Buying an existing business without the intellectual property

[Fulcrum]

He needs to either break out the numbers that apply to what's being sold, or give them all to you and you break them out. Otherwise, this is worth only the value (fire sale price and not what the seller thinks it's worth) of the equipment.

How can you make an informed decision as to the value of the business when there is no hard data to back up his claims?

[annie_mclean]

As most people here have already mentioned, please tread with caution. Make sure you do your usually due diligence before you part with any fund?