Am preparing to buy a business and today they showed to me the monthly turnovers that it generates and something isn't right. They sell the lease of the business for 30k but looking at the revenue i cant help but think that something is fishy. The monthly turnover is £3.5-4.5k NET and yet they only sell the business for 30k? isn't this too little? Also am told that there is very little to nothing tax you pay for your income when you are self employed and own a business other than the VAT which you add to everything which isn't really a tax you pay. Is that right? I'll be talking to an accountant soon just wanna see what you peeps here think. Surely you would expect more than 30k buy out if you make 4k per month?