Unfortunately, this site is basically worthless as it stands. You just don't get enough traffic to make any money on ads, and you aren't going to find a team of hackers to take over your code. Heck, my blog about random stuff in my hometown used to get more visits than CherryPeel does.
Let's imagine a scenario where someone says "y'all did a lot of good work - here's a couple thousand bucks, because I think I can make a go of this."
Who is this person going to be? A hacker isn't going to take over your code, and no business person can analyze this and come up with a deal that would be anything but insulting. And the same goes for a company - they can't offer you enough for it to be worth it to you, and if they want this, they will just build it themselves.
You should just keep this as your hobby site. Maybe it will take off someday - either way, I'm sure you learned a lot, and it was time well spent. It's a neat site and I've told my musician friends about it a couple of times.
A potential buyer wanting to know what your traffic "was" or "once was" isn't something that should necessarily come up. I'd tell buyers your traffic is 6,000 uniques, and leave it at that. If they ask about the past use the 75K number then (and only to highlight the potential of the site, not what it 'once was'). The way it's phrased now looks like the site is heading south.
A buyer would like to know that, with some media events, you can drive a spike of 75k visitors. A buyer might have some new ideas about how to keep them coming back.
It is nicely done. If I may ask, what does it cost to run each month? What was your business plan for making money from the site?
I would try to sell it directly to a likely buyer. It seems like a music school, a foundation, or independent label might be interested in purchasing this as a platform.
My advice is that you leave the information, any serious buyer will search "cherrypeel" and eventually stumble upon this thread, if you change your mind and take it off, it will make a bad impression.
I've never sold a web site, but i know for sure that incomplete information (and even worse, there would be evidence of it) only sparks mistrust.
We don't have the time to dedicate to it. If someone has the ability to attract traffic to the site, I believe there is lots of potential to scale.
I am sure I'll be setting a reserve for the auction but until I figure out what the market is willing to pay for the site, I can't give you a ballpark.
Let's imagine a scenario where someone says "y'all did a lot of good work - here's a couple thousand bucks, because I think I can make a go of this."
Who is this person going to be? A hacker isn't going to take over your code, and no business person can analyze this and come up with a deal that would be anything but insulting. And the same goes for a company - they can't offer you enough for it to be worth it to you, and if they want this, they will just build it themselves.
You should just keep this as your hobby site. Maybe it will take off someday - either way, I'm sure you learned a lot, and it was time well spent. It's a neat site and I've told my musician friends about it a couple of times.