Acquisitions Anonymous - #1 for business buying, selling and operating - Bill Buys a Pizza Boat in Paradise - Acquisitions Anonymous 185

Episode Date: April 18, 2023

Michael Girdley (@Girdley) and Bill D’Alessandro (@BillDA) look for plane tickets for Bill because he's buying a pizza boat. -----Thanks to our sponsor!CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.Subscribe 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 [e-mail]

Acquisitions Anonymous, number one podcast in the universe about business buying, selling, and operating. I am one of your co-host, Michael. Today we had an emergency pot. A deal came in that was so good. We couldn't get away from it. And so Bill and I popped in. And it is a pizza boat that is on the water in the United States Virgin Islands. And it is priced at less than one-time's earnings. So Bill and I had a ton of fun with this one. Bill is actually after the recording on the way to the Virgin Islands to buy this business himself. But other than that, I think this is a great one for you listen to. Had a ton of fun. And here is the episode.

Hey, Michael here. Want to talk to you about today's sponsor for the episode, which is cloudbookkeeping.com. So cloud bookkeeping is actually run by my neighbor, Charlie. So I've met him in person and can attest that he's a real human being and a good person. And what cloud bookkeeping does is offer a full suite of, of bookkeeping services all in the cloud for you around QuickBooks and other technologies that you're using as a small business owner.

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get your QuickBooks online set up in the right way, and a number of things around payroll as well. So definitely know them and recommend them. If you want to find out more about Cloud Bookkeeping, you can go to their website at cloudbookkeeping.com, reach out to Charlie. I know many of you have and see if he can help you, make running your business easier and more fun by letting them help with a lot of the bookkeeping solutions. And when you call, mention this podcast, it would help us and help Charlie know that we're supporting him as well. So thanks a bunch and cloudbookkeeping.com as the sponsor for today's episode. Mills is in the hardest business of all of us.

Hello, listeners. Bill and I are just talking about how Mills is not here again today because just another misfortune has happened at his company. And he runs a roofing company. And man, like everybody on Twitter, Bill talks about like, oh, like, you just buy an HVAC business at like four times earnings and then you're rich. Like that's like every thread on Twitter. And I'm like, have you guys ever been involved in a business like that? Like stuff happens all the time.

And you've ever even known anyone that's involved in a business like that? Yeah. It is crazy. I mean, literally the, like there's every day there's something going on. Like my buddy who's here in San Antonio, like his team is like 15 people for the the division he runs and they're, you know, basically, I don't want to give it away. But like, like, he's got 15, like, people who are administrative folks working for him doing filing and processing stuff. Like, literally, like, six months ago, like, one of the

ladies, like, a strange husband decided to, like, show up and commit violence against the lady, like, at the building and, like, you know, like killed her. Like, it murdered her, like, at the workplace. And it was just like, like, like, the level of stuff. that goes on in business, like people don't appreciate it on Twitter is what I think. Like, yeah, that doesn't happen every day. But like, that's the kind of stuff that like, you know, like Mills or any, anybody that owns a small business is running into. It's part of the cost of doing business, you know?

Yeah. I mean, it's small businesses stuff. It's messy. So it's just, just horrible. All right. Let's talk about, let's talk about the thing that comes. About another small business that seems way less horrible. Can we talk about this business that caused me to,

to text you last night, emergency pod after one of our listeners said it to us. Yeah, you know it's a good deal when I start texting people at 11 o'clock at night, emergency pod in all caps, and sharing the deal. And so this is the deal. Do you want to read it or do you want me to do it? Yeah, sure. I'll read it. So Michael found this one and texted me at 11 p.m. last night, and here we are recording this.

So it is the number one trip advisor-rated restaurant in St. Thomas slash U.S. Virgin Islands. So the number one invited restaurant. But here's the trick. It's not a traditional restaurant. It is a boat. It is a floating restaurant.

So the asking price for this boat storeant is $425,000. It says FFE and FFNE is included. Furniture fixtures and equipment is included, which is good because I assume that's the boat. So you're going to pay $425,000. And this thing has revenue between

500k and a million. They give a range between 500k and a million and cash flow between 250K and 500K. It says, this is, and we did not sign an NDA. This is publicly available on US.us.com is where you can find it. This is the world famous, iconic and beloved pizza pie, the pizza boat with liquor license and a t-shirt merchandise store. It is a turnkey operation. It is currently rated number one on Trip Advisor out of 91 restaurants in St. Thomas. There are literally hundreds of five-star reviews with super positive feedback, and this is a rare opportunity to own an iconic restaurant. They have 9,200 followers on Instagram, 11,000 followers, and Facebook, and this amazing and popular pizza restaurant sits safely and securely moored on its own private mooring in protected and beautiful

Christmas Cove less than a mile from St. Thomas. This cove is part of the great St. James Island and is a government-protected cove, meaning the beauty here will always be protected. turtles and rays swim under the boat almost daily. Even the snorkeling here is second to none. Your daily view at work and your commute could not be more beautiful. When you see it, you will fall in love with it. A trained and competent staff are in place and will keep working with the new owner. The turquoise blue water is 15 feet deep throughout the cove,

making a very popular place for over 200 U.S. Virgin Island chartered sailboats and powerboat companies to stop, drop anchor, and enjoy the natural beauty with a piece of the pizza pie pizza in their hands. Christmas Cove is always full of boats. Hours are short at just 11 a.m. to 5.30 p.m. and you can choose to extend the hours, but closed at dust is recommended as the charter boats return to the marinas by dark. That gives you your evenings free. With this purchase, you are not just getting the business only, as other restaurants are selling. You get full ownership of all three boats. And the whole operation, including, of course, the pizza pie, iconic pizza boat, a 37-foot aluminum sailboat that has been fully converted into a high

producing commercial pizza restaurant with a full commercial kitchen. And we also include a 19-foot center console powerboat with 150-horsepower Yamaha engine, a 13-foot powerboat with a 25-horsepower mercury engine that's used for pizza delivery within the cove. Paranthases, yes, you will deliver pizza from a boat. And a 2008 Ford Explorer SUV for supply runs in the island. There's even opportunity for Ocean View three-bedroom rental accommodation. Please ask.

Should I keep going, Michael? This is, so, okay, this is just full of surprises. I thought I was going to get a pizza boat through this thing, but I'm getting like a pizza armada. Pizza fleet. Pizza fleet. Oh, we got to pull up the pictures. Here's like the pizza boat.

They have pictures of the pizza boat and then the two tenders. So you get a little boat and then another boat. And then the pictures of this water. Man, Bill, is this? Is the weather like this in Charlotte, North Carolina right now, or it's just even better? I don't think the weather's like this anywhere in the world. It's the Virgin Islands, man. So, okay, here's somebody, then they have a picture of a lady making a pizza, and they're wearing masks on this boat.

And there's the ingredients, the dough, a slice of paradise, the whole thing. And they have a website, too. It looks like this boat from the photos has been actually like almost gues. gutted and converted into a restaurant. This doesn't look like some jalopy type thing. This is a permanently moored boat that has been remodeled into a pizza restaurant. Yeah. So I don't know if you've been down in the Caribbean, but this is a relatively like common thing to do.

Like there's a famous bar. Have you ever heard of called the Soggy Dollar? Have you heard of that? Yes, I have heard of that. Where is it? I think it's in the British Virgin Islands, but don't call me on that. I'm not an island person I've learned. as I'm getting older, I'm a total mountain person.

Like, there's a picture I just pulled up of all these people wearing bikinis, like sitting around and getting sunbird. That seems like no fun to me. I want to go skiing. Are you not the get tan type, Michael? I mean, I live in San Antonio, and, like, I'm, you know, Caucasian, so I am spending my entire life avoiding sun. Like, the last thing I want to go do is get baked even more out in some Caribbean island

with my shirt off. It's just not what I'm going to be doing. Yeah. Well, I, on the other hand, am definitely an island person, and I'm totally, this will be the last podcast I record. I'm buying this business and moving to the Virgin Islands to run the pizza pie. Look at this pizza here. Man, I just pulled up a picture of the pizza. This is, does this have to win the award for the listing with the best photos we've ever seen?

Oh, yeah. I mean, they know what they're selling. They did a great job. So the listener, and I need to pull up his name, who sent us this last night, this came from a listener. Our best deals always seem to come from the listeners. The ski resort we did last week came from the listener. But this was covered in Bloomberg. Like Bloomberg wrote about this, and I read the article about it, and the title is,

this couple dropped everything to open a pizza boat in the Caribbean. Tara Buiz used to be a teacher. Sasha Buiz was a programmer at San Bernard Pours. Now they run the best rated restaurant in St. Thomas on a boat. And let me read you this line when they talk about Tara, who is one of the partners in the business. Tara says, pizza speaks to everybody, said Tara, who is 32 and beautiful in a way that might be intimidating, were it not for her sunny, disarming smile. Food trucks.

Like, who writes that? What a wet kiss of an article. I mean, immediately. I was like, what is? Like, Bill, actually, you know, I don't know if you know, but people behind your back say that you're beautiful in a way that might be intimidating. We're not for your sunny, disarming smile. Yes, I've paid all of those people. So, but Sasha was an MIT graduate toiling away in a cubicle at Standard Pores where he worked as a computer perimeter for five years.

I thought I was living the dream, but I quickly got tired of it. And his lunch became a means of escape. And then basically ended up giving up everything to become a full-time sailboat people living in the Virgin Islands and starting in Puerto Rico and working the way down. So there's a whole article about it. It's pretty great. This, I mean, it seems like a great life. But the question is, why are Sasha and Tara selling it? Man, I think that's a really good question.

Also, they also have a New York, they have a website for P. It's at pizza-piespie.com that talks about this stuff. Pizza pie, PI, like the irrational number. Yeah, pizza, yeah, that's, how can you tell your pizza place was invented by people, started by people from MIT? Yeah, it's because it's got a nerdy name to it. Yeah, does it say why they're trying to sell? It doesn't.

It doesn't. It says this is the life so many dream of, and yet they are walking away. I would be interested. I mean, if I had to guess, it's something personal. They need to move back to the states or wherever they're from. But, you know, of course, you would want to understand because this seems like a pretty great life. Not bad.

I mean, I don't know if you were there for that episode. We looked at a business where the people are selling their charter boat, and it was like in Tampa or Fort Myers somewhere on the west coast of Florida. And, you know, I've hung out with some of those people before that like leave Buffalo, New York and decide to move down to the islands and get away from it all. and then they discover like getting away from it all is probably too far away they ever compensated and it's pretty lonely and gross and you spend your days like you know like sanding off barnacles from a boat you know and there's always something to be dorking

around with and then you have to deal with the island people have we talked about island people before uh no you better be careful well my a certain relative of mine used to love is a beach person as well. And he would talk about he would love to go to places where the land stopped because that's where like, you know, the people who were kind of listless and needed to find their life, they would just keep going until they ran into the water. So that's where I play,

he would be like, yeah, that's why San Francisco, Seattle, Santa Monica, Key West, like Miami, like Portland, Maine. You end up like these weirdos because they're the people that are just like drifting through life to find something, and then eventually they run out of land. That's why QS is like full of weirdos. That's his thesis on the whole thing. I think we had talked about this before how, you know, in a lot of places with really

great weather, you end up with, you know, people who are there more for the weather than for their, you know, career aspirations or whatever it may be. So often if you are a, you know, young or motivated person who moves to one of these kind of resort towns, you can struggle to find peers or, you know, someone to plug into. because a lot of people are just there because of the Caribbean or there to ski, et cetera. Yeah. Well, some of our friends live in Marfa.

Have you heard of Marfa before? No. Sounds nice. So, well, it's actually, okay, sort of interesting stuff. It's actually out in West Texas and Big Bend, and it got discovered, like, starting 30, 40 years ago when there was this New York artist

who wanted to get away as far as possible from New York. So he was pretty famous. was pretty successful and he picked up and he moved to this town called Marfa, which is basically a 2,000 person town. And it is like a five-hour drive, maybe six-hour drive west of San Antonio. To put that in perspective, if you drive six hours from here, you can basically get to Louisiana. Like that's how, like from San Antonio. So it's not in the middle of nowhere, big bend, but he moved to this place because he wanted to get away from it all. And like it's a tiny little town with like a lot of West Texas towns with nothing going on, you know, not growing, none of that kind of stuff. And he

moved out there and he set up his art community. And then what happened was, is a very New York thing. New York and L.A. people decided that would be cool. So they all started doing it. And now it's like they have all kinds of like connections to L.A. and New York and these cultural centers where there's like big, big art communes there. There are times when like really famous actors are just like hanging out. Like they just go to get away from it all and live in a yurt and have these big parties.

that's like it's become quite the scene. But it's still this tiny, tiny town out the middle of nowhere. But it's out in West Texas, M-A-R-F-A. I totally encourage you to Google it. If you haven't ever discovered it, it's fascinating. Weird. But anyway, so our friends moved out there.

They moved there from St. Antonio because they wanted to get away from it all. But it turns out when you're in a 2,000-person town or you're on an island like the U.S. Virgin Islands, finding a way to make a living is incredibly difficult. So like in Marfa, our friends end up doing this thing called the Marfa Hustle, which is you have like four part-time jobs. Like one is you're like a bartender on the weekend, you write for the newspaper, and maybe

you like, you like work on being a tour guide. Like that's your hustle. Or you teach yoga. Like those are your four hustles. And you maybe put together a living after doing all that. But I think that's what precisely these people ran into when they get to the Virgin Islands, which was like, well, I'm on a boat, you're on a boat. We've got nothing to do.

Let's sell some pizza. We'll get our hustle on. At the same time, though, this hustle. is making between 250K and 500K a year. That's amazing. That's a pretty good hustle. They're hustle. Well, and you've got amazing pricing power

because, look, there's only 91 restaurants on St. Thomas U.S. Virgin Islands. So it's pretty easy. Well, this is the only one in the cove, though. I mean, period. Yeah, yeah. So you could charge whatever you want. Like, would you like a once in a lifetime New York style pizza

on a boat in the most beautiful cove, like in the Caribbean? or would you like nothing? Those are your two options like pay what we want? Well, what's interesting is they say in the listing that pizza pie's mooring lease in Christmas Cove is just $1,083 per year. That's less than $100 a month. This mooring is highly valued. It is the only commercial mooring within the preserve, ensuring that pizza pie will be the only place for food here for years to come. They've been an icon since 2014. So, I mean, that's is like, if that is true, I mean, and assuming you can, I'm assuming this is like a forest service,

quote unquote, lease or something, you can just keep renewing. You know, there's not like some landlord that's going to 100x the price of this, you know, at some point. They kind of phrase it as, you know, they've got a lock on this thing, which would be an absolute moat. I mean, in a very unique way. Like, when we see restaurants, you know, Michael, you always hate them because you say eventually the landlord is just going to raise your rent, right, and capture all your economics, which is true. But in this case, I'm, I got to assume, I mean, if they're leasing this morning for $1,000 a year, that's got to be like the registration fee, not like a true lease, I wouldn't think. So, I mean, they could, they could potentially have no landlord here

floating restaurant. Kind of cool. Yeah. Well, and I think that's probably something you want to dig into. How long are you able to stay there? Did it just say how long they can stay? It didn't say, didn't mention it. It seems to imply for years to come that they can. kind of be there forever. Super interesting. Okay, we got to talk about the elephant in the room for this. Can we move to the pooping section now? All right, the little bit of poop is loud.

All right, let's talk about the big problem. Hurricanes. Like, there is a moment in time, and it's going to happen soon where some hurricane's going to come in here and you're going to have to worry about your pizza place, and there's going to chase off all your customers for a while. So I think that's a good, you know, besides this risk of your lease, like what is an external factor that's going to hurt you?

Like this is a boat in a cove in Hurricane Alley, you know, on the southeast corner of the United States where hurricanes come in all the time. So that's something I think you've got to de-risk. That's a really good point. I mean, you don't necessarily have to worry about your corner store coffee shop getting completely blown away in a hurricane. I mean, that being said, I mean, you think you can insure this risk? either self-insure or you get an insurance plan? Yeah, I mean, you get boat insurance, right? Like, that's a thing.

I guess so. I mean, I imagine it would be obviously a real bummer if you're totally custom, you know, kid it out, commercial pizza kitchen, sailboat gets destroyed. You know, you're going to lose at least a year rebuilding that thing, even assuming it was totally covered. So, yeah, that's a risk for sure. Are there any other risks here? I mean, the way it sounds like is, and I love their operating hours, it's from 11 to 5,

because they're not actually, it's not actually like people coming from downtown St. Thomas like to out to your boat. They're actually targeting charter operators. So it looks like people get brought out by these charter operators who bring their, bring their clients out there. They snorkel, and then they snorkel, and then they go over, they get a pizza delivered from your pizza thing. Like, you got to love that.

I guess, I mean, there would be a worry if the. charter operators start serving pizza on their boats, but they probably don't want to do that. Like, who wants to have a big pizza oven on your boat? Well, you know, they also don't have is the liquor license, which these guys have. Oh. Yeah. I like it. I mean, this feels quite defensible to me.

I like it, too. If you want to do this, like, this is a commitment. You're living on a boat or near a boat, and you're dealing with a lot of stuff. But look, it's America. Like, this is Virgin Islands, the United States territory. So you get to use the U.S. dollar like you're a U.S. citizen. Like, that's all this kind of stuff.

It's not like you're dealing with, you know, some weird banana republics that's going to take all your stuff or change it for somebody's cousin. So you got to love that as well. Yeah. Yeah. This is America. I am in for this. I mean, the only risk I would see here besides the hurricane, which is valid, is if somehow,

like whoever you lease this from gets lobbied to let somebody else drop anchor. Yeah. Right. Now, at the same time, though, let's say they do get lobbied and someone else drops anchor. It's probably not, I would argue, it might even help you. Like sometimes if you have a restaurant and someone opens a bar next door, you both do more business. You know, imagine there's like two or three little restaurant boats in Christmas Cove and, you know, just more people come to the Cove, perhaps. So I don't even know how much of risk that is.

So here's the soggy dollar. I just Google the soggy dollar. which appears to be on the, maybe there's a different name for the one I went to, but there is literally a boat, I think, in the British Virgin Islands that is the same thing, is named the soggy dollar. Hilariously, by the way, if you're interested,

there's the soggy dollar, but then if you go down to Islamu Harris, which is in Cancun in Mexico, they have a bar there called the soggy peso, which I thought is pretty awesome. I don't know what's going to happen, but for a while some of my friends were talking about buying it. It's like, I mean, I was like, why do you want to buy a random bar in the middle of nowhere in the Caribbean?

But anyway, I guess it is what it is. Let's talk a little bit about valuation on this thing. So, you know, let's say it's between 250K and 500K cash flow. Let's just take the midpoint and say it's like 350, 375. Yeah. 375, they're asking 425 for it. And not only are they asking 425 for it, you get like four boats and an SUV. like included.

It's, you know, it says it's all included. So you are, okay, I know you're doing the bill special here. I can't, I got to stop you and interrupt. It's a 2008 Ford Explorer. It's a liability, but keep going. You're doing great. Okay, so that's what I'm, what I'm getting to is I wonder how much all of these are liabilities, right? Yeah.

So you've got the 37-inch sailboat, that's the iconic pizza boat. you've got a 19 or 37 foot sailboat not 37 inch sailboat that might explain why it's so cheap a 19 foot center console powerboat which is I think how they resupply the sailboat and then a 13 foot powerboat which is used for pizza delivery so you get three boats the big boat the resupply center console and then the pizza delivery dingy that delivers it to the other ships in the cove and then you get their liability for explorer SUV I mean for for for it explode Do you, I mean, this seems from a value, I mean, boat and stuff aside, this is 375K-ish of cash flow for $425,000.

Right. Let me one-up you on all this. So we've talked about having this Acquisitions Anonymous fund that would invest in some deals and like have operators for them. And my concern has always been like, if we're going to try to make money with that, it's not going to be good radio. Like, it's not going to be very good on the podcast. But this feels like one where, like, who cares when we make money?

Like, if we found an operator willing to do this, we put up half the equity. And then, like, every month, part of the thing is us checking in with Bill or Sam or whatever their name is, who's the operator down doing this. Like, that would be some darn good radio, some man on the street type stuff. And, you know, we're checking in on the hurricane. Anyway, I don't know. Are we starting to see good enough deals that were like, hmm, the Acquisitions Anonymous Fund, maybe it should happen.

Can you imagine the, like, I don't know if you watch that reality show below deck of like the people on the super yachts go around the world. Can you imagine like the drama that's probably got to happen in this cove in the Virgin Islands? Get great. Gort Rainsty and see involved. It's all kinds of stuff.

Oh, yeah. I think it'd be great. We could fly down there once a quarter and host the podcast on the pizza pie boat. We're on the pizza pie boat. I'm totally down. We should absolutely buy this. And you know what?

I think we should make Mills go run it. It seems like he needs it. Oh, man. Get him off the roof. I feel so bad for that guy. I don't want to air his dirty laundry, but it's like misfortune after misfortune. Just so tough.

I mean, I got to say, this sounds freaking great. And by the way, there are nine employees for this thing. So I don't know that you have to be on the boat every day, which is good. It doesn't look like it. I mean, ultimately, look, I think it's important to recognize. nice. This is a restaurant that's subscale, nowhere near supply chains,

on a boat, in a cove, on an island, out the middle of nowhere. So this is, there's, you need somebody on site making sure this stuff stays good. That's my two cents.

But then again, like, nobody's expecting, like, Gino's pizzeria here. You know, this isn't bleaker street. You could be

microwaving dejorno and no one would care. Nobody would know. But it looks like, these guys are doing it right. Like they're making their own dough. Can you explain, by the way, I pulled the pictures again. This guy in the water, do you see this picture? There's the boat.

Then there's a guy in the water with his snorkel outfit. But then he's putting his leg up. Like he's like some sort of like water ballet, like water aerobics thing. Like, I just don't get it. Anyway, there's... I think he's posed. I don't know. Maybe he's on vacation.

But you actually in this photo can see the 19 foot and the 13 foot boats that you get as part of the purchase. They're all right there in the photo. Every time I zoom in like this, it makes me think I'm like Blade Runner. You know, remember like Blade Runner is like Enhance. Enhance. It's enhanced. He's like Enhance Grid 2.5. Yeah. But I think this is reflective of one of the things you got to know when you do this, right? Like you're going to get island people, island time. Like, that is part of this deal. Like, and you're going to get some weirdos and you're going to have frustration with staff. and like it's going to be part of the deal.

And one of your employees is going to decide one day he can't come to work because he's going to be doing whatever this guy's doing in the water. I mean, let's be real. You buy this business, you are tapping out of society. And like maybe that's okay. Like, in fact, it sounds, a lot of that seems really attractive. You are retiring to the Virgin Islands where you will make pizza for four hours a day in an incredibly picturesque cove with people who are probably drinking and having the time

of their lives. and then you'll go home at 5.30 and do it all again at noon the next day. I mean, there are worse things, but like this is not the thing that's going to be, you know, make you a zillionaire. You're going to meet all kinds of, you know, upperly mobile people. And like this is not, you know, New York City. This is a form of weird retirement, but it sounds pretty good, if you ask me. Super interesting.

So the pattern I've noticed of businesses like this, they tend to attract alcoholics are people who are on the way to become alcoholics. So one time my wife and I went to one, a resort in Aluthorah in the Bahamas, and it had been bought by this husband and wife couple, and they both had managed to, they bought it because it seemed like they were trying to save their marriage, and instead they both became even more hating each other

and alcoholics, because there's nothing else to do but drink mitis and calic beer when you're in the Bahamas. all day in the sun. Yeah. I mean, I was going to say, you're on the freaking pizza pie. Look at this picture.

You got to not have a cocktail? I mean, holy cow. How do you even make, yeah. Well, you know, are you familiar with the concept of grog from the old days of British naval history? Yeah, like mold wine. Yeah, so they would, Grog was this combination of water

and basically rum and lime juice or lemon juice. that they would give to soldiers every day or to the sailors every day. Because a lot of the sailors on the old sailing ships in the British Navy, they were pressed, which means basically they were slaves. A press gang would go capture you

and they would put you on the ship and suddenly your job was to be in the Navy below decks. But part of their retention and morale effort was to give them grog, which was basically they turned everybody in the ship into functional alcoholics. So like that was the way they got you addicted to becoming a sailor

was like, oh, like, here are your six shots of rum per day. And remember, a lot of these sailors are like five foot tall, 100 pounds. So, like, they're wasted. And it became quite the way to pass the time and also to keep them in the service. So pretty funny. There's a funny, when Master and Commander, there was the book series of which there was a movie. There's a funny episode where the doctor was like, I think we should get rid of grog.

And the captain, like, looks at him like, are you insane? They would murder us. They're going to murder us next immediately. If we did it, they would murder us because we've turned all these people into alcoholics. It's like the addicts would rise up and kill us. This is how we keep them, like, sedated. So, yeah, so it's just something to think about. If you have a propensity for addiction, there might be better businesses for you out there besides this one.

I would not recommend it. But still, it's gone pretty nice. What's the next step on this bill? If somebody listens and they want to go do this and become part of this show, should we accept applicants? Absolutely. Absolutely. Yep. I will throw in whatever, however much I need to throw in to get a free pizza every quarter when I come visit you on the pizza pie. Maybe this is a solution for the Acquisitions Anonymous Fund.

Like, it's got to be, it's got to be stuff that is entertaining, we'll make good radio, and we think we could make some money on it. And look, realistically, like, I don't think we'd make money on this. But why not? No, it's the life, you're getting paid in lifestyle. I mean, this thing is a one to two X deal, multiple deal. You're going to get a cash flow like crazy. You can probably even get a freaking boat loan on it rather than a traditional business loan and move down the Virgin Islands and live it up. I can't wait.

Super funny. Super funny. Oh, look, they've actually just pulled up their website. They actually parted with all the little charter companies. So they're promoting the charter companies who bring people out to the little code. them back a percentage of sales. It's genius. And they have this whole,

they have this whole kind of online shop where you can get like these, these t-shirts like Margaritaville. Wow, they have like a nice online shop. We did an online shop, Bill. We do actually need an Acquisitionedonomous Shag Shop. I would love to hear from people what they think our Shwag should say.

It doesn't even pencil. Mills should have a shirt that say it doesn't even pencil. This deal sucks. Gurdley, I've time to poop on it. Can we poop on this now? Yeah, well, when Ty, when Ty starts our new helper, when he starts in July, he can build us a swag shop. I think it'll be good.

So, can't wait. Super cool. All right. Well, hey, wrap it up here. Any of the thoughts from you? Nope, that's it. I'm doing it. I'll see you down in the Virgin Islands.

Okay, cool. Call us for some radio. All right. Well, hey, if you guys have made it this far, do us a favor. take this episode and send it to a friend and say, hey, you want to learn about business, you want to talk about business, you want to get introduced out and think about business,

or you're interested in buying a business, like listen to these dofaces because they know something about it. And look, sometimes we'll talk about ski resort, sometimes we'll talk about HVAC, and today we talked about a pizza boat in the Caribbean. So good stuff. But yeah, send it to a friend, do us a solid, and yeah, we'll keep growing the pod.