"Offers over" system in buying a business

[LinLin]

There's a business that has just gone up for sale locally near where I live in Scotland that I'm quite interested in. It's 'offers over £25,000'. Being relatively new here, I'm unaccustomed to this system. Is there an industry standard for how much over 'offers over' means?

This is a service business with very little equipment.

 

[Rhodes100]

What the seller wants is to create a bidding war. But if there is only one person bidding you can name your price.

Just because it is being offered for offers over £25k it doesnt actually mean that the business is worth that money. It could be worth £10k.

It is no system just a different way of marketing instead of saying "Guide Price £27,500" or "Offers in the region of £28,000".

You can offer what you want, either it will be accepted or not.