What questions do I need to ask the sellers at a first meeting?

What questions do I need to ask the sellers at a first meeting?

1. Why are you selling?
2. If a specific asking price has been set, how have you arrived at that price?
3. How would you grow the company?
4. What’s most important to you in this?
5. Are you willing to agree to a non-compete clause?
6. Who are your key customers, suppliers, and staff?
7. Are you willing to stay on with the business for a period post-sale?
8. How many hours per week do you work in the business?
9. What are the biggest challenges in the business right now?
10. What are you paying your yourself?