It sounds like they probably don't have much income being produced by the site, so the value may end up being based on the content alone, which is the case for a lot of paysites I've seen for sale lately. And it's almost always a situation where the current owner can't make it work, but they still believe it has a higher than realistic value. (Same with most types of sites being sold.) Quite often, the new owner will toss the current tour and work with a CMS they are more accustomed to, so they won't see value in the current owner's graphics or scripting. In this market, I would expect the sale price to be in the low range unless the content is shooting sunshine out its ass.
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