PODCAST · business
The Deep Dive - Business Sale
by Vipin Singh
This podcast takes several deep dives into topics that impact small businesses, with a special focus on transactions. We will demystify misconceptions and share our knowledge and experience based on the latest research and Deal data.
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Small Business M&A Update - July 2026
Send us Fan MailThe Trillion Dollar Hunt for Main Street: Your July 2026 M&A Survival GuideAre you a small business owner wondering what your company is worth in today’s shifting market? As of July 2026, the global M&A landscape is moving at two different speeds—a "K-shaped" recovery where the biggest players are making massive moves, while Main Street enters a critical "rebound with discipline".In this latest audio overview, we dive into the "Trillion Dollar Hunt" currently targeting small and lower-middle-market businesses. While deal volumes are selective, high-quality "A-grade" assets are attracting intense competition, with over 80% of well-prepared businesses seeing three or more competitive offers.What we discuss in this episode:The Main Street Survival Guide: Why thorough preparation is now the primary factor in transaction success. With the vast majority of owners entering the market with zero formal exit planning, we discuss why the "best sellers" are starting their journey 24 to 36 months in advance to professionalize reporting and de-risk operations.The AI-Powered Deal: We explore how artificial intelligence is rewriting the playbook for both sides of the table.For Buyers: AI tools are now infrastructure, used to "underwrite risk differently," accelerate due diligence, and identify synergy opportunities two to three times faster than traditional methods.For Owners: We discuss how savvy entrepreneurs are using AI tools to conduct their own searches, benchmark their business value, and streamline efficiencies to maximize profit margins before a sale.Valuation Realities: Get the latest data on multiples for businesses under $2 million in value (SDE-based) versus those clearing the $5 million to $50 million EBITDA threshold.The "Reset-to-Release" Phase: Understand why 2026 is rewarding businesses that have adapted to the "new norm" of higher interest rates and more rigorous underwriting.Whether you are looking to exit in the next six months or just want to ensure your business stays "continuation-grade" for the future, this update provides the essential insights you need to navigate the most disciplined M&A environment since the turn of the decade.Listen now to "The Trillion Dollar Hunt for Main Street" and prepare your business for what comes next. Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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What is a Search Fund?
Send us Fan MailThis podcast episode, "Buying Established Businesses for Millions," offers an essential guide for business owners who are considering a transition and want to understand a unique class of investors: the search fund. While traditional private equity firms often focus on financial engineering across a large portfolio, search funds are people-driven vehicles designed to acquire and operate a single company for the long term.In this deep dive, we break down everything a seller needs to know to engage in a well-informed discussion with a potential "searcher."What You’ll Learn in This Episode:The Search Fund Origin Story: How this model moved from a Stanford classroom in 1984 to a global phenomenon in entrepreneurship through acquisition.Search Funds vs. Private Equity: Understand the critical differences in investment approach and governance. Learn why a searcher is looking for a "job, not just a deal," and why they offer a more personalized succession plan than institutional firms.The Ideal "Established" Business: We define the specific criteria these investors look for—typically profitable SMEs with high recurring revenue, stable cash flows, and a presence in fragmented industries like services or software.The Searcher’s Lifecycle: A look at the two-year search and the 5-to-10-year holding period. Discover why searchers are often more patient than traditional PE firms, focusing on organic growth rather than rapid flipping.Verification and Trust: How to verify the authenticity of a search fund. We discuss the role of renowned institutions (like Stanford and Harvard) and the importance of the investor consortium—the group of seasoned backers who provide the searcher with mentorship and "acquisition capital".Why Deals Fail: An honest look at the primary reasons acquisitions fall through, from "elephants" in due diligence to valuation gaps and lack of investor support.The Post-Exit Reality: What happens after you sell? We explore exit options, including strategic sales and management buyouts, and why many search fund CEOs choose to roll equity and stay with the company long after the original investors have departed.Whether you are approaching retirement without a successor or simply looking for a buyer who will preserve your company’s legacy, this overview provides the analytical toolkit needed to evaluate if a search fund is the right partner for your business's next chapter Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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Jersey Mike's Subs: Point Pleasant NJ Origin to IPO
Send us Fan MailDiscover the inside story of how a single beachfront deli in Point Pleasant, New Jersey, transformed into a global franchise powerhouse seeking a $12 billion IPO valuation. This episode breaks down Jersey Mike’s operational maturation, tracing its journey from a 17-year-old’s $125,000 vision to an institutional platform backed by the private equity giant Blackstone.For restaurant and franchise owners, this deep dive offers a masterclass in scaling without diluting brand standards, highlighting how Jersey Mike's maintains authenticity by requiring franchisees to slice every piece of meat fresh in front of the customer. We explore the brand's asset-light business model, which achieves a remarkable 47% adjusted EBITDA margin by shifting operational liabilities to a highly diversified network of over 630 unique franchise owners.Key insights for your learning and development include:The Nucleus Strategy: Learn how building localized clusters of units allows the brand to master regional operations and training before moving into new territories.Institutional Process Rigor: Understand why Jersey Mike's mandates an intensive 360-hour training program for new operators to ensure "Sub Above" quality is maintained across 3,300+ locations.The Digital Flywheel: Analyze how the MyMikes loyalty program, with over 12.5 million active members, is driving digital sales to account for 42% of all order occasions.Valuation Multiple Expansion: Discover the "institutional premium" that allows a franchisor to command multiples 3–5x higher than individual store operators by eliminating key-person risk.Dethroning the Competition: Hear how Jersey Mike's ended Chick-fil-A’s 11-year run at the top of the ACSI Customer Satisfaction Rankings by focusing on freshness and perceived value.Whether you are managing a single unit or a multi-brand portfolio, this episode provides the financial and operational roadmap to building long-term endurance in a competitive market. Listen now to understand the "whitespace" strategy that targets 7,500 domestic locations and a long-term goal of 15,000 stores globally Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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How Digital Footprints Multiply Your Valuation
Send us Fan MailIn this episode, we dive into the economics of the digital transition and how a business's online presence has evolved from a passive marketing tool into a core, strategically valuable intangible asset that directly impacts enterprise valuation. We explore how "digital history" is now a de facto line item on term sheets during due diligence, potentially adding a 10% to 30% premium to earnings multiples for digitally mature companies.The centerpiece of our discussion is how small business owners can fund this critical transformation through public and private grant funding infrastructure. We highlight the New Jersey Small Business E-Commerce Support Program (NJEDA), a professional services grant that provides up to $11,400 in direct services to eligible retail, dining, and service-sector businesses physically located in New Jersey. A unique advantage of this program is that NJEDA pays pre-qualified consulting partners directly, allowing owners to implement advanced e-commerce integrations, online ordering systems, and SEO audits with no out-of-pocket costs.We also explore other national and regional funding opportunities, including:Verizon Small Business Digital Ready Program: Offering $10,000 national grants to eligible businesses that complete specific digital marketing and cybersecurity modules.WomensNet Amber Grant: Monthly $10,000 awards (with $25,000 annual opportunities) specifically for women-owned enterprises to upgrade digital infrastructure.SBA STEP Grant: Funding for businesses looking to reach international markets through website translation and e-commerce localization.City of Decatur MDCG: A regional example of 75/25 matching funds (up to $2,500) for local brand and website development.In this episode, you will also learn:The Search Evolution: How to transition from traditional SEO to Answer Engine Optimization (AEO) and Generative Engine Optimization (GEO) to stay visible in a zero-click, AI-driven search world.Omnichannel Success: Why implementing BOPIS (Buy Online, Pick Up In-Store) can transform local storefronts into distribution hubs and capture high-profit impulse purchases from 67% of customers.Digital Due Diligence: A checklist for auditing "forgotten infrastructure" and reputational liabilities before they cause a "valuation haircut" during a business sale.The Conversion Edge: Why visitors arriving via AI discovery and LLM citations exhibit a 4.4x higher conversion rate compared to traditional search traffic.Whether you are planning a business exit in the next few years or looking to scale your current operations, this episode provides the roadmap and the funding resources to turn your digital footprint into a massive value multiplier Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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Decoding the $5M to $10M EBITDA Sweet Spot: 1H 2026 Market Insights
Send us Fan MailAre you curious about the current appetite for lower-middle-market acquisitions? In this episode, we dive deep into the Axial Pursuits Report for the first half of 2026, a data-driven look at exactly where buyer interest is gravitating right now.We move beyond anecdotes to analyze real-time "pursuits"—the moment a buyer explicitly expresses interest in a deal—to show you which industries, regions, and business sizes are attracting the most attention. Whether you are just starting to think about an exit or are ready to go to market, understanding these trends is essential for positioning your business for maximum value.Key Topics Covered in This Episode:The Industry Leaders: Why Industrials remains the dominant sector with 30.9 average pursuits per deal, and how Education and Business Services are showing surprising strength.The 5M−10M EBITDA "Sweet Spot": While the 1M–5M segment sees the most total volume, we explain why businesses in the 5M–10M EBITDA range attract the highest intensity of buyer interest, averaging 37.1 pursuits per deal.Pursuit Volume vs. Pursuit Rate: We break down the difference between total interest and engagement efficiency. Learn how Financial Services achieved a staggering 22.4% pursuit rate, proving that high profit margins can drive massive engagement even in smaller niches.Regional Hotspots: A look at the South Atlantic and Middle Atlantic regions, which currently command nearly 40% of all market activity.Exit-Ready Checklist: Practical steps for owners to improve their profile based on what the 1H 2026 data tells us about current buyer preferences.Why This Matters for Your Exit: Buyer interest is a leading indicator of demand. By understanding which "lenses" buyers are using to evaluate opportunities—from geographic location to EBITDA margins—you can better prepare your business to stand out in a crowded market.Ready to See Where Your Business Fits? Don't leave your exit strategy to chance. After listening, schedule a personalized discussion with our team to review your business’s valuation and see how many active buyers are currently looking for an opportunity exactly like yours. Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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The Small Business Survival Guide: Navigating Insolvency and Personal Risk
Send us Fan MailAre you truly protected by your LLC, or is your "corporate shield" thinner than you think? In a year marked by one of the sharpest rises in bankruptcy activity in over a decade, with total filings increasing 11.9% through March 2026, understanding the boundaries of personal liability has never been more critical.Join us as we explore the high-stakes world of small business insolvency, where business-specific filings have surged by 11.4% as owners battle persistent inflation and high interest rates. We pull back the curtain on the "swords of Damocles" hanging over entrepreneurs—from personal guarantees that can expose your home and savings to seizure, to the IRS’s aggressive Trust Fund Recovery Penalty, which holds you personally liable for 100% of unpaid payroll taxes even if your business is incorporated.Each episode offers tactical remediation for owners in distress, comparing the benefits of Chapter 7 liquidation against the powerful "lifeline" of Subchapter V reorganization, which allows you to restructure debt while keeping your equity. Whether you are looking for out-of-court debt negotiation strategies, a structured wind-down to preserve your reputation, or a way to protect your personal credit score amid a corporate default, this podcast provides the expert insights you need to navigate financial storms.Don't wait for a crisis to build your rescue team. Subscribe now to learn how to identify early warning signs, audit your vendor agreements for hidden risks, and safeguard your financial future Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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Low-Hanging Fruit: Turning Indirect Expenses into Pure Profit
Send us Fan MailAre you overlooking a "hidden treasure trove" of profit within your own company's ledger? For many small and medium-sized enterprises (SMEs), the focus is heavily placed on increasing sales or managing the direct costs of goods sold, while indirect spend—everyday expenses such as office supplies, IT services, marketing, and facilities—is left unmanaged. In this episode, we dive into how these often-overlooked costs can account for 20% to 40% of your total spending and provide a direct roadmap for turning those expenses into bottom-line profit.What You’ll Learn in This Episode:The "Low-Hanging Fruit" Concept: Why reducing indirect costs is easier and more effective than cutting staff or changing your core product.Fractional CPO Leadership: How to access executive-level procurement expertise on a part-time basis to negotiate better deals without the overhead of a full-time hire.The Power of GPOs: Learn how Group Purchasing Organizations allow small businesses to leverage the collective buying power of thousands of companies to secure enterprise-level discounts.Modern Spend Management: Why moving away from manual expense reports to automated platforms and virtual corporate cards can save your team hundreds of hours and thousands of dollars annually.Zero-Based Budgeting (ZBB): A step-by-step look at the budgeting method where every expense must be justified from scratch, ensuring every dollar has a strategic purpose.Why Listen? Unlike direct procurement, which is often tightly controlled, indirect spend frequently suffers from "maverick spending" and a lack of centralized visibility. Every dollar you save in these categories goes directly to your bottom line, creating a "return on non-investment" that can significantly boost your business's resilience and competitive edge.Stop flying blind with your company expenses. Tune in to discover how to orchestrate a proactive spend culture that drives long-term success Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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Beyond the AI Hype: The "Main Street" M&A Playbook for 2026
Send us Fan MailWhile global headlines are dominated by a "capital expenditure supercycle" in AI, a parallel story is unfolding in the small- and mid-market sectors. In this episode, we dive into the "tale of two markets" identified by Deloitte, in which a surge in megadeals has left ample opportunities for bold buyers in the small-business arena.Drawing on private market intelligence from Grata, we explore why highly fragmented "Main Street" industries—specifically HVAC, landscaping, and electrical services—are becoming the ultimate targets for strategic roll-ups. We’ll discuss the "superpower" of recurring maintenance contracts and why Morgan Stanley analysts view these predictable revenue streams as a critical hedge against economic volatility.We also examine PwC's concept of the "K-shaped" recovery, examining how smaller players can find a strategic edge even as the broader market focuses on scale. Featuring insights from McKinsey on portfolio streamlining and EY’s latest data on the resilience of service-based infrastructure, this discussion is a deep dive into the sectors where human expertise and local presence still drive the deal—proving that in 2026, you don't need an AI algorithm to find high-value M&A opportunities Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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Why 50% of Business Sales Fail After the Handshake (and How to Save Yours)
Send us Fan MailGetting an offer is only half the battle. In today’s market, the ground has shifted: while capital is available, scrutiny is at an all-time high. According to the 2025 Dead Deal Report, nearly 50% of broken deals fail during due diligence—after the euphoria of the signed LOI has faded.In this episode, we perform an "autopsy" on 2025’s failed transactions to show you exactly where deals go to die and how you can professionalize your business years before you list it for sale.What You’ll Learn:The New Deal-Killer: Why financing issues are down, but diligence findings have skyrocketed to 25.3% of deal failures.The Math Problem: How EBITDA discrepancies have doubled since 2023, and why a 25% overstatement error can end your exit instantly.Hidden Landmines: The non-financial risks—like customer concentration (40%+ from one source) and undisclosed legal issues—that owners try to hide but buyers always find.The Price of Failure: Why a dead deal costs more than just money, often wasting 100 to 140+ days of your time.The 2-Year Roadmap: A step-by-step strategy to transition from cash-basis to accrual accounting and conduct "Mock Diligence" to uncover your own skeletons first.Key Timestamps:0:00 - The Broken LOI: Why getting an offer isn't enough 2:15 - 2023 vs. 2025: The shift from financing problems to diligence problems 5:40 - The "Autopsy": Top 5 reasons deals fail 8:50 - What Lies Beneath: Legal risks and customer concentration 12:10 - The 100-Day Waste: The true cost of a dead deal 15:30 - Solution: Professionalizing your financials for an "Audit-Ready" exit 19:45 - The Best Defense: Your 2-year roadmap to closingAre You Ready to Sell?Don't try to "fix the bridge while you're crossing it". Success in 2026 requires investment-grade data and full disclosure. Whether you are a business owner or an advisor, this breakdown of the Dead Deal Report is your survival guide for the 90-day diligence window.Resources Mentioned:Axial 2025 Dead Deal Report Sell-Side Quality of Earnings (QoE) Checklist#BusinessExit #MergersAndAcquisitions #Entrepreneurship #EBITDA #DueDiligence #BusinessOwner #InvestmentBanking #DeadDealReport Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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The Hidden Reality of Selling Your Business: Emotions
Send us Fan MailMost entrepreneurs spend years architecting their lives around their company, but few are prepared for the emotional fallout that occurs once the deal is signed. In this episode, we dive deep into the sources to uncover why selling a business is often described as an "emotional rollercoaster" and why the "golden ticket" moment can lead to a surprising sense of isolation, grief, and identity crisis.We explore the core challenges every owner must face, from the bittersweet feeling of a "child leaving the nest" to the daunting question: "Who am I without this business?" Drawing on insights from the sources, we discuss the high stakes of the transition, including:• The 30% to 40% Reality: Why finding a buyer is never a guarantee and how to beat the odds.• The Social Impact: Navigating sensitive money conversations and the "fury" that can erupt when stakeholders—from children to employees—are not communicated with early and thoughtfully.• The Psychological Traps: How fear and defensiveness can lead to "backtracking" or stalling, which ultimately weakens your valuation and kills deals.• Planning for "Life After": The necessity of a six-month game plan to prevent a sense of drift and how to redefine your purpose beyond the money.Whether you are in the middle of due diligence or just starting to think about an exit, this episode provides a roadmap for reinventing yourself and protecting both your wealth and your family relationships during one of life's biggest transitions.Key Topics Covered:• How to handle the identity crisis and "post-partum depression" after a sale.• The importance of pre-transaction estate planning to protect your legacy.• Why perfectionism and emotional roadblocks are the biggest threats to a smooth sale.• Building a support network of peers and advisors who have walked this path before.Don't let your success lead to isolation. Subscribe to the podcast today for more insights on mastering your business exit, and share this episode with a fellow founder who needs to hear the truth about life after the sale. Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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Navigating the "Silver Tsunami": M&A Strategies for the 2026 Economy
Send us Fan MailIs 2026 the year of the deal? With interest rates dropping and pent-up demand unleashed, the global Mergers & Acquisitions (M&A) landscape is heating up. This episode unpacks the major opportunities waiting for buyers and sellers in the coming year.We discuss the game-changing One Big Beautiful Bill Act (OBBBA) and how its tax benefits—like the return of 100% bonus depreciation—are fueling a new era of aggressive portfolio optimization. We also tackle the "elephant in the room": the Baby Boomer retirement wave. With a flood of businesses entering the market, we reveal how to spot the best opportunities and avoid common valuation traps. Whether you are eyeing AI infrastructure or looking to acquire a legacy business, this is your roadmap to the 2026 market.Tune in to learn:How monetary policy easing is reviving the deal market.Why AI infrastructure spending is the new gold rush.Strategies for leveraging QSBS exclusions under the OBBBA.Tips for navigating the supply dynamics of the "Silver Tsunami." Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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Restaurant Owners: Stop Leaving Money on the Table!
Send us Fan MailAre you wrestling with high overhead, confusing branding, or staff turnover? You're not alone. The story of failed NJ restaurant, Bacarosa, is a harsh lesson in the dangers of operational confusion and market saturation.In our latest podcast episode, we dive deep into the specific challenges—from a rapid-fire identity crisis to crushing financial pressure—that led to Bacarosa's demise.But we don't just dwell on failure. We also break down actionable success roadmaps from industry leaders like Mei Mei and Dirt Candy! Learn how they stabilized wages and achieved cost-saving financial transparency with models like Open Book Management.Inside the Episode:📉 The common operational, financial, and market-related hurdles crippling new US restaurants.💡 How stable wage models can dramatically reduce costly staff turnover.💰 Practical strategies for mitigating high costs and achieving brand differentiation.Don't wait for your restaurant to become a cautionary tale. Tune in and get the blueprint for long-term viability!#RestaurantIndustry #FoodService #RestaurantOwner #SmallBusinessOwner #HospitalityManagement #RestaurantLife #BusinessStrategy #OpenBookManagement #StaffRetention #NJFood Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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Thinking about hiring a business valuation professional?
Send us Fan MailIn this podcast, we break down the crucial issues you need to consider to ensure you hire the right expert for your business:Experience & Specialization: Do they have a proven track record specifically in your industry or for your type of transaction (M&A, tax, litigation)?Credentials: Are they properly accredited (e.g., ASA, ABV, CVA)? Credentials matter!Independence & Objectivity: Is there any potential conflict of interest that could compromise their unbiased opinion?Methodology & Reporting: Understand the valuation approaches they plan to use and ensure their report will meet your specific legal or financial requirements.Fees & Engagement Scope: Get clarity on the fee structure and exactly what is included (and excluded) from the valuation engagement.Hiring the wrong professional can lead to inaccurate valuations, legal headaches, and costly delays. Tune in to get the full deep dive on making this critical decision!Want to ensure your valuation process is airtight? Reach out today to learn more about selecting the perfect valuation partner for your business needs!#BusinessValuation #PodcastSummary #HiringTips #FinanceExpert #DueDiligence #BusinessFinance #SmallBusiness #M&A Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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Did you hear about the Silver Tsunami? Myths busted
Send us Fan MailThe Silver Tsunami: Will the Greatest Wealth Transfer Become the Greatest Missed Opportunity?Baby Boomer owners control millions of companies and trillions of dollars in wealth. Everyone has been talking about the “Silver Tsunami” and the Great Wealth Transfer. By 2048, an estimated $124 trillion is expected to pass into new hands. The future of American business is about to change.Yet the expected flood of business sales has not arrived.Many owners are holding on longer than planned. Emotional ties. Unclear succession plans. Fear of taxes and uncertainty. Meanwhile, investors are pursuing the most attractive companies first, leaving others at risk of simply… disappearing.This disconnect creates a clear question: Who will step up to preserve these businesses, jobs, and legacies?In this week’s episode of Deep Dive – Business Sale, we explore:• Why small business transitions are stalling, even as owners age • The risks to communities and employees if succession continues to be delayed • The growing opportunity for capital-backed operators and strategic buyers • What owners can do now to protect their wealth and control their exitIf you are a business owner thinking about your future or an investor searching for long-term value, this conversation will help you see the landscape with sharper clarity.🎧 Subscribe and listen as we uncover the real stories behind generational transitions and business sales.Your legacy deserves a plan. Your capital deserves a strategy. Let’s get prepared. Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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Selling to a competitor? Do you know the role of a clean team in M&A?
Send us Fan MailOne of the biggest dilemmas business owners and investors face during a potential sale is this: How do you share the information a buyer needs without giving away your competitive advantage… especially when that buyer is a direct competitor?This is exactly where Clean Teams come in.Clean Teams allow both sides to collaborate on necessary due diligence and even begin integration planning, while protecting the most sensitive business information. Competitively Sensitive Information, like customer lists, pricing strategies, specific market data, and supplier agreements, is kept behind a controlled firewall. Raw data stays protected. Risk stays manageable.For sellers, that means confidence that your business stays strong if the deal doesn’t close. For buyers, that means faster post-close execution and synergy planning that actually works on Day 1.Clean Team Agreements set the rules: who can see what, how data is handled, what outputs can be shared, and how everyone stays on the right side of the law. No antitrust issues. No gun-jumping. No competitive leakage.If you have ever felt torn between transparency and protection during a transaction, this conversation is for you. Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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Lower Middle Market (LMM) Transactions: Axial update Q3 2025
Send us Fan MailThe podcast on Lower Middle Market (LMM) M&A is based on an analysis published by Kaitlinn Thatcher at Axial, tracking Small and Midsize Business (SMB) merger and acquisition (M&A) activity on the M&A platform. This quarterly report breaks down aggregated metrics, including quarterly deal volumes, financial characteristics, and pursuit rates across various industry categories. The analysis highlights that 3,320 deals came to market in Q3 2025, marking a 7.93% year-over-year increase, with Healthcare posting the largest growth at +27.3%. The data also examines the supply-demand alignment between deal volume and buyer interest (pursuit rate), noting that Industrials ranked first in both categories. At the same time, sectors like Technology showed a clear mismatch, suggesting high competition for limited opportunities. Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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Investor GPS: Navigating what top Investors want (McKinsey Report)
Send us Fan MailNew Episode Drop: Investor GPS on the podcast Deep Dive – Business SaleWhat do top investors really look for when evaluating a business? It’s rarely just about numbers — it’s about strategy, leadership, and positioning for growth.In this episode of Deep Dive – Business Sale, we unpack what truly guides investor decisions — the unspoken criteria, the red flags they notice first, and how business owners can align their story to attract serious buyers and investors.💡 Tune in to Investor GPS to discover:What top investors prioritize when assessing a business saleHow to build credibility and investor confidence earlyPractical steps to position your business for maximum value🎙️ Listen to Deep Dive – Business Sale for more conversations that help business owners plan successful exits, attract capital, and navigate complex deal dynamics.🔔 Subscribe and follow for regular insights — because understanding what investors really want can change the outcome of your next big decision.#DeepDiveBusinessSale #InvestorGPS #BusinessPodcast #BusinessSale #MergersAndAcquisitions #Entrepreneurship #InvestorInsights #BusinessGrowth Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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Lower Middle Market Buyer Landscape Update - June 2025
Send us Fan MailThe podcast offers an overview of the lower-middle-market M&A landscape, highlighting significant shifts in buyer types and deal dynamics. One source, an article from Axial, emphasizes the increasing diversity of buyers beyond traditional private equity and corporations, noting the rise of independent sponsors, family offices, and search funds, particularly for businesses with EBITDA between $ 1 million and $3 million. The second source, focusing on M&A trends for 2024-2025, corroborates the diversification of buyers and provides detailed insights into sector-specific deal activity and valuation trends, while also offering strategic recommendations for sellers to maximize their company's value. Both sources collectively paint a picture of a dynamic and evolving market, where understanding buyer motivations and preparing thoroughly are crucial for successful transactions. Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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IBBA and Dealstats Quarterly Market Survey Update
Send us Fan MailThis episode offers insights into the private company M&A market in Q1 2025, drawing on transaction data and surveys of industry professionals. The first source, the DealStats Value Index Digest, provides valuation multiples and profit margins for acquired private companies, noting fluctuations in EBITDA and net sales multiples across various sectors. The second source, the Market Pulse Executive Summary, reports on the overall market conditions for Main Street and Lower Middle Market businesses, examining trends in buyer types, financing, time to close, and the importance of the SBA loan program, while also highlighting the prevalence of first-time sellers lacking formal exit strategies. Both sources contribute to understanding the dynamics and key metrics influencing private business transactions at the start of 2025. Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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BizBuySell Q1 2025 SMB Market Insights
Send us Fan MailThis BizBuySell Insight Report analyzes the U.S. small business-for-sale market during the first quarter of 2025. It reveals that sales volume remained stable with a slight increase in transaction value and rising sale prices, despite emerging concerns about tariffs and economic uncertainty. The report highlights a surge in buyer demand, particularly from individuals seeking stability and escaping corporate environments. It also notes increased manufacturing sector prices due to potential onshoring trends. Finally, it emphasizes the growing importance of seller financing in facilitating deals in the current climate.Click here for the latest BizBuySell Insight Report: https://www.bizbuysell.com/insight-report/ Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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PwC's US Tax & Trade Policy Outlook 2025
Send us Fan MailThis podcast summarizes US and global tax policy based on PwC's research report published in early 2025. It focuses on the potential for significant changes in 2025 due to the new administration and Congress. It highlights the likely extension of the 2017 Tax Cuts and Jobs Act, proposed trade tariffs, and the formation of a government efficiency initiative. The report also examines the evolving landscape of international tax rules, including Pillar Two and digital service taxes, alongside state tax policy considerations and IRS developments. It underscores a year of potential action and uncertainty for businesses navigating complex fiscal and regulatory shifts. Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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Impact of tariffs on domestic US economy and risk mitigants
Send us Fan MailIn light of the recent tariff announcements, the podcast extensively discusses tariffs' multifaceted economic impacts, exploring their historical context, macroeconomic consequences on GDP and productivity, effects on employment and inflation, and varying sectoral outcomes, particularly in manufacturing, agriculture, and consumer goods, based on several research reports. A significant emphasis is placed on retaliation and the potential for trade wars, drawing lessons from the historical Smoot-Hawley Tariff Act. The analysis differentiates between short-term and long-term consequences, revealing a broad consensus in academic literature regarding the generally negative effects of widespread tariffs on economic growth and consumer welfare while acknowledging some debates around targeted interventions. Ultimately, the sources synthesize findings to conclude that tariffs often fail to achieve their intended benefits, leading to detrimental outcomes for the domestic economy.There is also a discussion on mitigation steps that CFOs and small business owners can take to prepare for and reduce the impact of tariffs. Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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Seller Financing and other tax planning strategies used for Business Sale
Send us Fan MailThe Podcast explains seller financing, a method where a business seller provides a loan to the buyer to facilitate the purchase. This arrangement involves contracts like a purchase agreement and promissory note, and it presents advantages and disadvantages for both parties, including the potential for faster closing and risks of default. The podcast also compares seller financing to traditional business acquisition loans from financial institutions, noting differences in relationship dynamics and qualification criteria. It outlines alternative ways to finance a business purchase and highlights when buyers and sellers might consider seller financing a viable option.Finally, it also discusses other tax planning strategies and clarifies that a qualified tax advisor should be used for customized guidance. Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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Primer: New Jersey Hotel and Lodging Industry
Send us Fan MailThe podcast offers insights into New Jersey's hospitality and lodging sectors. One of the source reports focuses on development in the Meadowlands, highlighting a proposed convention center, the impact of American Dream Mall, and hotel market conditions in the area. Another report examines the hotel market along the Jersey Shore, detailing recovery trends, occupancy tax data, and developments across its four counties. Finally, a study explains the use of capitalization rates and revenue multipliers for valuing limited-service hotels.Finally, a state document provides an overview of New Jersey's leisure and hospitality industry, including employment statistics, wages, and future projections. Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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Primer: Pool Service Business and Case Study
Send us Fan MailThe Swimming Pool Cleaning Services industry provides cleaning and maintenance services for swimming and wading pools, spas, hot tubs, whirlpools, and saunas. These services include surface cleaning and maintenance of equipment such as pumps, heaters, and filters, chemical adjustments, pool opening and closing, and inspections.According to the industry report, the US Swimming Pool Cleaning Services industry has grown significantly. Over the five years to 2022, industry revenue is expected to rise at an annualized rate of 6.1% to $7.8 billion. This growth was initially supported by an expanding economy pre-pandemic and was further fueled by an unprecedented demand for backyard pools during the COVID-19 pandemic. In 2022, revenue is expected to increase by 0.9%. The industry is projected to continue expanding over the five years to 2027, but at a slower annualized rate of 2.0% to $8.6 billion. Rising chlorine prices have aided profitability, as operators have been able to pass these costs on to consumers.The industry is characterized by low market share concentration and no major players. Most operators are self-employed individuals or small businesses with few employees; in 2022, nearly 89.0% of industry operators were non-employers. This is likely due to the localized nature of the services and limited opportunities for economies of scale. Barriers to entry are generally low.The industry's main activities include cleaning swimming pools and spas, equipment maintenance and repair, chemical adjustment services, and opening and closing services. The major products and services are general cleaning, equipment cleaning and maintenance, chemical adjustments, and other niche services. The industry serves a range of markets, with single-unit households, multi-unit residential, commercial clients like hotels and fitness centers, and institutional/municipal clients. Demand from residential consumers has historically been driven by consumer spending, disposable income, and the number of high-income households. The condition of the hospitality and recreation sectors influences commercial demand.External competition comes from do-it-yourself homeowners and commercial facilities' in-house maintenance staff. Technological advancements in automated pool cleaners pose a potential constraint on growth, although they cannot fully replace the spectrum of professional services offered.The industry is subject to a moderate and increasing level of regulation, including federal mandates on chemical handling and transportation and state-based licensing and certification requirements. While the industry does not receive direct government subsidies, professional organizations like the Association of Pool and Spa Professionals (APSP) and the Independent Pool and Spa Services Association (IPSSA) provide resources and promote standards.The case study covers a highly profitable pool service and repair business in Southern New Jersey with nearly $1 million in annualized revenue in 2022. This company offers service, repair, maintenance, and renovation to high-end clients and sources business through referrals and past clients. It operated with full-time and part-time staff and utilizes software like QuickBooks and Verizon Connect. The owner was looking to retire, highlighting the prevalence of smaller, owner-operated businesses in the industry, consistent with the industry report's findings. The business stopped new construction in 2014, but continued renovation work for long-term customers. The owner had a Certified Pool Operator on staff and a home improvement license. This example reinforces the services mentioned in the industry report and the focus on the business's cleaning and maintenance/repair aspects. Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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Primer: Auto Repair Business
Send us Fan MailThe podcast comprehensively overviews the US automotive repair and maintenance services industry. It details the industry's scope, key players, and significant financial aspects, including revenue forecasts and influencing economic indicators. We also explore the competitive landscape, highlighting challenges such as competition from large chains and public mistrust, alongside opportunities like servicing non-traditional vehicles. Furthermore, the speakers discuss operational aspects, technological advancements, sales and marketing strategies, and regulatory factors impacting the sector. Executive level insights provide current perspectives on trends like technician shortages and the growing electric vehicle market. Finally, financial benchmarks and industry resources offer a deeper understanding of the industry's structure and key metrics. Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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Quality of Earnings (QoE) - What is it? Why is it worth it? Who should be ordering one?
Send us Fan MailA business valuation is a key starting point in mergers and acquisitions (M&A). While it doesn't dictate the final price, it establishes a foundation before market dynamics and other factors enter the picture. However, sophisticated buyers increasingly look beyond a static valuation for financial clarity.Sellers, particularly those with larger businesses that may lack audited financials, can use a Quality of Earnings (QoE) report prepared for them as a significant marketing tool before engaging with a buyer. Here are some key points in favor of a seller ordering a QoE:Counters buyer skepticism: Unlike a seller’s valuation, which can be perceived as subjective, a QoE report provides an independent and detailed look at the financials. This can help counter buyer skepticism, especially since sophisticated buyers often don't take seller-provided valuations at face value and conduct their internal analysis.Prevents last-minute price reductions: A QoE report can identify potential red flags such as inconsistent revenue streams, one-time expenses, or potential cash flow issues before they become negotiation sticking points. Addressing these issues upfront helps avoid price reductions or deal retrades later.Closing the expectation gap: Deals often stall when buyers and sellers perceive the business's value differently. A QoE report can act as a bridge by reinforcing the financial numbers with objective analysis, keeping negotiations on track.Builds buyer confidence: Buyers, especially institutional investors and private equity firms, rely on a QoE report's granular level of detail. This can demonstrate whether the earnings are reliable and justify the multiple they are willing to pay.Saves transaction expenses and reduces deal fatigue: By proactively addressing potential financial concerns and fostering buyer confidence, a seller-prepared QoE report can contribute to smoother negotiations and reduce the likelihood of failed transactions. This can ultimately save on transaction expenses and prevent deal fatigue.In conclusion, while a business valuation is a crucial starting point in the M&A process, a seller-initiated QoE report can act as a powerful marketing tool, providing data-backed insights that build buyer confidence, reduce the risk of deal re-trades, and ultimately help get deals across the finish line. The increasing prevalence of QoE reports even in smaller deals underscores their growing importance in providing financial clarity and facilitating successful transactions Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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BVR DealStats Value Index Report Q1 2025 & Art of Business Valuation
Send us Fan MailThe DealStats Value Index Digest offers a quarterly analysis of valuation multiples and profit margins from acquired private companies. EBITDA multiples experienced fluctuations, peaking in Q2 2024 before declining through the remainder of the year. Simultaneously, net sales multiples generally increased since Q2 2020, reaching a notable high in Q4 2024. EBITDA margins showed a positive trend, peaking in multiple quarters and remaining consistently above 11%. Sector analysis reveals the information and utilities sectors having the highest all-time EBITDA multiples. The digest also distinguishes trends in EBITDA and net sales multiples based on the types of buyers and sellers involved in transactions.Access to the full report for subscribers: https://www.bvresources.com/dealstats-value-index Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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McKinsey's Take on State of Mergers and Acquisition
Send us Fan MailMcKinsey's February 2025 report analyzes M&A activity within advanced industries, encompassing automotive, aerospace, industrials, and semiconductors. Despite a slight dip in overall deal value from the previous year, the report anticipates increased M&A activity in 2025, driven by factors such as reduced interest rates and emerging technologies. Private equity firms hold substantial capital reserves, suggesting continued investment in these industries. Automotive M&A will focus on electric and autonomous technologies, aerospace will see consolidation and new space technologies drive deals, industrials will focus on software and sustainability, while semiconductors are driven by AI. The report also highlights trends like cross-border deals and the impact of geopolitical shifts on M&A strategies. Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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IBBA Market Pulse Survey Insights - Q4 2024
Send us Fan MailIBBA's Market Pulse report for Q4 2024 offers insights into the business transaction landscape. The report suggests a promising 2025 outlook, fueled by anticipated interest rate reductions and the resolution of election uncertainties. A significant portion of those surveyed believe a reduction in interest rates will positively impact the market. The study examines market segments ranging from Main Street to the lower middle market, focusing on deals from under $500K to $50 million. The data shows a strong preference for cash at close versus seller financing across all deal sizes. Finally, the report includes average multiple data for deals between 2021 and 2024. Support the showWebsite: https://murphybusiness.com/edison/Current Listings: https://murphybusiness.com/edison/businesses-for-sale/
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ABOUT THIS SHOW
This podcast takes several deep dives into topics that impact small businesses, with a special focus on transactions. We will demystify misconceptions and share our knowledge and experience based on the latest research and Deal data.
HOSTED BY
Vipin Singh
CATEGORIES
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