Hey everyone, I’m currently evaluating a B2B same-day courier / delivery business and would love to sanity-check valuation norms with this group. The company is asset-light, semi-absentee, and does roughly ~$700K in SDE on ~$2.2M in revenue. It’s primarily B2B, repeat-driven, and service-intensive rather than platform or route-based. For those with experience in courier, logistics, or adjacent service businesses: • What SDE multiple ranges have you typically seen for businesses like this? • Are there specific risk factors or upside levers that tend to push multiples meaningfully up or down in this category? Appreciate any perspectives or war stories. Thanks in advance.