Based on these statements, and the very low offer, I have to conclude your business is about to collapse. You have no leverage if you have no options. If 3x ove

Based on these statements, and the very low offer, I have to conclude your business is about to collapse. You have no leverage if you have no options. If 3x over 4 years sounds good, you are already conceding that the company is doomed. Selling a doomed company for before it's bankrupt is wise. You have no other acquisition prospects and you business is about to start shrinking - I suppose you should take what you can get. Edit: Sorry I must be tired. This is a revenue multiple not income. Revenue multiples are not particularly helpful in valuing a company with a mature business model. Gross profit would be far more useful. At 20% margin this is 15x gross profit which is reasonable, particularly if you have no other exits. I'd take the offer after cleaning up the vesting (at least 50% should be immediate) and consulting a good lawyer who might find some fallback options.