Looking at a company in healthcare with 1.5m EBITDA - a franchise with multiple units and potential to continue to expand the number of units and revenue per unit. Is it fair to look at this deal with as a 5x multiple price or should there be a discount for being part of a franchise? say 3.5x instead of 5x?

What are typical exit multiples for a franchise operator with $1m+ in EBITDA?