Here are the reasons why I feel the minimum asking price should be at least 20 months revenue:
1. The sites are extremely old and established. The registration date on the Suzuki domain is 2003-06-08
2. Automotive niche. Not gaming, myspace, icons, proxy... CPC is generally so much better, and of course this will not change overtime.
3. Vast majority of traffic is US based and of a mature age. The Google Analytics PDFs will confirm this.
4. A very similar motorcycle forum was sold here at Sitepoint for a BIN of $75,000. The income there was almost exactly the same as what is being declaired here. There was no Google authority status in the case of that other site, and it was only one single forum. Here the risk is distributed because the content site and forums are all on seperate domains. Cumulatively the traffic here exceeds that of the other site. Please PM, if you want the URL to the previous auction I'm talking about.
5. Apart from Adsense, the only other monetization method being employed is VibrantMedia intellitxt. At roughly $18/day this brings in an additional $500/month. This was added just four days ago. So it is revenue in addition to whatever has been claimed earlier. There are no CPM ads or other paid advertising on the site. This leaves open doors to increase earnings further.
6. The most important factor which justifies over 20 months revenue is the ZERO maintanence factor. I literally make less than 2-3 posts per month on the entire forum, and that too is in the staff section tending to vbulletin related bugs, and there is no need for me to get involved. Both forums have one additional volunteer admin and 2-3 moderators who do a great job of keeping them clean.
Reason for Selling
I have these sites occupying half of a server currently. The rest of the server is dedicated to the sql of a huge site which is making $xx,xxx/month. The forums of that other site has several million posts and a new game is being released this month. The servers will be crashing when that happens.. so to make room for the huge traffic on the main money making site, I need to remove some sites from this server. Either I sell this network or I need to rent yet another server, and of course securing the asking price would justify my efforts thus far anyways, and there doesn't need to be a reason for selling beyond that IMO. In any case, the sites are solid. The content sites need updating only once a year. 2008 modles have already been added to the Suzuki site, and simply sitting on them for another year while enjoying the monthly revenue is not something I have a problem with, if the right offer doesn't come.
I have set a BIN price of $80,000
Serious buyers can PM me for proof of anything or access to the Analytics stats..