Selling a Business in the Twin Cities
Owners in the Twin Cities sell to local buyers and to buyers from other markets. This market has 99,443 employer businesses, and 83% of them have fewer than 20 employees. This page shows what is here and how a sale is handled. People also search for this market as Minneapolis, St. Paul, Minneapolis-St. Paul or MSP. The largest industries here are health care and social assistance and professional and technical services.
Areas in Minnesota
Counties in this area
LOCAL SNAPSHOT
Twin Cities by the numbers
99,443
99,443
EMPLOYER BUSINESSES
83%
83%
SMALL EMPLOYER SHARE
320,777
320,777
BUSINESSES WITH NO EMPLOYEES
1,885,126
1,885,126
EMPLOYMENT
$137.4 billion
$137.4 billion
ANNUAL PAYROLL
38,681
38,681
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 Twin Cities compares
The Twin Cities ranks 1st of 5 Minnesota metro markets for employer businesses.
The number of employer businesses grew 2.4% between 2018 and 2023.
Professional and technical services makes up 13% of employer businesses in the Twin Cities, compared with 11% in Minnesota.
38,681 employer businesses here have 5 to 49 employees.
The Twin Cities ranks 1st of 5 Minnesota metro markets for employer businesses.
The number of employer businesses grew 2.4% between 2018 and 2023.
Professional and technical services makes up 13% of employer businesses in the Twin Cities, compared with 11% in Minnesota.
38,681 employer businesses here have 5 to 49 employees.
Industry mix
The largest industries by number of employer businesses:
Health care and social assistance: 13,207 employer businesses
Professional and technical services: 12,899 employer businesses
Construction: 10,456 employer businesses
Retail: 9,998 employer businesses
Repair, personal care and other services: 9,469 employer businesses
The largest industries by number of employer businesses:
Health care and social assistance: 13,207 employer businesses
Professional and technical services: 12,899 employer businesses
Construction: 10,456 employer businesses
Retail: 9,998 employer businesses
Repair, personal care and other services: 9,469 employer businesses
INDUSTRIES
What sells in Twin Cities
Health care and social assistance, professional and technical services, construction, retail
Every kind of business we sell in Twin Cities
These are the industries in the Twin Cities 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
11,336 related employer businesses in the Twin Cities.
General Contracting: 3,159 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Interior Finishing: 2,112 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Landscaping: 1,605 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Plumbing: 1,015 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 1,015 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.
Electrical: 795 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Roofing & Siding: 693 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Foundation & Site Prep: 687 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Civil Engineering: 665 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.
Masonry: 276 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.
Carpentry & Framing: 264 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Remediation & Restoration: 65 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Financial & Professional Services
7,661 related employer businesses in the Twin Cities.
Real Estate Brokerages: 2,609 employer businesses here. Typical sale multiple: 2.5x - 4.5x SDE.
Insurance Agencies: 1,885 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.
Accounting & Tax Practices: 1,407 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Wealth Management: 1,302 employer businesses here. Typical sale multiple: 2.7x - 4.0x Recurring Revenue.
Private Lending: 370 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Mortgage Brokerages: 88 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Restaurants & Food
6,904 related employer businesses in the Twin Cities.
Quick-Service & Fast Food: 2,618 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Full-Service Restaurants: 2,382 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Coffee Shops: 772 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Grocery Stores & Markets: 569 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Liquor, Wine & Beer Stores: 472 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Bakeries: 91 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Ghost Kitchens. Typical sale multiple: 2.0x - 3.0x SDE.
Medical Practices
5,621 related employer businesses in the Twin Cities.
Dental Practices: 1,276 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Primary & Family Care: 1,119 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE.
Mental & Behavioral Health: 1,049 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Home Health & Hospice: 803 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Physical Therapy & Rehab: 463 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Veterinary Medicine: 384 employer businesses here. Typical sale multiple: 6.0x - 9.0x EBITDA.
Vision & Eye Care: 217 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Medical Labs & Imaging: 133 employer businesses here. Typical sale multiple: 4.5x - 6.5x EBITDA.
Specialty Medicine: 128 employer businesses here. Typical sale multiple: 5.0x - 7.0x EBITDA.
Urgent Care Clinics: 49 employer businesses here. Typical sale multiple: 4.0x - 6.0x EBITDA.
Retail Stores
3,941 related employer businesses in the Twin Cities.
Fashion, Apparel & Jewelry: 1,230 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE + Inventory.
Health, Beauty & Pharmacy: 788 employer businesses here. Typical sale multiple: 2.8x - 4.2x EBITDA.
Hardware, Garden & Building: 669 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Home Decor & Furniture: 496 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE + Inventory.
Sporting Goods & Firearms: 268 employer businesses here. Typical sale multiple: 2.3x - 3.4x SDE.
Hobby, Toys & Gift Shops: 266 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE + Inventory.
Electronics & Repair: 224 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Manufacturing
3,315 related employer businesses in the Twin Cities.
Metal Fabrication: 940 employer businesses here. Typical sale multiple: 3.2x - 4.2x SDE.
Printing & Plastics: 575 employer businesses here. Typical sale multiple: 2.9x - 4.9x SDE.
Food & Beverage Manufacturing: 461 employer businesses here. Typical sale multiple: 3.1x - 4.5x SDE.
Wood & Furniture Manufacturing: 390 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Medical & Chemical Manufacturing: 389 employer businesses here. Typical sale multiple: 4.5x - 8.0x EBITDA.
Electronics & Tech Manufacturing: 325 employer businesses here. Typical sale multiple: 4.0x - 7.5x EBITDA.
Construction Materials Manufacturing: 129 employer businesses here. Typical sale multiple: 2.5x - 5.0x EBITDA.
Textile & Apparel Manufacturing: 106 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Automotive & Boat
2,873 related employer businesses in the Twin Cities.
Auto Repair: 1,193 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.
Auto Parts: 515 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.
Car Dealerships: 435 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.
Collision Repair: 395 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Car Washes: 156 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.
Towing & Repo: 91 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.
Boat Dealerships: 48 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Marinas: 40 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.
Logistics & Transportation
2,396 related employer businesses in the Twin Cities.
General Freight Trucking: 1,549 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.
Freight Brokerage & 3PL: 241 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Warehousing & Fulfillment: 195 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Last-Mile & Courier: 187 employer businesses here. Typical sale multiple: 2.76x - 3.32x SDE.
Heavy Haul Transport: 89 employer businesses here. Typical sale multiple: 3.5x - 4.5x SDE.
Commercial Moving: 86 employer businesses here. Typical sale multiple: 1.5x - 3.0x SDE.
NEMT & Passenger Transport: 49 employer businesses here. Typical sale multiple: 2.1x - 3.1x SDE.
Port Drayage. Typical sale multiple: 2.5x - 3.5x SDE.
Beauty & Personal Care
2,167 related employer businesses in the Twin Cities.
Hair Salons: 1,133 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.
Nail Salons: 553 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.
Day Spas: 403 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.
Tattoo Shops: 403 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Massage Parlors: 403 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Barber Shops: 78 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.
Medical Spas. Typical sale multiple: 2.5x - 4.5x EBITDA.
Wholesale & Distribution
2,139 related employer businesses in the Twin Cities.
Industrial & Construction Supply: 886 employer businesses here. Typical sale multiple: 3.0x - 4.0x SDE.
Electronics, IT & Office Equipment Distribution: 451 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Food & Beverage Distribution: 380 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Chemicals, Plastics & Raw Materials Distribution: 142 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Packaging, Paper & JanSan Distribution: 108 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Consumer Goods & Apparel Distribution: 96 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Medical, Dental & Pharmaceutical Distribution: 76 employer businesses here. Typical sale multiple: 3.5x - 4.5x EBITDA.
Home Services
2,113 related employer businesses in the Twin Cities.
Residential Cleaning: 1,049 employer businesses here. Typical sale multiple: 1.5x - 2.6x SDE.
Commercial Cleaning: 1,049 employer businesses here. Typical sale multiple: 2.47x - 4.11x EBITDA.
Property Management: 947 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Pest Control: 61 employer businesses here. Typical sale multiple: 2.34x - 2.90x SDE.
Security Systems: 56 employer businesses here. Typical sale multiple: 3.0x - 4.9x EBITDA.
Audio Visual (AV). Typical sale multiple: 3.0x - 5.0x EBITDA.
Junk Removal. Typical sale multiple: 1.5x - 3.0x SDE.
Pool & Spa Service. Typical sale multiple: 3.0x - 4.0x EBITDA.
Technology & Media
2,107 related employer businesses in the Twin Cities.
Digital Marketing Agencies: 661 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Creative Agencies: 579 employer businesses here. Typical sale multiple: 1.8x - 3.0x SDE.
Media, Film & Studio Production: 320 employer businesses here. Typical sale multiple: 2.2x - 3.5x SDE.
Real Estate Media: 316 employer businesses here. Typical sale multiple: 1.5x - 2.8x SDE.
Software Companies (SaaS): 231 employer businesses here. Typical sale multiple: 3.5x - 5.5x SDE.
E-commerce & Online Brands. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Senior Care & Living
1,592 related employer businesses in the Twin Cities.
Non-Medical Home Care: 1,003 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Assisted Living Facilities: 385 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Senior Living Communities: 204 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Adult Day Services. Typical sale multiple: 2.5x - 4.0x SDE.
Pharmacies & Medical Supply
1,360 related employer businesses in the Twin Cities.
Home Infusion: 803 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Compounding Pharmacies: 281 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Specialty Pharmacies: 281 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Durable Medical Equipment (DME): 145 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.
Medical Supply Retail: 131 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Education & Childcare
1,158 related employer businesses in the Twin Cities.
Daycare Centers: 1,051 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.
Tutoring Centers: 107 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Preschools. Typical sale multiple: 3.12x - 4.0x SDE.
Gas Stations & Convenience
1,068 related employer businesses in the Twin Cities.
Gas Stations: 964 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.
Convenience Stores: 104 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Truck Stops & Travel Centers. Typical sale multiple: 3.5x - 5.5x EBITDA + Real Estate.
Health & Fitness
1,027 related employer businesses in the Twin Cities.
Gyms & Health Clubs: 552 employer businesses here. Typical sale multiple: 2.44x - 2.93x SDE.
Yoga Studios: 552 employer businesses here. Typical sale multiple: 2.07x - 2.50x SDE.
Pilates Studios: 552 employer businesses here. Typical sale multiple: 2.10x - 3.00x SDE.
Personal Training Studios: 552 employer businesses here. Typical sale multiple: 2.00x - 2.80x SDE.
Wellness & Recovery Centers: 475 employer businesses here. Typical sale multiple: 5.5x - 9.7x EBITDA.
Entertainment & Recreation
921 related employer businesses in the Twin Cities.
Bars & Pubs: 368 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Clubs & Lounges: 368 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.
Outdoor Recreation: 357 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Golf Courses: 127 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.
Bowling Alleys: 46 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.
Arcades & FECs: 23 employer businesses here. Typical sale multiple: 2.1x - 3.6x SDE.
Event Venues. Typical sale multiple: 2.8x - 3.5x Earnings.
Banquet Halls. Typical sale multiple: 3.5x - 4.5x Earnings.
Escape Rooms. Typical sale multiple: 1.5x - 3.5x SDE.
Hospitality & Travel
788 related employer businesses in the Twin Cities.
Hotels: 403 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.
Motels: 403 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.
Transportation Services: 253 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.
Travel Agencies: 105 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.
Campgrounds & RV Parks: 20 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Bed & Breakfasts / Inns: 7 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Pet Services
450 related employer businesses in the Twin Cities.
Pet Grooming & Spas: 329 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Boarding, Daycare & Training: 329 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Pet Retail & Specialty Supplies: 121 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE + Inventory.
Mobile & In-Home Pet Care. Typical sale multiple: 1.5x - 2.5x SDE + Fleet.
Energy & Utilities
442 related employer businesses in the Twin Cities.
Waste Management & Recycling: 213 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Water & Wastewater Services: 138 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Propane & Fuel Distribution: 74 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Solar & Renewable Energy: 10 employer businesses here. Typical sale multiple: 3.5x - 6.0x EBITDA.
Oil & Gas Services: 7 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA + Equipment.
E-commerce & Online Businesses
Amazon FBA Businesses. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Online Marketplaces. Typical sale multiple: 3.5x - 6.0x SDE.
Land & Agriculture
Crop Production. Typical sale multiple: 4.5x - 6.69x EBITDA.
Livestock & Ranching. Typical sale multiple: 3.0x - 5.76x EBITDA.
Agribusiness & Infrastructure. Typical sale multiple: 5.2x - 10.3x EBITDA.
AgTech & Precision Ag. Typical sale multiple: 8.3x - 12.1x EBITDA.
Agri-Tourism & Lifestyle. Typical sale multiple: 2.51x - 4.54x SDE.
These are the industries in the Twin Cities 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
11,336 related employer businesses in the Twin Cities.
General Contracting: 3,159 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Interior Finishing: 2,112 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Landscaping: 1,605 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Plumbing: 1,015 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 1,015 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.
Electrical: 795 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Roofing & Siding: 693 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Foundation & Site Prep: 687 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Civil Engineering: 665 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.
Masonry: 276 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.
Carpentry & Framing: 264 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Remediation & Restoration: 65 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Financial & Professional Services
7,661 related employer businesses in the Twin Cities.
Real Estate Brokerages: 2,609 employer businesses here. Typical sale multiple: 2.5x - 4.5x SDE.
Insurance Agencies: 1,885 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.
Accounting & Tax Practices: 1,407 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Wealth Management: 1,302 employer businesses here. Typical sale multiple: 2.7x - 4.0x Recurring Revenue.
Private Lending: 370 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Mortgage Brokerages: 88 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Restaurants & Food
6,904 related employer businesses in the Twin Cities.
Quick-Service & Fast Food: 2,618 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Full-Service Restaurants: 2,382 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Coffee Shops: 772 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Grocery Stores & Markets: 569 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Liquor, Wine & Beer Stores: 472 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Bakeries: 91 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Ghost Kitchens. Typical sale multiple: 2.0x - 3.0x SDE.
Medical Practices
5,621 related employer businesses in the Twin Cities.
Dental Practices: 1,276 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Primary & Family Care: 1,119 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE.
Mental & Behavioral Health: 1,049 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Home Health & Hospice: 803 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Physical Therapy & Rehab: 463 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Veterinary Medicine: 384 employer businesses here. Typical sale multiple: 6.0x - 9.0x EBITDA.
Vision & Eye Care: 217 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Medical Labs & Imaging: 133 employer businesses here. Typical sale multiple: 4.5x - 6.5x EBITDA.
Specialty Medicine: 128 employer businesses here. Typical sale multiple: 5.0x - 7.0x EBITDA.
Urgent Care Clinics: 49 employer businesses here. Typical sale multiple: 4.0x - 6.0x EBITDA.
Retail Stores
3,941 related employer businesses in the Twin Cities.
Fashion, Apparel & Jewelry: 1,230 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE + Inventory.
Health, Beauty & Pharmacy: 788 employer businesses here. Typical sale multiple: 2.8x - 4.2x EBITDA.
Hardware, Garden & Building: 669 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Home Decor & Furniture: 496 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE + Inventory.
Sporting Goods & Firearms: 268 employer businesses here. Typical sale multiple: 2.3x - 3.4x SDE.
Hobby, Toys & Gift Shops: 266 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE + Inventory.
Electronics & Repair: 224 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Manufacturing
3,315 related employer businesses in the Twin Cities.
Metal Fabrication: 940 employer businesses here. Typical sale multiple: 3.2x - 4.2x SDE.
Printing & Plastics: 575 employer businesses here. Typical sale multiple: 2.9x - 4.9x SDE.
Food & Beverage Manufacturing: 461 employer businesses here. Typical sale multiple: 3.1x - 4.5x SDE.
Wood & Furniture Manufacturing: 390 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Medical & Chemical Manufacturing: 389 employer businesses here. Typical sale multiple: 4.5x - 8.0x EBITDA.
Electronics & Tech Manufacturing: 325 employer businesses here. Typical sale multiple: 4.0x - 7.5x EBITDA.
Construction Materials Manufacturing: 129 employer businesses here. Typical sale multiple: 2.5x - 5.0x EBITDA.
Textile & Apparel Manufacturing: 106 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Automotive & Boat
2,873 related employer businesses in the Twin Cities.
Auto Repair: 1,193 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.
Auto Parts: 515 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.
Car Dealerships: 435 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.
Collision Repair: 395 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Car Washes: 156 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.
Towing & Repo: 91 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.
Boat Dealerships: 48 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Marinas: 40 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.
Logistics & Transportation
2,396 related employer businesses in the Twin Cities.
General Freight Trucking: 1,549 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.
Freight Brokerage & 3PL: 241 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Warehousing & Fulfillment: 195 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Last-Mile & Courier: 187 employer businesses here. Typical sale multiple: 2.76x - 3.32x SDE.
Heavy Haul Transport: 89 employer businesses here. Typical sale multiple: 3.5x - 4.5x SDE.
Commercial Moving: 86 employer businesses here. Typical sale multiple: 1.5x - 3.0x SDE.
NEMT & Passenger Transport: 49 employer businesses here. Typical sale multiple: 2.1x - 3.1x SDE.
Port Drayage. Typical sale multiple: 2.5x - 3.5x SDE.
Beauty & Personal Care
2,167 related employer businesses in the Twin Cities.
Hair Salons: 1,133 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.
Nail Salons: 553 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.
Day Spas: 403 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.
Tattoo Shops: 403 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Massage Parlors: 403 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Barber Shops: 78 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.
Medical Spas. Typical sale multiple: 2.5x - 4.5x EBITDA.
Wholesale & Distribution
2,139 related employer businesses in the Twin Cities.
Industrial & Construction Supply: 886 employer businesses here. Typical sale multiple: 3.0x - 4.0x SDE.
Electronics, IT & Office Equipment Distribution: 451 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Food & Beverage Distribution: 380 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Chemicals, Plastics & Raw Materials Distribution: 142 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Packaging, Paper & JanSan Distribution: 108 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Consumer Goods & Apparel Distribution: 96 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Medical, Dental & Pharmaceutical Distribution: 76 employer businesses here. Typical sale multiple: 3.5x - 4.5x EBITDA.
Home Services
2,113 related employer businesses in the Twin Cities.
Residential Cleaning: 1,049 employer businesses here. Typical sale multiple: 1.5x - 2.6x SDE.
Commercial Cleaning: 1,049 employer businesses here. Typical sale multiple: 2.47x - 4.11x EBITDA.
Property Management: 947 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Pest Control: 61 employer businesses here. Typical sale multiple: 2.34x - 2.90x SDE.
Security Systems: 56 employer businesses here. Typical sale multiple: 3.0x - 4.9x EBITDA.
Audio Visual (AV). Typical sale multiple: 3.0x - 5.0x EBITDA.
Junk Removal. Typical sale multiple: 1.5x - 3.0x SDE.
Pool & Spa Service. Typical sale multiple: 3.0x - 4.0x EBITDA.
Technology & Media
2,107 related employer businesses in the Twin Cities.
Digital Marketing Agencies: 661 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Creative Agencies: 579 employer businesses here. Typical sale multiple: 1.8x - 3.0x SDE.
Media, Film & Studio Production: 320 employer businesses here. Typical sale multiple: 2.2x - 3.5x SDE.
Real Estate Media: 316 employer businesses here. Typical sale multiple: 1.5x - 2.8x SDE.
Software Companies (SaaS): 231 employer businesses here. Typical sale multiple: 3.5x - 5.5x SDE.
E-commerce & Online Brands. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Senior Care & Living
1,592 related employer businesses in the Twin Cities.
Non-Medical Home Care: 1,003 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Assisted Living Facilities: 385 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Senior Living Communities: 204 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Adult Day Services. Typical sale multiple: 2.5x - 4.0x SDE.
Pharmacies & Medical Supply
1,360 related employer businesses in the Twin Cities.
Home Infusion: 803 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Compounding Pharmacies: 281 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Specialty Pharmacies: 281 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Durable Medical Equipment (DME): 145 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.
Medical Supply Retail: 131 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Education & Childcare
1,158 related employer businesses in the Twin Cities.
Daycare Centers: 1,051 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.
Tutoring Centers: 107 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Preschools. Typical sale multiple: 3.12x - 4.0x SDE.
Gas Stations & Convenience
1,068 related employer businesses in the Twin Cities.
Gas Stations: 964 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.
Convenience Stores: 104 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Truck Stops & Travel Centers. Typical sale multiple: 3.5x - 5.5x EBITDA + Real Estate.
Health & Fitness
1,027 related employer businesses in the Twin Cities.
Gyms & Health Clubs: 552 employer businesses here. Typical sale multiple: 2.44x - 2.93x SDE.
Yoga Studios: 552 employer businesses here. Typical sale multiple: 2.07x - 2.50x SDE.
Pilates Studios: 552 employer businesses here. Typical sale multiple: 2.10x - 3.00x SDE.
Personal Training Studios: 552 employer businesses here. Typical sale multiple: 2.00x - 2.80x SDE.
Wellness & Recovery Centers: 475 employer businesses here. Typical sale multiple: 5.5x - 9.7x EBITDA.
Entertainment & Recreation
921 related employer businesses in the Twin Cities.
Bars & Pubs: 368 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Clubs & Lounges: 368 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.
Outdoor Recreation: 357 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Golf Courses: 127 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.
Bowling Alleys: 46 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.
Arcades & FECs: 23 employer businesses here. Typical sale multiple: 2.1x - 3.6x SDE.
Event Venues. Typical sale multiple: 2.8x - 3.5x Earnings.
Banquet Halls. Typical sale multiple: 3.5x - 4.5x Earnings.
Escape Rooms. Typical sale multiple: 1.5x - 3.5x SDE.
Hospitality & Travel
788 related employer businesses in the Twin Cities.
Hotels: 403 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.
Motels: 403 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.
Transportation Services: 253 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.
Travel Agencies: 105 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.
Campgrounds & RV Parks: 20 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Bed & Breakfasts / Inns: 7 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Pet Services
450 related employer businesses in the Twin Cities.
Pet Grooming & Spas: 329 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Boarding, Daycare & Training: 329 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Pet Retail & Specialty Supplies: 121 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE + Inventory.
Mobile & In-Home Pet Care. Typical sale multiple: 1.5x - 2.5x SDE + Fleet.
Energy & Utilities
442 related employer businesses in the Twin Cities.
Waste Management & Recycling: 213 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Water & Wastewater Services: 138 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Propane & Fuel Distribution: 74 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Solar & Renewable Energy: 10 employer businesses here. Typical sale multiple: 3.5x - 6.0x EBITDA.
Oil & Gas Services: 7 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA + Equipment.
E-commerce & Online Businesses
Amazon FBA Businesses. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Online Marketplaces. Typical sale multiple: 3.5x - 6.0x SDE.
Land & Agriculture
Crop Production. Typical sale multiple: 4.5x - 6.69x EBITDA.
Livestock & Ranching. Typical sale multiple: 3.0x - 5.76x EBITDA.
Agribusiness & Infrastructure. Typical sale multiple: 5.2x - 10.3x EBITDA.
AgTech & Precision Ag. Typical sale multiple: 8.3x - 12.1x EBITDA.
Agri-Tourism & Lifestyle. Typical sale multiple: 2.51x - 4.54x SDE.
Working with owners in Twin Cities
Business Advisors of America works with owners who are selling a business in Twin Cities. Contact us to talk about a sale.
FREQUENTLY ASKED QUESTIONS
Questions owners in Twin Cities ask
How long does it take to sell a business in Twin Cities?
The time depends on the price, the quality of the records and the number of qualified buyers.
How is a business valued in Twin Cities?
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 Twin Cities
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