Transportation · NAICS 492110

Last-Mile Delivery Valuation Multiples (2026)

Last-mile valuations live and die with the underlying anchor contract (Amazon DSP, FedEx Ground). Multi-route operators with strong driver retention reach 0.85× revenue and 5× EBITDA.

SDE multiple
2.5×
2–3.2×
EBITDA multiple
3.2–5×
Revenue multiple
0.6×
0.5–0.85×

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Industry: Last-Mile Delivery · Transportation

Premium drivers

  • Amazon DSP / FedEx Ground territory rights
  • Multi-route portfolio
  • Driver retention > 70%
  • Documented safety record

Discount drivers

  • Single-route / single-territory exposure
  • Driver turnover > 100% / yr
  • Aging fleet / accident history
  • Aggressive contract reset risk

Who buys last-mile delivery?

Multi-route operator, PE-backed delivery platform, or strategic 3PL

Typical timeline + revenue band

  • Days to close: 60150
  • Revenue band these multiples apply to: $1.00M$5.00M
  • NAICS: 492110 (Transportation)

5 levers that lift your Last-Mile Delivery multiple by 30-50%

  1. 1
    Lock in recurring revenue
    Convert the top of your last-mile delivery revenue stack into multi-year contracts, retainers, or auto-renewing subscriptions. Buyers pay 25-40% more for revenue they don't have to re-win every quarter.
  2. 2
    De-risk customer concentration
    Aim for no single customer above 15% of revenue. If you have a > 25% client, get them on a multi-year master services agreement before going to market.
  3. 3
    Document the business out of the owner
    Multi-route operator, PE-backed delivery platform, or strategic 3PL will discount aggressively for any function that lives in the owner's head — sales, key vendor relationships, pricing, hiring. Run the next 90 days like the owner is on a 6-week vacation.
  4. 4
    Clean up the financials
    Get a Quality of Earnings-ready trailing 12 months: GAAP-aligned, owner add-backs documented, no commingled personal expenses. This alone moves the multiple 0.5-1.0× upward in this category.
  5. 5
    Match the deal to the right buyer pool
    PE-backed roll-ups, strategic acquirers, and ETA buyers compete on different terms. List with someone who has run a process for last-mile delivery acquisitions — generic SMB brokers will leave 20%+ on the table.
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FAQ — Last-Mile Delivery valuations

What's a typical last-mile delivery valuation multiple?

Typical last-mile delivery valuations land near 2.5× SDE, 4× EBITDA, or 0.6× revenue. Strong operators reach 3.2× SDE / 5× EBITDA / 0.85× revenue, while weaker operators stay closer to 2× SDE / 3.2× EBITDA / 0.5× revenue.

How long does it take to sell a last-mile delivery?

Most last-mile delivery deals close in 60–150 days from listing. Strong operators with clean financials and a documented buyer pool close on the lower end.

Who buys a last-mile delivery business?

Multi-route operator, PE-backed delivery platform, or strategic 3PL

What pushes a last-mile delivery valuation to the high end?

Amazon DSP / FedEx Ground territory rights. Multi-route portfolio. Driver retention > 70%. Documented safety record.

What forces a discount when selling a last-mile delivery?

Single-route / single-territory exposure. Driver turnover > 100% / yr. Aging fleet / accident history. Aggressive contract reset risk.