Selling a Business in Albany

Owners in the Albany area sell to local buyers and to buyers from other markets. The area has 21,425 employer businesses, and 85% of them have fewer than 20 employees. This page shows what is here and how a sale is handled.

LOCAL SNAPSHOT

Albany by the numbers

21,425

21,425

EMPLOYER BUSINESSES

85%

85%

SMALL EMPLOYER SHARE

67,418

67,418

BUSINESSES WITH NO EMPLOYEES

362,110

362,110

EMPLOYMENT

$23.7 billion

$23.7 billion

ANNUAL PAYROLL

9,058

9,058

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 Albany compares

  • The Albany area ranks 4th of 13 New York metro areas for employer businesses.

  • The number of employer businesses fell 0.7% between 2018 and 2023.

  • Finance and insurance makes up 6% of employer businesses in Albany, compared with 5% in New York.

  • 9,058 employer businesses here have 5 to 49 employees.

  • The Albany area ranks 4th of 13 New York metro areas for employer businesses.

  • The number of employer businesses fell 0.7% between 2018 and 2023.

  • Finance and insurance makes up 6% of employer businesses in Albany, compared with 5% in New York.

  • 9,058 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

  • Retail: 2,879 employer businesses

  • Professional and technical services: 2,576 employer businesses

  • Health care and social assistance: 2,450 employer businesses

  • Accommodation and food service: 2,378 employer businesses

  • Construction: 2,327 employer businesses

The largest industries by number of employer businesses:

  • Retail: 2,879 employer businesses

  • Professional and technical services: 2,576 employer businesses

  • Health care and social assistance: 2,450 employer businesses

  • Accommodation and food service: 2,378 employer businesses

  • Construction: 2,327 employer businesses

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

Every kind of business we sell in Albany

We sell businesses in every one of these industries in Albany. 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

2,630 related employer businesses in Albany.

  • General Contracting: 755 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Landscaping: 386 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Interior Finishing: 360 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Plumbing: 251 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 251 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Electrical: 235 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Civil Engineering: 211 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Foundation & Site Prep: 201 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Roofing & Siding: 87 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Masonry: 69 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Carpentry & Framing: 39 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Remediation & Restoration: 36 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Restaurants & Food

2,180 related employer businesses in Albany.

Medical Practices

1,252 related employer businesses in Albany.

Retail Stores

1,080 related employer businesses in Albany.

Financial & Professional Services

987 related employer businesses in Albany.

Automotive & Boat

770 related employer businesses in Albany.

  • Auto Repair: 328 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Car Dealerships: 129 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Auto Parts: 123 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Collision Repair: 81 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Washes: 57 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Towing & Repo: 29 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

  • Marinas: 13 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.

  • Boat Dealerships: 10 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.

Gas Stations & Convenience

505 related employer businesses in Albany.

Manufacturing

495 related employer businesses in Albany.

Beauty & Personal Care

444 related employer businesses in Albany.

  • Hair Salons: 198 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Nail Salons: 138 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Day Spas: 86 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 86 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 86 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Barber Shops: 22 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.

  • Medical Spas. Typical sale multiple: 2.5x - 4.5x EBITDA.

Home Services

433 related employer businesses in Albany.

Wholesale & Distribution

387 related employer businesses in Albany.

Logistics & Transportation

378 related employer businesses in Albany.

Technology & Media

302 related employer businesses in Albany.

Education & Childcare

296 related employer businesses in Albany.

  • Daycare Centers: 276 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

  • Tutoring Centers: 20 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

  • Preschools. Typical sale multiple: 3.12x - 4.0x SDE.

Entertainment & Recreation

265 related employer businesses in Albany.

  • Bars & Pubs: 131 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 131 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Outdoor Recreation: 68 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Golf Courses: 40 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.

  • Bowling Alleys: 15 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.

  • Arcades & FECs: 11 employer businesses here. Typical sale multiple: 2.1x - 3.6x SDE.

  • 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.

Hospitality & Travel

243 related employer businesses in Albany.

  • Hotels: 135 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 135 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 67 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

  • Campgrounds & RV Parks: 17 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

  • Travel Agencies: 17 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.

  • Bed & Breakfasts / Inns: 7 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

Pharmacies & Medical Supply

214 related employer businesses in Albany.

Health & Fitness

167 related employer businesses in Albany.

Energy & Utilities

160 related employer businesses in Albany.

Senior Care & Living

123 related employer businesses in Albany.

Pet Services

108 related employer businesses in Albany.

E-commerce & Online Businesses

Land & Agriculture

We sell businesses in every one of these industries in Albany. 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

2,630 related employer businesses in Albany.

  • General Contracting: 755 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Landscaping: 386 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Interior Finishing: 360 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Plumbing: 251 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 251 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Electrical: 235 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Civil Engineering: 211 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Foundation & Site Prep: 201 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Roofing & Siding: 87 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Masonry: 69 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Carpentry & Framing: 39 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Remediation & Restoration: 36 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Restaurants & Food

2,180 related employer businesses in Albany.

Medical Practices

1,252 related employer businesses in Albany.

Retail Stores

1,080 related employer businesses in Albany.

Financial & Professional Services

987 related employer businesses in Albany.

Automotive & Boat

770 related employer businesses in Albany.

  • Auto Repair: 328 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Car Dealerships: 129 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Auto Parts: 123 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Collision Repair: 81 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Washes: 57 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Towing & Repo: 29 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

  • Marinas: 13 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.

  • Boat Dealerships: 10 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.

Gas Stations & Convenience

505 related employer businesses in Albany.

Manufacturing

495 related employer businesses in Albany.

Beauty & Personal Care

444 related employer businesses in Albany.

  • Hair Salons: 198 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Nail Salons: 138 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Day Spas: 86 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 86 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 86 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Barber Shops: 22 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.

  • Medical Spas. Typical sale multiple: 2.5x - 4.5x EBITDA.

Home Services

433 related employer businesses in Albany.

Wholesale & Distribution

387 related employer businesses in Albany.

Logistics & Transportation

378 related employer businesses in Albany.

Technology & Media

302 related employer businesses in Albany.

Education & Childcare

296 related employer businesses in Albany.

  • Daycare Centers: 276 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

  • Tutoring Centers: 20 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

  • Preschools. Typical sale multiple: 3.12x - 4.0x SDE.

Entertainment & Recreation

265 related employer businesses in Albany.

  • Bars & Pubs: 131 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 131 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Outdoor Recreation: 68 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Golf Courses: 40 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.

  • Bowling Alleys: 15 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.

  • Arcades & FECs: 11 employer businesses here. Typical sale multiple: 2.1x - 3.6x SDE.

  • 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.

Hospitality & Travel

243 related employer businesses in Albany.

  • Hotels: 135 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 135 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 67 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

  • Campgrounds & RV Parks: 17 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

  • Travel Agencies: 17 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.

  • Bed & Breakfasts / Inns: 7 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

Pharmacies & Medical Supply

214 related employer businesses in Albany.

Health & Fitness

167 related employer businesses in Albany.

Energy & Utilities

160 related employer businesses in Albany.

Senior Care & Living

123 related employer businesses in Albany.

Pet Services

108 related employer businesses in Albany.

E-commerce & Online Businesses

Land & Agriculture

Counties in this metro area

Working with owners in Albany

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

FREQUENTLY ASKED QUESTIONS

Questions owners in Albany ask

How long does it take to sell a business in Albany?

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 Albany?

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 Albany

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