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Vending Machine Established Businesses For Sale

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A Passive Toy Vending Machine That Makes $54,000/Year in the U.S.?!

Barboursville, WV

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! Here’s everything you need to know about VENDTOYZ: WHAT YOU'RE GETTING $4,500+ monthly cashflow Prime locations with high foot traffic...

$30,000

Cash Flow: $54,000

3

$30,000

Cash Flow: $54,000

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A Passive Toy Vending Machine That Makes $54,000/Year in the U.S.?!

Longview, TX

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! Here’s everything you need to know about VENDTOYZ: WHAT YOU'RE GETTING $4,500+ monthly cashflow Prime locations with high foot traffic...

$30,000

Cash Flow: $54,000

3

$30,000

Cash Flow: $54,000

A Passive Toy Vending Machine That Makes $54,000/Year in the U.S.?!

Lake Jackson, TX

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! Here’s everything you need to know about VENDTOYZ: WHAT YOU'RE GETTING $4,500+ monthly cashflow Prime locations with high foot traffic...

$30,000

Cash Flow: $54,000

3

$30,000

Cash Flow: $54,000

A Passive Toy Vending Machine That Makes $54,000/Year in the U.S.?!

Amarillo, TX

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! Here’s everything you need to know about VENDTOYZ: WHAT YOU'RE GETTING $4,500+ monthly cashflow Prime locations with high foot traffic...

$30,000

Cash Flow: $54,000

3

$30,000

Cash Flow: $54,000

A Passive Toy Vending Machine That Makes $54,000/Year in the U.S.?!

Florence, SC

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! Here’s everything you need to know about VENDTOYZ: WHAT YOU'RE GETTING $4,500+ monthly cashflow Prime locations with high foot traffic...

$30,000

Cash Flow: $54,000

3

$30,000

Cash Flow: $54,000

A Passive Toy Vending Machine That Makes $54,000/Year in the U.S.?!

Hickory, NC

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! Here’s everything you need to know about VENDTOYZ: WHAT YOU'RE GETTING $4,500+ monthly cashflow Prime locations with high foot traffic...

$30,000

Cash Flow: $54,000

3

$30,000

Cash Flow: $54,000

A Passive Toy Vending Machine That Makes $54,000/Year in the U.S.?!

Gulfport, MS

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! Here’s everything you need to know about VENDTOYZ: WHAT YOU'RE GETTING $4,500+ monthly cashflow Prime locations with high foot traffic...

$30,000

Cash Flow: $54,000

3

$30,000

Cash Flow: $54,000

A Passive Toy Vending Machine That Makes $54,000/Year in the U.S.?!

Jackson, MI

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! Here’s everything you need to know about VENDTOYZ: WHAT YOU'RE GETTING $4,500+ monthly cashflow Prime locations with high foot traffic...

$30,000

Cash Flow: $54,000

3

$30,000

Cash Flow: $54,000

A Passive Toy Vending Machine That Makes $54,000/Year in the U.S.?!

Victorville, CA

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! Here’s everything you need to know about VENDTOYZ: WHAT YOU'RE GETTING $4,500+ monthly cashflow Prime locations with high foot traffic...

$30,000

Cash Flow: $54,000

3

$30,000

Cash Flow: $54,000

A Passive Toy Vending Machine That Makes $54,000/Year in the U.S.?!

Ventura, CA

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! Here’s everything you need to know about VENDTOYZ: WHAT YOU'RE GETTING $4,500+ monthly cashflow Prime locations with high foot traffic...

$30,000

Cash Flow: $54,000

3

$30,000

Cash Flow: $54,000

A Passive Toy Vending Machine That Makes $54,000/Year in the U.S.?!

Newark, CA

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! Here’s everything you need to know about VENDTOYZ: WHAT YOU'RE GETTING $4,500+ monthly cashflow Prime locations with high foot traffic...

$30,000

Cash Flow: $54,000

3

$30,000

Cash Flow: $54,000

Collectible Toy Vending - A Passive Income Machine! $4.5K+ Per Month

Toms River, NJ

BUSINESS AT A GLANCE MONTHLY CASH FLOW: $4,500+ - HIGH PROFIT MARGINS - LOCATIONS: Prime spots with high foot traffic - SUPPORT & TRAINING: Provided for a smooth transition ABOUT THE BUSINESS Want a...

$30,000

Cash Flow: $54,000

$30,000

Cash Flow: $54,000

Collectible Toy Vending - A Passive Income Machine! $4.5K+ Per Month

$30,000 - Sarasota, FL

$30,000

Sarasota, FL

Collectible Toy Vending - A Passive Income Machine! $4.5K+ Per Month

Lawrence Township, NJ

BUSINESS AT A GLANCE MONTHLY CASH FLOW: $4,500+ - HIGH PROFIT MARGINS - LOCATIONS: Prime spots with high foot traffic - SUPPORT & TRAINING: Provided for a smooth transition ABOUT THE BUSINESS Want a...

$30,000

Cash Flow: $54,000

$30,000

Cash Flow: $54,000

A Passive Toy Vending Machine That Makes $54,000/Year in the U.S.?!

Louisville, KY

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! Here’s everything you need to know about VENDTOYZ: WHAT YOU'RE GETTING $4,500+ monthly cashflow Prime locations with high foot traffic...

$30,000

Cash Flow: $54,000

3

$30,000

Cash Flow: $54,000

David Berman

Tower Business Brokers INC

Serving Broward County, FL

Tower Business Brokers, Inc. We specialize in the buying and selling of businesses and commercial real estate throughout Florida. The team at Tower Business Brokers, Inc. has over 35 years of business experience and have owned and operated many different companies in numerous industries. Our extensive business knowledge makes a difference when it comes to finding the right business to buy or when selling your business. Indeed, we work with all types of businesses and are especially experienced with home services businesses.

Contact Me >

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A Passive Toy Vending Machine That Makes $54,000/Year in the U.S.?!

Mesa, AZ

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! Here’s everything you need to know about VENDTOYZ: WHAT YOU'RE GETTING $4,500+ monthly cashflow Prime locations with high foot traffic...

$30,000

Cash Flow: $54,000

3

$30,000

Cash Flow: $54,000

A Passive Toy Vending Machine That Makes $54,000/Year in the U.S.?!

Niagara Falls, NY

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! Here’s everything you need to know about VENDTOYZ: WHAT YOU'RE GETTING $4,500+ monthly cashflow Prime locations with high foot traffic...

$30,000

Cash Flow: $54,000

3

$30,000

Cash Flow: $54,000

A Passive Toy Vending Machine That Makes $54,000/Year in the U.S.?!

Melbourne, FL

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! Here’s everything you need to know about VENDTOYZ: WHAT YOU'RE GETTING $4,500+ monthly cashflow Prime locations with high foot traffic...

$30,000

Cash Flow: $54,000

3

$30,000

Cash Flow: $54,000

A Passive Toy Vending Machine That Makes $54,000/Year in the U.S.?!

Jensen Beach, FL

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! Here’s everything you need to know about VENDTOYZ: WHAT YOU'RE GETTING $4,500+ monthly cashflow Prime locations with high foot traffic...

$30,000

Cash Flow: $54,000

3

$30,000

Cash Flow: $54,000

A Passive Toy Vending Machine That Makes $54,000/Year in the U.S.?!

Hialeah, FL

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! Here’s everything you need to know about VENDTOYZ: WHAT YOU'RE GETTING $4,500+ monthly cashflow Prime locations with high foot traffic...

$30,000

Cash Flow: $54,000

3

$30,000

Cash Flow: $54,000

A Passive Toy Vending Machine That Makes $54,000/Year in the U.S.?!

Coral Springs, FL

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! Here’s everything you need to know about VENDTOYZ: WHAT YOU'RE GETTING $4,500+ monthly cashflow Prime locations with high foot traffic...

$30,000

Cash Flow: $54,000

3

$30,000

Cash Flow: $54,000

Collectible Toy Vending - A Passive Income Machine! $4.5K+ Per Month

Waterloo, NY

BUSINESS AT A GLANCE MONTHLY CASH FLOW: $4,500+ - HIGH PROFIT MARGINS - LOCATIONS: Prime spots with high foot traffic - SUPPORT & TRAINING: Provided for a smooth transition ABOUT THE BUSINESS Want a...

$30,000

Cash Flow: $54,000

$30,000

Cash Flow: $54,000

Collectible Toy Vending - A Passive Income Machine! $4.5K+ Per Month

$30,000 - Portland, ME

$30,000

Portland, ME

Collectible Toy Vending - A Passive Income Machine! $4.5K+ Per Month

Miramar Beach, FL

BUSINESS AT A GLANCE MONTHLY CASH FLOW: $4,500+ - HIGH PROFIT MARGINS - LOCATIONS: Prime spots with high foot traffic - SUPPORT & TRAINING: Provided for a smooth transition ABOUT THE BUSINESS Want a...

$30,000

Cash Flow: $54,000

$30,000

Cash Flow: $54,000

Collectible Toy Vending - A Passive Income Machine! $4.5K+ Per Month

Pensacola, FL

BUSINESS AT A GLANCE MONTHLY CASH FLOW: $4,500+ - HIGH PROFIT MARGINS - LOCATIONS: Prime spots with high foot traffic - SUPPORT & TRAINING: Provided for a smooth transition ABOUT THE BUSINESS Want a...

$30,000

Cash Flow: $54,000

$30,000

Cash Flow: $54,000

Collectible Toy Vending - A Passive Income Machine! $4.5K+ Per Month

Chandler, AZ

BUSINESS AT A GLANCE MONTHLY CASH FLOW: $4,500+ - HIGH PROFIT MARGINS - LOCATIONS: Prime spots with high foot traffic - SUPPORT & TRAINING: Provided for a smooth transition ABOUT THE BUSINESS Want a...

$30,000

Cash Flow: $54,000

$30,000

Cash Flow: $54,000

Collectible Toy Vending - A Passive Income Machine! $4.5K+ Per Month

Tucson, AZ

BUSINESS AT A GLANCE MONTHLY CASH FLOW: $4,500+ - HIGH PROFIT MARGINS - LOCATIONS: Prime spots with high foot traffic - SUPPORT & TRAINING: Provided for a smooth transition ABOUT THE BUSINESS Want a...

$30,000

Cash Flow: $54,000

$30,000

Cash Flow: $54,000

A Passive Toy Vending Machine That Makes $54,000/Year in the U.S.?!

Ontario, CA

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! Here’s everything you need to know about VENDTOYZ: WHAT YOU'RE GETTING $4,500+ monthly cashflow Prime locations with high foot traffic...

$30,000

Cash Flow: $54,000

3

$30,000

Cash Flow: $54,000

Collectible Toy Vending - A Passive Income Machine! $4.5K+ Per Month

Niagara Falls, NY

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! BUSINESS AT A GLANCE MONTHLY CASH FLOW: $4,500+ - HIGH PROFIT MARGINS - LOCATIONS: Prime spots with high foot traffic - SUPPORT &...

$30,000

Cash Flow: $54,000

$30,000

Cash Flow: $54,000

Collectible Toy Vending - A Passive Income Machine! $4.5K+ Per Month

Parkersburg, WV

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! BUSINESS AT A GLANCE MONTHLY CASH FLOW: $4,500+ - HIGH PROFIT MARGINS - LOCATIONS: Prime spots with high foot traffic - SUPPORT &...

$30,000

Cash Flow: $54,000

$30,000

Cash Flow: $54,000

Collectible Toy Vending - A Passive Income Machine! $4.5K+ Per Month

Melbourne, FL

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! BUSINESS AT A GLANCE MONTHLY CASH FLOW: $4,500+ - HIGH PROFIT MARGINS - LOCATIONS: Prime spots with high foot traffic - SUPPORT &...

$30,000

Cash Flow: $54,000

$30,000

Cash Flow: $54,000

Collectible Toy Vending - A Passive Income Machine! $4.5K+ Per Month

Jensen Beach, FL

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! BUSINESS AT A GLANCE MONTHLY CASH FLOW: $4,500+ - HIGH PROFIT MARGINS - LOCATIONS: Prime spots with high foot traffic - SUPPORT &...

$30,000

Cash Flow: $54,000

$30,000

Cash Flow: $54,000

Collectible Toy Vending - A Passive Income Machine! $4.5K+ Per Month

$30,000 - Saint Matthews, KY

$30,000

Saint Matthews, KY

Collectible Toy Vending - A Passive Income Machine! $4.5K+ Per Month

Hialeah, FL

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! BUSINESS AT A GLANCE MONTHLY CASH FLOW: $4,500+ - HIGH PROFIT MARGINS - LOCATIONS: Prime spots with high foot traffic - SUPPORT &...

$30,000

Cash Flow: $54,000

$30,000

Cash Flow: $54,000

Collectible Toy Vending - A Passive Income Machine! $4.5K+ Per Month

Coral Springs, FL

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! BUSINESS AT A GLANCE MONTHLY CASH FLOW: $4,500+ - HIGH PROFIT MARGINS - LOCATIONS: Prime spots with high foot traffic - SUPPORT &...

$30,000

Cash Flow: $54,000

$30,000

Cash Flow: $54,000

Collectible Toy Vending - A Passive Income Machine! $4.5K+ Per Month

Victorville, CA

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! BUSINESS AT A GLANCE MONTHLY CASH FLOW: $4,500+ - HIGH PROFIT MARGINS - LOCATIONS: Prime spots with high foot traffic - SUPPORT &...

$30,000

Cash Flow: $54,000

$30,000

Cash Flow: $54,000

Collectible Toy Vending - A Passive Income Machine! $4.5K+ Per Month

Ventura, CA

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! BUSINESS AT A GLANCE MONTHLY CASH FLOW: $4,500+ - HIGH PROFIT MARGINS - LOCATIONS: Prime spots with high foot traffic - SUPPORT &...

$30,000

Cash Flow: $54,000

$30,000

Cash Flow: $54,000

Collectible Toy Vending - A Passive Income Machine! $4.5K+ Per Month

Newark, CA

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! BUSINESS AT A GLANCE MONTHLY CASH FLOW: $4,500+ - HIGH PROFIT MARGINS - LOCATIONS: Prime spots with high foot traffic - SUPPORT &...

$30,000

Cash Flow: $54,000

$30,000

Cash Flow: $54,000

High Dollar Vending Location in San Antonio!

San Antonio, TX

Explore a lucrative investment opportunity with a high value vending location in San Antonio! Gain exclusive access to this prime spot that features brand-new, state-of-the-art vending machines...

$78,225

$78,225

Collectible Toy Vending - A Passive Income Machine! $4.5K+ Per Month

Wichita, KS

BUSINESS AT A GLANCE MONTHLY CASH FLOW: $4,500+ - HIGH PROFIT MARGINS - LOCATIONS: Prime spots with high foot traffic - SUPPORT & TRAINING: Provided for a smooth transition ABOUT THE BUSINESS Want a...

$30,000

Cash Flow: $54,000

$30,000

Cash Flow: $54,000

Frank Perez-Andreu

Keller Williams Realty

Serving St. Johns County, FL

Contact Me >

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Profitable Hands-Free Vending Biz: $1500-$3000pm NET Passive Income

DuPage County, IL

BUSINESS AT A GLANCE ? Monthly Cash Flow: 500% mark up, $4,000+ p/m revenue* ? Premium Locations: Data backed, high foot traffic locations in premium retail spaces ? Fully Managed & Automated: Minimal...

$30,000

Cash Flow: $54,000

$30,000

Cash Flow: $54,000

Collectible Toy Vending - A Passive Income Machine! $4.5K+ Per Month

Missoula, MT

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! BUSINESS AT A GLANCE MONTHLY CASH FLOW: $4,500+ - HIGH PROFIT MARGINS - LOCATIONS: Prime spots with high foot traffic - SUPPORT &...

$30,000

Cash Flow: $54,000

$30,000

Cash Flow: $54,000

Collectible Toy Vending - A Passive Income Machine! $4.5K+ Per Month

$30,000 - Albuquerque, NM

$30,000

Albuquerque, NM

Collectible Toy Vending - A Passive Income Machine! $4.5K+ Per Month

Strongsville, OH

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! BUSINESS AT A GLANCE MONTHLY CASH FLOW: $4,500+ - HIGH PROFIT MARGINS - LOCATIONS: Prime spots with high foot traffic - SUPPORT &...

$30,000

Cash Flow: $54,000

$30,000

Cash Flow: $54,000

Collectible Toy Vending - A Passive Income Machine! $4.5K+ Per Month

Maryville, TN

BUSINESS AT A GLANCE MONTHLY CASH FLOW: $4,500+ - HIGH PROFIT MARGINS - LOCATIONS: Prime spots with high foot traffic - SUPPORT & TRAINING: Provided for a smooth transition ABOUT THE BUSINESS Want a...

$30,000

Cash Flow: $54,000

$30,000

Cash Flow: $54,000

Collectible Toy Vending - A Passive Income Machine! $4.5K+ Per Month

Valdosta, GA

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! BUSINESS AT A GLANCE MONTHLY CASH FLOW: $4,500+ - HIGH PROFIT MARGINS - LOCATIONS: Prime spots with high foot traffic - SUPPORT &...

$30,000

Cash Flow: $54,000

$30,000

Cash Flow: $54,000

Collectible Toy Vending - A Passive Income Machine! $4.5K+ Per Month

Bowling Green, KY

READY-TO-GO SITE WITH LEASE IN PLACE — QUICK LAUNCH GUARANTEED! BUSINESS AT A GLANCE MONTHLY CASH FLOW: $4,500+ - HIGH PROFIT MARGINS - LOCATIONS: Prime spots with high foot traffic - SUPPORT &...

$30,000

Cash Flow: $54,000

$30,000

Cash Flow: $54,000

Collectible Toy Vending - A Passive Income Machine! $4.5K+ Per Month

Memphis, TN

BUSINESS AT A GLANCE MONTHLY CASH FLOW: $4,500+ - HIGH PROFIT MARGINS - LOCATIONS: Prime spots with high foot traffic - SUPPORT & TRAINING: Provided for a smooth transition ABOUT THE BUSINESS Want a...

$30,000

Cash Flow: $54,000

$30,000

Cash Flow: $54,000

Turnkey Low-Maintenance Water & Ice Vending Business

El Paso, TX

Established water and ice vending business offering a turnkey passive income opportunity in El Paso, TX. This low-maintenance operation has been successfully serving customers since 2022, generating...

$58,000

3

$58,000

Pair of Turnkey Ice Cream Vending Machines/Business in Palisades Mall

West Nyack, NY

Turnkey frozen yogurt and dessert business located in one of New York’s busiest malls — Palisades Center Mall — with two fully automated Reis & Irvy’s robotic frozen yogurt vending machines and a...

4

$42,000

$42,000

Cash Flow: $30,000

Micro Market Location for Sale- Turn Key

Jackson, TN

Established vending and micro-market location ready to sell. 1 market with new coolers, stands, kiosks and coffee equipment. The kiosk is a Parlevel model and is new with warranty. The account is...

$110,000

$110,000

Cash Flow: $60,000

lucrative established Vending machine business

Established, Modernized Vending Business for Sale A Rare Opportunity to Own a Fully Automated, High-Revenue Operation This is not a typical vending route. It is a highly automated, fully modernized,...

Not Disclosed

Not Disclosed

EBITDA: $608,000

Front Range Vending Company

Vending machine operators provide and service automated machines that sell merchandise – primarily snack foods, soft drinks, ice cream, and other goods. This business has cloud connected machines...

$1,750,000

$1,750,000

Cash Flow: $454,793

Established Vending Route - Private University

Riverside County, CA

Turnkey vending route located on a private university campus with a consistently growing student and staff population. The business includes seven combo vending machines — (five USI ST5000 units, one...

6

$39,995

$39,995

Buy or Sell a Vending Machine Business

One of the most attractive features of the vending machine business is its high-profit margins. The initial cost of purchasing these businesses can be recouped relatively quickly, thanks to the significant markup on vended products.

Operating a vending machine business comes with minimal overhead costs. Unlike traditional retail stores that require staffing and utilities, vending machines operate independently, reducing the need for constant human oversight. Maintenance and restocking are the primary ongoing expenses, which can often be managed with a part-time role.

If you are looking to buy or sell a vending machine business, you will need to understand how these businesses are expected to perform financially, and how they are valued in the business for sale market. To provide some context, we have aggregated and analyzed vending machine business for sale listing data to uncover average financials, and valuation metrics.


Market Overview

Number of Businesses Analyzed  

305

Median Asking Price  

$147,900

Median Reported Revenue  

$188,781

Median Reported Earnings  

$112,473

Financials based on businesses that listed an asking price, annual revenue, and seller's discretionary earnings.


Vending Machine Business Valuation Multiples

Range

Revenue

Earnings (SDE)

Lower Quartile

0.58

1.03

Median

0.77

1.45

Upper Quartile

1.03

2.21

Revenue and earnings multiples based on reported revenue, seller's discretionary earnings, and asking price.


Read the Report:

Vending Machine Business Valuation Multiples and Financial Benchmarks


FAQs

How much does it cost to buy a vending machine business?

Prices vary depending on the number of locations and profitability, but the median asking price for a vending machine business in the U.S. is approximately $$147,900.

How much do vending machine owners earn?

Vending machine businesses vary in size, but owners report median annual sales of $188,781 and annual owner earnings of $112,473. These figures are based on businesses that have listed their annual revenue and seller's discretionary earnings.

How do I value a vending machine business?

Valuing a vending machine business involves considering several factors, including number of machines, their locations, annual sales, profit, and growth (or decline) trends. Brokers, business owners, and business buyers will typically rely on valuation multiples to gauge business value relative to similar businesses in the market. Revenue multiples among vending machine businesses range from 0.58 to 1.03, with the median at 0.77. Earnings multiples range from 1.03 to 2.21, with the median at 1.45. These values suggest the average vending machine business in the U.S. may sell for around 0.77 times its annual revenue, and 1.45 times its annual owner’s earnings.


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