Acquisitions Anonymous - #1 for business buying, selling and operating This Golf Club Could Make $600K a Year… Or Bankrupt You
Sep 5, 2025
The hosts dive into a $4.6M golf course deal fraught with red flags, including dubious financials and a curious connection to Blackwater. They explore the emotional bonds formed in sports, comparing golf and cycling club cultures. The conversation highlights the luxurious equestrian fashion trend and its high costs, alongside the emotional connections in shared challenges. Investment insights raise concerns over the club’s profitability and missing documentation, prompting discussions on the complexities of evaluating such business acquisitions.
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Missing Financials Break Financing
- Lack of tax returns is a major red flag and usually makes SBA financing impossible.
- Absence of verified financials forces buyers to suspect underreported income or messy carve-outs.
Listing Presentation Reveals Seller Behavior
- The listing contains amateur signals (odd photos, all-caps warnings, 'no SBA buyers') that lower credibility.
- Such presentation often indicates an owner who avoids formal intermediaries and market pricing.
Local Reputation Is A Hard Moat
- A strong local reputation (700+ Google reviews, 4.5 stars) is valuable and hard to replicate in rural areas.
- That community moat increases the business's defensibility despite other red flags.