M&A question - Key factors

What are the key factors that should be examined?

Not only the usual book stuff but the more important details that can make or break any such deal

The company is a service company.

Gross revenue of $10.4 Million Pretax profit = $1.4 Million Clients sign long term contracts for service Owns some but not all of his equipment. Some leased. Sole Proprietorship with only 2 employees Work's solely out of home office

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