Buying an existing business and price??

[mike78wmdayton]

I know a guy who wants to sell me his business.. is making about 20k after paying gas labor etc..

So been told that carpet businesses go for about half of years gross.. on the high end.

So I figure in this case a reasonalbe price is about 6 or 7k..

10k is high retail..

What u all think ? anybody here know about this kind of stuff.

mike in dayton ohio