I've been approached by one of my buddies(competitor) in this area about my buying his business. How do I know what it's worth? Here's what I know, and what I'm going to be getting: He currently has about 65K in revenue. He is including his trailer, Gravely 160, 2 weed eaters, 1 blower, 1 hedge trimmer in the deal. He had purchased another truck for his employee so that he could further expand the number of accounts he could handle, the employee decided he didn't want to work that hard, so he's out that money and his plans for expansion hit a wall. He and his wife are expecting their first child in about 6 months. He graduated in chemical engineering last year and had originally decided not to go into that field. He has now re-thought that and is currently looking for a position in that field. I tell you all that because my read is that he's doing fine with this business, but he's ready to get out due to the planned expansion with the long-time employee not working out...I think he's just frustrated but he says he's ready to use his degree. I know that I want to buy his business, I just don't know how to figure out what it's worth. I appreciate any help you can give me.