Selling a Business in McLeod County
McLeod County has 956 employer businesses, and 84% 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 retail and health care and social assistance.
Areas in Minnesota
LOCAL SNAPSHOT
McLeod County by the numbers
956
956
EMPLOYER BUSINESSES
84%
84%
SMALL EMPLOYER SHARE
2,574
2,574
BUSINESSES WITH NO EMPLOYEES
14,890
14,890
EMPLOYMENT
$783 million
$783 million
ANNUAL PAYROLL
421
421
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 McLeod County compares
McLeod County ranks 28th of 87 Minnesota counties and county equivalents for employer businesses.
The number of employer businesses grew 0.3% between 2018 and 2023.
Manufacturing makes up 7% of employer businesses in McLeod County, compared with 4% in Minnesota.
421 employer businesses here have 5 to 49 employees.
McLeod County ranks 28th of 87 Minnesota counties and county equivalents for employer businesses.
The number of employer businesses grew 0.3% between 2018 and 2023.
Manufacturing makes up 7% of employer businesses in McLeod County, compared with 4% in Minnesota.
421 employer businesses here have 5 to 49 employees.
Industry mix
The largest industries by number of employer businesses:
Retail: 127 employer businesses
Health care and social assistance: 125 employer businesses
Repair, personal care and other services: 115 employer businesses
Construction: 109 employer businesses
Finance and insurance: 81 employer businesses
The largest industries by number of employer businesses:
Retail: 127 employer businesses
Health care and social assistance: 125 employer businesses
Repair, personal care and other services: 115 employer businesses
Construction: 109 employer businesses
Finance and insurance: 81 employer businesses
INDUSTRIES
What sells in McLeod County
Retail, health care and social assistance, repair, personal care and other services, construction
Every kind of business we sell in McLeod County
These are the industries in McLeod 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
113 related employer businesses in McLeod County.
Landscaping: 25 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
General Contracting: 24 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Foundation & Site Prep: 16 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Plumbing: 15 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 15 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.
Electrical: 13 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Interior Finishing: 8 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Civil Engineering: 3 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.
Roofing & Siding: 3 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Carpentry & Framing: 3 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Masonry: 3 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.
Financial & Professional Services
81 related employer businesses in McLeod County.
Insurance Agencies: 35 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.
Accounting & Tax Practices: 18 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Real Estate Brokerages: 15 employer businesses here. Typical sale multiple: 2.5x - 4.5x SDE.
Wealth Management: 13 employer businesses here. Typical sale multiple: 2.7x - 4.0x Recurring Revenue.
Restaurants & Food
58 related employer businesses in McLeod County.
Full-Service Restaurants: 23 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Quick-Service & Fast Food: 23 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Liquor, Wine & Beer Stores: 5 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Grocery Stores & Markets: 4 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Coffee Shops: 3 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Medical Practices
53 related employer businesses in McLeod County.
Dental Practices: 14 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Mental & Behavioral Health: 12 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Primary & Family Care: 8 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE.
Home Health & Hospice: 6 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Veterinary Medicine: 5 employer businesses here. Typical sale multiple: 6.0x - 9.0x EBITDA.
Vision & Eye Care: 4 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Physical Therapy & Rehab: 4 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Manufacturing
41 related employer businesses in McLeod County.
Metal Fabrication: 23 employer businesses here. Typical sale multiple: 3.2x - 4.2x SDE.
Construction Materials Manufacturing: 6 employer businesses here. Typical sale multiple: 2.5x - 5.0x EBITDA.
Food & Beverage Manufacturing: 5 employer businesses here. Typical sale multiple: 3.1x - 4.5x SDE.
Electronics & Tech Manufacturing: 4 employer businesses here. Typical sale multiple: 4.0x - 7.5x EBITDA.
Wood & Furniture Manufacturing: 3 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Retail Stores
39 related employer businesses in McLeod County.
Hardware, Garden & Building: 13 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Health, Beauty & Pharmacy: 8 employer businesses here. Typical sale multiple: 2.8x - 4.2x EBITDA.
Fashion, Apparel & Jewelry: 7 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE + Inventory.
Home Decor & Furniture: 7 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE + Inventory.
Sporting Goods & Firearms: 4 employer businesses here. Typical sale multiple: 2.3x - 3.4x SDE.
Automotive & Boat
37 related employer businesses in McLeod County.
Auto Repair: 20 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.
Auto Parts: 7 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.
Car Washes: 4 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.
Collision Repair: 3 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Car Dealerships: 3 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.
Logistics & Transportation
31 related employer businesses in McLeod County.
General Freight Trucking: 28 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.
Last-Mile & Courier: 3 employer businesses here. Typical sale multiple: 2.76x - 3.32x SDE.
Gas Stations & Convenience
17 related employer businesses in McLeod County.
Gas Stations: 17 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.
Wholesale & Distribution
12 related employer businesses in McLeod County.
Industrial & Construction Supply: 12 employer businesses here. Typical sale multiple: 3.0x - 4.0x SDE.
Hospitality & Travel
11 related employer businesses in McLeod County.
Transportation Services: 6 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.
Hotels: 5 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.
Motels: 5 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.
Energy & Utilities
10 related employer businesses in McLeod County.
Waste Management & Recycling: 7 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Propane & Fuel Distribution: 3 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Entertainment & Recreation
9 related employer businesses in McLeod County.
Bars & Pubs: 6 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Clubs & Lounges: 6 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.
Golf Courses: 3 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.
Pharmacies & Medical Supply
9 related employer businesses in McLeod County.
Home Infusion: 6 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Compounding Pharmacies: 3 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Specialty Pharmacies: 3 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Health & Fitness
8 related employer businesses in McLeod County.
Gyms & Health Clubs: 5 employer businesses here. Typical sale multiple: 2.44x - 2.93x SDE.
Yoga Studios: 5 employer businesses here. Typical sale multiple: 2.07x - 2.50x SDE.
Pilates Studios: 5 employer businesses here. Typical sale multiple: 2.10x - 3.00x SDE.
Personal Training Studios: 5 employer businesses here. Typical sale multiple: 2.00x - 2.80x SDE.
Wellness & Recovery Centers: 3 employer businesses here. Typical sale multiple: 5.5x - 9.7x EBITDA.
Education & Childcare
7 related employer businesses in McLeod County.
Daycare Centers: 7 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.
Beauty & Personal Care
4 related employer businesses in McLeod County.
Hair Salons: 4 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.
Pet Services
4 related employer businesses in McLeod County.
Pet Grooming & Spas: 4 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Boarding, Daycare & Training: 4 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Senior Care & Living
4 related employer businesses in McLeod County.
Senior Living Communities: 4 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Technology & Media
3 related employer businesses in McLeod County.
Digital Marketing Agencies: 3 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
These are the industries in McLeod 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
113 related employer businesses in McLeod County.
Landscaping: 25 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
General Contracting: 24 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Foundation & Site Prep: 16 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Plumbing: 15 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 15 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.
Electrical: 13 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Interior Finishing: 8 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Civil Engineering: 3 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.
Roofing & Siding: 3 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Carpentry & Framing: 3 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Masonry: 3 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.
Financial & Professional Services
81 related employer businesses in McLeod County.
Insurance Agencies: 35 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.
Accounting & Tax Practices: 18 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Real Estate Brokerages: 15 employer businesses here. Typical sale multiple: 2.5x - 4.5x SDE.
Wealth Management: 13 employer businesses here. Typical sale multiple: 2.7x - 4.0x Recurring Revenue.
Restaurants & Food
58 related employer businesses in McLeod County.
Full-Service Restaurants: 23 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Quick-Service & Fast Food: 23 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Liquor, Wine & Beer Stores: 5 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Grocery Stores & Markets: 4 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Coffee Shops: 3 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Medical Practices
53 related employer businesses in McLeod County.
Dental Practices: 14 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Mental & Behavioral Health: 12 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Primary & Family Care: 8 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE.
Home Health & Hospice: 6 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Veterinary Medicine: 5 employer businesses here. Typical sale multiple: 6.0x - 9.0x EBITDA.
Vision & Eye Care: 4 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Physical Therapy & Rehab: 4 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Manufacturing
41 related employer businesses in McLeod County.
Metal Fabrication: 23 employer businesses here. Typical sale multiple: 3.2x - 4.2x SDE.
Construction Materials Manufacturing: 6 employer businesses here. Typical sale multiple: 2.5x - 5.0x EBITDA.
Food & Beverage Manufacturing: 5 employer businesses here. Typical sale multiple: 3.1x - 4.5x SDE.
Electronics & Tech Manufacturing: 4 employer businesses here. Typical sale multiple: 4.0x - 7.5x EBITDA.
Wood & Furniture Manufacturing: 3 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Retail Stores
39 related employer businesses in McLeod County.
Hardware, Garden & Building: 13 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Health, Beauty & Pharmacy: 8 employer businesses here. Typical sale multiple: 2.8x - 4.2x EBITDA.
Fashion, Apparel & Jewelry: 7 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE + Inventory.
Home Decor & Furniture: 7 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE + Inventory.
Sporting Goods & Firearms: 4 employer businesses here. Typical sale multiple: 2.3x - 3.4x SDE.
Automotive & Boat
37 related employer businesses in McLeod County.
Auto Repair: 20 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.
Auto Parts: 7 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.
Car Washes: 4 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.
Collision Repair: 3 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Car Dealerships: 3 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.
Logistics & Transportation
31 related employer businesses in McLeod County.
General Freight Trucking: 28 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.
Last-Mile & Courier: 3 employer businesses here. Typical sale multiple: 2.76x - 3.32x SDE.
Gas Stations & Convenience
17 related employer businesses in McLeod County.
Gas Stations: 17 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.
Wholesale & Distribution
12 related employer businesses in McLeod County.
Industrial & Construction Supply: 12 employer businesses here. Typical sale multiple: 3.0x - 4.0x SDE.
Hospitality & Travel
11 related employer businesses in McLeod County.
Transportation Services: 6 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.
Hotels: 5 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.
Motels: 5 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.
Energy & Utilities
10 related employer businesses in McLeod County.
Waste Management & Recycling: 7 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Propane & Fuel Distribution: 3 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Entertainment & Recreation
9 related employer businesses in McLeod County.
Bars & Pubs: 6 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Clubs & Lounges: 6 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.
Golf Courses: 3 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.
Pharmacies & Medical Supply
9 related employer businesses in McLeod County.
Home Infusion: 6 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Compounding Pharmacies: 3 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Specialty Pharmacies: 3 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Health & Fitness
8 related employer businesses in McLeod County.
Gyms & Health Clubs: 5 employer businesses here. Typical sale multiple: 2.44x - 2.93x SDE.
Yoga Studios: 5 employer businesses here. Typical sale multiple: 2.07x - 2.50x SDE.
Pilates Studios: 5 employer businesses here. Typical sale multiple: 2.10x - 3.00x SDE.
Personal Training Studios: 5 employer businesses here. Typical sale multiple: 2.00x - 2.80x SDE.
Wellness & Recovery Centers: 3 employer businesses here. Typical sale multiple: 5.5x - 9.7x EBITDA.
Education & Childcare
7 related employer businesses in McLeod County.
Daycare Centers: 7 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.
Beauty & Personal Care
4 related employer businesses in McLeod County.
Hair Salons: 4 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.
Pet Services
4 related employer businesses in McLeod County.
Pet Grooming & Spas: 4 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Boarding, Daycare & Training: 4 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Senior Care & Living
4 related employer businesses in McLeod County.
Senior Living Communities: 4 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Technology & Media
3 related employer businesses in McLeod County.
Digital Marketing Agencies: 3 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Working with owners in McLeod County
Business Advisors of America works with owners who are selling a business in McLeod County. Contact us to talk about a sale.
FREQUENTLY ASKED QUESTIONS
Questions owners in McLeod County ask
How long does it take to sell a business in McLeod County?
The time depends on the price, the quality of the records and the number of qualified buyers.
How is a business valued in McLeod 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 McLeod 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