Acquisitions Anonymous - #1 for business buying, selling and operating - Best of Acquisitions Anonymous - $3.5 Million Horse School?!

Episode Date: January 2, 2026

In this episode, the hosts break down a high-margin farrier training school in Idaho with strong social media presence, lucrative real estate, and serious lifestyle business appeal.Welcome to Acquisit...ions Anonymous – the #1 podcast for small business M&A. Every week, we break down businesses for sale and talk about buying, operating, and growing them.💰 Sponsored by:Go High Level – The all-in-one sales and marketing platform built for agencies and entrepreneurs. Automate, manage, and grow your business at https://www.gohighlevel.comTonnesen Accounting Services - Tonnesen provides full quality of earnings reports trusted by buyers, lenders, and brokers on over $500 million in deals each year. Fast, detailed, and affordable. Visit tonnesenaccountingservices.com or connect with Josh Tonnesen on LinkedIn for a free consult.This episode covers one of the most compelling lifestyle businesses ever discussed on the show: an equestrian industry school (farrier training) based in Idaho. Priced at $3.5M, including $2.2M worth of real estate, the business generates $477K in annual cash flow on $1.1M in revenue. The school offers technical hoof-care certifications ranging from 3 to 36 weeks and operates year-round.Key Highlights:- Asking Price: $3.5M including $2.2M real estate- EBITDA: ~$477K on $1.1M revenue (~45% margin)- 740K+ social followers drive student demand- Runs remotely, relies on local horses—no herd ownership- Ideal for horse lovers; founder’s brand is crucial to continuitySubscribe to weekly our Newsletter and get curated deals in your inboxAdvertise with us by clicking here Do 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 contact@acquanon.com

Transcript
Discussion (0)
Starting point is 00:00:00 Welcome back to Acquisitions Anonymous. To close out the year, we're highlighting some of the best episodes we've ever recorded. These are the ones that sparked the most conversation and brought in waves of new listeners. So for December and some of early January, we're rolling out our best of series, a collection of the breakdowns, hot takes, and unforgettable deals that shape the channel. Whether rewatching or catching it for the first time, this episode is a fan favorite. Let's jump right in. Welcome back, everybody, to another episode of Acquisitions Anonymous.
Starting point is 00:00:27 I'm Mill Snell, one of your co-host. me, Bill, Michael, and Heather have probably the most exciting deal episode we've ever done today. We were excited before the episode, before we hit record, before we even looked at it, because it was an equestrian-related business, and Heather, this is right up her alley. So we knew she was going to bring some amazing insight to it. As we talked about the deal, though, we started to like it even more and more and more, and we are actually going to go down the path and pursue it a little bit because it's such a compelling deal. It's equestrian related. It's in Idaho. It's a school of some sort. And we get into all the details in the episode. It's a reasonably priced company relative to the cash flow. It's got some interesting kind of founder, kind of influencer type dynamics. And they want to transition the business for some personal reasons. We get into all the details. We love this deal so much. I can't wait for you to listen. You'll hear the excitement. And we're definitely going to pursue it. So stick around after a quick word from our sponsors. And hope you.
Starting point is 00:01:27 you enjoy the episode. There is, you know, every day of the week has its name. Today we're changing the name of today to Heather Day based on the deal that we have. Yes. In a very rare situation, we have known we were doing this deal for three days because Heather sent it to us. When it hit the chat, I mean, I could just feel the excitement building. Yeah, we have to do this one. And it is, I hope somebody buys it.
Starting point is 00:02:21 I'm so excited about this one. Heather, that's you. You are the boss. That's what we're talking about. You have three partners who are willing to go in and help support you. I like the picture here. There are four of us and there is one horse for each of us in the photo. That's right.
Starting point is 00:02:38 Which one am I? I'm the short one. Can I be the angry grumpy horse on the far right? Yeah, that's here for sure. Yeah, for sure. Okay, it's the beautiful mayor in the middle in charge. That's what we're talking about. And then one of these is like, you know, I think,
Starting point is 00:02:57 You know, Gerds, you're probably like the large horse in the middle that does all the work. That pulls all the weight. That's true. That's true. The people on YouTube, this makes a lot of sense. The people who are audio only are like, what is the deal? What is the deal? Well, they will have had the benefit of the intro that we're going to record after this, so they do know this is an inquiry.
Starting point is 00:03:18 They told us what they told us they wanted more banter. Well, here you go. Sometimes you get what you asked for. All right, let me read you this deal. All right, here it is. All right, so this is on Biz Buy Sale, our future favorite advertiser. It is an equestrian industry school located in Idaho. The picture, Heather, since you're a horse person, has four, I would say, very attractive horses.
Starting point is 00:03:41 Yes. Are these like a, I mean, do different horses have different breeds, or can you tell any? Oh, there's lots of breeds. I can't tell from this picture what they are, though. I can't. I don't know. The asking price for this is a mere $3.5 million U.S. dollars. Cash flow is about $500,477,000, and it does $1.1 million in revenue.
Starting point is 00:04:04 So it looks like it's doing about a 45% STE profit margin bill. Pretty good. It includes $2.2 million, in their opinion, of real estate. Does it include or does it operate on? Oh, I'm sorry. It just says real estate is $2.2 million. I actually haven't read this deal. I just looked at the picture.
Starting point is 00:04:23 So it's a very goodly move. Okay. Founded on a passion for all things cowboy and preserving a way of life, this equestrian school in Idaho has become the pinnacle of its genre in the world. Demand is extremely high, and tuition deposits are backlogged several years. The school was established in 2018 and offers several courses ranging for three weeks to 36 weeks and operates year-round for great cash flow. Local horse owners line up daily with horses for these students to perfect their trade
Starting point is 00:04:49 and create a secondary source of income. It looks like a scene from Yellowstone, but this thriving business is highly profitable while sustaining a lifestyle opportunity as well. The owner runs the business remotely from Southern California. I mean, I'm sorry, from Mexico, Heather. Soon to be Southern California.
Starting point is 00:05:06 Which is similar, yes. For seven to eight months of the year. So, let me just pause there. So, Heather, can you explain what this business does because this thing about the second income thing doesn't make sense to me? Yes. What that means,
Starting point is 00:05:19 It's kind of like they're borrowing horses from the neighborhood. They're not keeping their own horses. So do you have enough horses for all their students? They're paying their neighbors to use their horses. So the neighbors are bringing in extra horses so that they can have enough for, I guess it depends on how many students at a time. But it almost sounds like with these margins, maybe they don't own any of their own horses. They're just always kind of renting the neighborhood horses.
Starting point is 00:05:44 So Heather, I had a hypothesis here, though. So the way this is written, it says, local horse owners line up daily with horses for these students to perfect their trade and create a secondary source of income. I read that as the students are performing a service on the neighborhood horses. Like maybe they were reshoeing them or grooming them or training them or something. Like I was reading it as like a barber school, like you can get a discounted hair cut from the people who are learning to cut hair. I read it as sort of like that. Is that a business model you've seen? Well, you definitely wouldn't pay students to train your horse.
Starting point is 00:06:22 I mean, this is kind of the way horses work. If you're going to pay for training, it's going to be a professional trainer because it has to be done a very certain way and very consistently. So, but it is possible that, like, they're grooming and doing, you know, something with their hooves or, you know, could be stuff like that for sure that they could be performing a service. And, you know, the neighborhood horse owners are paying for it. and or getting that for free and just sort of lending their horses in because their horses get exercised or whatever. So not really clear, but what it's telling me is they don't own their own herd of horses for this, which is really good for the margins. That's the expensive part, is the ownership and the veterinary bills and all, you know, so if they're able to use other people's horses to run their business from, I think that's a big plus. And also that probably makes it more reasonable to run it remotely, right?
Starting point is 00:07:19 Because if you own the horses, they live there all the time. Yeah, you could never do that remotely. Yeah. Let me tell you a bit more about this deal. It has $49,000 worth of inventory. I guess those are a couple horses. I have no idea. How much does a horse cost, by the way?
Starting point is 00:07:34 Heather, like if I want to just go down. That's a loaded question. I want to go down at the horse store. How much does art cost, right? The horse store. Yeah, that's like how much does art cost. I mean, you know, there's giveaway horses. and there's, you know, $50,000 sport horses, you know, that do whatever sport, whether it's
Starting point is 00:07:49 Western or English, you know, depending on how well they're trained. So it's all about what you're going to use them for and how well trained they are. And of course, how they look, you know, are they pretty? Are they tall? What color? All those things. And also how well trained are they, right? The training is the big one.
Starting point is 00:08:08 Yeah. Yeah. You're going to pay the most for training. And if you're planning on showing or doing something competitive, then it's all about the horse's competitive show record. You know, how much has it done? How well has it been doing? So the price is very greatly. And it just, it's all over the board.
Starting point is 00:08:28 All right. So inventory is included, whatever that inventory may be, maybe feed or maybe a couple horses or some combination thereof. The real estate is owned and included in the asking price. Okay. It's getting better. The furniture, fixtures, and equipment are about a quarter million dollars, also included in the asking price. And the facilities are located on 25 acres. That's included in the deal.
Starting point is 00:08:50 This beautiful property boasts a nearly 7,000 square foot three-level custom home. It currently serves as boarding and classroom area for the 20-plus students per class cycle. There are also two smaller homes on the property occupied by instructors. A large heated 5,000-square-foot custom barn serves as the main student training area, complete with a gracious tack room and stables. There is a large riding area and three-acre pasture for grazing horses as well. A pivot line and pump easily irrigate the nearly 20 acres of additional pee. It just says pee. Pasture. Property. Pasture. Okay. Yeah. First of all, the intangibles are priceless. The business itself boasts great margins and has the ability to double its student body if desired by building
Starting point is 00:09:32 additional boarding on large property. The custom home could easily be returned to a single-family dwelling and there is a constant influx of students and the nearly 740,000 followers on Facebook alone make it easy to market to others. The Facebook page is included in the sale. Additional instructors are easily attainable from graduating suit of body seeking further accreditation. The ideal buyer could be a businessman. It says businessman, but I'm going to change it. The ideal buyer could be a business woman from Southern California who wants to establish, who wants an established business with lots of room for expansion and time to spend with horses. and get paid for it.
Starting point is 00:10:08 It could also be someone who wants to experience a magnificent horse property with a large custom home and a highly productive business opportunity at the same time. It would be truly a great place to raise a family away from the complexities of big city life in Southern California.
Starting point is 00:10:21 The owner will provide assistance to the new owner as to the intricacies of running the business after the sale. He can also do frequent appearances via Zoom and on location in the future. The owner lives most of the year out of the country and wants to focus his efforts and it stops. Wow.
Starting point is 00:10:37 That's pretty cool. I love this. And I Googled and found it. You did? I was trying to do that while he was reading it. We're not doing that anymore. I know. But I love it.
Starting point is 00:10:47 We're not dogs and deals. I love it even more after finding it. Really? Because we were, I think, Bill, you were closer to hitting the nail on the head with what they do. This is the title, equestrian industry school is like the real kick. here because this is not just like a boarding place where, you know, the neighbors bring their horses and they teach, like, kids how to ride. It's a very, very specific equestrian skill. And y'all, the tuition on this ranges from $4,900 to $20,000. Wow.
Starting point is 00:11:28 It's a three-week program, right? It is on the high end. Yes. So, Bill, it's very similar to what you're talking about with the barber school where, hey, I need this service provided for my horse and they bring it to the school. And then you have people who are becoming certified in something. And, you know, you get a deal on the service. Wow. Now I know what, I know what the service is. Yeah. Just from what you said. Yeah. So that is totally that is, Bill was right. You were right. And that is even better business. Oh, that's my favorite friends in the whole world, Heather. I love that. Say that again. Bill was right. Are you recording this for your wife? Yes. Oh, good. Yes. It hasn't heard that recently.
Starting point is 00:12:07 Okay. Now, Heather, the big question to me is like, is Idaho like the mecca of equestrian? No, not really. But I mean, I think what Idaho is is a place where you've got a lot of land and good conditions. You know, it's not, it's probably not too cold in the winter, although they do have a heated barn. So that tells you it does get cold because they've got to have heat. It's probably just a good place to have. you know, the property is not too expensive there. But, man, I love it even more after what you said. And after what Michael read, the fact that the residents, where they board people, the students, is included as well as, it's not just dirt and, you know, writing a barn and writing arenas, but it's a house and a pool.
Starting point is 00:12:51 I mean, that's a lot. Oh, I'm sorry, not a pool. You know, an area is highly agrarian whenever you look at the satellite imagery and all you see is circles from the irrigation system. Just like for miles and miles and miles. This area is, yeah, very agrarian-based. So if you buy their supposition that the real estate is worth $2.2 million, which whenever a seller throws in their real estate and claims a value about,
Starting point is 00:13:22 you always got to just be like, okay, are they inflating this? But if you buy that and you say, stand alone, if they were to sell this place as a ranch to somebody that could get, get $2.2 million for it, regardless of what business was going on. If you buy that, inherent value in that, the asking price for this is the difference between 3.5 and 2.2 million, 1.3 million. So that means they are basically charging, asking for two and a half times seller cash flow for a business that is currently being run remotely. Yeah, pretty nice. I like it. I just check the flights. You can get from Charlotte to this area.
Starting point is 00:13:58 and it's actually not bad. Like under 300 bucks, Bill, round trip. Wow. Maybe I should bail on buying the new house that I'm about to buy and fed by this. Yes. And move by. That's correct. Let's do both. Let's do both.
Starting point is 00:14:12 So, Heather, can I guess, is it a farrier school? Yeah, that's what it's got to be. It's got to be a fairier school. So they are, instead of cutting hair for people, they are cutting or trimming hooves for horse owners and maybe doing and learning shoeing probably. Which needs to happen. And how frequently does a horse need to be re-chewater? About every six weeks, if they're wearing shoes, because they won't wear their hooves down.
Starting point is 00:14:34 If they're not wearing shoes, they might wear their hooves down, depending on what kind of surface they're working on. And it could be less frequently. But they've got to be trimmed and shaped, and there's an angle. I mean, like, the school is pretty technical on this. I mean, it is intense. And you'll see lots of horse owners suddenly requiring corrective shoeing. right so like the horse is having a problem a tendon problem just like an athlete would now it needs a special angle a special pad under the shoe all kinds of expensive stuff that horse owners will spend on so their horse can be sound basically so it's really technical and that's the one part i worry about with this because he says uh you know his transition the transition the owner's willing to give um he made a few comments about that but it makes me think that this that this seller is really a master fair you know, that he's maybe well known and he probably, you know, Mexico has a very big equestrian
Starting point is 00:15:31 tradition as well. So he probably does the same thing or, you know, has a business down there, different parts, different times of the year. So that would be my only drawback is if you're not, if you don't have that technical skill and you don't have a name in that industry, would that be hard for you to step into this business? Well, so that was the thing that made me a little nervous. So it started in 2018, which is, I guess is getting to be a while ago at this point. But it said, it has, it's confusing because in one place here it says 740,000
Starting point is 00:16:02 followers on Facebook alone. And then another place that says 228,000 followers on Facebook. So I don't know which it is. But is it, and then there's this, it mentions the owner who lives in Mexico. And is this an influencer? Like a fairier
Starting point is 00:16:18 influencer? Probably. So the 200 bill is on their YouTube. Okay. So they miss one. And then the 70040 is on. And I mean, on the website, it says that the owner and his wife are, I don't say it, they're visionary creators and owners of the largest horse hoof care YouTube and Facebook channels on the internet. There you go. They do. You know, it's like, you know, it's business.
Starting point is 00:16:47 I've watched a lot of these channels. This is shockingly good content. Yeah. Like, have you guys, Mills or Bill, have you watched any of this? Heather already has, so I'm not asking. Well, I haven't. I couldn't believe my friend who is not a horse person was telling me about how she's obsessed with watching.
Starting point is 00:17:03 I'm like, what? Are you crazy? And then I realized it's everybody. There's a bunch of them. My favorite is actually this guy that's Welsh. His name is the Hoof GP. So he's got like this kind of Welsh brogue to him. And he like drives around the Welsh countryside.
Starting point is 00:17:16 And every episode, it makes for great content because it's like an eight-minute kind of rise and fall. Okay, like, I'm showing up. What's going to be my call to action? Oh, this particular horse is lame or this, and he does cows, right? Because it's Welsh foreign land in the UK. But he, you know, and then it's like, okay, well, then I get this horse and here are this cow and like she stepped on a nail. Like, now she can't walk. What do we do? Oh, my gosh, now I get in and I, you know, like, she's got a blood pus pustustule inside the hoof, like, and it starts spraying everywhere. And then the horse does better and, like, resolution happens. It is perfect hero's journey, social media content, and it's very visual.
Starting point is 00:17:57 So, anyway, I could teach somebody how to be a great social media creator for this. It is not that difficult. Well, it seems like they've already figured it out. Yeah, yeah. So this has a lot of potential, just from what you just said. It's popular for people to just watch the videos. I think you need to buy it, though, with some kind of licensing agreement to the seller. You know, you've got to have them continue to influence the business.
Starting point is 00:18:21 They've got to probably come do some clinics, certain number per year, so that you can still advertise that that person is still coming to the school. I don't think you can buy it outright and that seller can just walk away. I think you really have to have them involved. Yeah, I worry a little bit that people are coming here to learn from a famous master craftsman and that that is why this school has cash-a. Okay, I think, though, I'm worried about the same thing, except that they have, you know, six to 36 or three to 36 week courses, and he lives in Mexico. So I wonder is, are there, the website doesn't really list a ton of staff. There is a staff page, and the husband and wife are two of the three people.
Starting point is 00:19:08 But I'm wondering are there kind of third party, you know, kind of educators or something like that who are here if they're talking about the business being run remotely? This is a hands-on thing. I don't think it's, I don't think like the primary delivery mechanism is him in Mexico on Zoom and people in Idaho, you know, and he's like, you're doing it wrong. Hey, Michael here. This episode is brought to you by Toninson Accounting Services, the leading provider of quality of earnings reports for small and mid-sized business deals. Every year, their team reviews over $500 million in transactions, and the reports are trusted by buyers, bankers, sellers, and brokers nationwide. What sets Toninson accounting services apart is premium quality work at an unmatched price, a full quality of earnings report for just $6,000. You'll get more depth and insight than firms who charge twice as much,
Starting point is 00:19:53 which is why so many dealmakers turn to Toninson accounting services when accuracy and speed matter the most. There's a link to Toninsonaccom in the show notes or reach out to Josh Toninson on LinkedIn for a free consultation, where he'll walk you through the process, step by step, and answer any questions that you have. Tell them that Acquisitions Anonymous sent you. He's doing the hard part with any school, the any school, which is how do you fill your top of funnel economically? And like that, how is he going to solve that?
Starting point is 00:20:22 Because unfortunately, education is a tough business because it is not recurring revenue. Right. It's one time you teach somebody and they move on, maybe sell them something in the future. But that's the challenge with every single one of these career schools. It's like taking off your lunch, you're starting an airplane, you're having a concert. It's the same kind of economics. You either need to sell all your seats or are you going to run out a loss? And he has solved that problem.
Starting point is 00:20:48 Social media is the way they've done it. And you've got to figure out if you're going to own this, how are you going to replace that? So I did find it also. And I put the link in our chat. We're not going to docks it publicly. What's also interesting is I've discovered that they have a Mexico campus. There's a link on the website to check out our Mexico campus. and it looks like they run the same deal in Mexico.
Starting point is 00:21:12 They have slightly different curriculum and the cost is different. But I'm guessing what's happening here. And I actually, I'm going to pitch this is a good thing, that this guy wants to stop going back and forth to Idaho. He lives in Mexico and just wants to chill on the Mexico farm and not worry about Idaho anymore. I think this is actually potentially workable because if he stays in Mexico and keeps making all of the content,
Starting point is 00:21:37 and he continues doing all of this. in Mexico, all you got to do is say you're going to post it on our pages too, and we will run the Idaho franchise, basically, but it's still, we have to use your name, it's affiliated with you, you've got to keep doing it in Mexico, et cetera, and we're going to continue to benefit from your halo and draft on that reputation. It's much worse if he just closes down, stops making content, and rides off in the sunset. But maybe that makes it work. Yeah, I think that does make it work. And I think maybe that's also why a low multiple makes sense here because you are dependent on him continuing to do that. If something happens to him, you know, you've got some risk. But if he was
Starting point is 00:22:18 agreeable to that, this is, this is probably a very good deal for somebody. In Southern California, who loves horses? Somebody. And I'm pointing to somebody. And that's my, I guess that's my next question. Should somebody who isn't a horse lover get into this business? No, I don't think so, because I think you really have to be able to talk the language and understand the kind of people you're marketing to. It is a kind of a, it's a very unique hobby. And a career, this is a fairier school. Like to be a fairier, that's a very unique career path. I think you need to kind of understand all that and be a part of it. I mean, someone could probably be okay, successful without knowing any of that. But I think you'd be a lot more successful if you come from that background.
Starting point is 00:23:03 So, Heather, are you just saying that because you want to do the deal? You don't anybody else? That's correct. I'm biased. Without us. Yeah. You don't want to the audience to make it off front of this. I guess a non-horse person could do it. So would you consider doing this?
Starting point is 00:23:18 Yeah, I would consider doing this. Honestly, especially if you could not be there full time, because it sounds like it's pretty rural, you know, it would be a big change for a lot of people to live somewhere like that. And it doesn't even sound like it's a great, you know, like the house is not set up for you to live in. It's set up for the students to be there. So if you could drop in, you know, part of the year and run it and have a place to live nearby, well, yeah, yeah, I would.
Starting point is 00:23:44 Okay. I think this is has a very, very compelling argument to be the first deal that we do as host. This is much better that crappy deal you were telling me about before we started recording, Mills. Yeah, exactly. This is in the vein of worm farm. Is it not? Kind of, yeah. I think this is even better than worm form.
Starting point is 00:24:02 It's better now. This isn't, I mean, worms aren't going anywhere. either. This is not going anywhere, right? No. Like, yes, has the, has the TAM for, you know, for this service decreased? Absolutely over the last 200 years. Is it going to, is it going to decrease over the next 200? Probably not. Like, there are certain services. There are certain things about this. They're just not going to change. I think the play is that we partner with the founder. He rolls some equity because he loves this. He's pursuing advanced degrees in Scotland for this. Like this person, they don't want to be out of the business. They just want to be out of the
Starting point is 00:24:39 business part of it. And you enable them to really focus on content, to take the headache off of their plate. I think a big part of the deal is they keep the real estate and you sign a market lease, which can't be that expensive. This is one of those cases where the rent relative to the real estate value is, you know, very disparate. And we could rent the property back from him. He continues to own it. Maybe we have an option to buy it so that, you know, we don't lose the ability to operate the school there if we need it. And it probably doesn't, I don't think you ever double or triple this business, but that's fine. It's just a perpetual need. And I think that this is an awesome business. I really want to do it. Yeah, five years in and you'd have a great return on
Starting point is 00:25:23 investment. Yeah. This is a way to buy a horse farm in Idaho for free and expensive. I mean, You can go there. You could be in SoCal, seven or eight months a year. You go to Idaho in the summers, overseen a fair school, hang around with the horses. You can pop up there for the weekend. You probably would need to expense a private plane, I would think, because it's kind of a wall area. Yes. Yeah.
Starting point is 00:25:47 And it's perfect. This is the lifestyle business. This is perfect. VISA is barely taking any of your time, Heather. Right. It's on an automatic pilot now. It's already passive. Yeah.
Starting point is 00:25:58 Yeah, passive, totally. Wow. Yeah, this would be pretty cool. Pretty cool. There's a part of me kind of excited, but also going, what are you talking about, Heather? Stop. Total lifestyle change. Yeah.
Starting point is 00:26:12 Cam ball into it. Pretty cool. Just become a collated person. You can run Vizzo from anywhere from this three-story house that smells like horse. It sounds like heaven. It's right. That is heaven. Wow.
Starting point is 00:26:27 I don't know. Wow. This is Heather's pizza boat. This is my pizza boat. I love it. I haven't looked up the broker on this, but he's not touching his face. He's not wearing an odd hat or anything that is incriminating. He's got a shirt with buttons on.
Starting point is 00:26:44 Although I would excuse a cowboy hat in this case. Totally, totally. On the broker. Yeah. Absolutely. But he looks, he looks local. You know, he covers all of Idaho. And who's going to reach out to him?
Starting point is 00:26:58 I know the Brook Ridge. I definitely know the brokerage. I've done deals. You know, my clients have bought businesses from them. I don't know if that was, if it was him. But I'll reach out to him. Yes, do it, Heather. And then we'll all come visit you in Idaho.
Starting point is 00:27:12 You'll come visit? Okay. I'm not saying I'll necessarily become. I'm dead serious. I'm dead serious. I really want to do this. I'm not joking. This isn't just about the content.
Starting point is 00:27:22 I really want to do this deal and would absolutely write a check for it. I would too. I mean, yeah. I will bring a shovel and I will pick up horse manure. A rake, a rake, please. Wait, you don't use shovels with horse meneers? You use like a pitchfork rake. See, this is why you're perfect for this deal.
Starting point is 00:27:42 I didn't even know that's how they pick up with a shovel and they'd be like, who's this noob? I will write a check, but I won't do any of that stuff. I will write a check and come out there and enjoy the scenery and watch Michael's shovel shit. That sounds amazing. That's going to be our content channel. Michael shoveling, that would be great.
Starting point is 00:28:04 Software entrepreneur, shovels, horse manure. Oh, boy. Oh, boy. All right. You guys want to rate this deal? I'll go first. I'm a double thumbs up for Heather to do this deal. Everybody else, I'm a thumbs down.
Starting point is 00:28:18 Don't do this deal. It's horrible. Me too. I like this. This is great. I mean, you've got to be into horses. If you're not into horses, they will see through, you in 10 seconds, you'll destroy the credibility of this school. Do not do that. But you've got to be a
Starting point is 00:28:32 horse person, as Heather is. Do it. If there is some way for the founder to stay on, I think this is probably one of the best deals that we've seen. I agree. That's the key is the deal that we could cut with this founder. If that's solid, then this is a great deal for a horse person like me or another horse person. I mean, he basically, this owner needs, he needs to, franchise out the corporate store in Idaho is what he's trying to do. He's got a location in Mexico and a location in Idaho, and he's got to spin out the franchise in Idaho. So good.
Starting point is 00:29:08 All right, everybody. Thanks for, oh, Heather, your three thumbs up. How many thumbs up? Three, however many I can, yeah. If it's a number of thumbs. Four hooves up. Yeah. So, hey, I found out a fun fact.
Starting point is 00:29:20 I was talking to the team yesterday. We get like 60 newsletter subscribers a week, just organically. Yeah. We plug it at the end of every episode. That's pretty awesome. You know, for those of you've tried to grow newsletters that aren't, you know, the gambling information or stock tips, like, it's actually really hard to grow a newsletter. It's shocking we're getting that many people.
Starting point is 00:29:44 So we'll keep plugging it. But if you guys are listening to this, we send a newsletter, it has the deals we're doing, it has insights on them. Subscribe on our website at q-anan.com, acqueu-u-a-n-n-n-0-com.com. and we would love to email you every week. And tell your friends about this episode if you thought it was awesome. And yeah, I think that's it.
Starting point is 00:30:05 Anything else we want to cover? That's it. I'm running for the phone. And don't call the broker on this deal. Yeah, just wait for me. So actually, I think we could tag team on this tactically, Heather. After you start to talk to them, I'll come in and I will start to talk to them, and I will be the worst buyer in history, and that'll make you look really good.
Starting point is 00:30:24 They'll be like, oh, Heather looks pretty good now. We will do all the mistakes that Bill has talked about on these episodes. I'll just do them all. I'll just do all the dumb mistakes. That's a good tactic. I like it. I got you. Yeah.
Starting point is 00:30:35 Nice. All right. We'll see everybody next week.

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.