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While $2.35M is a desirable amount of money, I do not see why the site could not become a $400K-a-year effortless cash machine by 2012.
You're selling a non-tangible, repeatable asset in an industry where good offers are few and far between.Actually, offers come every now and then. In the span of the last four months there were offers from other parties, one of which was from a public company. In fact, the very last offer that I declined a month ago was 1.7 million.
If past performance shows you that you are one of the leading sites in your niche you probably have a very good chance of staying there and making more money.
Based on the 1/2 hour a day work for 235K/year profit? Are you crazy? Don't sell!
I would be curious to know:
- How old is the site?
- How long have you been running it?
- Do you want to walk away from the site?
- Do you still have interest in running the site?
whatever suits you best
These numbers look made up to me. The offer is 10x your profit? Was the offer based on knowing what your profit is?
Further, you've got 240k revenue and only 5k expenses?
And you are not willing to take 2.35M guaranteed as opposed to risking it that you can maintain your revs for another 6-10 years?