I have had an initial conversation with a pair of gym owners. They are 50/50 partners in ownership. The older one (early 60s) would like to retire, while the younger one (early 50s) is a little less sure about selling the business although she is definitely burned out after 25 years of ownership. They have not engaged a broker and have not set themselves up for a proper sale at this point. I would love to hear some stories or advice that people may have around:

1 - Buying from partners that are not necessarily aligned
2 - Getting the owners comfortable with appropriate valuations