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Madison County

Selling a Business in Madison County

Madison County has 427 employer businesses, and 96% 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

Madison County by the numbers

427

427

EMPLOYER BUSINESSES

96%

96%

SMALL EMPLOYER SHARE

1,353

1,353

BUSINESSES WITH NO EMPLOYEES

5,218

5,218

EMPLOYMENT

$232 million

$232 million

ANNUAL PAYROLL

100

100

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 Madison County compares

  • Madison County ranks 17th of 56 Montana counties and county equivalents for employer businesses.

  • The number of employer businesses grew 10.9% between 2018 and 2023.

  • Accommodation and food service makes up 16% of employer businesses in Madison County, compared with 9% in Montana.

  • 100 employer businesses here have 5 to 49 employees.

  • Madison County ranks 17th of 56 Montana counties and county equivalents for employer businesses.

  • The number of employer businesses grew 10.9% between 2018 and 2023.

  • Accommodation and food service makes up 16% of employer businesses in Madison County, compared with 9% in Montana.

  • 100 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

  • Construction: 100 employer businesses

  • Accommodation and food service: 69 employer businesses

  • Retail: 44 employer businesses

  • Repair, personal care and other services: 34 employer businesses

  • Professional and technical services: 32 employer businesses

The largest industries by number of employer businesses:

  • Construction: 100 employer businesses

  • Accommodation and food service: 69 employer businesses

  • Retail: 44 employer businesses

  • Repair, personal care and other services: 34 employer businesses

  • Professional and technical services: 32 employer businesses

INDUSTRIES

What sells in Madison County

Construction, accommodation and food service, retail, repair, personal care and other services

Carpentry & Framing

Construction & Engineering

Civil Engineering

Construction & Engineering

Audio Visual (AV)

Home Services

Commercial Cleaning

Home Services

Bakeries

Restaurants & Food

Coffee Shops

Restaurants & Food

Every kind of business we sell in Madison County

We sell businesses in every one of these industries in Madison 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

82 related employer businesses in Madison County.

  • General Contracting: 38 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Interior Finishing: 12 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Plumbing: 9 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 9 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Landscaping: 8 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Electrical: 8 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Foundation & Site Prep: 7 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

Restaurants & Food

36 related employer businesses in Madison County.

Financial & Professional Services

27 related employer businesses in Madison County.

Entertainment & Recreation

20 related employer businesses in Madison County.

  • Outdoor Recreation: 12 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Bars & Pubs: 8 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 8 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

Retail Stores

20 related employer businesses in Madison County.

Hospitality & Travel

13 related employer businesses in Madison County.

  • Hotels: 13 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 13 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

Medical Practices

10 related employer businesses in Madison County.

Home Services

7 related employer businesses in Madison County.

Manufacturing

7 related employer businesses in Madison County.

Automotive & Boat

4 related employer businesses in Madison County.

  • Auto Repair: 4 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

Education & Childcare

4 related employer businesses in Madison County.

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

Energy & Utilities

3 related employer businesses in Madison County.

Gas Stations & Convenience

3 related employer businesses in Madison County.

  • Gas Stations: 3 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.

Logistics & Transportation

3 related employer businesses in Madison County.

Senior Care & Living

3 related employer businesses in Madison County.

Technology & Media

3 related employer businesses in Madison County.

We sell businesses in every one of these industries in Madison 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

82 related employer businesses in Madison County.

  • General Contracting: 38 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Interior Finishing: 12 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Plumbing: 9 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 9 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Landscaping: 8 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Electrical: 8 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Foundation & Site Prep: 7 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

Restaurants & Food

36 related employer businesses in Madison County.

Financial & Professional Services

27 related employer businesses in Madison County.

Entertainment & Recreation

20 related employer businesses in Madison County.

  • Outdoor Recreation: 12 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Bars & Pubs: 8 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 8 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

Retail Stores

20 related employer businesses in Madison County.

Hospitality & Travel

13 related employer businesses in Madison County.

  • Hotels: 13 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 13 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

Medical Practices

10 related employer businesses in Madison County.

Home Services

7 related employer businesses in Madison County.

Manufacturing

7 related employer businesses in Madison County.

Automotive & Boat

4 related employer businesses in Madison County.

  • Auto Repair: 4 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

Education & Childcare

4 related employer businesses in Madison County.

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

Energy & Utilities

3 related employer businesses in Madison County.

Gas Stations & Convenience

3 related employer businesses in Madison County.

  • Gas Stations: 3 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.

Logistics & Transportation

3 related employer businesses in Madison County.

Senior Care & Living

3 related employer businesses in Madison County.

Technology & Media

3 related employer businesses in Madison County.

Working with owners in Madison County

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

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FREQUENTLY ASKED QUESTIONS

Questions owners in Madison County ask

How long does it take to sell a business in Madison 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 Madison 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 Madison 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