Chiguy, thanks for the response. I have actually been watching bizbuysell.com for quite a while now. It was my understanding that a biz is properly priced when it is listed for sale at a price that is 2-3 times it's net profit. The net profit on this place is $43,000 + for last year and it is for sale for $39,000. I have not seen anything for sale on any of the business listing websites that I can walk into and take over, renew the lease terms at the same rate and make $40K with a $40k investment. My goal is not to increase my income right away but to increase the sales through a solid market plan to ultimately increase revenues to a much higher level by the end of the first year. I do agree with you that I have little interest of getting up at 3am to deal with a probelem at a store that is 19 miles from my house but perhaps that is simply part of the catch 22 of having a unique, niche-style pizzaria by delivering in the wee hours of the night, while also have no competition in doing so. I understand your advice about structuring it as an asset sale and would prefer that also. Why, just in case, would a seller NOT want to have it structured as an asset sale?
Thanks again for your input.