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The general tip on buying a business is just to do your own homework and be a cynic about everything. People will tell you all sorts of great things about their business but they are not really telling you the real reasons why they are getting out.
Remember it's always easy to get into something rather then getting out. So low ball and act like you are not "seriously" interested. You probably will need to get professionals (accountants, lawyers...) involved in the transaction. Yes you will have to pay a fee but it will save you a lot of headache and money down the road.
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