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Gray County

Selling a Business in Gray County

Gray County has 509 employer businesses, and 88% of them have fewer than 20 employees. This page shows the local mix of industries and how a sale is handled here. The largest industries here are retail and repair, personal care and other services.

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LOCAL SNAPSHOT

Gray County by the numbers

509

EMPLOYER BUSINESSES

88%

SMALL EMPLOYER SHARE

1,477

BUSINESSES WITH NO EMPLOYEES

5,990

EMPLOYMENT

$315 million

ANNUAL PAYROLL

241

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 Gray County compares

Gray County ranks 106th of 254 Texas counties and county equivalents for employer businesses.
The number of employer businesses fell 7.3% between 2018 and 2023.
Mining and oil and gas makes up 7% of employer businesses in Gray County, compared with 1% in Texas.
241 employer businesses here have 5 to 49 employees.

Gray County ranks 106th of 254 Texas counties and county equivalents for employer businesses.
The number of employer businesses fell 7.3% between 2018 and 2023.
Mining and oil and gas makes up 7% of employer businesses in Gray County, compared with 1% in Texas.
241 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

Retail: 80 employer businesses
Repair, personal care and other services: 60 employer businesses
Accommodation and food service: 50 employer businesses
Health care and social assistance: 45 employer businesses
Finance and insurance: 40 employer businesses

The largest industries by number of employer businesses:

Retail: 80 employer businesses
Repair, personal care and other services: 60 employer businesses
Accommodation and food service: 50 employer businesses
Health care and social assistance: 45 employer businesses
Finance and insurance: 40 employer businesses

INDUSTRIES

What sells in Gray County

Retail, repair, personal care and other services, accommodation and food service, health care and social assistance

Electronics & Repair

Retail Stores

Fashion, Apparel & Jewelry

Retail Stores

Barber Shops

Beauty & Personal Care

Day Spas

Beauty & Personal Care

Auto Parts

Automotive & Boat

Auto Repair

Automotive & Boat

Every kind of business we sell in Gray County

These are the industries in Gray County and the number of employer businesses in each. 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

47 related employer businesses in Gray County.

Full-Service Restaurants: 20 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Quick-Service & Fast Food: 16 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Coffee Shops: 8 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Liquor, Wine & Beer Stores: 3 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.

Financial & Professional Services

29 related employer businesses in Gray County.

Insurance Agencies: 13 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.
Accounting & Tax Practices: 7 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Private Lending: 5 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Wealth Management: 4 employer businesses here. Typical sale multiple: 2.7x - 4.0x Recurring Revenue.

Retail Stores

28 related employer businesses in Gray County.

Fashion, Apparel & Jewelry: 13 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE + Inventory.
Hardware, Garden & Building: 7 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Home Decor & Furniture: 5 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.

Construction & Engineering

27 related employer businesses in Gray County.

Roofing & Siding: 7 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Landscaping: 6 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Plumbing: 6 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 6 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.
Foundation & Site Prep: 4 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Electrical: 4 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

Energy & Utilities

20 related employer businesses in Gray County.

Oil & Gas Services: 20 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA + Equipment.

Logistics & Transportation

19 related employer businesses in Gray County.

General Freight Trucking: 15 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.
Heavy Haul Transport: 4 employer businesses here. Typical sale multiple: 3.5x - 4.5x SDE.

Medical Practices

18 related employer businesses in Gray County.

Primary & Family Care: 9 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.
Physical Therapy & Rehab: 3 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Veterinary Medicine: 3 employer businesses here. Typical sale multiple: 6.0x - 9.0x EBITDA.

Automotive & Boat

13 related employer businesses in Gray County.

Auto Parts: 6 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.
Car Dealerships: 4 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.
Collision Repair: 3 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

Wholesale & Distribution

12 related employer businesses in Gray County.

Industrial & Construction Supply: 12 employer businesses here. Typical sale multiple: 3.0x - 4.0x SDE.

Gas Stations & Convenience

11 related employer businesses in Gray County.

Gas Stations: 11 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.

Hospitality & Travel

5 related employer businesses in Gray County.

Hotels: 5 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.
Motels: 5 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

Education & Childcare

4 related employer businesses in Gray County.

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

Senior Care & Living

3 related employer businesses in Gray County.

Non-Medical Home Care: 3 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

Restaurants & Food

47 related employer businesses in Gray County.

Full-Service Restaurants: 20 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Quick-Service & Fast Food: 16 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Coffee Shops: 8 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Liquor, Wine & Beer Stores: 3 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.

Financial & Professional Services

29 related employer businesses in Gray County.

Insurance Agencies: 13 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.
Accounting & Tax Practices: 7 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Private Lending: 5 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Wealth Management: 4 employer businesses here. Typical sale multiple: 2.7x - 4.0x Recurring Revenue.

Retail Stores

28 related employer businesses in Gray County.

Fashion, Apparel & Jewelry: 13 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE + Inventory.
Hardware, Garden & Building: 7 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Home Decor & Furniture: 5 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.

Construction & Engineering

27 related employer businesses in Gray County.

Roofing & Siding: 7 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Landscaping: 6 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Plumbing: 6 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 6 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.
Foundation & Site Prep: 4 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Electrical: 4 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

Energy & Utilities

20 related employer businesses in Gray County.

Oil & Gas Services: 20 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA + Equipment.

Logistics & Transportation

19 related employer businesses in Gray County.

General Freight Trucking: 15 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.
Heavy Haul Transport: 4 employer businesses here. Typical sale multiple: 3.5x - 4.5x SDE.

Medical Practices

18 related employer businesses in Gray County.

Primary & Family Care: 9 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.
Physical Therapy & Rehab: 3 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Veterinary Medicine: 3 employer businesses here. Typical sale multiple: 6.0x - 9.0x EBITDA.

Automotive & Boat

13 related employer businesses in Gray County.

Auto Parts: 6 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.
Car Dealerships: 4 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.
Collision Repair: 3 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

Wholesale & Distribution

12 related employer businesses in Gray County.

Industrial & Construction Supply: 12 employer businesses here. Typical sale multiple: 3.0x - 4.0x SDE.

Gas Stations & Convenience

11 related employer businesses in Gray County.

Gas Stations: 11 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.

Hospitality & Travel

5 related employer businesses in Gray County.

Hotels: 5 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.
Motels: 5 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

Education & Childcare

4 related employer businesses in Gray County.

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

Senior Care & Living

3 related employer businesses in Gray County.

Non-Medical Home Care: 3 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

Working with owners in Gray County

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

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FREQUENTLY ASKED QUESTIONS

Questions owners in Gray County ask

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

The time depends on the price, the quality of the records and the number of qualified buyers.

How is a business valued in Gray 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 Gray 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