You can afford it. Just put it on your credit card and pay it off over 20,000 years. :D
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Wow, this is a really new news for me today.
What is the best time to sell a business? when it is in its best pick. Also, he is an old man, I would do it too. I think is time for him to take off some work and start using his time doing anything he desire at any giving moment.
Although, Great News!!! :)
~Mike