the owner is asking $89k for the retail store. the store is nice and the location is good. of course i'm going to meet with her and ask for all the documents needed in making this decision. i've talked to her broker and from waht she told me her cash flow is about half the asking price. my friend thinks it suspicious that she would want to sell her store after only 3 years. the broker said she is selling because she is moving, that's why i don't think it's so suspicious. i would be going into this deal with 2 other people, so financially it's not too bad. i'm 25 and feel i have nothing to loose. 2 of us will continue to work and go to school and the third will stay at the store most of the time. i would just like to get other people opinions, experiences.
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thank you all for your answers. i have been doing what you all have suggested. we have a tax attorney and a cpa to help us review all documents. i also have someone with connections to the city who is going to get any info they can on the business. i was also planning to go to local shops and just ask around, actually my hair stylist is right around the corner, so i was going to stop by and ask. thanks again!