New Deals: A multi-location bakery, garage door business, and 3 other finds

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NEW DEALS

1/ Electrical Contractor

📍 Location: Arizona
💰 Asking Price: $700,000
💼 EBITDA: $516,824
📊 Revenue: $1,274,857
📅 Established: 2007

💭 My 2 Cents: Not only does this electrical contractor provide an essential service, but they do so with really attractive margins. I like how they generate this level of earnings with a home-based low-overhead operation and a healthy mix of residential work that brings in consistent revenues and larger, more lucrative commercial projects. Plus, many electrical contractors offer ongoing maintenance contracts or service agreements, providing a predictable revenue stream. Given their small size, I’d need to find out the specific roles and experience of their staff, if they also use subcontractors on their jobs, who’s responsible for bids for the commercial projects, and whether the key technicians are planning to stay (since it can be hard to hire skilled tradespeople). I’d also want to know the revenue split between their residential and commercial work, what jobs they now have in progress or on backlog, and who holds key licenses in the business (and if there’s redundancy). Ultimately, this deal looks like the chance to acquire a very profitable boring business listed at an extremely attractive multiple.

2/ Garage Door Business

📍 Location: Connecticut
💰 Asking Price: $2,450,000
💼 EBITDA: $651,072
📊 Revenue: $1,134,749
📅 Established: 1999

💭 My 2 Cents: This company, in operation for 25 years, offers a full suite of garage door services to include installation, maintenance, and repair. They have a great competitive edge as they are an exclusive dealer of premium Clopay doors, with the sole right to sell this brand in their territory. I like their substantial margins (which imply a well-run, streamlined operation), long experience in the industry, strong 6-person team (each with a long tenure at the company), and that the seller is retiring but dedicated to training the new owner during a transition period. I’d want to better understand how long their relationship with Clopay is scheduled to remain in effect, what is involved in its renewal, how large their exclusive territory is, and if they can expand it in the future. I’d also need to get a handle on what proportion of their revenue comes from Clopay products vs other brands, how they market to and acquire new customers (and whether Clopay drives them free leads), and what equipment and inventory is included in the sale.

3/ Multi-Location Bakery

📍 Location: Iowa
💰 Asking Price: $3,300,000
💼 EBITDA: $1,066,835
📊 Revenue: $8,563,389
📅 Established: 2015

💭 My 2 Cents: Bakeries are great because they create their own products that they can sell either retail or wholesale. This bakery operates two locations offering dine-in and take-out options, online sales, catering, and in-house events. I especially like the impressive revenue they generate from their two locations, telling me they have both products people really like and the operational wherewithal to handle a large amount of business. They employ 100+ staff members and have a full management team at each location, allowing the owner to take a semi-passive role and focus solely on big-picture items and growth. I could definitely see this business expanding by opening new locations, establishing wholesale accounts with local restaurants and grocers, and maybe even franchising the brand. However, I’d want to see both the revenue split between their different types of sales and the relative earnings and margins for their two locations. I’d then want to dig into the main operational challenges the business faces, if staffing is ever a challenge, how they handle increases in supply costs, if they face much local competition, and how they bring in new customers. An operation this size is not for the fainthearted, but for someone looking to get into the business, this deal offers both serious profitability and growth potential.

4/ Locksmith and Bicycle Shop

📍 Location: Florida
💰 Asking Price: $500,000
💼 EBITDA: $730,158
📊 Revenue: $1,054,824
📅 Established: 1944

💭 My 2 Cents: I like how this business has two distinct revenue lines, offering both locksmith services and bicycle sales and repairs (not a common combo, but I’ll take it!). Neither side of this business is very flashy, but there is always a cohort of established and new cyclists in any community that needs what they are selling. Plus, both of these business lines are also recession-resistant, as people still need locksmith services in a downturn and, as a rule, bicycle repairs go up when sales go down. They have been open for an amazing 70+ years, pointing to how they have built an incredible reputation and a very loyal customer base. I’d be curious about the relative performance of the two sides of the business and if one represents a disproportionate share of revenues or earnings. On the locksmith side of the business, I’d want to understand the split across lock installation vs repair vs lockout services. On the bike shop side, I’d want to dig into any exclusive dealership agreements with specific brands, value and condition of inventory, inventory turnover rates, and foot traffic/visibility of the location. I’d finally want more detail on their staffing and what lease terms the seller would offer.

5/ Home Health Agency

📍 Location: California
💰 Asking Price: $1,400,000
💼 EBITDA: $545,000
📊 Revenue: $2,300,000
📅 Established: N/A

💭 My 2 Cents: This home health agency checks a lot of important boxes. They have earned recognition from the California Department of Public Health (CDPH) and National Government Services (NGS), are accredited by The Joint Commission, are authorized to accept Medicare, and are fully licensed through October 2025. I really like their location in southern California, as the area’s massive population and increasing number of elderly ensure a consistent and growing demand for their services. Other real positives are their 20 years of experience in the industry, established vendor relationships, and strong referral network. I’d need more detail on their accreditations and licenses, including how hard they are to get, if their competitors hold the same ones, and what is needed to maintain them. Given how critical caregivers are to their operation, I’d also need to dig into the size of their staff and what is involved in recruiting and retaining key personnel. Finally, I’d want to get a feel for how their referral network works and how they otherwise attract new clients.