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Lexington city

Selling a Business in Lexington city

Lexington city has 253 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.

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LOCAL SNAPSHOT

Lexington city by the numbers

253

253

EMPLOYER BUSINESSES

88%

88%

SMALL EMPLOYER SHARE

462

462

BUSINESSES WITH NO EMPLOYEES

4,728

4,728

EMPLOYMENT

$198 million

$198 million

ANNUAL PAYROLL

111

111

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 Lexington city compares

  • Lexington city ranks 108th of 133 Virginia counties and county equivalents for employer businesses.

  • The number of employer businesses was unchanged between 2018 and 2023.

  • Accommodation and food service makes up 20% of employer businesses in Lexington city, compared with 9% in Virginia.

  • 111 employer businesses here have 5 to 49 employees.

  • Lexington city ranks 108th of 133 Virginia counties and county equivalents for employer businesses.

  • The number of employer businesses was unchanged between 2018 and 2023.

  • Accommodation and food service makes up 20% of employer businesses in Lexington city, compared with 9% in Virginia.

  • 111 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

  • Accommodation and food service: 51 employer businesses

  • Repair, personal care and other services: 45 employer businesses

  • Health care and social assistance: 40 employer businesses

  • Retail: 37 employer businesses

  • Professional and technical services: 25 employer businesses

The largest industries by number of employer businesses:

  • Accommodation and food service: 51 employer businesses

  • Repair, personal care and other services: 45 employer businesses

  • Health care and social assistance: 40 employer businesses

  • Retail: 37 employer businesses

  • Professional and technical services: 25 employer businesses

INDUSTRIES

What sells in Lexington city

Accommodation and food service, repair, personal care and other services, health care and social assistance, retail

Bakeries

Restaurants & Food

Coffee Shops

Restaurants & Food

Bed & Breakfasts / Inns

Hospitality & Travel

Campgrounds & RV Parks

Hospitality & Travel

Barber Shops

Beauty & Personal Care

Day Spas

Beauty & Personal Care

Every kind of business we sell in Lexington city

We sell businesses in every one of these industries in Lexington city. 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

32 related employer businesses in Lexington city.

Financial & Professional Services

19 related employer businesses in Lexington city.

Medical Practices

19 related employer businesses in Lexington city.

Retail Stores

17 related employer businesses in Lexington city.

Hospitality & Travel

4 related employer businesses in Lexington city.

  • Hotels: 4 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 4 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

Education & Childcare

3 related employer businesses in Lexington city.

  • Daycare Centers: 3 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

Home Services

3 related employer businesses in Lexington city.

Pharmacies & Medical Supply

3 related employer businesses in Lexington city.

Senior Care & Living

3 related employer businesses in Lexington city.

We sell businesses in every one of these industries in Lexington city. 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

32 related employer businesses in Lexington city.

Financial & Professional Services

19 related employer businesses in Lexington city.

Medical Practices

19 related employer businesses in Lexington city.

Retail Stores

17 related employer businesses in Lexington city.

Hospitality & Travel

4 related employer businesses in Lexington city.

  • Hotels: 4 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 4 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

Education & Childcare

3 related employer businesses in Lexington city.

  • Daycare Centers: 3 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

Home Services

3 related employer businesses in Lexington city.

Pharmacies & Medical Supply

3 related employer businesses in Lexington city.

Senior Care & Living

3 related employer businesses in Lexington city.

Working with owners in Lexington city

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

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FREQUENTLY ASKED QUESTIONS

Questions owners in Lexington city ask

How long does it take to sell a business in Lexington city?

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 Lexington city?

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 Lexington city

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