In this episode, the hosts dig into a port-a-potty rental company with $4.1M in revenue and a $2M price tag, revealing a capital-heavy, route-based business that's either a blue-collar dream or an operational nightmare.

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In this gritty episode, the team breaks down a portable toilet rental business based in the southeastern U.S., generating $4.1M in revenue with $1.5M in EBITDA and listed for $2M—less than 1.5x earnings. The business includes over 1,000 units, 5 trucks, and a property with a discharge pond and mobile home.

Key Highlights:
- Asking Price: $2M; Revenue: $4.1M; EBITDA: $1.5M
- Includes 1,000+ toilets, 5 trucks, real estate with discharge pond
- 60% revenue from recurring construction jobs; 40% from events
- High capex, driver and routing challenges, regulatory scrutiny
- Seller likely fatigued; business could scale with better ops and tech

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