Selling a Business in Lake County

Lake County has 20,076 employer businesses, and 87% 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 professional and technical services and health care and social assistance.

LOCAL SNAPSHOT

Lake County by the numbers

20,076

20,076

EMPLOYER BUSINESSES

87%

87%

SMALL EMPLOYER SHARE

65,725

65,725

BUSINESSES WITH NO EMPLOYEES

337,069

337,069

EMPLOYMENT

$31.2 billion

$31.2 billion

ANNUAL PAYROLL

6,655

6,655

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 Lake County compares

  • Lake County ranks 3rd of 102 Illinois counties and county equivalents for employer businesses.

  • The number of employer businesses grew 0.7% between 2018 and 2023.

  • Administrative and support services makes up 7% of employer businesses in Lake County, compared with 5% in Illinois.

  • 6,655 employer businesses here have 5 to 49 employees.

  • Lake County ranks 3rd of 102 Illinois counties and county equivalents for employer businesses.

  • The number of employer businesses grew 0.7% between 2018 and 2023.

  • Administrative and support services makes up 7% of employer businesses in Lake County, compared with 5% in Illinois.

  • 6,655 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

  • Professional and technical services: 2,817 employer businesses

  • Health care and social assistance: 2,301 employer businesses

  • Retail: 2,098 employer businesses

  • Construction: 1,998 employer businesses

  • Repair, personal care and other services: 1,748 employer businesses

The largest industries by number of employer businesses:

  • Professional and technical services: 2,817 employer businesses

  • Health care and social assistance: 2,301 employer businesses

  • Retail: 2,098 employer businesses

  • Construction: 1,998 employer businesses

  • Repair, personal care and other services: 1,748 employer businesses

Every kind of business we sell in Lake County

These are the industries in Lake 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.

Construction & Engineering

2,590 related employer businesses in Lake County.

  • Landscaping: 706 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • General Contracting: 659 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Interior Finishing: 344 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Plumbing: 283 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 283 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Electrical: 181 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Civil Engineering: 144 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Roofing & Siding: 100 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Foundation & Site Prep: 86 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Masonry: 58 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Carpentry & Framing: 22 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Remediation & Restoration: 7 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Medical Practices

1,547 related employer businesses in Lake County.

Restaurants & Food

1,535 related employer businesses in Lake County.

Financial & Professional Services

1,259 related employer businesses in Lake County.

Retail Stores

883 related employer businesses in Lake County.

Logistics & Transportation

805 related employer businesses in Lake County.

Automotive & Boat

637 related employer businesses in Lake County.

  • Auto Repair: 270 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Car Dealerships: 99 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Auto Parts: 89 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Collision Repair: 83 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Washes: 41 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Towing & Repo: 23 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

  • Marinas: 17 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.

  • Boat Dealerships: 15 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.

Manufacturing

611 related employer businesses in Lake County.

Wholesale & Distribution

589 related employer businesses in Lake County.

Beauty & Personal Care

426 related employer businesses in Lake County.

  • Hair Salons: 252 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Nail Salons: 94 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Day Spas: 56 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 56 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 56 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Barber Shops: 24 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.

Home Services

360 related employer businesses in Lake County.

  • Residential Cleaning: 199 employer businesses here. Typical sale multiple: 1.5x - 2.6x SDE.

  • Commercial Cleaning: 199 employer businesses here. Typical sale multiple: 2.47x - 4.11x EBITDA.

  • Property Management: 127 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Pest Control: 25 employer businesses here. Typical sale multiple: 2.34x - 2.90x SDE.

  • Security Systems: 9 employer businesses here. Typical sale multiple: 3.0x - 4.9x EBITDA.

Technology & Media

331 related employer businesses in Lake County.

Education & Childcare

275 related employer businesses in Lake County.

  • Daycare Centers: 242 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

  • Tutoring Centers: 33 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

Entertainment & Recreation

228 related employer businesses in Lake County.

  • Bars & Pubs: 101 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 101 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Outdoor Recreation: 64 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Golf Courses: 42 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.

  • Bowling Alleys: 12 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.

  • Arcades & FECs: 9 employer businesses here. Typical sale multiple: 2.1x - 3.6x SDE.

Gas Stations & Convenience

217 related employer businesses in Lake County.

  • Gas Stations: 198 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.

  • Convenience Stores: 19 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.

Pharmacies & Medical Supply

210 related employer businesses in Lake County.

Hospitality & Travel

179 related employer businesses in Lake County.

  • Hotels: 84 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 84 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 65 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

  • Travel Agencies: 24 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.

  • Campgrounds & RV Parks: 6 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Health & Fitness

176 related employer businesses in Lake County.

Pet Services

119 related employer businesses in Lake County.

Senior Care & Living

91 related employer businesses in Lake County.

Energy & Utilities

64 related employer businesses in Lake County.

These are the industries in Lake 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.

Construction & Engineering

2,590 related employer businesses in Lake County.

  • Landscaping: 706 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • General Contracting: 659 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Interior Finishing: 344 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Plumbing: 283 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 283 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Electrical: 181 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Civil Engineering: 144 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Roofing & Siding: 100 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Foundation & Site Prep: 86 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Masonry: 58 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Carpentry & Framing: 22 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Remediation & Restoration: 7 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Medical Practices

1,547 related employer businesses in Lake County.

Restaurants & Food

1,535 related employer businesses in Lake County.

Financial & Professional Services

1,259 related employer businesses in Lake County.

Retail Stores

883 related employer businesses in Lake County.

Logistics & Transportation

805 related employer businesses in Lake County.

Automotive & Boat

637 related employer businesses in Lake County.

  • Auto Repair: 270 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Car Dealerships: 99 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Auto Parts: 89 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Collision Repair: 83 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Washes: 41 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Towing & Repo: 23 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

  • Marinas: 17 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.

  • Boat Dealerships: 15 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.

Manufacturing

611 related employer businesses in Lake County.

Wholesale & Distribution

589 related employer businesses in Lake County.

Beauty & Personal Care

426 related employer businesses in Lake County.

  • Hair Salons: 252 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Nail Salons: 94 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Day Spas: 56 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 56 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 56 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Barber Shops: 24 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.

Home Services

360 related employer businesses in Lake County.

  • Residential Cleaning: 199 employer businesses here. Typical sale multiple: 1.5x - 2.6x SDE.

  • Commercial Cleaning: 199 employer businesses here. Typical sale multiple: 2.47x - 4.11x EBITDA.

  • Property Management: 127 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Pest Control: 25 employer businesses here. Typical sale multiple: 2.34x - 2.90x SDE.

  • Security Systems: 9 employer businesses here. Typical sale multiple: 3.0x - 4.9x EBITDA.

Technology & Media

331 related employer businesses in Lake County.

Education & Childcare

275 related employer businesses in Lake County.

  • Daycare Centers: 242 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

  • Tutoring Centers: 33 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

Entertainment & Recreation

228 related employer businesses in Lake County.

  • Bars & Pubs: 101 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 101 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Outdoor Recreation: 64 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Golf Courses: 42 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.

  • Bowling Alleys: 12 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.

  • Arcades & FECs: 9 employer businesses here. Typical sale multiple: 2.1x - 3.6x SDE.

Gas Stations & Convenience

217 related employer businesses in Lake County.

  • Gas Stations: 198 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.

  • Convenience Stores: 19 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.

Pharmacies & Medical Supply

210 related employer businesses in Lake County.

Hospitality & Travel

179 related employer businesses in Lake County.

  • Hotels: 84 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 84 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 65 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

  • Travel Agencies: 24 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.

  • Campgrounds & RV Parks: 6 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Health & Fitness

176 related employer businesses in Lake County.

Pet Services

119 related employer businesses in Lake County.

Senior Care & Living

91 related employer businesses in Lake County.

Energy & Utilities

64 related employer businesses in Lake County.

Working with owners in Lake County

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

FREQUENTLY ASKED QUESTIONS

Questions owners in Lake County ask

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

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

How is a business valued in Lake 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 Lake 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