Our restaurant analyst, John Gordon of Pacific Management Consulting Group advised us of the following this week: Dunkin store valuations surveyed declined just a bit in the first half of 2017 versus the 2015 peak recorded, but remain at very healthy levels historically, in the 5 to 6 times EBITDA range when stated on a one unit basis. Large network valuations are higher. In the restaurant franchise space as a whole, single unit transaction multiples peaked in 2015 and are slightly down in 2017. However, the EBITDA valuation multiple premium for very large networks improved. Restaurant franchise brand multiples on a single unit basis range from 3 to 7 typically.