 13% net margins
- 20% customer return rate suggests mostly one-time buyers
- Likely sourcing from China, possible drop-shipping under de minimis rule
- Geopolitical & tariff risks could hit future margins hard
- Hosts conclude it’s a cool niche, but overpriced — fair multiple closer to 3.5-4x

Subscribe to weekly our Newsletter and get curated deals in your inbox

Advertise with us by clicking here

• Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.
• Do you enjoy our content? Rate our show!
• Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.

For inquiries or suggestions, email us at contact@acquanon.com