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Socorro County

Selling a Business in Socorro County

Socorro County has 221 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.

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LOCAL SNAPSHOT

Socorro County by the numbers

221

221

EMPLOYER BUSINESSES

86%

86%

SMALL EMPLOYER SHARE

834

834

BUSINESSES WITH NO EMPLOYEES

2,772

2,772

EMPLOYMENT

$102 million

$102 million

ANNUAL PAYROLL

96

96

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 Socorro County compares

  • Socorro County ranks 24th of 33 New Mexico counties and county equivalents for employer businesses.

  • The number of employer businesses fell 7.5% between 2018 and 2023.

  • Accommodation and food service makes up 18% of employer businesses in Socorro County, compared with 11% in New Mexico.

  • 96 employer businesses here have 5 to 49 employees.

  • Socorro County ranks 24th of 33 New Mexico counties and county equivalents for employer businesses.

  • The number of employer businesses fell 7.5% between 2018 and 2023.

  • Accommodation and food service makes up 18% of employer businesses in Socorro County, compared with 11% in New Mexico.

  • 96 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

  • Accommodation and food service: 40 employer businesses

  • Retail: 36 employer businesses

  • Health care and social assistance: 34 employer businesses

  • Repair, personal care and other services: 20 employer businesses

  • Professional and technical services: 19 employer businesses

The largest industries by number of employer businesses:

  • Accommodation and food service: 40 employer businesses

  • Retail: 36 employer businesses

  • Health care and social assistance: 34 employer businesses

  • Repair, personal care and other services: 20 employer businesses

  • Professional and technical services: 19 employer businesses

INDUSTRIES

What sells in Socorro County

Accommodation and food service, retail, health care and social assistance, repair, personal care and other services

Bakeries

Restaurants & Food

Coffee Shops

Restaurants & Food

Bed & Breakfasts / Inns

Hospitality & Travel

Campgrounds & RV Parks

Hospitality & Travel

Electronics & Repair

Retail Stores

Fashion, Apparel & Jewelry

Retail Stores

Every kind of business we sell in Socorro County

We sell businesses in every one of these industries in Socorro 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

24 related employer businesses in Socorro County.

Gas Stations & Convenience

11 related employer businesses in Socorro County.

  • Gas Stations: 11 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.

Financial & Professional Services

10 related employer businesses in Socorro County.

Construction & Engineering

7 related employer businesses in Socorro County.

  • 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.

  • Electrical: 3 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

Hospitality & Travel

7 related employer businesses in Socorro 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.

Medical Practices

7 related employer businesses in Socorro County.

Retail Stores

5 related employer businesses in Socorro County.

Automotive & Boat

4 related employer businesses in Socorro County.

  • Auto Repair: 4 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

Senior Care & Living

3 related employer businesses in Socorro County.

We sell businesses in every one of these industries in Socorro 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

24 related employer businesses in Socorro County.

Gas Stations & Convenience

11 related employer businesses in Socorro County.

  • Gas Stations: 11 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.

Financial & Professional Services

10 related employer businesses in Socorro County.

Construction & Engineering

7 related employer businesses in Socorro County.

  • 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.

  • Electrical: 3 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

Hospitality & Travel

7 related employer businesses in Socorro 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.

Medical Practices

7 related employer businesses in Socorro County.

Retail Stores

5 related employer businesses in Socorro County.

Automotive & Boat

4 related employer businesses in Socorro County.

  • Auto Repair: 4 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

Senior Care & Living

3 related employer businesses in Socorro County.

Working with owners in Socorro County

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

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FREQUENTLY ASKED QUESTIONS

Questions owners in Socorro County ask

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

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How is a business valued in Socorro 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.

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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.

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FROM OUR BLOG

Guides for owners in Socorro 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