Selling a Business in Noble County
Noble County has 921 employer businesses, and 84% of them have fewer than 20 employees. This page shows the local mix of industries and how a sale is handled here.
Areas in Indiana
Adams County
Blackford County
Bloomington
Cass County
Clinton County
Columbus
Daviess County
Decatur County
DeKalb County
Dubois County
Elkhart
Evansville
Fayette County
Fort Wayne
Fountain County
Fulton County
Gibson County
Grant County
Greene County
Henry County
Huntington County
Indianapolis
Jackson County
Jay County
Jefferson County
Jennings County
Knox County
Kokomo
Kosciusko County
Lafayette
LaGrange County
Lawrence County
Marion County
Marshall County
Martin County
Miami County
Michigan City
Montgomery County
Muncie
Noble County
Orange County
Parke County
Perry County
Pike County
Pulaski County
Putnam County
Randolph County
Ripley County
Rush County
Scott County
South Bend
Spencer County
Starke County
Steuben County
Terre Haute
Wabash County
Wayne County
White County
LOCAL SNAPSHOT
Noble County by the numbers
921
921
EMPLOYER BUSINESSES
84%
84%
SMALL EMPLOYER SHARE
3,215
3,215
BUSINESSES WITH NO EMPLOYEES
15,650
15,650
EMPLOYMENT
$801 million
$801 million
ANNUAL PAYROLL
417
417
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 Noble County compares
Noble County ranks 37th of 92 Indiana counties and county equivalents for employer businesses.
The number of employer businesses grew 3.7% between 2018 and 2023.
Manufacturing makes up 13% of employer businesses in Noble County, compared with 5% in Indiana.
417 employer businesses here have 5 to 49 employees.
Noble County ranks 37th of 92 Indiana counties and county equivalents for employer businesses.
The number of employer businesses grew 3.7% between 2018 and 2023.
Manufacturing makes up 13% of employer businesses in Noble County, compared with 5% in Indiana.
417 employer businesses here have 5 to 49 employees.
Industry mix
The largest industries by number of employer businesses:
Retail: 128 employer businesses
Repair, personal care and other services: 119 employer businesses
Manufacturing: 116 employer businesses
Construction: 106 employer businesses
Health care and social assistance: 77 employer businesses
The largest industries by number of employer businesses:
Retail: 128 employer businesses
Repair, personal care and other services: 119 employer businesses
Manufacturing: 116 employer businesses
Construction: 106 employer businesses
Health care and social assistance: 77 employer businesses
INDUSTRIES
What sells in Noble County
Retail, repair, personal care and other services, manufacturing, construction
Every kind of business we sell in Noble County
We sell businesses in every one of these industries in Noble 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
108 related employer businesses in Noble County.
General Contracting: 32 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Foundation & Site Prep: 24 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Landscaping: 15 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Interior Finishing: 10 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Plumbing: 10 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 10 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.
Electrical: 6 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Civil Engineering: 5 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.
Roofing & Siding: 3 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Masonry: 3 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.
Manufacturing
83 related employer businesses in Noble County.
Metal Fabrication: 37 employer businesses here. Typical sale multiple: 3.2x - 4.2x SDE.
Wood & Furniture Manufacturing: 20 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Medical & Chemical Manufacturing: 10 employer businesses here. Typical sale multiple: 4.5x - 8.0x EBITDA.
Printing & Plastics: 9 employer businesses here. Typical sale multiple: 2.9x - 4.9x SDE.
Construction Materials Manufacturing: 4 employer businesses here. Typical sale multiple: 2.5x - 5.0x EBITDA.
Food & Beverage Manufacturing: 3 employer businesses here. Typical sale multiple: 3.1x - 4.5x SDE.
Restaurants & Food
73 related employer businesses in Noble County.
Quick-Service & Fast Food: 31 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Full-Service Restaurants: 24 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Grocery Stores & Markets: 8 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Liquor, Wine & Beer Stores: 5 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.
Automotive & Boat
45 related employer businesses in Noble County.
Auto Repair: 15 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.
Collision Repair: 11 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Auto Parts: 10 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.
Car Dealerships: 6 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.
Medical Practices
40 related employer businesses in Noble County.
Primary & Family Care: 14 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.
Veterinary Medicine: 6 employer businesses here. Typical sale multiple: 6.0x - 9.0x EBITDA.
Mental & Behavioral Health: 4 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Physical Therapy & Rehab: 4 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Vision & Eye Care: 3 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Financial & Professional Services
36 related employer businesses in Noble County.
Insurance Agencies: 13 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.
Real Estate Brokerages: 10 employer businesses here. Typical sale multiple: 2.5x - 4.5x SDE.
Accounting & Tax Practices: 9 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Wealth Management: 4 employer businesses here. Typical sale multiple: 2.7x - 4.0x Recurring Revenue.
Logistics & Transportation
36 related employer businesses in Noble County.
General Freight Trucking: 32 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.
Retail Stores
27 related employer businesses in Noble County.
Hardware, Garden & Building: 16 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Health, Beauty & Pharmacy: 5 employer businesses here. Typical sale multiple: 2.8x - 4.2x EBITDA.
Fashion, Apparel & Jewelry: 3 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE + Inventory.
Home Decor & Furniture: 3 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE + Inventory.
Gas Stations & Convenience
19 related employer businesses in Noble County.
Gas Stations: 19 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.
Wholesale & Distribution
14 related employer businesses in Noble County.
Industrial & Construction Supply: 6 employer businesses here. Typical sale multiple: 3.0x - 4.0x SDE.
Food & Beverage Distribution: 5 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Chemicals, Plastics & Raw Materials Distribution: 3 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Home Services
10 related employer businesses in Noble County.
Property Management: 5 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Residential Cleaning: 5 employer businesses here. Typical sale multiple: 1.5x - 2.6x SDE.
Commercial Cleaning: 5 employer businesses here. Typical sale multiple: 2.47x - 4.11x EBITDA.
Energy & Utilities
9 related employer businesses in Noble County.
Propane & Fuel Distribution: 6 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Water & Wastewater Services: 3 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Health & Fitness
9 related employer businesses in Noble County.
Wellness & Recovery Centers: 9 employer businesses here. Typical sale multiple: 5.5x - 9.7x EBITDA.
Beauty & Personal Care
6 related employer businesses in Noble County.
Hair Salons: 6 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.
Education & Childcare
6 related employer businesses in Noble County.
Daycare Centers: 6 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.
Entertainment & Recreation
6 related employer businesses in Noble County.
Bars & Pubs: 3 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Clubs & Lounges: 3 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.
Golf Courses: 3 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.
Pet Services
6 related employer businesses in Noble County.
Pet Grooming & Spas: 6 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Boarding, Daycare & Training: 6 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Pharmacies & Medical Supply
3 related employer businesses in Noble County.
Compounding Pharmacies: 3 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Specialty Pharmacies: 3 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
We sell businesses in every one of these industries in Noble 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
108 related employer businesses in Noble County.
General Contracting: 32 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Foundation & Site Prep: 24 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Landscaping: 15 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Interior Finishing: 10 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Plumbing: 10 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 10 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.
Electrical: 6 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Civil Engineering: 5 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.
Roofing & Siding: 3 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Masonry: 3 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.
Manufacturing
83 related employer businesses in Noble County.
Metal Fabrication: 37 employer businesses here. Typical sale multiple: 3.2x - 4.2x SDE.
Wood & Furniture Manufacturing: 20 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Medical & Chemical Manufacturing: 10 employer businesses here. Typical sale multiple: 4.5x - 8.0x EBITDA.
Printing & Plastics: 9 employer businesses here. Typical sale multiple: 2.9x - 4.9x SDE.
Construction Materials Manufacturing: 4 employer businesses here. Typical sale multiple: 2.5x - 5.0x EBITDA.
Food & Beverage Manufacturing: 3 employer businesses here. Typical sale multiple: 3.1x - 4.5x SDE.
Restaurants & Food
73 related employer businesses in Noble County.
Quick-Service & Fast Food: 31 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Full-Service Restaurants: 24 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Grocery Stores & Markets: 8 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Liquor, Wine & Beer Stores: 5 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.
Automotive & Boat
45 related employer businesses in Noble County.
Auto Repair: 15 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.
Collision Repair: 11 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Auto Parts: 10 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.
Car Dealerships: 6 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.
Medical Practices
40 related employer businesses in Noble County.
Primary & Family Care: 14 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.
Veterinary Medicine: 6 employer businesses here. Typical sale multiple: 6.0x - 9.0x EBITDA.
Mental & Behavioral Health: 4 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Physical Therapy & Rehab: 4 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Vision & Eye Care: 3 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Financial & Professional Services
36 related employer businesses in Noble County.
Insurance Agencies: 13 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.
Real Estate Brokerages: 10 employer businesses here. Typical sale multiple: 2.5x - 4.5x SDE.
Accounting & Tax Practices: 9 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Wealth Management: 4 employer businesses here. Typical sale multiple: 2.7x - 4.0x Recurring Revenue.
Logistics & Transportation
36 related employer businesses in Noble County.
General Freight Trucking: 32 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.
Retail Stores
27 related employer businesses in Noble County.
Hardware, Garden & Building: 16 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Health, Beauty & Pharmacy: 5 employer businesses here. Typical sale multiple: 2.8x - 4.2x EBITDA.
Fashion, Apparel & Jewelry: 3 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE + Inventory.
Home Decor & Furniture: 3 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE + Inventory.
Gas Stations & Convenience
19 related employer businesses in Noble County.
Gas Stations: 19 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.
Wholesale & Distribution
14 related employer businesses in Noble County.
Industrial & Construction Supply: 6 employer businesses here. Typical sale multiple: 3.0x - 4.0x SDE.
Food & Beverage Distribution: 5 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Chemicals, Plastics & Raw Materials Distribution: 3 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Home Services
10 related employer businesses in Noble County.
Property Management: 5 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Residential Cleaning: 5 employer businesses here. Typical sale multiple: 1.5x - 2.6x SDE.
Commercial Cleaning: 5 employer businesses here. Typical sale multiple: 2.47x - 4.11x EBITDA.
Energy & Utilities
9 related employer businesses in Noble County.
Propane & Fuel Distribution: 6 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Water & Wastewater Services: 3 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Health & Fitness
9 related employer businesses in Noble County.
Wellness & Recovery Centers: 9 employer businesses here. Typical sale multiple: 5.5x - 9.7x EBITDA.
Beauty & Personal Care
6 related employer businesses in Noble County.
Hair Salons: 6 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.
Education & Childcare
6 related employer businesses in Noble County.
Daycare Centers: 6 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.
Entertainment & Recreation
6 related employer businesses in Noble County.
Bars & Pubs: 3 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Clubs & Lounges: 3 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.
Golf Courses: 3 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.
Pet Services
6 related employer businesses in Noble County.
Pet Grooming & Spas: 6 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Boarding, Daycare & Training: 6 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Pharmacies & Medical Supply
3 related employer businesses in Noble County.
Compounding Pharmacies: 3 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Specialty Pharmacies: 3 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Working with owners in Noble County
Business Advisors of America works with owners who are selling a business in Noble County. Contact us to talk about a sale.
FREQUENTLY ASKED QUESTIONS
Questions owners in Noble County ask
How long does it take to sell a business in Noble 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 Noble 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 Noble 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