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Hot Springs County

Selling a Business in Hot Springs County

Hot Springs County has 182 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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Areas in Wyoming

Albany County

Big Horn County

Campbell County

Carbon County

Casper

Cheyenne

Converse County

Crook County

Fremont County

Goshen County

Hot Springs County

Johnson County

Lincoln County

Park County

Platte County

Sheridan County

Sublette County

Sweetwater County

Teton County

Uinta County

Washakie County

Weston County

LOCAL SNAPSHOT

Hot Springs County by the numbers

182

182

EMPLOYER BUSINESSES

90%

90%

SMALL EMPLOYER SHARE

468

468

BUSINESSES WITH NO EMPLOYEES

1,424

1,424

EMPLOYMENT

$74 million

$74 million

ANNUAL PAYROLL

77

77

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 Hot Springs County compares

  • Hot Springs County ranks 22nd of 23 Wyoming counties and county equivalents for employer businesses.

  • The number of employer businesses grew 6.4% between 2018 and 2023.

  • Mining and oil and gas makes up 6% of employer businesses in Hot Springs County, compared with 2% in Wyoming.

  • 77 employer businesses here have 5 to 49 employees.

  • Hot Springs County ranks 22nd of 23 Wyoming counties and county equivalents for employer businesses.

  • The number of employer businesses grew 6.4% between 2018 and 2023.

  • Mining and oil and gas makes up 6% of employer businesses in Hot Springs County, compared with 2% in Wyoming.

  • 77 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

  • Accommodation and food service: 23 employer businesses

  • Construction: 23 employer businesses

  • Professional and technical services: 20 employer businesses

  • Retail: 19 employer businesses

  • Repair, personal care and other services: 18 employer businesses

The largest industries by number of employer businesses:

  • Accommodation and food service: 23 employer businesses

  • Construction: 23 employer businesses

  • Professional and technical services: 20 employer businesses

  • Retail: 19 employer businesses

  • Repair, personal care and other services: 18 employer businesses

INDUSTRIES

What sells in Hot Springs County

Accommodation and food service, construction, professional and technical services, retail

Bakeries

Restaurants & Food

Coffee Shops

Restaurants & Food

Bed & Breakfasts / Inns

Hospitality & Travel

Campgrounds & RV Parks

Hospitality & Travel

Carpentry & Framing

Construction & Engineering

Civil Engineering

Construction & Engineering

Every kind of business we sell in Hot Springs County

We sell businesses in every one of these industries in Hot Springs 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.

Construction & Engineering

14 related employer businesses in Hot Springs County.

  • General Contracting: 6 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Foundation & Site Prep: 5 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Electrical: 3 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

Financial & Professional Services

12 related employer businesses in Hot Springs County.

Restaurants & Food

10 related employer businesses in Hot Springs County.

Logistics & Transportation

8 related employer businesses in Hot Springs County.

Hospitality & Travel

6 related employer businesses in Hot Springs County.

  • Hotels: 6 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 6 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

Energy & Utilities

4 related employer businesses in Hot Springs County.

  • Oil & Gas Services: 4 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA + Equipment.

Automotive & Boat

3 related employer businesses in Hot Springs County.

  • Auto Repair: 3 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

Medical Practices

3 related employer businesses in Hot Springs County.

We sell businesses in every one of these industries in Hot Springs 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.

Construction & Engineering

14 related employer businesses in Hot Springs County.

  • General Contracting: 6 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Foundation & Site Prep: 5 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Electrical: 3 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

Financial & Professional Services

12 related employer businesses in Hot Springs County.

Restaurants & Food

10 related employer businesses in Hot Springs County.

Logistics & Transportation

8 related employer businesses in Hot Springs County.

Hospitality & Travel

6 related employer businesses in Hot Springs County.

  • Hotels: 6 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 6 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

Energy & Utilities

4 related employer businesses in Hot Springs County.

  • Oil & Gas Services: 4 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA + Equipment.

Automotive & Boat

3 related employer businesses in Hot Springs County.

  • Auto Repair: 3 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

Medical Practices

3 related employer businesses in Hot Springs County.

Working with owners in Hot Springs County

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

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FREQUENTLY ASKED QUESTIONS

Questions owners in Hot Springs County ask

How long does it take to sell a business in Hot Springs 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.

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How is a business valued in Hot Springs 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.

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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.

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FROM OUR BLOG

Guides for owners in Hot Springs 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