Michael Girdley (@Girdley) and Bill D’Alessandro (@BillDA) talk about a Unique Family Amusement Waterpark & Campground Facility in the United States.We discussed this deal but also dug into how to value the real estate involved in a transaction, how that relates to the business's overall value, and how to value and manage cash flow in a seasonal business. High CapEx businesses and financial metrics don’t get along well, so we also shed some light on what to analyze when looking at one of these.Company:                  Unique Family Amusement Waterpark & Campground FacilityLocation:                    United StatesStated Financials:      2022 Sales   $ 7,900,000   |   2022 EBITDA   $ 2,183,000Asking Price:             Find out in our newsletter ;-)-----Thanks to our sponsors!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.-----Show Notes:(00:00) - Introduction(00:42) - Our Sponsor is CloudBookKeeping.com(02:26) - What is going on with the Twitter algo?!(04:45) - Deal & financials: Unique Family Amusement Waterpark & Campground Facility(06:00) - What is interesting about this deal?(08:19) - Is this an asset sale or a business sale?(11:54) - Why is this acquisition so financially feasible?(13:18) - How does bonus depreciation work?(13:51) - What is the EBITDA trap with this high CapEx business?(22:41) - Is the Real Estate of this deal worth the price?(26:41) - Where is the primary value of this deal?(28:47) - Do you think we raise money in this podcast?-----Additional episodes you might enjoy:#158 - $1.2mm revenue Court Maintenance Company for Sale!#157 - Make a $1mm/yr with a Language School#156 - 60% Profit Margin Amazon Online Community for Sale#155 - A $3mm profit-a-year water delivery business!#154 - A Truck Driver School for sale in Texas#152 - Should we buy this Ambulance company?#150 - Let’s buy a medical staffing business#148 - Growth Marketing explained: Shopify Superfood Greens Brand with 40% subscription rate w/ Baller Jesse Pujji 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.