# What multiple will my business sell for? · Horizon Answers

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# What multiple will my business sell for?

Short answer

It depends on size, industry, growth and risk. Smaller owner-led service firms often sit lower; larger, recurring, owner-independent firms sit higher.

## What to know

-   Size matters: bigger profit usually earns a higher multiple.
-   Risk lowers it: owner dependence and customer concentration are the biggest drags.
-   Growth and recurring revenue raise it.

## What to do next

1.  1Find your adjusted EBITDA first.
2.  2Score yourself on owner dependence and concentration.
3.  3Compare with recent deals for similar companies.

Last reviewed September 2026 by the Horizon team. General information, not legal, tax or financial advice.

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