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Valuation of estate agency

Does anyone know the usual valuation method for an estate agency? I have a feeling it's one of those ones with an accepted method so I don't want to re-invent the wheel.
Chris Martin

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As a starting point.....
1 x annual turnover (so Share Valuation Division at IR have told me)

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Variable Indeed!
I should take up Peter Cannon's offer if I were you!

So much depends upon the nature of the business (commercial/residential?), (Dependent upon certain key personnel? Contracted or not? etc. etc.

There can be no simple formulae....especially if a commercial practice.

Have fun!

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