Selling a Business in Baltimore
Owners in the Baltimore area sell to local buyers and to buyers from other markets. The area has 68,827 employer businesses, and 84% of them have fewer than 20 employees. This page shows what is here and how a sale is handled.
LOCAL SNAPSHOT
Baltimore by the numbers
68,827
68,827
EMPLOYER BUSINESSES
84%
84%
SMALL EMPLOYER SHARE
267,857
267,857
BUSINESSES WITH NO EMPLOYEES
1,220,618
1,220,618
EMPLOYMENT
$85.7 billion
$85.7 billion
ANNUAL PAYROLL
27,663
27,663
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 Baltimore compares
The Baltimore area ranks 1st of 4 Maryland metro areas for employer businesses.
The number of employer businesses grew 1.9% between 2018 and 2023.
Finance and insurance makes up 5% of employer businesses in Baltimore, compared with 5% in Maryland.
27,663 employer businesses here have 5 to 49 employees.
The Baltimore area ranks 1st of 4 Maryland metro areas for employer businesses.
The number of employer businesses grew 1.9% between 2018 and 2023.
Finance and insurance makes up 5% of employer businesses in Baltimore, compared with 5% in Maryland.
27,663 employer businesses here have 5 to 49 employees.
Industry mix
The largest industries by number of employer businesses:
Professional and technical services: 10,516 employer businesses
Health care and social assistance: 9,016 employer businesses
Retail: 8,034 employer businesses
Repair, personal care and other services: 6,887 employer businesses
Construction: 6,799 employer businesses
The largest industries by number of employer businesses:
Professional and technical services: 10,516 employer businesses
Health care and social assistance: 9,016 employer businesses
Retail: 8,034 employer businesses
Repair, personal care and other services: 6,887 employer businesses
Construction: 6,799 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
INDUSTRIES
What sells in Baltimore
Professional and technical services, health care and social assistance, retail, repair, personal care and other services
Every kind of business we sell in Baltimore
We sell businesses in every one of these industries in Baltimore. 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
7,586 related employer businesses in Baltimore.
General Contracting: 2,207 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Interior Finishing: 1,017 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Plumbing: 982 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 982 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.
Landscaping: 966 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Civil Engineering: 794 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.
Electrical: 710 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Foundation & Site Prep: 409 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Roofing & Siding: 212 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Masonry: 149 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.
Carpentry & Framing: 82 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Remediation & Restoration: 58 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Restaurants & Food
6,383 related employer businesses in Baltimore.
Quick-Service & Fast Food: 2,688 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Full-Service Restaurants: 1,791 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Liquor, Wine & Beer Stores: 677 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Grocery Stores & Markets: 632 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Coffee Shops: 544 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Bakeries: 51 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Ghost Kitchens. Typical sale multiple: 2.0x - 3.0x SDE.
Medical Practices
5,415 related employer businesses in Baltimore.
Primary & Family Care: 1,634 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE.
Dental Practices: 1,102 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Mental & Behavioral Health: 828 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Physical Therapy & Rehab: 533 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Home Health & Hospice: 372 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Veterinary Medicine: 286 employer businesses here. Typical sale multiple: 6.0x - 9.0x EBITDA.
Medical Labs & Imaging: 270 employer businesses here. Typical sale multiple: 4.5x - 6.5x EBITDA.
Specialty Medicine: 166 employer businesses here. Typical sale multiple: 5.0x - 7.0x EBITDA.
Vision & Eye Care: 125 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Urgent Care Clinics: 99 employer businesses here. Typical sale multiple: 4.0x - 6.0x EBITDA.
Financial & Professional Services
4,147 related employer businesses in Baltimore.
Accounting & Tax Practices: 1,167 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Real Estate Brokerages: 1,130 employer businesses here. Typical sale multiple: 2.5x - 4.5x SDE.
Insurance Agencies: 943 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.
Wealth Management: 556 employer businesses here. Typical sale multiple: 2.7x - 4.0x Recurring Revenue.
Private Lending: 260 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Mortgage Brokerages: 91 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Retail Stores
3,192 related employer businesses in Baltimore.
Fashion, Apparel & Jewelry: 1,045 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE + Inventory.
Health, Beauty & Pharmacy: 803 employer businesses here. Typical sale multiple: 2.8x - 4.2x EBITDA.
Hardware, Garden & Building: 462 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Home Decor & Furniture: 353 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE + Inventory.
Electronics & Repair: 213 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Hobby, Toys & Gift Shops: 178 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE + Inventory.
Sporting Goods & Firearms: 138 employer businesses here. Typical sale multiple: 2.3x - 3.4x SDE.
Automotive & Boat
2,218 related employer businesses in Baltimore.
Auto Repair: 941 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.
Auto Parts: 316 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.
Car Dealerships: 287 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.
Collision Repair: 266 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Car Washes: 147 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.
Marinas: 95 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.
Towing & Repo: 93 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.
Boat Dealerships: 73 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Logistics & Transportation
1,614 related employer businesses in Baltimore.
General Freight Trucking: 987 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.
Warehousing & Fulfillment: 171 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Freight Brokerage & 3PL: 153 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Last-Mile & Courier: 150 employer businesses here. Typical sale multiple: 2.76x - 3.32x SDE.
Commercial Moving: 84 employer businesses here. Typical sale multiple: 1.5x - 3.0x SDE.
Heavy Haul Transport: 49 employer businesses here. Typical sale multiple: 3.5x - 4.5x SDE.
NEMT & Passenger Transport: 20 employer businesses here. Typical sale multiple: 2.1x - 3.1x SDE.
Port Drayage. Typical sale multiple: 2.5x - 3.5x SDE.
Home Services
1,531 related employer businesses in Baltimore.
Property Management: 710 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Residential Cleaning: 623 employer businesses here. Typical sale multiple: 1.5x - 2.6x SDE.
Commercial Cleaning: 623 employer businesses here. Typical sale multiple: 2.47x - 4.11x EBITDA.
Pest Control: 107 employer businesses here. Typical sale multiple: 2.34x - 2.90x SDE.
Security Systems: 91 employer businesses here. Typical sale multiple: 3.0x - 4.9x EBITDA.
Audio Visual (AV). Typical sale multiple: 3.0x - 5.0x EBITDA.
Junk Removal. Typical sale multiple: 1.5x - 3.0x SDE.
Pool & Spa Service. Typical sale multiple: 3.0x - 4.0x EBITDA.
Wholesale & Distribution
1,293 related employer businesses in Baltimore.
Industrial & Construction Supply: 478 employer businesses here. Typical sale multiple: 3.0x - 4.0x SDE.
Food & Beverage Distribution: 321 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Electronics, IT & Office Equipment Distribution: 240 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Chemicals, Plastics & Raw Materials Distribution: 75 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Packaging, Paper & JanSan Distribution: 64 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Consumer Goods & Apparel Distribution: 61 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Medical, Dental & Pharmaceutical Distribution: 54 employer businesses here. Typical sale multiple: 3.5x - 4.5x EBITDA.
Beauty & Personal Care
1,286 related employer businesses in Baltimore.
Hair Salons: 720 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.
Day Spas: 243 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.
Tattoo Shops: 243 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Massage Parlors: 243 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Nail Salons: 242 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.
Barber Shops: 81 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.
Medical Spas. Typical sale multiple: 2.5x - 4.5x EBITDA.
Manufacturing
1,200 related employer businesses in Baltimore.
Food & Beverage Manufacturing: 256 employer businesses here. Typical sale multiple: 3.1x - 4.5x SDE.
Metal Fabrication: 216 employer businesses here. Typical sale multiple: 3.2x - 4.2x SDE.
Printing & Plastics: 197 employer businesses here. Typical sale multiple: 2.9x - 4.9x SDE.
Wood & Furniture Manufacturing: 134 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Medical & Chemical Manufacturing: 127 employer businesses here. Typical sale multiple: 4.5x - 8.0x EBITDA.
Electronics & Tech Manufacturing: 108 employer businesses here. Typical sale multiple: 4.0x - 7.5x EBITDA.
Construction Materials Manufacturing: 85 employer businesses here. Typical sale multiple: 2.5x - 5.0x EBITDA.
Textile & Apparel Manufacturing: 77 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Technology & Media
1,059 related employer businesses in Baltimore.
Digital Marketing Agencies: 332 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Creative Agencies: 312 employer businesses here. Typical sale multiple: 1.8x - 3.0x SDE.
Media, Film & Studio Production: 162 employer businesses here. Typical sale multiple: 2.2x - 3.5x SDE.
Real Estate Media: 133 employer businesses here. Typical sale multiple: 1.5x - 2.8x SDE.
Software Companies (SaaS): 120 employer businesses here. Typical sale multiple: 3.5x - 5.5x SDE.
E-commerce & Online Brands. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Gas Stations & Convenience
1,030 related employer businesses in Baltimore.
Gas Stations: 612 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.
Convenience Stores: 418 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Truck Stops & Travel Centers. Typical sale multiple: 3.5x - 5.5x EBITDA + Real Estate.
Pharmacies & Medical Supply
920 related employer businesses in Baltimore.
Compounding Pharmacies: 379 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Specialty Pharmacies: 379 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Home Infusion: 372 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Durable Medical Equipment (DME): 86 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.
Medical Supply Retail: 83 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Health & Fitness
831 related employer businesses in Baltimore.
Wellness & Recovery Centers: 469 employer businesses here. Typical sale multiple: 5.5x - 9.7x EBITDA.
Gyms & Health Clubs: 362 employer businesses here. Typical sale multiple: 2.44x - 2.93x SDE.
Yoga Studios: 362 employer businesses here. Typical sale multiple: 2.07x - 2.50x SDE.
Pilates Studios: 362 employer businesses here. Typical sale multiple: 2.10x - 3.00x SDE.
Personal Training Studios: 362 employer businesses here. Typical sale multiple: 2.00x - 2.80x SDE.
Education & Childcare
778 related employer businesses in Baltimore.
Daycare Centers: 680 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.
Tutoring Centers: 98 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Preschools. Typical sale multiple: 3.12x - 4.0x SDE.
Hospitality & Travel
610 related employer businesses in Baltimore.
Hotels: 276 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.
Motels: 276 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.
Transportation Services: 245 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.
Travel Agencies: 74 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.
Bed & Breakfasts / Inns: 8 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Campgrounds & RV Parks: 7 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Entertainment & Recreation
549 related employer businesses in Baltimore.
Bars & Pubs: 256 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Clubs & Lounges: 256 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.
Outdoor Recreation: 185 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Golf Courses: 55 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.
Arcades & FECs: 28 employer businesses here. Typical sale multiple: 2.1x - 3.6x SDE.
Bowling Alleys: 25 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.
Senior Care & Living
526 related employer businesses in Baltimore.
Non-Medical Home Care: 284 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Assisted Living Facilities: 156 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Senior Living Communities: 86 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Adult Day Services. Typical sale multiple: 2.5x - 4.0x SDE.
Energy & Utilities
344 related employer businesses in Baltimore.
Waste Management & Recycling: 158 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Water & Wastewater Services: 89 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Propane & Fuel Distribution: 76 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Solar & Renewable Energy: 16 employer businesses here. Typical sale multiple: 3.5x - 6.0x EBITDA.
Oil & Gas Services: 5 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA + Equipment.
Pet Services
296 related employer businesses in Baltimore.
Pet Grooming & Spas: 219 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Boarding, Daycare & Training: 219 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Pet Retail & Specialty Supplies: 77 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE + Inventory.
Mobile & In-Home Pet Care. Typical sale multiple: 1.5x - 2.5x SDE + Fleet.
E-commerce & Online Businesses
Amazon FBA Businesses. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Online Marketplaces. Typical sale multiple: 3.5x - 6.0x SDE.
Land & Agriculture
Crop Production. Typical sale multiple: 4.5x - 6.69x EBITDA.
Livestock & Ranching. Typical sale multiple: 3.0x - 5.76x EBITDA.
Agribusiness & Infrastructure. Typical sale multiple: 5.2x - 10.3x EBITDA.
AgTech & Precision Ag. Typical sale multiple: 8.3x - 12.1x EBITDA.
Agri-Tourism & Lifestyle. Typical sale multiple: 2.51x - 4.54x SDE.
We sell businesses in every one of these industries in Baltimore. 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
7,586 related employer businesses in Baltimore.
General Contracting: 2,207 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Interior Finishing: 1,017 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Plumbing: 982 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 982 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.
Landscaping: 966 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Civil Engineering: 794 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.
Electrical: 710 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Foundation & Site Prep: 409 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Roofing & Siding: 212 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Masonry: 149 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.
Carpentry & Framing: 82 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Remediation & Restoration: 58 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Restaurants & Food
6,383 related employer businesses in Baltimore.
Quick-Service & Fast Food: 2,688 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Full-Service Restaurants: 1,791 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Liquor, Wine & Beer Stores: 677 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Grocery Stores & Markets: 632 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Coffee Shops: 544 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Bakeries: 51 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Ghost Kitchens. Typical sale multiple: 2.0x - 3.0x SDE.
Medical Practices
5,415 related employer businesses in Baltimore.
Primary & Family Care: 1,634 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE.
Dental Practices: 1,102 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Mental & Behavioral Health: 828 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Physical Therapy & Rehab: 533 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Home Health & Hospice: 372 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Veterinary Medicine: 286 employer businesses here. Typical sale multiple: 6.0x - 9.0x EBITDA.
Medical Labs & Imaging: 270 employer businesses here. Typical sale multiple: 4.5x - 6.5x EBITDA.
Specialty Medicine: 166 employer businesses here. Typical sale multiple: 5.0x - 7.0x EBITDA.
Vision & Eye Care: 125 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Urgent Care Clinics: 99 employer businesses here. Typical sale multiple: 4.0x - 6.0x EBITDA.
Financial & Professional Services
4,147 related employer businesses in Baltimore.
Accounting & Tax Practices: 1,167 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Real Estate Brokerages: 1,130 employer businesses here. Typical sale multiple: 2.5x - 4.5x SDE.
Insurance Agencies: 943 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.
Wealth Management: 556 employer businesses here. Typical sale multiple: 2.7x - 4.0x Recurring Revenue.
Private Lending: 260 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Mortgage Brokerages: 91 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Retail Stores
3,192 related employer businesses in Baltimore.
Fashion, Apparel & Jewelry: 1,045 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE + Inventory.
Health, Beauty & Pharmacy: 803 employer businesses here. Typical sale multiple: 2.8x - 4.2x EBITDA.
Hardware, Garden & Building: 462 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Home Decor & Furniture: 353 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE + Inventory.
Electronics & Repair: 213 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Hobby, Toys & Gift Shops: 178 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE + Inventory.
Sporting Goods & Firearms: 138 employer businesses here. Typical sale multiple: 2.3x - 3.4x SDE.
Automotive & Boat
2,218 related employer businesses in Baltimore.
Auto Repair: 941 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.
Auto Parts: 316 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.
Car Dealerships: 287 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.
Collision Repair: 266 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Car Washes: 147 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.
Marinas: 95 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.
Towing & Repo: 93 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.
Boat Dealerships: 73 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Logistics & Transportation
1,614 related employer businesses in Baltimore.
General Freight Trucking: 987 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.
Warehousing & Fulfillment: 171 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Freight Brokerage & 3PL: 153 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Last-Mile & Courier: 150 employer businesses here. Typical sale multiple: 2.76x - 3.32x SDE.
Commercial Moving: 84 employer businesses here. Typical sale multiple: 1.5x - 3.0x SDE.
Heavy Haul Transport: 49 employer businesses here. Typical sale multiple: 3.5x - 4.5x SDE.
NEMT & Passenger Transport: 20 employer businesses here. Typical sale multiple: 2.1x - 3.1x SDE.
Port Drayage. Typical sale multiple: 2.5x - 3.5x SDE.
Home Services
1,531 related employer businesses in Baltimore.
Property Management: 710 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Residential Cleaning: 623 employer businesses here. Typical sale multiple: 1.5x - 2.6x SDE.
Commercial Cleaning: 623 employer businesses here. Typical sale multiple: 2.47x - 4.11x EBITDA.
Pest Control: 107 employer businesses here. Typical sale multiple: 2.34x - 2.90x SDE.
Security Systems: 91 employer businesses here. Typical sale multiple: 3.0x - 4.9x EBITDA.
Audio Visual (AV). Typical sale multiple: 3.0x - 5.0x EBITDA.
Junk Removal. Typical sale multiple: 1.5x - 3.0x SDE.
Pool & Spa Service. Typical sale multiple: 3.0x - 4.0x EBITDA.
Wholesale & Distribution
1,293 related employer businesses in Baltimore.
Industrial & Construction Supply: 478 employer businesses here. Typical sale multiple: 3.0x - 4.0x SDE.
Food & Beverage Distribution: 321 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Electronics, IT & Office Equipment Distribution: 240 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Chemicals, Plastics & Raw Materials Distribution: 75 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Packaging, Paper & JanSan Distribution: 64 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Consumer Goods & Apparel Distribution: 61 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Medical, Dental & Pharmaceutical Distribution: 54 employer businesses here. Typical sale multiple: 3.5x - 4.5x EBITDA.
Beauty & Personal Care
1,286 related employer businesses in Baltimore.
Hair Salons: 720 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.
Day Spas: 243 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.
Tattoo Shops: 243 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Massage Parlors: 243 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Nail Salons: 242 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.
Barber Shops: 81 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.
Medical Spas. Typical sale multiple: 2.5x - 4.5x EBITDA.
Manufacturing
1,200 related employer businesses in Baltimore.
Food & Beverage Manufacturing: 256 employer businesses here. Typical sale multiple: 3.1x - 4.5x SDE.
Metal Fabrication: 216 employer businesses here. Typical sale multiple: 3.2x - 4.2x SDE.
Printing & Plastics: 197 employer businesses here. Typical sale multiple: 2.9x - 4.9x SDE.
Wood & Furniture Manufacturing: 134 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Medical & Chemical Manufacturing: 127 employer businesses here. Typical sale multiple: 4.5x - 8.0x EBITDA.
Electronics & Tech Manufacturing: 108 employer businesses here. Typical sale multiple: 4.0x - 7.5x EBITDA.
Construction Materials Manufacturing: 85 employer businesses here. Typical sale multiple: 2.5x - 5.0x EBITDA.
Textile & Apparel Manufacturing: 77 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Technology & Media
1,059 related employer businesses in Baltimore.
Digital Marketing Agencies: 332 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Creative Agencies: 312 employer businesses here. Typical sale multiple: 1.8x - 3.0x SDE.
Media, Film & Studio Production: 162 employer businesses here. Typical sale multiple: 2.2x - 3.5x SDE.
Real Estate Media: 133 employer businesses here. Typical sale multiple: 1.5x - 2.8x SDE.
Software Companies (SaaS): 120 employer businesses here. Typical sale multiple: 3.5x - 5.5x SDE.
E-commerce & Online Brands. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Gas Stations & Convenience
1,030 related employer businesses in Baltimore.
Gas Stations: 612 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.
Convenience Stores: 418 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Truck Stops & Travel Centers. Typical sale multiple: 3.5x - 5.5x EBITDA + Real Estate.
Pharmacies & Medical Supply
920 related employer businesses in Baltimore.
Compounding Pharmacies: 379 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Specialty Pharmacies: 379 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Home Infusion: 372 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Durable Medical Equipment (DME): 86 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.
Medical Supply Retail: 83 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Health & Fitness
831 related employer businesses in Baltimore.
Wellness & Recovery Centers: 469 employer businesses here. Typical sale multiple: 5.5x - 9.7x EBITDA.
Gyms & Health Clubs: 362 employer businesses here. Typical sale multiple: 2.44x - 2.93x SDE.
Yoga Studios: 362 employer businesses here. Typical sale multiple: 2.07x - 2.50x SDE.
Pilates Studios: 362 employer businesses here. Typical sale multiple: 2.10x - 3.00x SDE.
Personal Training Studios: 362 employer businesses here. Typical sale multiple: 2.00x - 2.80x SDE.
Education & Childcare
778 related employer businesses in Baltimore.
Daycare Centers: 680 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.
Tutoring Centers: 98 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Preschools. Typical sale multiple: 3.12x - 4.0x SDE.
Hospitality & Travel
610 related employer businesses in Baltimore.
Hotels: 276 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.
Motels: 276 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.
Transportation Services: 245 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.
Travel Agencies: 74 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.
Bed & Breakfasts / Inns: 8 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Campgrounds & RV Parks: 7 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Entertainment & Recreation
549 related employer businesses in Baltimore.
Bars & Pubs: 256 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Clubs & Lounges: 256 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.
Outdoor Recreation: 185 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Golf Courses: 55 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.
Arcades & FECs: 28 employer businesses here. Typical sale multiple: 2.1x - 3.6x SDE.
Bowling Alleys: 25 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.
Senior Care & Living
526 related employer businesses in Baltimore.
Non-Medical Home Care: 284 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Assisted Living Facilities: 156 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Senior Living Communities: 86 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Adult Day Services. Typical sale multiple: 2.5x - 4.0x SDE.
Energy & Utilities
344 related employer businesses in Baltimore.
Waste Management & Recycling: 158 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Water & Wastewater Services: 89 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Propane & Fuel Distribution: 76 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Solar & Renewable Energy: 16 employer businesses here. Typical sale multiple: 3.5x - 6.0x EBITDA.
Oil & Gas Services: 5 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA + Equipment.
Pet Services
296 related employer businesses in Baltimore.
Pet Grooming & Spas: 219 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Boarding, Daycare & Training: 219 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Pet Retail & Specialty Supplies: 77 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE + Inventory.
Mobile & In-Home Pet Care. Typical sale multiple: 1.5x - 2.5x SDE + Fleet.
E-commerce & Online Businesses
Amazon FBA Businesses. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Online Marketplaces. Typical sale multiple: 3.5x - 6.0x SDE.
Land & Agriculture
Crop Production. Typical sale multiple: 4.5x - 6.69x EBITDA.
Livestock & Ranching. Typical sale multiple: 3.0x - 5.76x EBITDA.
Agribusiness & Infrastructure. Typical sale multiple: 5.2x - 10.3x EBITDA.
AgTech & Precision Ag. Typical sale multiple: 8.3x - 12.1x EBITDA.
Agri-Tourism & Lifestyle. Typical sale multiple: 2.51x - 4.54x SDE.
Counties in this metro area
Working with owners in Baltimore
Business Advisors of America works with owners who are selling a business in Baltimore. Contact us to talk about a sale.
FREQUENTLY ASKED QUESTIONS
Questions owners in Baltimore ask
How long does it take to sell a business in Baltimore?
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 Baltimore?
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 Baltimore
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