The 25 horse 2 stroke is a very fine engine - especially mid 90's. If you are happy with the compression and you are certain it has spark, then unless the price is way out to lunch I would definitely pick it up.
Since it won't start I would expect the price to be somewhat under the $1000 range. A complete carb kit for these runs about 75 bucks (and takes an hour or two of your time if you are mechanically inclined). If you need a shop to do it, count on about 300 bucks. Likewise, if it's been sitting, a waterpump kit is probably in order as well - again, 75 bucks (kit), 300 if you need a shop to do it.
That's why I said - depending on the price - if you are going to have to drop 600 bucks to get her in "usable" condition then I wouldn't pay more than 500 or 600 bucks for her....