Locksmith 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
3×
Typical
4×
Max
6×
Revenue Model
Mixed
Capital Intensity
Low
A typical multiple of 4× EBITDA reflects mid-market transactions in the $1–$50M revenue range.
Overview
Locksmith Business businesses may trade across a broad 3×–6× EBITDA range, with a typical multiple around 4×. Valuations are driven by commercial accounts, emergency demand, access-control capability and technician depth. Businesses with stronger recurring revenue, diversified customers, transferable teams and lower owner dependence generally attract the upper end of the range. Key risks include key technician dependence, competition, licensing and vehicle costs.
Key Value Drivers
- Commercial accounts
- Emergency demand
- Access-control capability and technician depth
- Transferable management and operating systems
Key Risks
- Key technician dependence
- Competition
- Licensing and vehicle costs
- Economic and market volatility
Related Industries
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.