Hello from Bali 🌴
I decided to take a work retreat this week — new environment, full focus, no distractions.
Routine and stability are important. But so is novelty. New places spark new thinking, and I'd been feeling a bit stale. The 80-20 rule applies here too: 80% of the time, keep the foundation solid. But that 20%? Shake things up.
Bali's been on my radar for a while. It's become the spot for digital nomads — good wifi, cheap food, no cooking or cleaning, and you can just lock in on work without the usual home distractions. No catching up with friends (even though I love them), no errands, no routine pulls.
Just me and my laptop baby. Let’s jump into this week’s deals - notice how they are all under 3x purchase multiples!
💼 3 Businesses For Sale
Deal 1: B2B eCommerce Operations Agency
Asking: $800K | Revenue: $382K | Cash Flow: $324K | Multiple: 2.5x
An outsourced Amazon/marketplace operations team. Brands want to sell on Amazon, Walmart, etc. but don't want to build internal expertise — so they hire this agency to:
Set up storefronts and product listings
Handle compliance and logistics coordination
Manage ongoing account admin and performance
The numbers:
95% annual client retention (basically a subscription business)
$8K average contract with 50% YOY growth
80%+ net margins (asset-light, clients fund their own inventory)
Not founder-dependent — trained team handles delivery
Why it's interesting: Service business with SaaS-like economics. High retention, predictable revenue, and room to scale marketing (currently only running paid social).
What to watch: Client concentration. Need to verify no single client is >20% of revenue.
Link: View Listing
Deal 2: Legal Lead Generation (fromthelawyers.com)
Asking: $797K | Revenue: $426K | Cash Flow: $268K | Multiple: 3.0x
Pay-per-lead service for law firms. Runs Facebook/Instagram ads targeting people who need lawyers → generates qualified leads → law firms pay per lead delivered.
The numbers:
3 years of growth: $324K (2023) → $389K (2024) → $433K (2025)
63% profit margins, consistent YoY
Supposedly semi-passive — owner says 5-10 min/day
$760K pre-approved SBA financing available (pretty huge)
Bonus: 40-50K credit card points/month from ad spend (~$2-3K value)
Why it's interesting: Verified Stripe financials with 30+ months of statements. Existing LOI at $500K cash + $250K seller financing — room to negotiate.
What to watch:
Only 4 active clients (concentration risk — need to verify contracts)
Facebook ad dependency (though the system is already built and optimized)
Link: View Listing
Deal 3: AI Headshot Platform
Asking: $350K | Revenue: $288K | Cash Flow: $150K | Multiple: 2.2x
Users upload photos → AI generates professional headshots. Both B2C (direct consumers) and B2B (enterprise portal for employee photos).
The numbers:
3 years old (established 2023)
7,940 active users, 0% churn
81% gross margins, 56% net
Built on custom AWS infrastructure (not generic APIs = defensible moat)
Strong organic SEO (~$1,658/day equivalent traffic value)
B2B barely tapped: only $19K revenue so far, $282 average purchase
Why it's interesting: Two Big Tech engineers built it, want to return to their main careers. Proprietary tech, not API-dependent. At 2.2x cash flow, this is priced to sell.
What to watch:
Peaked at $50K/mo in 2025, now lower — ask why
AI headshot space is competitive (but proprietary tech helps)
Link: View Listing
💡 2 Insights This Week
Search Fund Success Rate = 63%
The 2024 Stanford Search Fund Study analyzed 681 search funds and found 63% successfully acquired a company. For those who did, average IRR is 35.1%.
Why it matters: These are pretty good odds and outcomes if you ask me. And even if you don’t find a business your investors approve of, you go back to private equity lol.
SBA Loan Rates Are Down — 2026 Could Be a Record Year
SBA 7(a) rates are the lowest they've been in three years. Current variable rates range from 9.75% to 13.25% depending on loan size, down from 11-14% in 2023-2024 when prime was higher.
Why it matters: Lower rates = better cash flow = more viable deals.
Tactical tip: If you're getting quoted 12%+, shop around. Rates vary by lender and loan size
📖 1 Story
Day 1 In Bali
Landed in the middle of a downpour. An hour of traffic later, I made it to the villa — hungry, tired, and wondering why I'd left Sydney.
That's always the way with new places. The first few hours are uncomfortable. Your brain is still looking for familiar patterns and finding none.
Then the rain stopped. Hit the gym, grabbed a shawarma from a Lebanese spot via $1 Grab motorbike, and walked to Pererenan Beach for sunset.
Bali's a strange place. Potholed roads one minute, pristine cafes the next. The contrast is jarring but honest. You see the full spectrum.
Day 1 verdict: rough start, good finish.
See y’all next week,
@eddieacquires
P.S. — If you know someone eyeing their first acquisition, forward this to them. If you want to chat deals, just reply