On this episode of Acquisitions Anonymous, Michael pitches Heather on buying a winery.
This listing is for San Martino Winery and Vineyards in LaVon, Texas, priced at $3.1 million, including real estate valued at $1.7 million. While the business has a strong social club aspect and positive Google reviews, it generates just $150,000 in annual cash flow. The ideal buyer would need a significant net worth and a passion for wine and hospitality, as this business prioritizes lifestyle over profits.
Thanks to this week's sponsors.Acquisition Lab and their team have been longtime supporters of the pod.Created by Walker Diebel author of Buy Then Build: How to Outsmart the Startup Game, is an accelerator with a highly vetted cohort-based educational and support community for people serious about buying a business.Acquisition Lab exists to help people buy a business and navigate all the complexities of the process, as well as provide a trusted framework, tools, and resources to support you from search to close.If you are serious about buying a business, check out acquisitionlab.com or email the Lab's director Chelsea Wood, chelsea@buythenbuild.com.
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Connor and Heather break down a $2.6M Manhattan boutique stretching franchise, debating its “passive” claims, premium valuation, and if the trendy concept will stand the test of time.
In this episode, Connor and Heather break down a $10.9M Primrose School franchise in Dallas-Fort Worth that includes real estate, debating financing hurdles, valuation quirks, and who the ideal owner really is.
Mills uncovers a quirky wedding venue and horse boarding business for sale on Facebook, and the team dives deep into the pros, cons, and hidden challenges of buying a property-dependent small business.