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As others have said, I think you are just buying a job. :( Perhaps the title of the thread should be: Help me justify buying my wife a job close to home. (sorry if that comes across as a little harsh - but you did ask for opinions)

I beg to differ - how you value a business is ALWAYS about multiples. There is nothing stopping someone from ignoring that and paying any amount of money for it (its a free market economy). The figures you last posted seem to tell a slightly better story than originally thought.

^^ this. You need to find out the PE for this type of business. 3 x nett profit is common. Value of the business is $30K. Even if it was 6 x it still does not equal the current asking price. If the owners have set up a similar operation just down the road, be careful that existing clients...