The short answer is yes, they do exist. I'm assuming you are planning to be an owner/operator., so here is a thought that might help frame your mindset...owners sell their business based on what it has done in the past. Buyers buy businesses based on what they are expecting it to do in the future. A "reasonable price" has more to do with your ability to grow a business and it's profits and less to do with your ability to crunch numbers and assess it's current value.

Agree. Part of why I think it makes sense to search in a space where the searcher has expertise, so they can judge the stability/growth beyond the raw numbers.