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Marshall County

Selling a Business in Marshall County

Marshall County has 259 employer businesses, and 95% 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 construction and repair, personal care and other services.

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LOCAL SNAPSHOT

Marshall County by the numbers

259

EMPLOYER BUSINESSES

95%

SMALL EMPLOYER SHARE

661

BUSINESSES WITH NO EMPLOYEES

1,525

EMPLOYMENT

$88 million

ANNUAL PAYROLL

86

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 Marshall County compares

Marshall County ranks 75th of 87 Minnesota counties and county equivalents for employer businesses.
The number of employer businesses grew 5.3% between 2018 and 2023.
Finance and insurance makes up 11% of employer businesses in Marshall County, compared with 6% in Minnesota.
86 employer businesses here have 5 to 49 employees.

Marshall County ranks 75th of 87 Minnesota counties and county equivalents for employer businesses.
The number of employer businesses grew 5.3% between 2018 and 2023.
Finance and insurance makes up 11% of employer businesses in Marshall County, compared with 6% in Minnesota.
86 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

Construction: 48 employer businesses
Repair, personal care and other services: 41 employer businesses
Finance and insurance: 29 employer businesses
Retail: 29 employer businesses
Accommodation and food service: 21 employer businesses

The largest industries by number of employer businesses:

Construction: 48 employer businesses
Repair, personal care and other services: 41 employer businesses
Finance and insurance: 29 employer businesses
Retail: 29 employer businesses
Accommodation and food service: 21 employer businesses

INDUSTRIES

What sells in Marshall County

Construction, repair, personal care and other services, finance and insurance, retail

Carpentry & Framing

Construction & Engineering

Civil Engineering

Construction & Engineering

Audio Visual (AV)

Home Services

Commercial Cleaning

Home Services

Barber Shops

Beauty & Personal Care

Day Spas

Beauty & Personal Care

Every kind of business we sell in Marshall County

These are the industries in Marshall 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

24 related employer businesses in Marshall County.

General Contracting: 11 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: 5 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Plumbing: 3 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 3 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

Financial & Professional Services

16 related employer businesses in Marshall County.

Insurance Agencies: 16 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.

Restaurants & Food

15 related employer businesses in Marshall County.

Full-Service Restaurants: 9 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Grocery Stores & Markets: 6 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.

Logistics & Transportation

10 related employer businesses in Marshall County.

General Freight Trucking: 10 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.

Entertainment & Recreation

8 related employer businesses in Marshall County.

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.

Gas Stations & Convenience

8 related employer businesses in Marshall County.

Gas Stations: 8 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.

Manufacturing

7 related employer businesses in Marshall County.

Metal Fabrication: 4 employer businesses here. Typical sale multiple: 3.2x - 4.2x SDE.
Food & Beverage Manufacturing: 3 employer businesses here. Typical sale multiple: 3.1x - 4.5x SDE.

Retail Stores

5 related employer businesses in Marshall County.

Hardware, Garden & Building: 5 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.

Automotive & Boat

3 related employer businesses in Marshall County.

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

Senior Care & Living

3 related employer businesses in Marshall County.

Non-Medical Home Care: 3 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

Construction & Engineering

24 related employer businesses in Marshall County.

General Contracting: 11 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: 5 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Plumbing: 3 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 3 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

Financial & Professional Services

16 related employer businesses in Marshall County.

Insurance Agencies: 16 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.

Restaurants & Food

15 related employer businesses in Marshall County.

Full-Service Restaurants: 9 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Grocery Stores & Markets: 6 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.

Logistics & Transportation

10 related employer businesses in Marshall County.

General Freight Trucking: 10 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.

Entertainment & Recreation

8 related employer businesses in Marshall County.

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.

Gas Stations & Convenience

8 related employer businesses in Marshall County.

Gas Stations: 8 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.

Manufacturing

7 related employer businesses in Marshall County.

Metal Fabrication: 4 employer businesses here. Typical sale multiple: 3.2x - 4.2x SDE.
Food & Beverage Manufacturing: 3 employer businesses here. Typical sale multiple: 3.1x - 4.5x SDE.

Retail Stores

5 related employer businesses in Marshall County.

Hardware, Garden & Building: 5 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.

Automotive & Boat

3 related employer businesses in Marshall County.

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

Senior Care & Living

3 related employer businesses in Marshall County.

Non-Medical Home Care: 3 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

Working with owners in Marshall County

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

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FREQUENTLY ASKED QUESTIONS

Questions owners in Marshall County ask

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

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

How is a business valued in Marshall 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 Marshall 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