Selling a Business in Appleton

Owners in the Appleton area sell to local buyers and to buyers from other markets. The area has 6,272 employer businesses, and 81% of them have fewer than 20 employees. This page shows what is here and how a sale is handled.

LOCAL SNAPSHOT

Appleton by the numbers

6,272

6,272

EMPLOYER BUSINESSES

81%

81%

SMALL EMPLOYER SHARE

15,611

15,611

BUSINESSES WITH NO EMPLOYEES

115,626

115,626

EMPLOYMENT

$6.9 billion

$6.9 billion

ANNUAL PAYROLL

2,889

2,889

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 Appleton compares

  • The Appleton area ranks 4th of 13 Wisconsin metro areas for employer businesses.

  • The number of employer businesses grew 5.6% between 2018 and 2023.

  • Wholesale makes up 6% of employer businesses in Appleton, compared with 4% in Wisconsin.

  • 2,889 employer businesses here have 5 to 49 employees.

  • The Appleton area ranks 4th of 13 Wisconsin metro areas for employer businesses.

  • The number of employer businesses grew 5.6% between 2018 and 2023.

  • Wholesale makes up 6% of employer businesses in Appleton, compared with 4% in Wisconsin.

  • 2,889 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

  • Retail: 786 employer businesses

  • Construction: 758 employer businesses

  • Health care and social assistance: 686 employer businesses

  • Repair, personal care and other services: 632 employer businesses

  • Accommodation and food service: 596 employer businesses

The largest industries by number of employer businesses:

  • Retail: 786 employer businesses

  • Construction: 758 employer businesses

  • Health care and social assistance: 686 employer businesses

  • Repair, personal care and other services: 632 employer businesses

  • Accommodation and food service: 596 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 Appleton

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

791 related employer businesses in Appleton.

  • General Contracting: 182 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Interior Finishing: 116 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Landscaping: 101 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Plumbing: 101 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 101 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Foundation & Site Prep: 89 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Electrical: 89 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Roofing & Siding: 45 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Civil Engineering: 33 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Masonry: 23 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Carpentry & Framing: 12 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

Restaurants & Food

461 related employer businesses in Appleton.

Financial & Professional Services

401 related employer businesses in Appleton.

Medical Practices

367 related employer businesses in Appleton.

Retail Stores

343 related employer businesses in Appleton.

Manufacturing

302 related employer businesses in Appleton.

Automotive & Boat

260 related employer businesses in Appleton.

  • Auto Repair: 99 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Car Dealerships: 48 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Auto Parts: 44 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Collision Repair: 37 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Washes: 19 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Towing & Repo: 9 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

  • Boat Dealerships: 4 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.

Wholesale & Distribution

184 related employer businesses in Appleton.

Logistics & Transportation

181 related employer businesses in Appleton.

Beauty & Personal Care

148 related employer businesses in Appleton.

  • Hair Salons: 93 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Nail Salons: 24 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Day Spas: 23 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 23 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 23 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Barber Shops: 8 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.

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

Entertainment & Recreation

143 related employer businesses in Appleton.

  • Bars & Pubs: 104 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 104 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Outdoor Recreation: 15 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Golf Courses: 12 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.

  • Arcades & FECs: 6 employer businesses here. Typical sale multiple: 2.1x - 3.6x SDE.

  • Bowling Alleys: 6 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.

Gas Stations & Convenience

103 related employer businesses in Appleton.

Home Services

77 related employer businesses in Appleton.

Senior Care & Living

68 related employer businesses in Appleton.

Hospitality & Travel

60 related employer businesses in Appleton.

  • Hotels: 35 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 35 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 18 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

  • Travel Agencies: 7 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.

Health & Fitness

59 related employer businesses in Appleton.

Education & Childcare

49 related employer businesses in Appleton.

  • Daycare Centers: 42 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

  • Tutoring Centers: 7 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

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

Technology & Media

45 related employer businesses in Appleton.

Pharmacies & Medical Supply

43 related employer businesses in Appleton.

Energy & Utilities

41 related employer businesses in Appleton.

Pet Services

33 related employer businesses in Appleton.

E-commerce & Online Businesses

Land & Agriculture

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

791 related employer businesses in Appleton.

  • General Contracting: 182 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Interior Finishing: 116 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Landscaping: 101 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Plumbing: 101 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 101 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Foundation & Site Prep: 89 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Electrical: 89 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Roofing & Siding: 45 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Civil Engineering: 33 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Masonry: 23 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Carpentry & Framing: 12 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

Restaurants & Food

461 related employer businesses in Appleton.

Financial & Professional Services

401 related employer businesses in Appleton.

Medical Practices

367 related employer businesses in Appleton.

Retail Stores

343 related employer businesses in Appleton.

Manufacturing

302 related employer businesses in Appleton.

Automotive & Boat

260 related employer businesses in Appleton.

  • Auto Repair: 99 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Car Dealerships: 48 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Auto Parts: 44 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Collision Repair: 37 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Washes: 19 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Towing & Repo: 9 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

  • Boat Dealerships: 4 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.

Wholesale & Distribution

184 related employer businesses in Appleton.

Logistics & Transportation

181 related employer businesses in Appleton.

Beauty & Personal Care

148 related employer businesses in Appleton.

  • Hair Salons: 93 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Nail Salons: 24 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Day Spas: 23 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 23 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 23 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Barber Shops: 8 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.

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

Entertainment & Recreation

143 related employer businesses in Appleton.

  • Bars & Pubs: 104 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 104 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Outdoor Recreation: 15 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Golf Courses: 12 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.

  • Arcades & FECs: 6 employer businesses here. Typical sale multiple: 2.1x - 3.6x SDE.

  • Bowling Alleys: 6 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.

Gas Stations & Convenience

103 related employer businesses in Appleton.

Home Services

77 related employer businesses in Appleton.

Senior Care & Living

68 related employer businesses in Appleton.

Hospitality & Travel

60 related employer businesses in Appleton.

  • Hotels: 35 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 35 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 18 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

  • Travel Agencies: 7 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.

Health & Fitness

59 related employer businesses in Appleton.

Education & Childcare

49 related employer businesses in Appleton.

  • Daycare Centers: 42 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

  • Tutoring Centers: 7 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

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

Technology & Media

45 related employer businesses in Appleton.

Pharmacies & Medical Supply

43 related employer businesses in Appleton.

Energy & Utilities

41 related employer businesses in Appleton.

Pet Services

33 related employer businesses in Appleton.

E-commerce & Online Businesses

Land & Agriculture

Counties in this metro area

Working with owners in Appleton

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

FREQUENTLY ASKED QUESTIONS

Questions owners in Appleton ask

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

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 Appleton?

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 Appleton

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