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Free Reference · Updated 2026

NJ Business Multiples Database

Sortable, searchable, free. SDE and EBITDA multiples for 30+ NJ small business categories — sourced from active NJ deal data and IBBA Market Pulse benchmarks. Free to cite under CC BY 4.0.

30+ industries Sortable Free to cite CC BY 4.0
Industry Category SDE Multiple EBITDA Multiple Typical Asking Top Value Drivers
Restaurant (independent)Food & Beverage2.0x – 3.5x$300K – $1.2MLease term, liquor license, real estate
Pizzeria / Quick ServiceFood & Beverage2.5x – 3.5x$400K – $900KBrand strength, lease, operator independence
Deli / Bagel ShopFood & Beverage1.8x – 3.0x$200K – $700KLease term, foot traffic, cash management
Bar / Tavern (with liquor license)Food & Beverage2.5x – 4.0x$500K – $1.5MLicense transferability, lease, real estate
Auto Repair ShopAutomotive2.0x – 3.5x$200K – $800KOwner-operator dependency, equipment, lease
Auto Body ShopAutomotive2.5x – 4.0x$400K – $2MDRP agreements, equipment, real estate
Gas Station (no real estate)Automotive / Retail2.5x – 3.5x$200K – $700KUST condition, fuel supply contract, lottery tier
Gas Station + C-Store + Real EstateAutomotive / Retail3.0x – 5.0x$1.5M – $6MReal estate ownership, brand, location
Convenience StoreRetail2.0x – 3.5x$200K – $1MLottery, tobacco, real estate
PharmacyHealthcare0.20x – 0.30x of Rx revenuePayer contracts, third-party reimbursement
Medical Practice (specialty)Healthcare4x – 7x$800K – $4M+Payer mix, CPOM compliance, transition plan
Medical Practice (primary care)Healthcare4x – 6x$200K – $1MPatient base, payer mix, transition
Dental PracticeHealthcare60% – 90% of revenueProvider transition, payer mix, equipment age
HVAC BusinessTrades2.5x – 5.0x$400K – $4MRecurring contract base, technician retention, license
Plumbing BusinessTrades2.5x – 4.0x$300K – $2MService contracts, technician retention, lic
Electrical ContractingTrades2.5x – 4.0x$300K – $2MLicense transfer, contract backlog, crew
Roofing BusinessTrades2.0x – 3.5x$200K – $1.5MCommercial vs. residential mix, license, crew
Landscaping BusinessTrades2.0x – 3.0x$200K – $1MRecurring contracts, equipment, customer concentration
Cleaning / JanitorialServices2.5x – 4.0x$300K – $1.5MRecurring contract base, customer concentration
LaundromatServices2.5x – 4.0x$300K – $1.5MLease length, machine age, card vs. coin
Hair Salon / BarbershopServices1.5x – 3.0x$100K – $500KBooth rental vs. employee model, lease
Gym / Fitness StudioServices2.0x – 3.5x$300K – $1.5MEFT membership base, equipment, lease
Daycare / ChildcareServices2.5x – 4.0x$400K – $2MLicensing, capacity utilization, payer mix
Insurance AgencyProfessional Services1.5x – 3x of revenueCarrier mix, retention rate, book composition
Accounting / CPA FirmProfessional Services1.0x – 1.5x of gross revenueClient retention, partner transition
Staffing AgencyProfessional Services4x – 8x SDE or 0.5x revenueRecurring placements, gross margin
Trucking CompanyLogistics3.0x – 5.0x$500K – $3MMC authority, customer mix, fleet
Distribution Route (DSD)Logistics1.5x – 2.5x of annual grossBrand contract, territory, route density
Printing / Sign ShopManufacturing / Services2.0x – 3.0x$200K – $1MEquipment age, customer concentration
Light ManufacturingManufacturing3.5x – 6x$500K – $5M+Customer concentration, equipment, IP
Specialty Food ProductionManufacturing3.5x – 6x$500K – $3MBrand strength, distribution, recipes
Reading the numbers: SDE (Seller's Discretionary Earnings) is used for businesses under ~$1.5M in earnings. EBITDA is used for larger operations. "Typical Asking" represents the range we see most often in active NJ deal flow — your specific business will land within or outside this range based on its drivers.

What Moves the Multiple

The same business in NJ can sell at the bottom or the top of its multiple range. Five factors drive most of the spread:

  1. Lease term — fewer than 5 years remaining (including options) typically blocks SBA financing and crushes the multiple.
  2. Owner-operator dependency — if the owner is the lead technician / chef / clinician, the buyer is buying a vacancy. Multiple compresses 0.5×-1.0×.
  3. Recurring revenue — service contracts, maintenance agreements, EFT memberships, subscription billing. Each percentage point of recurring revenue lifts the multiple.
  4. Customer concentration — top customer over 20-25% of revenue is a structural risk that lenders and buyers discount heavily.
  5. Real estate inclusion — owning the property converts the buyer from a tenant to a real estate investor. For gas stations, restaurants, and trades, this is often the largest swing factor.

Get a Real Number for Your Business

This database gives you a range. Where your specific business lands in that range depends on the five factors above plus a dozen smaller ones. We do free 30-minute valuation calls.

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