Selling a Business in Goodhue County
Goodhue County has 1,294 employer businesses, and 87% 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
Goodhue County by the numbers
1,294
1,294
EMPLOYER BUSINESSES
87%
87%
SMALL EMPLOYER SHARE
3,285
3,285
BUSINESSES WITH NO EMPLOYEES
18,951
18,951
EMPLOYMENT
$1.0 billion
$1.0 billion
ANNUAL PAYROLL
532
532
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 Goodhue County compares
Goodhue County ranks 21st of 87 Minnesota counties and county equivalents for employer businesses.
The number of employer businesses grew 0.9% between 2018 and 2023.
Manufacturing makes up 7% of employer businesses in Goodhue County, compared with 4% in Minnesota.
532 employer businesses here have 5 to 49 employees.
Goodhue County ranks 21st of 87 Minnesota counties and county equivalents for employer businesses.
The number of employer businesses grew 0.9% between 2018 and 2023.
Manufacturing makes up 7% of employer businesses in Goodhue County, compared with 4% in Minnesota.
532 employer businesses here have 5 to 49 employees.
Industry mix
The largest industries by number of employer businesses:
Retail: 178 employer businesses
Repair, personal care and other services: 176 employer businesses
Health care and social assistance: 152 employer businesses
Construction: 152 employer businesses
Accommodation and food service: 104 employer businesses
The largest industries by number of employer businesses:
Retail: 178 employer businesses
Repair, personal care and other services: 176 employer businesses
Health care and social assistance: 152 employer businesses
Construction: 152 employer businesses
Accommodation and food service: 104 employer businesses
INDUSTRIES
What sells in Goodhue County
Retail, repair, personal care and other services, health care and social assistance, construction
Every kind of business we sell in Goodhue County
We sell businesses in every one of these industries in Goodhue 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.
Construction & Engineering
145 related employer businesses in Goodhue County.
General Contracting: 33 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Plumbing: 24 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 24 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.
Landscaping: 22 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Foundation & Site Prep: 21 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Interior Finishing: 20 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Electrical: 15 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Civil Engineering: 6 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.
Roofing & Siding: 4 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Restaurants & Food
91 related employer businesses in Goodhue County.
Full-Service Restaurants: 33 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Quick-Service & Fast Food: 32 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Grocery Stores & Markets: 11 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Liquor, Wine & Beer Stores: 10 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Coffee Shops: 5 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Financial & Professional Services
84 related employer businesses in Goodhue County.
Insurance Agencies: 34 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.
Real Estate Brokerages: 20 employer businesses here. Typical sale multiple: 2.5x - 4.5x SDE.
Accounting & Tax Practices: 15 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Wealth Management: 15 employer businesses here. Typical sale multiple: 2.7x - 4.0x Recurring Revenue.
Manufacturing
72 related employer businesses in Goodhue County.
Metal Fabrication: 19 employer businesses here. Typical sale multiple: 3.2x - 4.2x SDE.
Food & Beverage Manufacturing: 18 employer businesses here. Typical sale multiple: 3.1x - 4.5x SDE.
Wood & Furniture Manufacturing: 10 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Construction Materials Manufacturing: 10 employer businesses here. Typical sale multiple: 2.5x - 5.0x EBITDA.
Medical & Chemical Manufacturing: 7 employer businesses here. Typical sale multiple: 4.5x - 8.0x EBITDA.
Printing & Plastics: 5 employer businesses here. Typical sale multiple: 2.9x - 4.9x SDE.
Electronics & Tech Manufacturing: 3 employer businesses here. Typical sale multiple: 4.0x - 7.5x EBITDA.
Retail Stores
64 related employer businesses in Goodhue County.
Hardware, Garden & Building: 28 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Fashion, Apparel & Jewelry: 16 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE + Inventory.
Home Decor & Furniture: 6 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE + Inventory.
Health, Beauty & Pharmacy: 6 employer businesses here. Typical sale multiple: 2.8x - 4.2x EBITDA.
Sporting Goods & Firearms: 4 employer businesses here. Typical sale multiple: 2.3x - 3.4x SDE.
Hobby, Toys & Gift Shops: 4 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE + Inventory.
Automotive & Boat
56 related employer businesses in Goodhue County.
Auto Repair: 21 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.
Collision Repair: 12 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Auto Parts: 11 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.
Car Dealerships: 9 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.
Boat Dealerships: 3 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Logistics & Transportation
56 related employer businesses in Goodhue County.
General Freight Trucking: 48 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.
Heavy Haul Transport: 4 employer businesses here. Typical sale multiple: 3.5x - 4.5x SDE.
Last-Mile & Courier: 4 employer businesses here. Typical sale multiple: 2.76x - 3.32x SDE.
Medical Practices
48 related employer businesses in Goodhue County.
Dental Practices: 17 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Veterinary Medicine: 12 employer businesses here. Typical sale multiple: 6.0x - 9.0x EBITDA.
Primary & Family Care: 8 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE.
Vision & Eye Care: 4 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Mental & Behavioral Health: 4 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Home Health & Hospice: 3 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Gas Stations & Convenience
21 related employer businesses in Goodhue County.
Gas Stations: 21 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.
Beauty & Personal Care
18 related employer businesses in Goodhue County.
Hair Salons: 12 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.
Day Spas: 3 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.
Nail Salons: 3 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.
Tattoo Shops: 3 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Massage Parlors: 3 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Entertainment & Recreation
17 related employer businesses in Goodhue County.
Golf Courses: 7 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.
Bars & Pubs: 6 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Clubs & Lounges: 6 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.
Outdoor Recreation: 4 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Hospitality & Travel
17 related employer businesses in Goodhue County.
Hotels: 9 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.
Motels: 9 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.
Transportation Services: 5 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.
Campgrounds & RV Parks: 3 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Senior Care & Living
13 related employer businesses in Goodhue County.
Non-Medical Home Care: 8 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Assisted Living Facilities: 5 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Wholesale & Distribution
13 related employer businesses in Goodhue County.
Industrial & Construction Supply: 7 employer businesses here. Typical sale multiple: 3.0x - 4.0x SDE.
Food & Beverage Distribution: 3 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Consumer Goods & Apparel Distribution: 3 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Home Services
11 related employer businesses in Goodhue County.
Residential Cleaning: 11 employer businesses here. Typical sale multiple: 1.5x - 2.6x SDE.
Commercial Cleaning: 11 employer businesses here. Typical sale multiple: 2.47x - 4.11x EBITDA.
Education & Childcare
8 related employer businesses in Goodhue County.
Daycare Centers: 8 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.
Energy & Utilities
6 related employer businesses in Goodhue County.
Waste Management & Recycling: 6 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Health & Fitness
6 related employer businesses in Goodhue County.
Gyms & Health Clubs: 6 employer businesses here. Typical sale multiple: 2.44x - 2.93x SDE.
Yoga Studios: 6 employer businesses here. Typical sale multiple: 2.07x - 2.50x SDE.
Pilates Studios: 6 employer businesses here. Typical sale multiple: 2.10x - 3.00x SDE.
Personal Training Studios: 6 employer businesses here. Typical sale multiple: 2.00x - 2.80x SDE.
Pharmacies & Medical Supply
6 related employer businesses in Goodhue County.
Medical Supply Retail: 3 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Home Infusion: 3 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Pet Services
3 related employer businesses in Goodhue County.
Pet Grooming & Spas: 3 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Boarding, Daycare & Training: 3 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
We sell businesses in every one of these industries in Goodhue 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.
Construction & Engineering
145 related employer businesses in Goodhue County.
General Contracting: 33 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Plumbing: 24 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 24 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.
Landscaping: 22 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Foundation & Site Prep: 21 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Interior Finishing: 20 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Electrical: 15 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Civil Engineering: 6 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.
Roofing & Siding: 4 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Restaurants & Food
91 related employer businesses in Goodhue County.
Full-Service Restaurants: 33 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Quick-Service & Fast Food: 32 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Grocery Stores & Markets: 11 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Liquor, Wine & Beer Stores: 10 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Coffee Shops: 5 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Financial & Professional Services
84 related employer businesses in Goodhue County.
Insurance Agencies: 34 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.
Real Estate Brokerages: 20 employer businesses here. Typical sale multiple: 2.5x - 4.5x SDE.
Accounting & Tax Practices: 15 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Wealth Management: 15 employer businesses here. Typical sale multiple: 2.7x - 4.0x Recurring Revenue.
Manufacturing
72 related employer businesses in Goodhue County.
Metal Fabrication: 19 employer businesses here. Typical sale multiple: 3.2x - 4.2x SDE.
Food & Beverage Manufacturing: 18 employer businesses here. Typical sale multiple: 3.1x - 4.5x SDE.
Wood & Furniture Manufacturing: 10 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Construction Materials Manufacturing: 10 employer businesses here. Typical sale multiple: 2.5x - 5.0x EBITDA.
Medical & Chemical Manufacturing: 7 employer businesses here. Typical sale multiple: 4.5x - 8.0x EBITDA.
Printing & Plastics: 5 employer businesses here. Typical sale multiple: 2.9x - 4.9x SDE.
Electronics & Tech Manufacturing: 3 employer businesses here. Typical sale multiple: 4.0x - 7.5x EBITDA.
Retail Stores
64 related employer businesses in Goodhue County.
Hardware, Garden & Building: 28 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Fashion, Apparel & Jewelry: 16 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE + Inventory.
Home Decor & Furniture: 6 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE + Inventory.
Health, Beauty & Pharmacy: 6 employer businesses here. Typical sale multiple: 2.8x - 4.2x EBITDA.
Sporting Goods & Firearms: 4 employer businesses here. Typical sale multiple: 2.3x - 3.4x SDE.
Hobby, Toys & Gift Shops: 4 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE + Inventory.
Automotive & Boat
56 related employer businesses in Goodhue County.
Auto Repair: 21 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.
Collision Repair: 12 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Auto Parts: 11 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.
Car Dealerships: 9 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.
Boat Dealerships: 3 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Logistics & Transportation
56 related employer businesses in Goodhue County.
General Freight Trucking: 48 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.
Heavy Haul Transport: 4 employer businesses here. Typical sale multiple: 3.5x - 4.5x SDE.
Last-Mile & Courier: 4 employer businesses here. Typical sale multiple: 2.76x - 3.32x SDE.
Medical Practices
48 related employer businesses in Goodhue County.
Dental Practices: 17 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Veterinary Medicine: 12 employer businesses here. Typical sale multiple: 6.0x - 9.0x EBITDA.
Primary & Family Care: 8 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE.
Vision & Eye Care: 4 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Mental & Behavioral Health: 4 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Home Health & Hospice: 3 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Gas Stations & Convenience
21 related employer businesses in Goodhue County.
Gas Stations: 21 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.
Beauty & Personal Care
18 related employer businesses in Goodhue County.
Hair Salons: 12 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.
Day Spas: 3 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.
Nail Salons: 3 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.
Tattoo Shops: 3 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Massage Parlors: 3 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Entertainment & Recreation
17 related employer businesses in Goodhue County.
Golf Courses: 7 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.
Bars & Pubs: 6 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Clubs & Lounges: 6 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.
Outdoor Recreation: 4 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Hospitality & Travel
17 related employer businesses in Goodhue County.
Hotels: 9 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.
Motels: 9 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.
Transportation Services: 5 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.
Campgrounds & RV Parks: 3 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Senior Care & Living
13 related employer businesses in Goodhue County.
Non-Medical Home Care: 8 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Assisted Living Facilities: 5 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Wholesale & Distribution
13 related employer businesses in Goodhue County.
Industrial & Construction Supply: 7 employer businesses here. Typical sale multiple: 3.0x - 4.0x SDE.
Food & Beverage Distribution: 3 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Consumer Goods & Apparel Distribution: 3 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Home Services
11 related employer businesses in Goodhue County.
Residential Cleaning: 11 employer businesses here. Typical sale multiple: 1.5x - 2.6x SDE.
Commercial Cleaning: 11 employer businesses here. Typical sale multiple: 2.47x - 4.11x EBITDA.
Education & Childcare
8 related employer businesses in Goodhue County.
Daycare Centers: 8 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.
Energy & Utilities
6 related employer businesses in Goodhue County.
Waste Management & Recycling: 6 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Health & Fitness
6 related employer businesses in Goodhue County.
Gyms & Health Clubs: 6 employer businesses here. Typical sale multiple: 2.44x - 2.93x SDE.
Yoga Studios: 6 employer businesses here. Typical sale multiple: 2.07x - 2.50x SDE.
Pilates Studios: 6 employer businesses here. Typical sale multiple: 2.10x - 3.00x SDE.
Personal Training Studios: 6 employer businesses here. Typical sale multiple: 2.00x - 2.80x SDE.
Pharmacies & Medical Supply
6 related employer businesses in Goodhue County.
Medical Supply Retail: 3 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Home Infusion: 3 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Pet Services
3 related employer businesses in Goodhue County.
Pet Grooming & Spas: 3 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Boarding, Daycare & Training: 3 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Working with owners in Goodhue County
Business Advisors of America works with owners who are selling a business in Goodhue County. Contact us to talk about a sale.
FREQUENTLY ASKED QUESTIONS
Questions owners in Goodhue County ask
How long does it take to sell a business in Goodhue 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 Goodhue 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 Goodhue 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