Jewellery Retail Business — Business Valuation Multiple
EBITDA Valuation Guide · Small & Mid-Sized Businesses
Actual EBITDA multiples can vary materially based on EBITDA size, growth, recurring revenue, margins, customer concentration, owner dependence, geography and other company-specific factors.
Min
2×
Typical
3×
Max
4.5×
Revenue Model
Transactional
Capital Intensity
Medium
A typical multiple of 3× EBITDA reflects mid-market transactions in the $1–$50M revenue range.
Overview
Jewellery retail businesses typically trade at 2×–4.5× EBITDA. Designer brand authorised dealer status, bespoke and repair service revenue, and a loyal high-net-worth customer base support the upper end. Inventory financing of precious metal and diamond stock creates working capital intensity. Economic cycle sensitivity and online competition are the primary valuation constraints.
Key Value Drivers
- Designer brand authorised dealer status
- Bespoke commission and repair service income
- Loyal high-net-worth customer base
- Precious metal and gemstone expertise
- Wedding and occasion gift repeat business
Key Risks
- Precious metal and gemstone cost volatility
- Inventory financing of high-value stock
- Online competition
- Consumer spending cyclicality
- Theft and insurance costs
Disclaimer: All multiples are indicative estimates only and are not formal valuations or investment advice. They should not be relied upon for financial decision-making without independent professional advice.