Thanks LifeTalk for your response.

This is a QuadCore Machine, 4GB Ram and has a 500GB drive. As of now, the server sits idle. What I am offering, is sharing the resources of an entire dedicated server with 1 or 2 more people.

So that means, there'd be only 5 sites, on an entire dedicated server.

If you go for a shared provider, your looking at 50 to 120 sites. If you go with a VPS provider, your going to be sharing a similar server with 10-20 others.

5 people, one server, those figures should be appealing.