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Panola County

Selling a Business in Panola County

Panola County has 479 employer businesses, and 86% 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 repair, personal care and other services.

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LOCAL SNAPSHOT

Panola County by the numbers

479

479

EMPLOYER BUSINESSES

86%

86%

SMALL EMPLOYER SHARE

2,159

2,159

BUSINESSES WITH NO EMPLOYEES

6,733

6,733

EMPLOYMENT

$368 million

$368 million

ANNUAL PAYROLL

209

209

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 Panola County compares

  • Panola County ranks 109th of 254 Texas counties and county equivalents for employer businesses.

  • The number of employer businesses fell 0.2% between 2018 and 2023.

  • Mining and oil and gas makes up 10% of employer businesses in Panola County, compared with 1% in Texas.

  • 209 employer businesses here have 5 to 49 employees.

  • Panola County ranks 109th of 254 Texas counties and county equivalents for employer businesses.

  • The number of employer businesses fell 0.2% between 2018 and 2023.

  • Mining and oil and gas makes up 10% of employer businesses in Panola County, compared with 1% in Texas.

  • 209 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

  • Retail: 72 employer businesses

  • Repair, personal care and other services: 55 employer businesses

  • Mining and oil and gas: 49 employer businesses

  • Professional and technical services: 47 employer businesses

  • Construction: 41 employer businesses

The largest industries by number of employer businesses:

  • Retail: 72 employer businesses

  • Repair, personal care and other services: 55 employer businesses

  • Mining and oil and gas: 49 employer businesses

  • Professional and technical services: 47 employer businesses

  • Construction: 41 employer businesses

INDUSTRIES

What sells in Panola County

Retail, repair, personal care and other services, mining and oil and gas, professional and technical services

Every kind of business we sell in Panola County

These are the industries in Panola 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.

Energy & Utilities

50 related employer businesses in Panola County.

Construction & Engineering

32 related employer businesses in Panola County.

  • Plumbing: 12 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 12 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Civil Engineering: 5 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Foundation & Site Prep: 5 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Interior Finishing: 4 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • General Contracting: 3 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Landscaping: 3 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

Restaurants & Food

29 related employer businesses in Panola County.

Financial & Professional Services

19 related employer businesses in Panola County.

Retail Stores

19 related employer businesses in Panola County.

Logistics & Transportation

16 related employer businesses in Panola County.

Automotive & Boat

13 related employer businesses in Panola County.

  • Auto Repair: 5 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Auto Parts: 5 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Car Dealerships: 3 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

Wholesale & Distribution

9 related employer businesses in Panola County.

Gas Stations & Convenience

8 related employer businesses in Panola County.

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

Hospitality & Travel

6 related employer businesses in Panola County.

  • Hotels: 6 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 6 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

Medical Practices

6 related employer businesses in Panola County.

Education & Childcare

5 related employer businesses in Panola County.

  • Daycare Centers: 5 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

Home Services

3 related employer businesses in Panola County.

These are the industries in Panola 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.

Energy & Utilities

50 related employer businesses in Panola County.

Construction & Engineering

32 related employer businesses in Panola County.

  • Plumbing: 12 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 12 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Civil Engineering: 5 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Foundation & Site Prep: 5 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Interior Finishing: 4 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • General Contracting: 3 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Landscaping: 3 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

Restaurants & Food

29 related employer businesses in Panola County.

Financial & Professional Services

19 related employer businesses in Panola County.

Retail Stores

19 related employer businesses in Panola County.

Logistics & Transportation

16 related employer businesses in Panola County.

Automotive & Boat

13 related employer businesses in Panola County.

  • Auto Repair: 5 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Auto Parts: 5 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Car Dealerships: 3 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

Wholesale & Distribution

9 related employer businesses in Panola County.

Gas Stations & Convenience

8 related employer businesses in Panola County.

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

Hospitality & Travel

6 related employer businesses in Panola County.

  • Hotels: 6 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 6 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

Medical Practices

6 related employer businesses in Panola County.

Education & Childcare

5 related employer businesses in Panola County.

  • Daycare Centers: 5 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

Home Services

3 related employer businesses in Panola County.

Working with owners in Panola County

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

FREQUENTLY ASKED QUESTIONS

Questions owners in Panola County ask

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

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

How is a business valued in Panola 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 Panola 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