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Murray County

Selling a Business in Murray County

Murray County has 269 employer businesses, and 92% 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

Murray County by the numbers

269

EMPLOYER BUSINESSES

92%

SMALL EMPLOYER SHARE

741

BUSINESSES WITH NO EMPLOYEES

2,175

EMPLOYMENT

$104 million

ANNUAL PAYROLL

108

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 Murray County compares

Murray County ranks 74th of 87 Minnesota counties and county equivalents for employer businesses.
The number of employer businesses fell 8.2% between 2018 and 2023.
Transportation and warehousing makes up 6% of employer businesses in Murray County, compared with 3% in Minnesota.
108 employer businesses here have 5 to 49 employees.

Murray County ranks 74th of 87 Minnesota counties and county equivalents for employer businesses.
The number of employer businesses fell 8.2% between 2018 and 2023.
Transportation and warehousing makes up 6% of employer businesses in Murray County, compared with 3% in Minnesota.
108 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

Construction: 51 employer businesses
Repair, personal care and other services: 47 employer businesses
Retail: 37 employer businesses
Accommodation and food service: 20 employer businesses
Finance and insurance: 19 employer businesses

The largest industries by number of employer businesses:

Construction: 51 employer businesses
Repair, personal care and other services: 47 employer businesses
Retail: 37 employer businesses
Accommodation and food service: 20 employer businesses
Finance and insurance: 19 employer businesses

INDUSTRIES

What sells in Murray County

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

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 Murray County

We sell businesses in every one of these industries in Murray 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

39 related employer businesses in Murray County.

General Contracting: 16 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Foundation & Site Prep: 9 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Electrical: 8 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Plumbing: 6 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 6 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

Restaurants & Food

18 related employer businesses in Murray County.

Full-Service Restaurants: 8 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Liquor, Wine & Beer Stores: 6 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Quick-Service & Fast Food: 4 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.

Logistics & Transportation

14 related employer businesses in Murray County.

General Freight Trucking: 14 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.

Automotive & Boat

13 related employer businesses in Murray County.

Auto Repair: 6 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.
Collision Repair: 4 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Auto Parts: 3 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

Financial & Professional Services

13 related employer businesses in Murray County.

Insurance Agencies: 10 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.
Accounting & Tax Practices: 3 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

Entertainment & Recreation

6 related employer businesses in Murray County.

Bars & Pubs: 3 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Clubs & Lounges: 3 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.

Gas Stations & Convenience

6 related employer businesses in Murray County.

Gas Stations: 6 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.

Retail Stores

4 related employer businesses in Murray County.

Hardware, Garden & Building: 4 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.

Wholesale & Distribution

4 related employer businesses in Murray County.

Industrial & Construction Supply: 4 employer businesses here. Typical sale multiple: 3.0x - 4.0x SDE.

Energy & Utilities

3 related employer businesses in Murray County.

Solar & Renewable Energy: 3 employer businesses here. Typical sale multiple: 3.5x - 6.0x EBITDA.

Construction & Engineering

39 related employer businesses in Murray County.

General Contracting: 16 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Foundation & Site Prep: 9 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Electrical: 8 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Plumbing: 6 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 6 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

Restaurants & Food

18 related employer businesses in Murray County.

Full-Service Restaurants: 8 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Liquor, Wine & Beer Stores: 6 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Quick-Service & Fast Food: 4 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.

Logistics & Transportation

14 related employer businesses in Murray County.

General Freight Trucking: 14 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.

Automotive & Boat

13 related employer businesses in Murray County.

Auto Repair: 6 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.
Collision Repair: 4 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Auto Parts: 3 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

Financial & Professional Services

13 related employer businesses in Murray County.

Insurance Agencies: 10 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.
Accounting & Tax Practices: 3 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

Entertainment & Recreation

6 related employer businesses in Murray County.

Bars & Pubs: 3 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Clubs & Lounges: 3 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.

Gas Stations & Convenience

6 related employer businesses in Murray County.

Gas Stations: 6 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.

Retail Stores

4 related employer businesses in Murray County.

Hardware, Garden & Building: 4 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.

Wholesale & Distribution

4 related employer businesses in Murray County.

Industrial & Construction Supply: 4 employer businesses here. Typical sale multiple: 3.0x - 4.0x SDE.

Energy & Utilities

3 related employer businesses in Murray County.

Solar & Renewable Energy: 3 employer businesses here. Typical sale multiple: 3.5x - 6.0x EBITDA.

Working with owners in Murray County

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

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FREQUENTLY ASKED QUESTIONS

Questions owners in Murray County ask

How long does it take to sell a business in Murray 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.

How is a business valued in Murray 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 Murray 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