Self-Storage 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
6×
Typical
8×
Max
12×
Revenue Model
Recurring
Capital Intensity
High
A typical multiple of 8× EBITDA reflects mid-market transactions in the $1–$50M revenue range.
Overview
Self-storage businesses typically trade at 6×–12× EBITDA, with a typical multiple around 8×. Recurring rental income, high occupancy, strong customer retention and attractive locations support valuations. Businesses with multiple sites, modern facilities and limited local competition may attract higher multiples. Key risks include property costs, new competing facilities and declining occupancy.
Key Value Drivers
- Recurring rental income
- Occupancy
- Achieved rents and attractive catchments
- Transferable management and operating systems
Key Risks
- Interest rates
- Property values
- New supply
- Occupancy and development risk
- Economic and market volatility
Related Industries
Real-World Transaction
Lok'nStore → Shurgard Self Storage
2024 · Self-Storage Business
These transactions involved companies substantially larger than the $1–$50M SME benchmark and are shown for context, not direct comparison.
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.