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Tough question.

You haven’t provided enough information for people to give you good suggestions.

It really comes down to his asking price, how many customers he has and what is the income he is currently getting VS how much money and time it would take to build your own business.

2 points:
* I suspect (guess) your boss probably wants too much money (if you do intent to buy obviously go through a solicitor/lawyer to make sure there aqren’t any hidden surprises),
* It would take longer then you think to build a business to the level of your current bosses business. You may “think” you can walk into any number of his existing clients business and get work immediately, but quite often this just isn’t the case.

Good luck either way