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Water Sports Rental Biz w/ $918K Annual SDE 🏖️
Under the Radar Weekly Deals

Discover Top SMBs for Sale
👋 Hey fellow searchers,
Hope you had a great weekend and welcome back to Under the Radar!
Let’s get right into it.
This week’s issue features:
🏠 Title and closing services company w/ $600K annual SDE
🏖️ Water sports rental biz w/ $918K annual SDE
💐 Service entertainment biz w/ $1.2M annual SDE
Hot Deals 🔥
Analyses of the best deals we found across top marketplaces and brokerages.
#1. Title and closing services company w/ $600K annual SDE
🏷️ Asking Price: $1,400,000
📍 Location: New Hampshire
Overview: This well-established title and closing services company has built a stellar reputation as one of the state’s top 10 firms. Operating since 2002, it offers a full suite of residential and commercial services, including title examination, loan closings, document preparation, and 1031 exchanges. The business operates out of a 4,200 sqft. leased facility and thrives in both property sales and foreclosure markets. With no attorney ownership requirement in New Hampshire, the company stands out in a competitive landscape dominated by small law firms and out-of-state regional players.
Key Highlights ✅
~$1.6M revenue
~$600K annual SDE
Leased RE ($4.2K/month)
Seller financing available
7 employees
Growth Avenues 🚀
Develop referral partnerships with real estate agents, lenders, and law firms to build a robust pipeline of new business opportunities.
Open a satellite office in neighboring markets where the company has an established presence but hasn’t fully capitalized on demand.
Potential Risks 🚩
While local competition is limited, regional and national title companies could expand into the market, increasing competitive pressures.
Heavily tied to the health of the real estate market, making the business potentially sensitive to economic downturns or shifts in housing trends
Questions❓
What percentage of revenue is derived from residential vs. commercial transactions?
What are the terms of the lease agreement? Are the terms flexible or negotiable for the new owner?
Are there any specific state or local regulations affecting title companies in New Hampshire that could impact future growth?
#2. Water sports rental biz w/ $918K annual SDE
🏷️ Asking Price: $2,000,000
📍 Location: Lee County, FL
Overview: This water sports rental business is the largest of its kind in Southwest Florida, boasting 18 years of operation and a loyal customer base. The business offers premier jet ski rentals and beach chair/umbrella rentals, supported by two grandfathered licenses that add exclusivity—no new licenses of this type will be issued by the city. In addition to the rental services, the business includes a fully equipped beach restaurant, operating from a custom-ordered food truck. The business operates out of a leased location with a long-term agreement in place ($10,019/month, expires January 2036) and the owner is seeking to exit due to family reasons, offering two weeks of training at no cost.
Key Highlights ✅
~$1.83M annual revenue
~918K annual SDE
$950K FF&E (included)
2 grandfathered licenses
Selling financing available
14 employees
Growth Avenues 🚀
Implementing a dedicated online platform for reservations and payments could improve efficiency, reduce friction for customers, and increase bookings.
Build relationships with nearby hotels, resorts, and tour operators for referral business or exclusive packages.
Potential Risks 🚩
While the area is poised for growth, delays in redevelopment could temporarily impact customer traffic and revenue.
Given the business’s complexity and various revenue streams, new ownership will need to quickly adapt to ensure smooth operations.
Questions❓
Are the two grandfathered licenses transferable to the buyer, and are there any renewal requirements?
What are the specific terms of the note from the previous owner that the buyer will need to assume?
Are there any restrictions or conditions in the lease agreement that could affect operations?
#3. Service entertainment biz w/ $1.2M annual SDE
🏷️ Asking Price: $4,250,000
📍 Location: Louisville, KY
Overview: This established event services company has been a trusted name for over 15 years, offering comprehensive event design, rentals, floral services, and custom signage. The business is a preferred vendor for many of Kentucky’s top venues, catering to corporate, nonprofit, and private clients. Operating from a spacious 83,650 sqft. facility that combines a showroom, warehouse, and offices, the company boasts an extensive inventory of durable rental equipment, a well-trained staff, and advanced project management software to ensure operational efficiency. The business holds strong vendor relationships and is positioned to handle additional event capacity.
Key Highlights ✅
~$4.62M annual revenue
~$1.23M annual SDE
~$852K annual EBITDA
$1.65M FF&E (included)
$134K inventory (included)
Growth Avenues 🚀
Leverage the company’s reputation to expand into nearby markets beyond Louisville, including neighboring states or urban centers.
Introduce high-margin add-ons like photo booths, live entertainment packages, or specialty lighting services.
Potential Risks 🚩
The business relies on a skilled and loyal team. Retaining key staff during and after the transition will be critical for operational continuity.
Managing such a large inventory requires meticulous maintenance and tracking to avoid unexpected costs or inefficiencies.
Questions❓
What percentage of revenue is generated from repeat customers versus new clients?
Is the facility’s size sufficient to meet future growth, or will expansion require relocation?
How often is the durable rental inventory replaced or repaired?
Other Hot Deals 🔥
Radar Picks 📡
Bit-sized reads featuring insights and fresh perspectives
Tweet of the Week 🐦
This week’s featured tweet comes from Justin Mazeka Vogt, who shares a grounded perspective for professionals considering a leap into SMB acquisitions. His advice? Read the literature, embrace team building and operations, and make sure you’re excited about actually running a business—not just chasing EBITDA multiples. A must-read for anyone evaluating this path. Check it out👇
So you want to leave your Wall St. job to acquire an SMB
I give the same "advice" to everyone that is considering this path...
— Justin Mazeka Vogt (@J_M_Vogt)
7:12 PM • Jan 21, 2025
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DISCLAIMER: This newsletter is for informational purposes only and should not be considered financial advice. It offers analyses of businesses without endorsing any specific financial actions. Readers are advised to do their own research and consult a professional before making investment decisions.