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| Multiple Type | California 2025 Range | Key Driver | Example |
| SDE Multiple | 2.0x - 3.0x | Cash Flow Stability | Urban QSR at 2.5x median |
| Revenue Multiple | 0.3x - 0.5x | Volume Trends | High-traffic independents at 0.42x |
| EBITDA Multiple | 3x - 5x | Scalability | Franchises in growth areas |