Hi folks, Will here from the Acquisitions Anonymous team. Today's episode looked at a high-margin dental supply e-commerce business, situated in sunny San Bernardino County, California. What makes this deal intriguing (and potentially problematic)is a recent legal change that might have significantly impacted its business model. The business specializes in selling dental supplies through a streamlined Shopify platform. With over 2,500 loyal customers and a 60% returning rate, it sounds like a solid deal at first glance. They’re asking $1.2 million on $800,000 in revenue, but there's no disclosed cash flow and some critical operational details are missing. The kicker? A legislative change on tariffs might have completely disrupted its margins. Takeaways - Carve-outs can be complex: Shared costs and lack of clear financials make these deals tricky. - Tariff changes can sink you: The loss of a tariff exemption might have killed this business's edge. - No formal P&L or financials: You’re stepping into the dark without a clear financial picture. - Asking $1.2M without cash flow clarity? Proceed with caution! - Know what you're buying: A website and a customer list aren't always a solid business. You can listen to the whole episode here: redacted And check out the business listing direct: redacted