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Q.
I recently took a call from a corporate finance
company, and it turns out that one of my competitors wants to sell. I am interested as it is a good business and he just wants to retire, but our sector is going through a quiet phase at the moment. I have some cash to use, but not the full amount and would need to borrow at least £250,000. What are your thoughts on buying a business during a downturn?
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