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Gogebic County

Selling a Business in Gogebic County

Gogebic County has 365 employer businesses, and 90% of them have fewer than 20 employees. This page shows the local mix of industries and how a sale is handled here.

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LOCAL SNAPSHOT

Gogebic County by the numbers

365

EMPLOYER BUSINESSES

90%

SMALL EMPLOYER SHARE

896

BUSINESSES WITH NO EMPLOYEES

4,072

EMPLOYMENT

$146 million

ANNUAL PAYROLL

143

BUSINESSES WITH 5 TO 49 EMPLOYEES

U.S. Census Bureau, County Business Patterns 2023 and Nonemployer Statistics 2024. Counts are employer establishments, meaning business locations with paid employees.

How Gogebic County compares

Gogebic County ranks 67th of 83 Michigan counties and county equivalents for employer businesses.
The number of employer businesses grew 0.3% between 2018 and 2023.
Agriculture, forestry and fishing makes up 4% of employer businesses in Gogebic County, compared with 0% in Michigan.
143 employer businesses here have 5 to 49 employees.

Gogebic County ranks 67th of 83 Michigan counties and county equivalents for employer businesses.
The number of employer businesses grew 0.3% between 2018 and 2023.
Agriculture, forestry and fishing makes up 4% of employer businesses in Gogebic County, compared with 0% in Michigan.
143 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

Retail: 66 employer businesses
Accommodation and food service: 47 employer businesses
Repair, personal care and other services: 42 employer businesses
Construction: 37 employer businesses
Health care and social assistance: 30 employer businesses

The largest industries by number of employer businesses:

Retail: 66 employer businesses
Accommodation and food service: 47 employer businesses
Repair, personal care and other services: 42 employer businesses
Construction: 37 employer businesses
Health care and social assistance: 30 employer businesses

INDUSTRIES

What sells in Gogebic County

Retail, accommodation and food service, repair, personal care and other services, construction

Electronics & Repair

Retail Stores

Fashion, Apparel & Jewelry

Retail Stores

Bakeries

Restaurants & Food

Coffee Shops

Restaurants & Food

Bed & Breakfasts / Inns

Hospitality & Travel

Campgrounds & RV Parks

Hospitality & Travel

Every kind of business we sell in Gogebic County

We sell businesses in every one of these industries in Gogebic County. Counts are employer businesses in the closest Census industry codes. Industries without a clean Census match are listed without a count, and a few industries share one Census category, so their counts match. A sale multiple is the price a business typically sells for as a multiple of its earnings. SDE means seller's discretionary earnings, which is the owner's pay plus the profit of the business. EBITDA means earnings before interest, taxes, depreciation and amortization.

Restaurants & Food

37 related employer businesses in Gogebic County.

Full-Service Restaurants: 20 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Quick-Service & Fast Food: 6 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Coffee Shops: 4 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Bakeries: 4 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Grocery Stores & Markets: 3 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.

Construction & Engineering

30 related employer businesses in Gogebic County.

General Contracting: 11 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Foundation & Site Prep: 8 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Electrical: 5 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Interior Finishing: 3 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Landscaping: 3 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

Financial & Professional Services

25 related employer businesses in Gogebic County.

Accounting & Tax Practices: 9 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Insurance Agencies: 8 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.
Real Estate Brokerages: 4 employer businesses here. Typical sale multiple: 2.5x - 4.5x SDE.
Wealth Management: 4 employer businesses here. Typical sale multiple: 2.7x - 4.0x Recurring Revenue.

Retail Stores

18 related employer businesses in Gogebic County.

Hardware, Garden & Building: 8 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Sporting Goods & Firearms: 4 employer businesses here. Typical sale multiple: 2.3x - 3.4x SDE.
Home Decor & Furniture: 3 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE + Inventory.
Health, Beauty & Pharmacy: 3 employer businesses here. Typical sale multiple: 2.8x - 4.2x EBITDA.

Automotive & Boat

14 related employer businesses in Gogebic County.

Auto Repair: 6 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.
Auto Parts: 5 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.
Collision Repair: 3 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

Hospitality & Travel

12 related employer businesses in Gogebic County.

Hotels: 12 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.
Motels: 12 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

Gas Stations & Convenience

10 related employer businesses in Gogebic County.

Gas Stations: 10 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.

Medical Practices

10 related employer businesses in Gogebic County.

Primary & Family Care: 4 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE.
Dental Practices: 3 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Home Health & Hospice: 3 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Manufacturing

9 related employer businesses in Gogebic County.

Wood & Furniture Manufacturing: 5 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Food & Beverage Manufacturing: 4 employer businesses here. Typical sale multiple: 3.1x - 4.5x SDE.

Logistics & Transportation

5 related employer businesses in Gogebic County.

General Freight Trucking: 5 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.

Education & Childcare

4 related employer businesses in Gogebic County.

Daycare Centers: 4 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

Entertainment & Recreation

4 related employer businesses in Gogebic County.

Bars & Pubs: 4 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Clubs & Lounges: 4 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

Home Services

3 related employer businesses in Gogebic County.

Property Management: 3 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

Pharmacies & Medical Supply

3 related employer businesses in Gogebic County.

Home Infusion: 3 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.

Restaurants & Food

37 related employer businesses in Gogebic County.

Full-Service Restaurants: 20 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Quick-Service & Fast Food: 6 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Coffee Shops: 4 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Bakeries: 4 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Grocery Stores & Markets: 3 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.

Construction & Engineering

30 related employer businesses in Gogebic County.

General Contracting: 11 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Foundation & Site Prep: 8 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Electrical: 5 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Interior Finishing: 3 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Landscaping: 3 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

Financial & Professional Services

25 related employer businesses in Gogebic County.

Accounting & Tax Practices: 9 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Insurance Agencies: 8 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.
Real Estate Brokerages: 4 employer businesses here. Typical sale multiple: 2.5x - 4.5x SDE.
Wealth Management: 4 employer businesses here. Typical sale multiple: 2.7x - 4.0x Recurring Revenue.

Retail Stores

18 related employer businesses in Gogebic County.

Hardware, Garden & Building: 8 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Sporting Goods & Firearms: 4 employer businesses here. Typical sale multiple: 2.3x - 3.4x SDE.
Home Decor & Furniture: 3 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE + Inventory.
Health, Beauty & Pharmacy: 3 employer businesses here. Typical sale multiple: 2.8x - 4.2x EBITDA.

Automotive & Boat

14 related employer businesses in Gogebic County.

Auto Repair: 6 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.
Auto Parts: 5 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.
Collision Repair: 3 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

Hospitality & Travel

12 related employer businesses in Gogebic County.

Hotels: 12 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.
Motels: 12 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

Gas Stations & Convenience

10 related employer businesses in Gogebic County.

Gas Stations: 10 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.

Medical Practices

10 related employer businesses in Gogebic County.

Primary & Family Care: 4 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE.
Dental Practices: 3 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Home Health & Hospice: 3 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Manufacturing

9 related employer businesses in Gogebic County.

Wood & Furniture Manufacturing: 5 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Food & Beverage Manufacturing: 4 employer businesses here. Typical sale multiple: 3.1x - 4.5x SDE.

Logistics & Transportation

5 related employer businesses in Gogebic County.

General Freight Trucking: 5 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.

Education & Childcare

4 related employer businesses in Gogebic County.

Daycare Centers: 4 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

Entertainment & Recreation

4 related employer businesses in Gogebic County.

Bars & Pubs: 4 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Clubs & Lounges: 4 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

Home Services

3 related employer businesses in Gogebic County.

Property Management: 3 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

Pharmacies & Medical Supply

3 related employer businesses in Gogebic County.

Home Infusion: 3 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.

Working with owners in Gogebic County

Business Advisors of America works with owners who are selling a business in Gogebic County. Contact us to talk about a sale.

Get a Free Valuation

FREQUENTLY ASKED QUESTIONS

Questions owners in Gogebic County ask

How long does it take to sell a business in Gogebic County?

The time depends on the price, the quality of the records and the number of qualified buyers. Many sales take six months or longer from the start of the process to closing.

How is a business valued in Gogebic County?

Valuation starts with the earnings the business produces for an owner, then adjusts for assets, size, industry and the terms a buyer is likely to accept. The result is a range, and the asking price is set inside it.

Is the sale confidential?

Buyers are asked to sign a non-disclosure agreement before they see the name of the business or its financial statements.

FROM OUR BLOG

Guides for owners in Gogebic County

October 3, 2025

Business Owners

Add-Backs: What Counts, What Does Not, and What Buyers Push Back On

Every add-back you can prove raises your sale price by two to three times its amount. Every add-back you cannot prove costs you credibility on all the others.

Read article

October 3, 2025

Business Owners

Add-Backs: What Counts, What Does Not, and What Buyers Push Back On

Every add-back you can prove raises your sale price by two to three times its amount. Every add-back you cannot prove costs you credibility on all the others.

Read article

March 5, 2026

Business Owners

Buyer Qualification: How We Screen Out the Buyers Who Cannot Close

Most inquiries on a business listing come from people who cannot close. Here is how they get screened out before they see your name or your financials.

Read article

March 5, 2026

Business Owners

Buyer Qualification: How We Screen Out the Buyers Who Cannot Close

Most inquiries on a business listing come from people who cannot close. Here is how they get screened out before they see your name or your financials.

Read article

February 9, 2026

Business Owners

The Confidential Information Memorandum: What Goes In It and Why

The CIM is the document a buyer reads before they decide to spend time on your business. Here is what it has to contain and the mistakes that cost sellers offers.

Read article

February 9, 2026

Business Owners

The Confidential Information Memorandum: What Goes In It and Why

The CIM is the document a buyer reads before they decide to spend time on your business. Here is what it has to contain and the mistakes that cost sellers offers.

Read article