I don't understand your figures. What is the gross turnover of the business and what is the profit (before or after tax)?
You've mentioned $70k/year in pre-tax cash flow. If so, the business is horribly overpriced at $850k. That's nearly 12x earnings.
You've mentioned $70k/year in pre-tax cash flow. If so, the business is horribly overpriced at $850k. That's nearly 12x earnings.