Selling a Business in Connecticut
Selling a business in Connecticut means pricing it correctly, preparing the records a buyer will ask for and finding a buyer who can pay and close. Connecticut has 89,234 employer businesses and about 331,901 more with no employees. This page covers the numbers, the steps and what buyers look for.
LOCAL SNAPSHOT
Connecticut by the numbers
89,234
89,234
EMPLOYER BUSINESSES
84%
84%
SMALL EMPLOYER SHARE
331,901
331,901
BUSINESSES WITH NO EMPLOYEES
1,536,698
1,536,698
EMPLOYMENT
$117.6 billion
$117.6 billion
ANNUAL PAYROLL
37,578
37,578
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 Connecticut compares
Connecticut ranks 30th among the 50 states and the District of Columbia for employer businesses.
The number of employer businesses grew 0.2% between 2018 and 2023.
Manufacturing makes up 4% of employer businesses in Connecticut, compared with 3% nationwide.
37,578 employer businesses here have 5 to 49 employees.
Connecticut ranks 30th among the 50 states and the District of Columbia for employer businesses.
The number of employer businesses grew 0.2% between 2018 and 2023.
Manufacturing makes up 4% of employer businesses in Connecticut, compared with 3% nationwide.
37,578 employer businesses here have 5 to 49 employees.
How a sale works in Connecticut
A sale follows the same sequence in every market. The business is valued from its earnings, assets, size and industry. The records a buyer will ask for are prepared. The business is marketed without naming it, and buyers are asked to sign a non-disclosure agreement before they see the name or the financial statements. Each buyer is checked for money and fit, the letter of intent is negotiated, the buyer's review of the books is managed, and the sale is carried to closing.
State rules on tax clearance, bulk sale notices and the transfer of permits and licenses differ from state to state.
Rules that apply in Connecticut
Notice when assets are sold
Connecticut repealed its bulk transfer law, the Uniform Commercial Code rules on selling business assets in bulk, effective October 1, 1993. The statute says rights and obligations that arose before the repeal can still be enforced (Connecticut General Statutes, Article 6).
Sales tax and the buyer's liability
Connecticut's Department of Revenue Services says the buyer of a business or its stock of goods is liable for certain taxes the seller owes, such as sales and use tax and income tax withholding, a rule called successor liability. A buyer can ask for a tax clearance certificate on Form AU-866, and if the Department does not answer within 60 days the buyer is released from the duty to withhold. A buyer who does not withhold enough of the price is personally liable for the seller's unpaid taxes up to the purchase price (Department of Revenue Services publication IP 2018(10)).
Permits and registrations
Connecticut's Department of Revenue Services says a buyer of an existing business may not use the Sales and Use Tax Permit issued to the previous owner. The Department says a buyer cannot use the previous owner's registration number either (Department of Revenue Services page on registering a business).
Unemployment insurance account
Connecticut law says the successors or assigns of a former employer take over the predecessor's experience rating records, the history used to set an employer's unemployment tax rate. The statute makes one exception: experience does not pass when the seller leased its premises and equipment from a third party, transferred no assets to the buyer, and the two share no common controlling interest (Connecticut General Statutes section 31-225a).
These points come from official Connecticut agency pages checked on 2026-10-24. Rules change, so check the linked agency page for the current version. This is general information and not legal or tax advice.
A sale follows the same sequence in every market. The business is valued from its earnings, assets, size and industry. The records a buyer will ask for are prepared. The business is marketed without naming it, and buyers are asked to sign a non-disclosure agreement before they see the name or the financial statements. Each buyer is checked for money and fit, the letter of intent is negotiated, the buyer's review of the books is managed, and the sale is carried to closing.
State rules on tax clearance, bulk sale notices and the transfer of permits and licenses differ from state to state.
Rules that apply in Connecticut
Notice when assets are sold
Connecticut repealed its bulk transfer law, the Uniform Commercial Code rules on selling business assets in bulk, effective October 1, 1993. The statute says rights and obligations that arose before the repeal can still be enforced (Connecticut General Statutes, Article 6).
Sales tax and the buyer's liability
Connecticut's Department of Revenue Services says the buyer of a business or its stock of goods is liable for certain taxes the seller owes, such as sales and use tax and income tax withholding, a rule called successor liability. A buyer can ask for a tax clearance certificate on Form AU-866, and if the Department does not answer within 60 days the buyer is released from the duty to withhold. A buyer who does not withhold enough of the price is personally liable for the seller's unpaid taxes up to the purchase price (Department of Revenue Services publication IP 2018(10)).
Permits and registrations
Connecticut's Department of Revenue Services says a buyer of an existing business may not use the Sales and Use Tax Permit issued to the previous owner. The Department says a buyer cannot use the previous owner's registration number either (Department of Revenue Services page on registering a business).
Unemployment insurance account
Connecticut law says the successors or assigns of a former employer take over the predecessor's experience rating records, the history used to set an employer's unemployment tax rate. The statute makes one exception: experience does not pass when the seller leased its premises and equipment from a third party, transferred no assets to the buyer, and the two share no common controlling interest (Connecticut General Statutes section 31-225a).
These points come from official Connecticut agency pages checked on 2026-10-24. Rules change, so check the linked agency page for the current version. This is general information and not legal or tax advice.
What buyers look for
Buyers look first at profit that holds up under review. Three years of tax returns and profit and loss statements that match each other carry more weight than a high number that cannot be shown.
How much of the business depends on the owner
How concentrated sales are among a few customers
The lease, its remaining term and the landlord's consent to a sale
The condition of equipment and the contracts that transfer
Buyers look first at profit that holds up under review. Three years of tax returns and profit and loss statements that match each other carry more weight than a high number that cannot be shown.
How much of the business depends on the owner
How concentrated sales are among a few customers
The lease, its remaining term and the landlord's consent to a sale
The condition of equipment and the contracts that transfer
INDUSTRIES
What sells in Connecticut
Health care and social assistance, retail, repair, personal care and other services, professional and technical services
Every kind of business we sell in Connecticut
We sell businesses in every one of these industries in Connecticut. 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
9,924 related employer businesses in Connecticut.
Landscaping: 2,170 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
General Contracting: 2,100 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Plumbing: 1,318 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 1,318 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.
Interior Finishing: 1,205 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Electrical: 1,204 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Foundation & Site Prep: 699 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Civil Engineering: 529 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.
Masonry: 289 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.
Roofing & Siding: 242 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Remediation & Restoration: 98 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Carpentry & Framing: 70 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Restaurants & Food
9,383 related employer businesses in Connecticut.
Full-Service Restaurants: 3,484 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Quick-Service & Fast Food: 2,883 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Coffee Shops: 1,158 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Liquor, Wine & Beer Stores: 940 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Grocery Stores & Markets: 767 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Bakeries: 151 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Ghost Kitchens. Typical sale multiple: 2.0x - 3.0x SDE.
Medical Practices
7,081 related employer businesses in Connecticut.
Primary & Family Care: 2,648 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE.
Dental Practices: 1,625 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Mental & Behavioral Health: 729 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Physical Therapy & Rehab: 520 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Medical Labs & Imaging: 406 employer businesses here. Typical sale multiple: 4.5x - 6.5x EBITDA.
Veterinary Medicine: 378 employer businesses here. Typical sale multiple: 6.0x - 9.0x EBITDA.
Home Health & Hospice: 279 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Vision & Eye Care: 239 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Specialty Medicine: 178 employer businesses here. Typical sale multiple: 5.0x - 7.0x EBITDA.
Urgent Care Clinics: 79 employer businesses here. Typical sale multiple: 4.0x - 6.0x EBITDA.
Financial & Professional Services
4,711 related employer businesses in Connecticut.
Accounting & Tax Practices: 1,308 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Insurance Agencies: 1,229 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.
Wealth Management: 1,142 employer businesses here. Typical sale multiple: 2.7x - 4.0x Recurring Revenue.
Real Estate Brokerages: 755 employer businesses here. Typical sale multiple: 2.5x - 4.5x SDE.
Private Lending: 186 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Mortgage Brokerages: 91 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Retail Stores
4,479 related employer businesses in Connecticut.
Fashion, Apparel & Jewelry: 1,324 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE + Inventory.
Health, Beauty & Pharmacy: 991 employer businesses here. Typical sale multiple: 2.8x - 4.2x EBITDA.
Hardware, Garden & Building: 842 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Home Decor & Furniture: 517 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE + Inventory.
Hobby, Toys & Gift Shops: 324 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE + Inventory.
Electronics & Repair: 244 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Sporting Goods & Firearms: 237 employer businesses here. Typical sale multiple: 2.3x - 3.4x SDE.
Manufacturing
2,978 related employer businesses in Connecticut.
Metal Fabrication: 1,016 employer businesses here. Typical sale multiple: 3.2x - 4.2x SDE.
Food & Beverage Manufacturing: 465 employer businesses here. Typical sale multiple: 3.1x - 4.5x SDE.
Printing & Plastics: 385 employer businesses here. Typical sale multiple: 2.9x - 4.9x SDE.
Electronics & Tech Manufacturing: 329 employer businesses here. Typical sale multiple: 4.0x - 7.5x EBITDA.
Wood & Furniture Manufacturing: 283 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Medical & Chemical Manufacturing: 275 employer businesses here. Typical sale multiple: 4.5x - 8.0x EBITDA.
Construction Materials Manufacturing: 137 employer businesses here. Typical sale multiple: 2.5x - 5.0x EBITDA.
Textile & Apparel Manufacturing: 88 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Automotive & Boat
2,976 related employer businesses in Connecticut.
Auto Repair: 1,085 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.
Car Dealerships: 555 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.
Auto Parts: 480 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.
Collision Repair: 383 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Car Washes: 218 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.
Marinas: 132 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.
Boat Dealerships: 63 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Towing & Repo: 60 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.
Beauty & Personal Care
2,372 related employer businesses in Connecticut.
Hair Salons: 1,049 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.
Nail Salons: 781 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.
Day Spas: 463 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.
Tattoo Shops: 463 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Massage Parlors: 463 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Barber Shops: 79 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.
Medical Spas. Typical sale multiple: 2.5x - 4.5x EBITDA.
Wholesale & Distribution
1,970 related employer businesses in Connecticut.
Industrial & Construction Supply: 779 employer businesses here. Typical sale multiple: 3.0x - 4.0x SDE.
Food & Beverage Distribution: 387 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Electronics, IT & Office Equipment Distribution: 355 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Chemicals, Plastics & Raw Materials Distribution: 147 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Packaging, Paper & JanSan Distribution: 110 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Medical, Dental & Pharmaceutical Distribution: 107 employer businesses here. Typical sale multiple: 3.5x - 4.5x EBITDA.
Consumer Goods & Apparel Distribution: 85 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Home Services
1,565 related employer businesses in Connecticut.
Property Management: 715 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Residential Cleaning: 663 employer businesses here. Typical sale multiple: 1.5x - 2.6x SDE.
Commercial Cleaning: 663 employer businesses here. Typical sale multiple: 2.47x - 4.11x EBITDA.
Pest Control: 104 employer businesses here. Typical sale multiple: 2.34x - 2.90x SDE.
Security Systems: 83 employer businesses here. Typical sale multiple: 3.0x - 4.9x EBITDA.
Audio Visual (AV). Typical sale multiple: 3.0x - 5.0x EBITDA.
Junk Removal. Typical sale multiple: 1.5x - 3.0x SDE.
Pool & Spa Service. Typical sale multiple: 3.0x - 4.0x EBITDA.
Logistics & Transportation
1,527 related employer businesses in Connecticut.
General Freight Trucking: 867 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.
Last-Mile & Courier: 172 employer businesses here. Typical sale multiple: 2.76x - 3.32x SDE.
Warehousing & Fulfillment: 161 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Freight Brokerage & 3PL: 137 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Commercial Moving: 111 employer businesses here. Typical sale multiple: 1.5x - 3.0x SDE.
Heavy Haul Transport: 41 employer businesses here. Typical sale multiple: 3.5x - 4.5x SDE.
NEMT & Passenger Transport: 38 employer businesses here. Typical sale multiple: 2.1x - 3.1x SDE.
Port Drayage. Typical sale multiple: 2.5x - 3.5x SDE.
Gas Stations & Convenience
1,517 related employer businesses in Connecticut.
Gas Stations: 1,060 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.
Convenience Stores: 457 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Truck Stops & Travel Centers. Typical sale multiple: 3.5x - 5.5x EBITDA + Real Estate.
Technology & Media
1,299 related employer businesses in Connecticut.
Digital Marketing Agencies: 426 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Creative Agencies: 327 employer businesses here. Typical sale multiple: 1.8x - 3.0x SDE.
Media, Film & Studio Production: 239 employer businesses here. Typical sale multiple: 2.2x - 3.5x SDE.
Software Companies (SaaS): 188 employer businesses here. Typical sale multiple: 3.5x - 5.5x SDE.
Real Estate Media: 119 employer businesses here. Typical sale multiple: 1.5x - 2.8x SDE.
E-commerce & Online Brands. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Education & Childcare
1,050 related employer businesses in Connecticut.
Daycare Centers: 948 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.
Tutoring Centers: 102 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Preschools. Typical sale multiple: 3.12x - 4.0x SDE.
Health & Fitness
1,008 related employer businesses in Connecticut.
Gyms & Health Clubs: 578 employer businesses here. Typical sale multiple: 2.44x - 2.93x SDE.
Yoga Studios: 578 employer businesses here. Typical sale multiple: 2.07x - 2.50x SDE.
Pilates Studios: 578 employer businesses here. Typical sale multiple: 2.10x - 3.00x SDE.
Personal Training Studios: 578 employer businesses here. Typical sale multiple: 2.00x - 2.80x SDE.
Wellness & Recovery Centers: 430 employer businesses here. Typical sale multiple: 5.5x - 9.7x EBITDA.
Pharmacies & Medical Supply
962 related employer businesses in Connecticut.
Compounding Pharmacies: 463 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Specialty Pharmacies: 463 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Home Infusion: 279 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Durable Medical Equipment (DME): 111 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.
Medical Supply Retail: 109 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Senior Care & Living
911 related employer businesses in Connecticut.
Non-Medical Home Care: 685 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Assisted Living Facilities: 170 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Senior Living Communities: 56 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Adult Day Services. Typical sale multiple: 2.5x - 4.0x SDE.
Hospitality & Travel
840 related employer businesses in Connecticut.
Hotels: 347 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.
Motels: 347 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.
Transportation Services: 337 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.
Travel Agencies: 100 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.
Campgrounds & RV Parks: 34 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Bed & Breakfasts / Inns: 22 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Energy & Utilities
737 related employer businesses in Connecticut.
Propane & Fuel Distribution: 370 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Waste Management & Recycling: 226 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Water & Wastewater Services: 120 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Oil & Gas Services: 12 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA + Equipment.
Solar & Renewable Energy: 9 employer businesses here. Typical sale multiple: 3.5x - 6.0x EBITDA.
Entertainment & Recreation
705 related employer businesses in Connecticut.
Outdoor Recreation: 269 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Bars & Pubs: 243 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Clubs & Lounges: 243 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.
Golf Courses: 139 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.
Arcades & FECs: 27 employer businesses here. Typical sale multiple: 2.1x - 3.6x SDE.
Bowling Alleys: 27 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.
Event Venues. Typical sale multiple: 2.8x - 3.5x Earnings.
Banquet Halls. Typical sale multiple: 3.5x - 4.5x Earnings.
Escape Rooms. Typical sale multiple: 1.5x - 3.5x SDE.
Pet Services
486 related employer businesses in Connecticut.
Pet Grooming & Spas: 362 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Boarding, Daycare & Training: 362 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Pet Retail & Specialty Supplies: 124 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE + Inventory.
Mobile & In-Home Pet Care. Typical sale multiple: 1.5x - 2.5x SDE + Fleet.
E-commerce & Online Businesses
Amazon FBA Businesses. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Online Marketplaces. Typical sale multiple: 3.5x - 6.0x SDE.
Land & Agriculture
Crop Production. Typical sale multiple: 4.5x - 6.69x EBITDA.
Livestock & Ranching. Typical sale multiple: 3.0x - 5.76x EBITDA.
Agribusiness & Infrastructure. Typical sale multiple: 5.2x - 10.3x EBITDA.
AgTech & Precision Ag. Typical sale multiple: 8.3x - 12.1x EBITDA.
Agri-Tourism & Lifestyle. Typical sale multiple: 2.51x - 4.54x SDE.
We sell businesses in every one of these industries in Connecticut. 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
9,924 related employer businesses in Connecticut.
Landscaping: 2,170 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
General Contracting: 2,100 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Plumbing: 1,318 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 1,318 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.
Interior Finishing: 1,205 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Electrical: 1,204 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Foundation & Site Prep: 699 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Civil Engineering: 529 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.
Masonry: 289 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.
Roofing & Siding: 242 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Remediation & Restoration: 98 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Carpentry & Framing: 70 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Restaurants & Food
9,383 related employer businesses in Connecticut.
Full-Service Restaurants: 3,484 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Quick-Service & Fast Food: 2,883 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Coffee Shops: 1,158 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Liquor, Wine & Beer Stores: 940 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Grocery Stores & Markets: 767 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Bakeries: 151 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Ghost Kitchens. Typical sale multiple: 2.0x - 3.0x SDE.
Medical Practices
7,081 related employer businesses in Connecticut.
Primary & Family Care: 2,648 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE.
Dental Practices: 1,625 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Mental & Behavioral Health: 729 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Physical Therapy & Rehab: 520 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Medical Labs & Imaging: 406 employer businesses here. Typical sale multiple: 4.5x - 6.5x EBITDA.
Veterinary Medicine: 378 employer businesses here. Typical sale multiple: 6.0x - 9.0x EBITDA.
Home Health & Hospice: 279 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Vision & Eye Care: 239 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Specialty Medicine: 178 employer businesses here. Typical sale multiple: 5.0x - 7.0x EBITDA.
Urgent Care Clinics: 79 employer businesses here. Typical sale multiple: 4.0x - 6.0x EBITDA.
Financial & Professional Services
4,711 related employer businesses in Connecticut.
Accounting & Tax Practices: 1,308 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Insurance Agencies: 1,229 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.
Wealth Management: 1,142 employer businesses here. Typical sale multiple: 2.7x - 4.0x Recurring Revenue.
Real Estate Brokerages: 755 employer businesses here. Typical sale multiple: 2.5x - 4.5x SDE.
Private Lending: 186 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Mortgage Brokerages: 91 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Retail Stores
4,479 related employer businesses in Connecticut.
Fashion, Apparel & Jewelry: 1,324 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE + Inventory.
Health, Beauty & Pharmacy: 991 employer businesses here. Typical sale multiple: 2.8x - 4.2x EBITDA.
Hardware, Garden & Building: 842 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Home Decor & Furniture: 517 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE + Inventory.
Hobby, Toys & Gift Shops: 324 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE + Inventory.
Electronics & Repair: 244 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Sporting Goods & Firearms: 237 employer businesses here. Typical sale multiple: 2.3x - 3.4x SDE.
Manufacturing
2,978 related employer businesses in Connecticut.
Metal Fabrication: 1,016 employer businesses here. Typical sale multiple: 3.2x - 4.2x SDE.
Food & Beverage Manufacturing: 465 employer businesses here. Typical sale multiple: 3.1x - 4.5x SDE.
Printing & Plastics: 385 employer businesses here. Typical sale multiple: 2.9x - 4.9x SDE.
Electronics & Tech Manufacturing: 329 employer businesses here. Typical sale multiple: 4.0x - 7.5x EBITDA.
Wood & Furniture Manufacturing: 283 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Medical & Chemical Manufacturing: 275 employer businesses here. Typical sale multiple: 4.5x - 8.0x EBITDA.
Construction Materials Manufacturing: 137 employer businesses here. Typical sale multiple: 2.5x - 5.0x EBITDA.
Textile & Apparel Manufacturing: 88 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Automotive & Boat
2,976 related employer businesses in Connecticut.
Auto Repair: 1,085 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.
Car Dealerships: 555 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.
Auto Parts: 480 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.
Collision Repair: 383 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Car Washes: 218 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.
Marinas: 132 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.
Boat Dealerships: 63 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Towing & Repo: 60 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.
Beauty & Personal Care
2,372 related employer businesses in Connecticut.
Hair Salons: 1,049 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.
Nail Salons: 781 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.
Day Spas: 463 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.
Tattoo Shops: 463 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Massage Parlors: 463 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Barber Shops: 79 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.
Medical Spas. Typical sale multiple: 2.5x - 4.5x EBITDA.
Wholesale & Distribution
1,970 related employer businesses in Connecticut.
Industrial & Construction Supply: 779 employer businesses here. Typical sale multiple: 3.0x - 4.0x SDE.
Food & Beverage Distribution: 387 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Electronics, IT & Office Equipment Distribution: 355 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Chemicals, Plastics & Raw Materials Distribution: 147 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Packaging, Paper & JanSan Distribution: 110 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Medical, Dental & Pharmaceutical Distribution: 107 employer businesses here. Typical sale multiple: 3.5x - 4.5x EBITDA.
Consumer Goods & Apparel Distribution: 85 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Home Services
1,565 related employer businesses in Connecticut.
Property Management: 715 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Residential Cleaning: 663 employer businesses here. Typical sale multiple: 1.5x - 2.6x SDE.
Commercial Cleaning: 663 employer businesses here. Typical sale multiple: 2.47x - 4.11x EBITDA.
Pest Control: 104 employer businesses here. Typical sale multiple: 2.34x - 2.90x SDE.
Security Systems: 83 employer businesses here. Typical sale multiple: 3.0x - 4.9x EBITDA.
Audio Visual (AV). Typical sale multiple: 3.0x - 5.0x EBITDA.
Junk Removal. Typical sale multiple: 1.5x - 3.0x SDE.
Pool & Spa Service. Typical sale multiple: 3.0x - 4.0x EBITDA.
Logistics & Transportation
1,527 related employer businesses in Connecticut.
General Freight Trucking: 867 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.
Last-Mile & Courier: 172 employer businesses here. Typical sale multiple: 2.76x - 3.32x SDE.
Warehousing & Fulfillment: 161 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Freight Brokerage & 3PL: 137 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Commercial Moving: 111 employer businesses here. Typical sale multiple: 1.5x - 3.0x SDE.
Heavy Haul Transport: 41 employer businesses here. Typical sale multiple: 3.5x - 4.5x SDE.
NEMT & Passenger Transport: 38 employer businesses here. Typical sale multiple: 2.1x - 3.1x SDE.
Port Drayage. Typical sale multiple: 2.5x - 3.5x SDE.
Gas Stations & Convenience
1,517 related employer businesses in Connecticut.
Gas Stations: 1,060 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.
Convenience Stores: 457 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Truck Stops & Travel Centers. Typical sale multiple: 3.5x - 5.5x EBITDA + Real Estate.
Technology & Media
1,299 related employer businesses in Connecticut.
Digital Marketing Agencies: 426 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Creative Agencies: 327 employer businesses here. Typical sale multiple: 1.8x - 3.0x SDE.
Media, Film & Studio Production: 239 employer businesses here. Typical sale multiple: 2.2x - 3.5x SDE.
Software Companies (SaaS): 188 employer businesses here. Typical sale multiple: 3.5x - 5.5x SDE.
Real Estate Media: 119 employer businesses here. Typical sale multiple: 1.5x - 2.8x SDE.
E-commerce & Online Brands. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Education & Childcare
1,050 related employer businesses in Connecticut.
Daycare Centers: 948 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.
Tutoring Centers: 102 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Preschools. Typical sale multiple: 3.12x - 4.0x SDE.
Health & Fitness
1,008 related employer businesses in Connecticut.
Gyms & Health Clubs: 578 employer businesses here. Typical sale multiple: 2.44x - 2.93x SDE.
Yoga Studios: 578 employer businesses here. Typical sale multiple: 2.07x - 2.50x SDE.
Pilates Studios: 578 employer businesses here. Typical sale multiple: 2.10x - 3.00x SDE.
Personal Training Studios: 578 employer businesses here. Typical sale multiple: 2.00x - 2.80x SDE.
Wellness & Recovery Centers: 430 employer businesses here. Typical sale multiple: 5.5x - 9.7x EBITDA.
Pharmacies & Medical Supply
962 related employer businesses in Connecticut.
Compounding Pharmacies: 463 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Specialty Pharmacies: 463 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Home Infusion: 279 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Durable Medical Equipment (DME): 111 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.
Medical Supply Retail: 109 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Senior Care & Living
911 related employer businesses in Connecticut.
Non-Medical Home Care: 685 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Assisted Living Facilities: 170 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Senior Living Communities: 56 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Adult Day Services. Typical sale multiple: 2.5x - 4.0x SDE.
Hospitality & Travel
840 related employer businesses in Connecticut.
Hotels: 347 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.
Motels: 347 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.
Transportation Services: 337 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.
Travel Agencies: 100 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.
Campgrounds & RV Parks: 34 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Bed & Breakfasts / Inns: 22 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Energy & Utilities
737 related employer businesses in Connecticut.
Propane & Fuel Distribution: 370 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Waste Management & Recycling: 226 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Water & Wastewater Services: 120 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Oil & Gas Services: 12 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA + Equipment.
Solar & Renewable Energy: 9 employer businesses here. Typical sale multiple: 3.5x - 6.0x EBITDA.
Entertainment & Recreation
705 related employer businesses in Connecticut.
Outdoor Recreation: 269 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Bars & Pubs: 243 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Clubs & Lounges: 243 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.
Golf Courses: 139 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.
Arcades & FECs: 27 employer businesses here. Typical sale multiple: 2.1x - 3.6x SDE.
Bowling Alleys: 27 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.
Event Venues. Typical sale multiple: 2.8x - 3.5x Earnings.
Banquet Halls. Typical sale multiple: 3.5x - 4.5x Earnings.
Escape Rooms. Typical sale multiple: 1.5x - 3.5x SDE.
Pet Services
486 related employer businesses in Connecticut.
Pet Grooming & Spas: 362 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Boarding, Daycare & Training: 362 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Pet Retail & Specialty Supplies: 124 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE + Inventory.
Mobile & In-Home Pet Care. Typical sale multiple: 1.5x - 2.5x SDE + Fleet.
E-commerce & Online Businesses
Amazon FBA Businesses. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Online Marketplaces. Typical sale multiple: 3.5x - 6.0x SDE.
Land & Agriculture
Crop Production. Typical sale multiple: 4.5x - 6.69x EBITDA.
Livestock & Ranching. Typical sale multiple: 3.0x - 5.76x EBITDA.
Agribusiness & Infrastructure. Typical sale multiple: 5.2x - 10.3x EBITDA.
AgTech & Precision Ag. Typical sale multiple: 8.3x - 12.1x EBITDA.
Agri-Tourism & Lifestyle. Typical sale multiple: 2.51x - 4.54x SDE.
Metro areas in this state
Counties
Working with owners in Connecticut
Business Advisors of America works with owners who are selling a business in Connecticut. Contact us to talk about a sale.
FREQUENTLY ASKED QUESTIONS
Questions owners in Connecticut ask
How long does it take to sell a business in Connecticut?
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 Connecticut?
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.
What should I prepare before listing?
Three years of tax returns and profit and loss statements, a current balance sheet, the lease, a list of equipment and a summary of key contracts.
What is the difference between SDE and EBITDA?
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, and it is used for larger businesses that run without the owner.
FROM OUR BLOG
Guides for owners in Connecticut
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