Isn't $1.5m is way much too expensive for a $47k in 6 months average revenue or $94k annual revenue? Or let's just round it off and say it is a $100k a year.
For $1.5m the estimated ROI date will be 15 years. Isn't it way too long for having business? I'd bet 3-5 years ROI is considerable for any business.
I hope the amount is bargainable, because just as earlier said, $1.5million is likely too much for a casino that generates an average annual income of $94k, which is bound to undergo change, to either increase or decrease in the hands of a new ownership, depending on how skillful such individual may be.
I definitely agree with you. The asking price of $1.5m is a little bit too much, though you are free to value your business OP but also consider other factors as well.
Like what this person just mentioned, there are gambling websites that only have a slight margin of profit annually. I doubt that someone would afford to purchase this gambling website as they will just create their own using this capital.
I guess you should at least post the name of the gambling website for people to check on it. Having to contact someone before you release other additional details can somehow be taxing on our part.