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M&A Multiples by Industry — Small Business Valuation Reference

2024–2025 Market Data

M&A Multiples by Industry

Small business valuation benchmarks across 45+ industries. Use this table to understand what buyers are paying — and what drives value in your sector.

45+ Industries

5 Data Points Each

9 Industry Categories

45 industries shown

How to read this table: Revenue multiples apply to all transaction sizes. SDE multiples are most relevant for businesses under $2M in profit — this is how most Main Street deals are priced. EBITDA multiples apply to larger deals (typically $1M+ EBITDA). All ranges reflect typical small-to-mid-market transactions; outliers exist in every category. Multiples compress in recessionary markets and expand when capital is abundant.

Industry	Revenue Multiple	SDE Multiple	EBITDA Multiple	Typical Deal Size	What Drives Value

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Multiple ranges: Below market At market Premium

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Multiples are estimated ranges based on publicly available transaction data, broker industry reports, and market surveys (2023–2025). Individual transactions vary significantly based on growth rate, customer concentration, owner dependency, market conditions, and deal structure. This table is for educational reference only and does not constitute a formal appraisal or financial advice. Always consult a licensed business broker or M&A advisor for your specific situation.