The Deal Sheet
2026-07-09
The Small Business Acquisition Newsletter
The Small Business Acquisition Newsletter
Weekly Deal Roundup
3 Deals We're Watching
Week of Week of July 9, 2026
01 — Deal of the Week
The Standout Listing
Established Food Truck | $103K Cash Flow | Seller Financing ↗
Salt Lake City, UT
$1,711,875
Revenue
$103,000
Cash Flow
$45,000
Asking Price
This is hands-down the most compelling valuation story we've seen in months: a 0.44x multiple on $103K in cash flow for a business doing $1.7M in revenue. The operator works just 5-6 hours per day Monday through Friday serving established commercial locations on recurring routes—no nights, weekends, or customer acquisition headaches. With over 20 years of consistent operations since 2003, this is a proven cash-printing machine at an asking price that's essentially a rounding error. The seller financing sweetens an already exceptional deal, making this accessible to nearly any buyer with hustle and basic food service knowledge.
Verdict: Rare sub-0.5x cash flow multiple on a turnkey daytime operation with seller financing
Verdict: Rare sub-0.5x cash flow multiple on a turnkey daytime operation with seller financing
◉ DEAL OF THE WEEK
02 — Also Worth Watching
Runner-Up Deals
Legacy HVAC & Plumbing Contractor | $1.7M+ SDE & Real Estate ↗
Midwest (specific city not disclosed)
$8,265,921
Revenue
$1,726,433
Cash Flow
$9,625,000
Asking Price
Our take: A 60-year-old multi-trade contractor pulling $8.3M in revenue with 21% net margins and real estate included at a 5.6x multiple. The diversification across HVAC, plumbing, electrical, and geothermal creates recession-resistant recurring revenue from a loyal Midwest customer base spanning three generations.
Verdict: Blue-chip acquisition target with bulletproof fundamentals and real estate upside
Verdict: Blue-chip acquisition target with bulletproof fundamentals and real estate upside
Turnkey food hall & bar with liquor license & a national franchise ↗
Hyattsville, MD
$2,000,000
Revenue
$576,000
Cash Flow
$1,500,000
Asking Price
Our take: Three commercial kitchens, a full bar with liquor license, and $576K cash flow at just 2.6x—this food hall concept captures multiple revenue streams under one roof with 99 seats and franchise brand recognition. The hard-to-replicate liquor license and built-out infrastructure make this a plug-and-play opportunity in the DC metro area.
Verdict: Multi-concept venue with strong cash flow and hard-to-replicate licensing assets
Verdict: Multi-concept venue with strong cash flow and hard-to-replicate licensing assets
03 — Market Pulse
What We're Tracking
- • Home services businesses are dominating deal flow with predictable recurring revenue models—HVAC, plumbing, and pest control deals are commanding premium multiples as buyers seek defensive, cash-flowing assets
- • Sub-1x cash flow multiples are becoming increasingly rare, making owner-financed deals like the Salt Lake City food truck absolute unicorns in today's competitive acquisition market
- • Established businesses with 20+ year operating histories and real estate components are attracting serious buyer attention as inflation hedges and wealth preservation vehicles
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