What are you implying? He said in the post he paid off most of his creditors after closing. If the final price was $215k it certainly seems possible to pay off most of $120k with that.
A business like AR with $60k in profit sold for $215k seems like a pretty good deal for the seller.
On a yield basis, that seems like a great deal, but given the work involved (+ chance of the business being disrupted), I'm not sure I like that profit to price paid ratio. It certainly isn't a price I would have paid.
Right. I was "implying" that perhaps the business wasn't as good a business as I thought.