By Cliff Ennico
“My spouse and I have been looking to buy a business for some time. We’ve found a good local business with a great location and lots of existing customers. The seller wants us to pay one and one-half times his gross sales last year, which our accountant says is a fair price. The seller has also agreed to let us pay him 40 percent of the purchase price over the next five years, which we think is also a good deal.