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Adam Martelletti
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You would want to do due diligence on the business regardless of how much money you are prepared to invest into it.

Another thing to consider is the interest you will pay for the bank loan to purchase the business a list of other ongoing expenses that this business owner has not listed.

None of the above adds up and sounds like a waste of money, You will also find yourself spending more time in that business than what you currently do in your job now.

Best advice is to speak with an accountant and have them overlook the business records and accounts.