How much it cost to buy a small business and what the price included

I bought a small business last year as part of my corporate exit strategy and I've been working on scaling that business over the past 10 months so that eventually I can leave corporate America. I get a lot of questions about that so I'm gonna do a little Q&A series. We're gonna start with the juiciest of details which is how much did it cost. I've already talked about this a little bit but if you're new here welcome. The business I bought is a baby clothing brand. The business listing price was $50,000. After doing some initial evaluations of the operations and the financials I ended up offering $40,000. I assumed my offer would be countered and we would negotiate a little bit but the owners were I guess pretty motivated to sell and they accepted my offer. Let's talk about what that $40,000 included. It included all of the inventory. The previous owners estimated that they had about 10 grand worth of inventory. It also included all of the supplies and materials, fabric, buttons, random odds and ends that go into making the outfits. I didn't have a good way when I bought this business to really evaluate that. Some of the fabric was at the previous owner's house because they did a lot of the sewing themselves and then some of it was at another seamstress's location. I would guess that supplies and materials were probably another 10 grand worth. Essentially half of the price I paid was for supplies, materials, and inventory. The purchase of the business also came with any intellectual property or websites or software, hardware. Hardware included a label printer. That was pretty much it actually. They said they had a desktop computer that they could give me. I didn't have an interest in that so I didn't take it. I just took the label printer. Everything else that came with the purchase was like the websites, Etsy shop ownership. I took over any social media pages that they had. I also inherited their email list which I think was about 5,000 customers. I purchased a lot of work that had been previously put into building and creating this business basically. They had a fully built website, they had paid for SEO, they had paid for a full repository of blog posts that are on the website, just a ton of stuff. Basically I took everything over. The only thing that I did not technically buy was their LLC. The business was an LLC based out of Utah and essentially what happened is they dissolved their LLC and I started a new LLC in my state and then just transferred everything to my LLC. I'm sure I'm forgetting something but in a nutshell that's what the business came with. It was a fully functioning business that was already generating revenue and had been for several years and I think the most important part to me was it had proof of concept. So it was established, it had very low competition and that to me was really intriguing. That's what I bought and how much I bought it for.