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I got proposed a business offer to take over a business from an older gentleman who has no kids and wants to retire.

I wouldn't have enough to put it all down, but I was just wondering what some pause would be of that.

Okay. Were you working in the business before? How did you come across this offer?

I actually reached out to do some private work through Facebook. The guy also has some rentals, and he needed some

employees. And yes, I have got my EPA certifications for refrigeration, and I was a plumber for three years for a construction company.

So what's the business?

It's an H-back and plumbing business.

Kind of a smaller town, but there's three of them collected together, and there's quite a bit of work for that company.

Okay. Okay, how's it doing? I mean,

have you looked at the numbers and is it profitable? And if so, how well are they doing?

No, that's kind of what I was. Another thing I wanted to get into, I hadn't, went across that

bridge completely. I'm going to shadow him tomorrow and see how it's going. I just,

um, if it is profitable, I, I did all this research. Um, maybe you can tell me if I researched it right,

but, uh, roughly two to three times the business yearly profits is usually what a business like

that would go for. Okay. Uh, being a smaller business. Yeah, you're right about that.

It's a net present values, where they call it.

Okay.

What I would not do is go down to a local bank and get a loan and buy this guy out,

or I wouldn't go call the SBA and take out SBA loan and try to buy this guy.

Yeah.

This guy said that the guy that he originally started from, they did it as a private deal.

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