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agreed with John W. Since it's so labor dependent the typical "two years profits" won't apply. There's no established client lists or contracts that can add to value, so it's simply a percentage of reciepts, land and equipment. If you're serious about it, keep the present owner around as a "president" for the next few years - on a salary and make sure there's a contingency saying he can't open anything else within a 50 mile radius as long as you can get away with at least to protect yourself.
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In the movies only bad guys sleep in king size beds.
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