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Smyth County

Selling a Business in Smyth County

Smyth County has 499 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

Smyth County by the numbers

499

EMPLOYER BUSINESSES

86%

SMALL EMPLOYER SHARE

1,545

BUSINESSES WITH NO EMPLOYEES

8,169

EMPLOYMENT

$390 million

ANNUAL PAYROLL

221

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 Smyth County compares

Smyth County ranks 70th of 133 Virginia counties and county equivalents for employer businesses.
The number of employer businesses grew 0.2% between 2018 and 2023.
Manufacturing makes up 7% of employer businesses in Smyth County, compared with 2% in Virginia.
221 employer businesses here have 5 to 49 employees.

Smyth County ranks 70th of 133 Virginia counties and county equivalents for employer businesses.
The number of employer businesses grew 0.2% between 2018 and 2023.
Manufacturing makes up 7% of employer businesses in Smyth County, compared with 2% in Virginia.
221 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

Retail: 108 employer businesses
Repair, personal care and other services: 63 employer businesses
Accommodation and food service: 59 employer businesses
Health care and social assistance: 52 employer businesses
Construction: 40 employer businesses

The largest industries by number of employer businesses:

Retail: 108 employer businesses
Repair, personal care and other services: 63 employer businesses
Accommodation and food service: 59 employer businesses
Health care and social assistance: 52 employer businesses
Construction: 40 employer businesses

INDUSTRIES

What sells in Smyth County

Retail, repair, personal care and other services, accommodation and food service, health care and social assistance

Electronics & Repair

Retail Stores

Fashion, Apparel & Jewelry

Retail Stores

Barber Shops

Beauty & Personal Care

Day Spas

Beauty & Personal Care

Auto Parts

Automotive & Boat

Auto Repair

Automotive & Boat

Every kind of business we sell in Smyth County

These are the industries in Smyth 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.

Restaurants & Food

50 related employer businesses in Smyth County.

Quick-Service & Fast Food: 23 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Full-Service Restaurants: 22 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Grocery Stores & Markets: 5 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.

Construction & Engineering

34 related employer businesses in Smyth County.

General Contracting: 13 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Civil Engineering: 4 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.
Landscaping: 4 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Plumbing: 4 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 4 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.
Interior Finishing: 3 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Foundation & Site Prep: 3 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Electrical: 3 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

Retail Stores

33 related employer businesses in Smyth County.

Health, Beauty & Pharmacy: 10 employer businesses here. Typical sale multiple: 2.8x - 4.2x EBITDA.
Fashion, Apparel & Jewelry: 9 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE + Inventory.
Hardware, Garden & Building: 8 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Home Decor & Furniture: 6 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE + Inventory.

Medical Practices

28 related employer businesses in Smyth County.

Primary & Family Care: 16 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE.
Dental Practices: 9 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Physical Therapy & Rehab: 3 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

Automotive & Boat

25 related employer businesses in Smyth County.

Auto Repair: 11 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.
Collision Repair: 4 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.

Manufacturing

20 related employer businesses in Smyth County.

Metal Fabrication: 7 employer businesses here. Typical sale multiple: 3.2x - 4.2x SDE.
Wood & Furniture Manufacturing: 6 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Printing & Plastics: 4 employer businesses here. Typical sale multiple: 2.9x - 4.9x SDE.
Textile & Apparel Manufacturing: 3 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.

Gas Stations & Convenience

17 related employer businesses in Smyth County.

Gas Stations: 14 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.
Convenience Stores: 3 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.

Financial & Professional Services

15 related employer businesses in Smyth County.

Accounting & Tax Practices: 8 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Insurance Agencies: 7 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.

Logistics & Transportation

12 related employer businesses in Smyth County.

General Freight Trucking: 12 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.

Hospitality & Travel

7 related employer businesses in Smyth County.

Hotels: 7 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.
Motels: 7 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

Pharmacies & Medical Supply

7 related employer businesses in Smyth County.

Compounding Pharmacies: 7 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Specialty Pharmacies: 7 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.

Restaurants & Food

50 related employer businesses in Smyth County.

Quick-Service & Fast Food: 23 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Full-Service Restaurants: 22 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Grocery Stores & Markets: 5 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.

Construction & Engineering

34 related employer businesses in Smyth County.

General Contracting: 13 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Civil Engineering: 4 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.
Landscaping: 4 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Plumbing: 4 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 4 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.
Interior Finishing: 3 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Foundation & Site Prep: 3 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Electrical: 3 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

Retail Stores

33 related employer businesses in Smyth County.

Health, Beauty & Pharmacy: 10 employer businesses here. Typical sale multiple: 2.8x - 4.2x EBITDA.
Fashion, Apparel & Jewelry: 9 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE + Inventory.
Hardware, Garden & Building: 8 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Home Decor & Furniture: 6 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE + Inventory.

Medical Practices

28 related employer businesses in Smyth County.

Primary & Family Care: 16 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE.
Dental Practices: 9 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Physical Therapy & Rehab: 3 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

Automotive & Boat

25 related employer businesses in Smyth County.

Auto Repair: 11 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.
Collision Repair: 4 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.

Manufacturing

20 related employer businesses in Smyth County.

Metal Fabrication: 7 employer businesses here. Typical sale multiple: 3.2x - 4.2x SDE.
Wood & Furniture Manufacturing: 6 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Printing & Plastics: 4 employer businesses here. Typical sale multiple: 2.9x - 4.9x SDE.
Textile & Apparel Manufacturing: 3 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.

Gas Stations & Convenience

17 related employer businesses in Smyth County.

Gas Stations: 14 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.
Convenience Stores: 3 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.

Financial & Professional Services

15 related employer businesses in Smyth County.

Accounting & Tax Practices: 8 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Insurance Agencies: 7 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.

Logistics & Transportation

12 related employer businesses in Smyth County.

General Freight Trucking: 12 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.

Hospitality & Travel

7 related employer businesses in Smyth County.

Hotels: 7 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.
Motels: 7 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

Pharmacies & Medical Supply

7 related employer businesses in Smyth County.

Compounding Pharmacies: 7 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Specialty Pharmacies: 7 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.

Working with owners in Smyth County

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

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FREQUENTLY ASKED QUESTIONS

Questions owners in Smyth County ask

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

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

How is a business valued in Smyth 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 Smyth 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