Need some business advice, property management company purchase

[John Calcaterra]

Thank you in advance for your advice. I am not new to rental property ownership or running a business. So I have ample experience to take on this new adventure. The question becomes what is this business worth? Property management company with 165 current lease contracts under management. Avg income hovers around $100 per unit managed per month. Expenses are pretty minimal, and since I already run a real estate brokerage, I feel like I have the back end support in place. I have purchased businesses before and looked at industry specific multipliers. Anyone out there with experience in the property management arena that can guide me with evaluation?