We signed an NDA for this big boy: $9.6M EBITDA Florida Armored ATM Services Business - Acquisitions Anonymous episode 147

Want to receive this listing in your inbox? Signup for our weekly newsletter:https://www.getrevue.co/profile/acquanon-----Michael Girdley (@Girdley) and Mills Snell (@thegeneralmills) talk about an Armored and ATM Service in Mid-Florida. In this episode, we discuss how this business works, tail & headwinds. We try to determine why a strategic purchaser has not yet purchased this business. Mike also provided a very insightful explanation, by comparing the past and present, of how digital money is replacing traditional forms of currency and how cash value is decreasing over time.-----Thanks to our sponsor!SMBash.com - Join us in Austin, TX, from April 27th - 30th, 2023, for one-on-one interaction with others who focus on buying, operating, and investing in the SMB and Micro-PE space.SMBash is a live gathering of SMB, Micro-PE, and ETA owners, operators, and investors.-----Show Notes:(00:00) - Introduction(01:33) - Our Sponsor is SMBash(02:55) - Deal & financials: Mid-Florida Armored and ATM Services(05:15) - This is a hot EBITDA Margin! Is this deal legit?(08:06) - Why hasn’t a strategic buyer bought this yet?(11:46) - What does this business do?(13:16) - What’s going on with cash as a payment method?(15:38) - What do we think about the margins? Is it a red flag?(20:38) - How did COVID affect this business?(22:24) - Is there a Moat around hiring? -----Additional episodes you might enjoy:#146 - Should we buy 239,000 Domain names?#145 - Is this design agency a good buy?#144 - We spot an amazing Business Broker#142 - Should we buy this Crossfit Gym?#141 - A very profitable B2B Internet Business in the Petcare Vertical#140 - Let’s SBA the heck out of this deal - with special Guest Heather EndresenSubscribe to  weekly our Newsletter and get curated deals in your inboxAdvertise with us by clicking hereDo 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 [email protected]