Multiple for commercial sweeping business

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by a searcher from University of Southern Indiana - Romain College of Business
in Evansville, IN, USA

1yr ago

Multiple for commercial sweeping business

What are the EBITDA or SDE multiple ranges for commercial sweeping (parking lot maintenance) businesses? Here's a little info about the business: $3.4 Million Revenue $478k SDE $689k EBITDA Been in business for over 40 years, based in US Revenue/SDE have both been slowly growing sinceredactedpost covid data not ideal but it’s what I have) 2024 revenue was up 12% Top customer makes up 24% of revenue Top 5 customers make up 39% of revenue 37 total employees (2 FT, 35 PT) Asset sale, $2.2M inventory, $800k in RE Would love to hear thoughts!

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reply by a searcher 1yr ago
from University of Chicago in Philadelphia, PA, USA

I did a pretty deep dive into this sector last year and ultimately did not make an acquisition. If it's helpful to chat about the industry and my valuation process, I'd be happy to get on a call. My email is redacted

reply by a searcher 1yr ago
from Montana State University in Missoula, MT, USA

A lot goes into the fair price beside a simple multiplier. I would be cautious about the top customer being 24%. Lose them and most of the SDE could be wiped out. Also depending on product price the inventory compared to income seems off. That much inventory might seem more like a liability to me, especially if it's old supply, but I'd have to know more. Just a couple things to be thinking about that would affect lending and the multiple on this deal. Also the multiplier can have a lot to do with how involved the owner is in the business. For example, say the 24% top client is related to the owner, the owner is the business and the multiplier could drop significantly. Love to talk more. I love this stuff!