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Lac qui Parle County

Selling a Business in Lac qui Parle County

Lac qui Parle County has 197 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

Lac qui Parle County by the numbers

197

EMPLOYER BUSINESSES

90%

SMALL EMPLOYER SHARE

584

BUSINESSES WITH NO EMPLOYEES

1,712

EMPLOYMENT

$88 million

ANNUAL PAYROLL

80

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 Lac qui Parle County compares

Lac qui Parle County ranks 78th of 87 Minnesota counties and county equivalents for employer businesses.
The number of employer businesses fell 1.5% between 2018 and 2023.
Retail makes up 17% of employer businesses in Lac qui Parle County, compared with 11% in Minnesota.
80 employer businesses here have 5 to 49 employees.

Lac qui Parle County ranks 78th of 87 Minnesota counties and county equivalents for employer businesses.
The number of employer businesses fell 1.5% between 2018 and 2023.
Retail makes up 17% of employer businesses in Lac qui Parle County, compared with 11% in Minnesota.
80 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

Retail: 33 employer businesses
Construction: 30 employer businesses
Repair, personal care and other services: 25 employer businesses
Health care and social assistance: 18 employer businesses
Finance and insurance: 18 employer businesses

The largest industries by number of employer businesses:

Retail: 33 employer businesses
Construction: 30 employer businesses
Repair, personal care and other services: 25 employer businesses
Health care and social assistance: 18 employer businesses
Finance and insurance: 18 employer businesses

INDUSTRIES

What sells in Lac qui Parle County

Retail, construction, repair, personal care and other services, health care and social assistance

Electronics & Repair

Retail Stores

Fashion, Apparel & Jewelry

Retail Stores

Carpentry & Framing

Construction & Engineering

Civil Engineering

Construction & Engineering

Audio Visual (AV)

Home Services

Commercial Cleaning

Home Services

Every kind of business we sell in Lac qui Parle County

We sell businesses in every one of these industries in Lac qui Parle 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

19 related employer businesses in Lac qui Parle County.

General Contracting: 6 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Electrical: 6 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Foundation & Site Prep: 4 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Interior Finishing: 3 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

Financial & Professional Services

10 related employer businesses in Lac qui Parle County.

Insurance Agencies: 10 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.

Logistics & Transportation

8 related employer businesses in Lac qui Parle County.

General Freight Trucking: 8 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.

Restaurants & Food

8 related employer businesses in Lac qui Parle County.

Full-Service Restaurants: 5 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Quick-Service & Fast Food: 3 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.

Retail Stores

8 related employer businesses in Lac qui Parle County.

Hardware, Garden & Building: 4 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Health, Beauty & Pharmacy: 4 employer businesses here. Typical sale multiple: 2.8x - 4.2x EBITDA.

Medical Practices

4 related employer businesses in Lac qui Parle County.

Dental Practices: 4 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.

Wholesale & Distribution

4 related employer businesses in Lac qui Parle County.

Industrial & Construction Supply: 4 employer businesses here. Typical sale multiple: 3.0x - 4.0x SDE.

Automotive & Boat

3 related employer businesses in Lac qui Parle County.

Collision Repair: 3 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

Energy & Utilities

3 related employer businesses in Lac qui Parle County.

Waste Management & Recycling: 3 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.

Entertainment & Recreation

3 related employer businesses in Lac qui Parle County.

Bars & Pubs: 3 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Clubs & Lounges: 3 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

Manufacturing

3 related employer businesses in Lac qui Parle County.

Food & Beverage Manufacturing: 3 employer businesses here. Typical sale multiple: 3.1x - 4.5x SDE.

Construction & Engineering

19 related employer businesses in Lac qui Parle County.

General Contracting: 6 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Electrical: 6 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Foundation & Site Prep: 4 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Interior Finishing: 3 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

Financial & Professional Services

10 related employer businesses in Lac qui Parle County.

Insurance Agencies: 10 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.

Logistics & Transportation

8 related employer businesses in Lac qui Parle County.

General Freight Trucking: 8 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.

Restaurants & Food

8 related employer businesses in Lac qui Parle County.

Full-Service Restaurants: 5 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Quick-Service & Fast Food: 3 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.

Retail Stores

8 related employer businesses in Lac qui Parle County.

Hardware, Garden & Building: 4 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Health, Beauty & Pharmacy: 4 employer businesses here. Typical sale multiple: 2.8x - 4.2x EBITDA.

Medical Practices

4 related employer businesses in Lac qui Parle County.

Dental Practices: 4 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.

Wholesale & Distribution

4 related employer businesses in Lac qui Parle County.

Industrial & Construction Supply: 4 employer businesses here. Typical sale multiple: 3.0x - 4.0x SDE.

Automotive & Boat

3 related employer businesses in Lac qui Parle County.

Collision Repair: 3 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

Energy & Utilities

3 related employer businesses in Lac qui Parle County.

Waste Management & Recycling: 3 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.

Entertainment & Recreation

3 related employer businesses in Lac qui Parle County.

Bars & Pubs: 3 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Clubs & Lounges: 3 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

Manufacturing

3 related employer businesses in Lac qui Parle County.

Food & Beverage Manufacturing: 3 employer businesses here. Typical sale multiple: 3.1x - 4.5x SDE.

Working with owners in Lac qui Parle County

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

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FREQUENTLY ASKED QUESTIONS

Questions owners in Lac qui Parle County ask

How long does it take to sell a business in Lac qui Parle 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 Lac qui Parle 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 Lac qui Parle 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