Business Valuation Management Company

Looking for some insight on how to value a property management company. The company has very little in the way of fixed assets and does not have any intangible assets.

The company is a property management company. They manage homeowners associations for condos and residential homes.

They have contracts with homeowners associations that are generally renewed annually. They do a have a few three year contracts. The contracts are for management services only.

I know some companies such as tax practices are based upon yearly revenues Bars and restaurants generally are 3 years profits plus the value of the equipment. Not sure for this type of business.

Thanks for your help

If they have steady cash flows, I would base it primarily NPV / income approach. Market multiples are theoretically weaker so use it as a backup. But the questions you are asking are a little light for someone handling the valuation.