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Panola County

Selling a Business in Panola County

Panola County has 579 employer businesses, and 82% 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

Panola County by the numbers

579

EMPLOYER BUSINESSES

82%

SMALL EMPLOYER SHARE

3,219

BUSINESSES WITH NO EMPLOYEES

8,911

EMPLOYMENT

$385 million

ANNUAL PAYROLL

270

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 Panola County compares

Panola County ranks 26th of 82 Mississippi counties and county equivalents for employer businesses.
The number of employer businesses fell 2.0% between 2018 and 2023.
Manufacturing makes up 5% of employer businesses in Panola County, compared with 3% in Mississippi.
270 employer businesses here have 5 to 49 employees.

Panola County ranks 26th of 82 Mississippi counties and county equivalents for employer businesses.
The number of employer businesses fell 2.0% between 2018 and 2023.
Manufacturing makes up 5% of employer businesses in Panola County, compared with 3% in Mississippi.
270 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

Retail: 143 employer businesses
Health care and social assistance: 71 employer businesses
Repair, personal care and other services: 59 employer businesses
Accommodation and food service: 52 employer businesses
Finance and insurance: 51 employer businesses

The largest industries by number of employer businesses:

Retail: 143 employer businesses
Health care and social assistance: 71 employer businesses
Repair, personal care and other services: 59 employer businesses
Accommodation and food service: 52 employer businesses
Finance and insurance: 51 employer businesses

INDUSTRIES

What sells in Panola County

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

Electronics & Repair

Retail Stores

Fashion, Apparel & Jewelry

Retail Stores

Dental Practices

Medical Practices

Home Health & Hospice

Medical Practices

Gyms & Health Clubs

Health & Fitness

Personal Training Studios

Health & Fitness

Every kind of business we sell in Panola County

We sell businesses in every one of these industries in Panola 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

48 related employer businesses in Panola County.

Quick-Service & Fast Food: 21 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Full-Service Restaurants: 17 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Liquor, Wine & Beer Stores: 7 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Grocery Stores & Markets: 3 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.

Gas Stations & Convenience

43 related employer businesses in Panola County.

Gas Stations: 39 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.
Convenience Stores: 4 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.

Retail Stores

42 related employer businesses in Panola County.

Fashion, Apparel & Jewelry: 14 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE + Inventory.
Health, Beauty & Pharmacy: 14 employer businesses here. Typical sale multiple: 2.8x - 4.2x EBITDA.
Hardware, Garden & Building: 11 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Home Decor & Furniture: 3 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE + Inventory.

Construction & Engineering

39 related employer businesses in Panola County.

General Contracting: 12 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Plumbing: 9 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 9 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.
Landscaping: 6 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Electrical: 6 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Interior Finishing: 3 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Foundation & Site Prep: 3 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

Medical Practices

34 related employer businesses in Panola County.

Primary & Family Care: 8 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE.
Dental Practices: 8 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Home Health & Hospice: 7 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Vision & Eye Care: 5 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Mental & Behavioral Health: 3 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Veterinary Medicine: 3 employer businesses here. Typical sale multiple: 6.0x - 9.0x EBITDA.

Financial & Professional Services

33 related employer businesses in Panola County.

Insurance Agencies: 13 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.
Private Lending: 9 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Accounting & Tax Practices: 7 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.

Manufacturing

20 related employer businesses in Panola County.

Metal Fabrication: 8 employer businesses here. Typical sale multiple: 3.2x - 4.2x SDE.
Wood & Furniture Manufacturing: 6 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Food & Beverage Manufacturing: 3 employer businesses here. Typical sale multiple: 3.1x - 4.5x SDE.
Construction Materials Manufacturing: 3 employer businesses here. Typical sale multiple: 2.5x - 5.0x EBITDA.

Automotive & Boat

16 related employer businesses in Panola County.

Car Dealerships: 9 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.
Auto Parts: 7 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

Pharmacies & Medical Supply

15 related employer businesses in Panola County.

Compounding Pharmacies: 8 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Specialty Pharmacies: 8 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Home Infusion: 7 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.

Logistics & Transportation

14 related employer businesses in Panola County.

General Freight Trucking: 14 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.

Education & Childcare

10 related employer businesses in Panola County.

Daycare Centers: 10 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

Wholesale & Distribution

9 related employer businesses in Panola County.

Industrial & Construction Supply: 6 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.

Hospitality & Travel

7 related employer businesses in Panola 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.

Energy & Utilities

6 related employer businesses in Panola County.

Water & Wastewater Services: 6 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Home Services

5 related employer businesses in Panola County.

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.

Senior Care & Living

4 related employer businesses in Panola County.

Non-Medical Home Care: 4 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

Health & Fitness

3 related employer businesses in Panola County.

Wellness & Recovery Centers: 3 employer businesses here. Typical sale multiple: 5.5x - 9.7x EBITDA.

Restaurants & Food

48 related employer businesses in Panola County.

Quick-Service & Fast Food: 21 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Full-Service Restaurants: 17 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Liquor, Wine & Beer Stores: 7 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Grocery Stores & Markets: 3 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.

Gas Stations & Convenience

43 related employer businesses in Panola County.

Gas Stations: 39 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.
Convenience Stores: 4 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.

Retail Stores

42 related employer businesses in Panola County.

Fashion, Apparel & Jewelry: 14 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE + Inventory.
Health, Beauty & Pharmacy: 14 employer businesses here. Typical sale multiple: 2.8x - 4.2x EBITDA.
Hardware, Garden & Building: 11 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Home Decor & Furniture: 3 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE + Inventory.

Construction & Engineering

39 related employer businesses in Panola County.

General Contracting: 12 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Plumbing: 9 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 9 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.
Landscaping: 6 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Electrical: 6 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Interior Finishing: 3 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Foundation & Site Prep: 3 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

Medical Practices

34 related employer businesses in Panola County.

Primary & Family Care: 8 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE.
Dental Practices: 8 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Home Health & Hospice: 7 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Vision & Eye Care: 5 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Mental & Behavioral Health: 3 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Veterinary Medicine: 3 employer businesses here. Typical sale multiple: 6.0x - 9.0x EBITDA.

Financial & Professional Services

33 related employer businesses in Panola County.

Insurance Agencies: 13 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.
Private Lending: 9 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Accounting & Tax Practices: 7 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.

Manufacturing

20 related employer businesses in Panola County.

Metal Fabrication: 8 employer businesses here. Typical sale multiple: 3.2x - 4.2x SDE.
Wood & Furniture Manufacturing: 6 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Food & Beverage Manufacturing: 3 employer businesses here. Typical sale multiple: 3.1x - 4.5x SDE.
Construction Materials Manufacturing: 3 employer businesses here. Typical sale multiple: 2.5x - 5.0x EBITDA.

Automotive & Boat

16 related employer businesses in Panola County.

Car Dealerships: 9 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.
Auto Parts: 7 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

Pharmacies & Medical Supply

15 related employer businesses in Panola County.

Compounding Pharmacies: 8 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Specialty Pharmacies: 8 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Home Infusion: 7 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.

Logistics & Transportation

14 related employer businesses in Panola County.

General Freight Trucking: 14 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.

Education & Childcare

10 related employer businesses in Panola County.

Daycare Centers: 10 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

Wholesale & Distribution

9 related employer businesses in Panola County.

Industrial & Construction Supply: 6 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.

Hospitality & Travel

7 related employer businesses in Panola 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.

Energy & Utilities

6 related employer businesses in Panola County.

Water & Wastewater Services: 6 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Home Services

5 related employer businesses in Panola County.

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.

Senior Care & Living

4 related employer businesses in Panola County.

Non-Medical Home Care: 4 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

Health & Fitness

3 related employer businesses in Panola County.

Wellness & Recovery Centers: 3 employer businesses here. Typical sale multiple: 5.5x - 9.7x EBITDA.

Working with owners in Panola County

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

Get a Free Valuation

FREQUENTLY ASKED QUESTIONS

Questions owners in Panola County ask

How long does it take to sell a business in Panola 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 Panola 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 Panola 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

Selling a Business in Panola County

Areas in Mississippi

Panola County by the numbers

579

579

82%

82%

3,219

3,219

8,911

8,911

$385 million

$385 million

270

270

How Panola County compares

Industry mix

What sells in Panola County

Electronics & Repair

Fashion, Apparel & Jewelry

Dental Practices

Home Health & Hospice

Gyms & Health Clubs

Personal Training Studios

Every kind of business we sell in Panola County

Working with owners in Panola County

Questions owners in Panola County ask

Guides for owners in Panola County