Real estate business - Value

[Engelo Rumora]

Hey guys,

I hope your well.

How much could you sell a real estate business that makes $1million in profits via flipping houses. I know more variables would need to be calculated but I would be happy with your rough estimates. I am interested in getting an approximate value multiplier. So for example 1 x 3 or 1 x 4

($1million profit = $3million value)

Also, please feel free to share if you know of any other similar business that sold and for what price compared to profits.

Thanks for reading an I am looking forward to your replies.