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Richmond County

Selling a Business in Richmond County

Richmond County has 195 employer businesses, and 88% 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

Richmond County by the numbers

195

EMPLOYER BUSINESSES

88%

SMALL EMPLOYER SHARE

676

BUSINESSES WITH NO EMPLOYEES

1,819

EMPLOYMENT

$76 million

ANNUAL PAYROLL

83

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 Richmond County compares

Richmond County ranks 117th of 133 Virginia counties and county equivalents for employer businesses.
The number of employer businesses grew 16.8% between 2018 and 2023.
Wholesale makes up 6% of employer businesses in Richmond County, compared with 3% in Virginia.
83 employer businesses here have 5 to 49 employees.

Richmond County ranks 117th of 133 Virginia counties and county equivalents for employer businesses.
The number of employer businesses grew 16.8% between 2018 and 2023.
Wholesale makes up 6% of employer businesses in Richmond County, compared with 3% in Virginia.
83 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

Repair, personal care and other services: 34 employer businesses
Retail: 30 employer businesses
Construction: 24 employer businesses
Health care and social assistance: 17 employer businesses
Administrative and support services: 17 employer businesses

The largest industries by number of employer businesses:

Repair, personal care and other services: 34 employer businesses
Retail: 30 employer businesses
Construction: 24 employer businesses
Health care and social assistance: 17 employer businesses
Administrative and support services: 17 employer businesses

INDUSTRIES

What sells in Richmond County

Repair, personal care and other services, retail, construction, health care and social assistance

Barber Shops

Beauty & Personal Care

Day Spas

Beauty & Personal Care

Auto Parts

Automotive & Boat

Auto Repair

Automotive & Boat

Electronics & Repair

Retail Stores

Fashion, Apparel & Jewelry

Retail Stores

Every kind of business we sell in Richmond County

We sell businesses in every one of these industries in Richmond 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.

Restaurants & Food

10 related employer businesses in Richmond County.

Full-Service Restaurants: 7 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Quick-Service & Fast Food: 3 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.

Construction & Engineering

7 related employer businesses in Richmond County.

Foundation & Site Prep: 4 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Landscaping: 3 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

Gas Stations & Convenience

4 related employer businesses in Richmond County.

Gas Stations: 4 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.

Manufacturing

4 related employer businesses in Richmond County.

Wood & Furniture Manufacturing: 4 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.

Automotive & Boat

3 related employer businesses in Richmond County.

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

Education & Childcare

3 related employer businesses in Richmond County.

Daycare Centers: 3 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

Medical Practices

3 related employer businesses in Richmond County.

Primary & Family Care: 3 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE.

Retail Stores

3 related employer businesses in Richmond County.

Hardware, Garden & Building: 3 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.

Restaurants & Food

10 related employer businesses in Richmond County.

Full-Service Restaurants: 7 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Quick-Service & Fast Food: 3 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.

Construction & Engineering

7 related employer businesses in Richmond County.

Foundation & Site Prep: 4 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Landscaping: 3 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

Gas Stations & Convenience

4 related employer businesses in Richmond County.

Gas Stations: 4 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.

Manufacturing

4 related employer businesses in Richmond County.

Wood & Furniture Manufacturing: 4 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.

Automotive & Boat

3 related employer businesses in Richmond County.

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

Education & Childcare

3 related employer businesses in Richmond County.

Daycare Centers: 3 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

Medical Practices

3 related employer businesses in Richmond County.

Primary & Family Care: 3 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE.

Retail Stores

3 related employer businesses in Richmond County.

Hardware, Garden & Building: 3 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.

Working with owners in Richmond County

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

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FREQUENTLY ASKED QUESTIONS

Questions owners in Richmond County ask

How long does it take to sell a business in Richmond 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 Richmond 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 Richmond 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

Selling a Business in Richmond County

Areas in Virginia

Richmond County by the numbers

195

195

88%

88%

676

676

1,819

1,819

$76 million

$76 million

83

83

How Richmond County compares

Industry mix

What sells in Richmond County

Barber Shops

Day Spas

Auto Parts

Auto Repair

Electronics & Repair

Fashion, Apparel & Jewelry

Every kind of business we sell in Richmond County

Working with owners in Richmond County

Questions owners in Richmond County ask

Guides for owners in Richmond County