EBITDA multiples for motor oil/lube distribution business.

Warren Buffett says, “People who use EBITDA are either trying to con you or they’re conning themselves.” Charlie Munger, Buffett’s right-hand man, goes even further: “I think that, every time you see the word EBITDA, you should substitute the word ‘bullshit’" Strong words from some of the most successful businessmen on the planet.

That's a very specific ask but generally, distribution business don't have much differentiation and are smaller than their stated revenues since the goods they distribute pass through Revenue and COGS. So you may have a tiny business with thin overhead but high margin on your hands. There is good and bad with that. Also, I would look at any CapEx costs in case you own vehicles. You need to subtract out the cost of refreshing your CapEx from the EBITDA to get a true proxy for cash flow. So while only an opinion, I generally knock one turn off these businesses from the market standard to compensate for the limited differentiation and thin staffing.