Selling a Business in Bozeman
Owners in the Bozeman area sell to local buyers and to buyers from other markets. The area has 6,828 employer businesses, and 90% of them have fewer than 20 employees. This page shows what is here and how a sale is handled.
LOCAL SNAPSHOT
Bozeman by the numbers
6,828
6,828
EMPLOYER BUSINESSES
90%
90%
SMALL EMPLOYER SHARE
17,176
17,176
BUSINESSES WITH NO EMPLOYEES
59,252
59,252
EMPLOYMENT
$3.5 billion
$3.5 billion
ANNUAL PAYROLL
2,245
2,245
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 Bozeman compares
The Bozeman area ranks 1st of 5 Montana metro areas for employer businesses.
The number of employer businesses grew 16.1% between 2018 and 2023.
Professional and technical services makes up 14% of employer businesses in Bozeman, compared with 10% in Montana.
2,245 employer businesses here have 5 to 49 employees.
The Bozeman area ranks 1st of 5 Montana metro areas for employer businesses.
The number of employer businesses grew 16.1% between 2018 and 2023.
Professional and technical services makes up 14% of employer businesses in Bozeman, compared with 10% in Montana.
2,245 employer businesses here have 5 to 49 employees.
Industry mix
The largest industries by number of employer businesses:
Construction: 1,363 employer businesses
Professional and technical services: 947 employer businesses
Retail: 622 employer businesses
Health care and social assistance: 580 employer businesses
Real estate and rental: 540 employer businesses
The largest industries by number of employer businesses:
Construction: 1,363 employer businesses
Professional and technical services: 947 employer businesses
Retail: 622 employer businesses
Health care and social assistance: 580 employer businesses
Real estate and rental: 540 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 Bozeman
Construction, professional and technical services, retail, health care and social assistance
Every kind of business we sell in Bozeman
We sell businesses in every one of these industries in Bozeman. 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
1,482 related employer businesses in Bozeman.
General Contracting: 487 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Interior Finishing: 276 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Landscaping: 148 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Foundation & Site Prep: 126 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Plumbing: 111 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 111 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.
Civil Engineering: 102 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.
Electrical: 93 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Carpentry & Framing: 59 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Roofing & Siding: 49 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Masonry: 31 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.
Financial & Professional Services
564 related employer businesses in Bozeman.
Real Estate Brokerages: 268 employer businesses here. Typical sale multiple: 2.5x - 4.5x SDE.
Accounting & Tax Practices: 132 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Insurance Agencies: 84 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.
Wealth Management: 59 employer businesses here. Typical sale multiple: 2.7x - 4.0x Recurring Revenue.
Private Lending: 21 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Restaurants & Food
368 related employer businesses in Bozeman.
Full-Service Restaurants: 157 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Quick-Service & Fast Food: 106 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Coffee Shops: 62 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Grocery Stores & Markets: 30 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Liquor, Wine & Beer Stores: 10 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Bakeries: 3 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Ghost Kitchens. Typical sale multiple: 2.0x - 3.0x SDE.
Medical Practices
346 related employer businesses in Bozeman.
Mental & Behavioral Health: 96 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Dental Practices: 74 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Primary & Family Care: 55 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE.
Physical Therapy & Rehab: 44 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Veterinary Medicine: 29 employer businesses here. Typical sale multiple: 6.0x - 9.0x EBITDA.
Specialty Medicine: 15 employer businesses here. Typical sale multiple: 5.0x - 7.0x EBITDA.
Vision & Eye Care: 12 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Home Health & Hospice: 12 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Urgent Care Clinics: 9 employer businesses here. Typical sale multiple: 4.0x - 6.0x EBITDA.
Retail Stores
286 related employer businesses in Bozeman.
Fashion, Apparel & Jewelry: 67 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE + Inventory.
Hardware, Garden & Building: 59 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Sporting Goods & Firearms: 45 employer businesses here. Typical sale multiple: 2.3x - 3.4x SDE.
Home Decor & Furniture: 38 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE + Inventory.
Hobby, Toys & Gift Shops: 37 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE + Inventory.
Health, Beauty & Pharmacy: 27 employer businesses here. Typical sale multiple: 2.8x - 4.2x EBITDA.
Electronics & Repair: 13 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Home Services
218 related employer businesses in Bozeman.
Residential Cleaning: 114 employer businesses here. Typical sale multiple: 1.5x - 2.6x SDE.
Commercial Cleaning: 114 employer businesses here. Typical sale multiple: 2.47x - 4.11x EBITDA.
Property Management: 92 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Security Systems: 7 employer businesses here. Typical sale multiple: 3.0x - 4.9x EBITDA.
Pest Control: 5 employer businesses here. Typical sale multiple: 2.34x - 2.90x SDE.
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.
Manufacturing
196 related employer businesses in Bozeman.
Food & Beverage Manufacturing: 44 employer businesses here. Typical sale multiple: 3.1x - 4.5x SDE.
Metal Fabrication: 43 employer businesses here. Typical sale multiple: 3.2x - 4.2x SDE.
Wood & Furniture Manufacturing: 29 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Printing & Plastics: 19 employer businesses here. Typical sale multiple: 2.9x - 4.9x SDE.
Medical & Chemical Manufacturing: 19 employer businesses here. Typical sale multiple: 4.5x - 8.0x EBITDA.
Electronics & Tech Manufacturing: 19 employer businesses here. Typical sale multiple: 4.0x - 7.5x EBITDA.
Construction Materials Manufacturing: 14 employer businesses here. Typical sale multiple: 2.5x - 5.0x EBITDA.
Textile & Apparel Manufacturing: 9 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Technology & Media
161 related employer businesses in Bozeman.
Creative Agencies: 57 employer businesses here. Typical sale multiple: 1.8x - 3.0x SDE.
Real Estate Media: 33 employer businesses here. Typical sale multiple: 1.5x - 2.8x SDE.
Media, Film & Studio Production: 31 employer businesses here. Typical sale multiple: 2.2x - 3.5x SDE.
Digital Marketing Agencies: 23 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Software Companies (SaaS): 17 employer businesses here. Typical sale multiple: 3.5x - 5.5x SDE.
E-commerce & Online Brands. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Automotive & Boat
123 related employer businesses in Bozeman.
Auto Repair: 54 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.
Car Washes: 19 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.
Collision Repair: 18 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Auto Parts: 13 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.
Car Dealerships: 13 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.
Towing & Repo: 6 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.
Entertainment & Recreation
115 related employer businesses in Bozeman.
Outdoor Recreation: 62 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Bars & Pubs: 43 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Clubs & Lounges: 43 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.
Golf Courses: 7 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.
Arcades & FECs: 3 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
111 related employer businesses in Bozeman.
Hotels: 77 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.
Motels: 77 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.
Campgrounds & RV Parks: 13 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Transportation Services: 10 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.
Travel Agencies: 8 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.
Bed & Breakfasts / Inns: 3 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Logistics & Transportation
109 related employer businesses in Bozeman.
General Freight Trucking: 78 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.
Commercial Moving: 8 employer businesses here. Typical sale multiple: 1.5x - 3.0x SDE.
Warehousing & Fulfillment: 8 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Last-Mile & Courier: 8 employer businesses here. Typical sale multiple: 2.76x - 3.32x SDE.
Freight Brokerage & 3PL: 4 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Heavy Haul Transport: 3 employer businesses here. Typical sale multiple: 3.5x - 4.5x SDE.
Port Drayage. Typical sale multiple: 2.5x - 3.5x SDE.
Wholesale & Distribution
95 related employer businesses in Bozeman.
Industrial & Construction Supply: 33 employer businesses here. Typical sale multiple: 3.0x - 4.0x SDE.
Food & Beverage Distribution: 29 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Electronics, IT & Office Equipment Distribution: 24 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Consumer Goods & Apparel Distribution: 5 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Chemicals, Plastics & Raw Materials Distribution: 4 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Beauty & Personal Care
72 related employer businesses in Bozeman.
Hair Salons: 42 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.
Day Spas: 21 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.
Tattoo Shops: 21 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Massage Parlors: 21 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Nail Salons: 9 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.
Medical Spas. Typical sale multiple: 2.5x - 4.5x EBITDA.
Education & Childcare
64 related employer businesses in Bozeman.
Daycare Centers: 60 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.
Tutoring Centers: 4 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Preschools. Typical sale multiple: 3.12x - 4.0x SDE.
Health & Fitness
50 related employer businesses in Bozeman.
Gyms & Health Clubs: 39 employer businesses here. Typical sale multiple: 2.44x - 2.93x SDE.
Yoga Studios: 39 employer businesses here. Typical sale multiple: 2.07x - 2.50x SDE.
Pilates Studios: 39 employer businesses here. Typical sale multiple: 2.10x - 3.00x SDE.
Personal Training Studios: 39 employer businesses here. Typical sale multiple: 2.00x - 2.80x SDE.
Wellness & Recovery Centers: 11 employer businesses here. Typical sale multiple: 5.5x - 9.7x EBITDA.
Gas Stations & Convenience
39 related employer businesses in Bozeman.
Gas Stations: 36 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.
Convenience Stores: 3 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
32 related employer businesses in Bozeman.
Home Infusion: 12 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Durable Medical Equipment (DME): 11 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.
Compounding Pharmacies: 6 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Specialty Pharmacies: 6 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Medical Supply Retail: 3 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Pet Services
29 related employer businesses in Bozeman.
Pet Grooming & Spas: 22 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Boarding, Daycare & Training: 22 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Pet Retail & Specialty Supplies: 7 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.
Energy & Utilities
28 related employer businesses in Bozeman.
Water & Wastewater Services: 19 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Waste Management & Recycling: 5 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Propane & Fuel Distribution: 4 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Senior Care & Living
27 related employer businesses in Bozeman.
Non-Medical Home Care: 17 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Assisted Living Facilities: 7 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Senior Living Communities: 3 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Adult Day Services. Typical sale multiple: 2.5x - 4.0x SDE.
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 Bozeman. 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
1,482 related employer businesses in Bozeman.
General Contracting: 487 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Interior Finishing: 276 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Landscaping: 148 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Foundation & Site Prep: 126 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Plumbing: 111 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 111 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.
Civil Engineering: 102 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.
Electrical: 93 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Carpentry & Framing: 59 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Roofing & Siding: 49 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Masonry: 31 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.
Financial & Professional Services
564 related employer businesses in Bozeman.
Real Estate Brokerages: 268 employer businesses here. Typical sale multiple: 2.5x - 4.5x SDE.
Accounting & Tax Practices: 132 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Insurance Agencies: 84 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.
Wealth Management: 59 employer businesses here. Typical sale multiple: 2.7x - 4.0x Recurring Revenue.
Private Lending: 21 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Restaurants & Food
368 related employer businesses in Bozeman.
Full-Service Restaurants: 157 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Quick-Service & Fast Food: 106 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Coffee Shops: 62 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Grocery Stores & Markets: 30 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Liquor, Wine & Beer Stores: 10 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Bakeries: 3 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Ghost Kitchens. Typical sale multiple: 2.0x - 3.0x SDE.
Medical Practices
346 related employer businesses in Bozeman.
Mental & Behavioral Health: 96 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Dental Practices: 74 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Primary & Family Care: 55 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE.
Physical Therapy & Rehab: 44 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Veterinary Medicine: 29 employer businesses here. Typical sale multiple: 6.0x - 9.0x EBITDA.
Specialty Medicine: 15 employer businesses here. Typical sale multiple: 5.0x - 7.0x EBITDA.
Vision & Eye Care: 12 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Home Health & Hospice: 12 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Urgent Care Clinics: 9 employer businesses here. Typical sale multiple: 4.0x - 6.0x EBITDA.
Retail Stores
286 related employer businesses in Bozeman.
Fashion, Apparel & Jewelry: 67 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE + Inventory.
Hardware, Garden & Building: 59 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Sporting Goods & Firearms: 45 employer businesses here. Typical sale multiple: 2.3x - 3.4x SDE.
Home Decor & Furniture: 38 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE + Inventory.
Hobby, Toys & Gift Shops: 37 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE + Inventory.
Health, Beauty & Pharmacy: 27 employer businesses here. Typical sale multiple: 2.8x - 4.2x EBITDA.
Electronics & Repair: 13 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Home Services
218 related employer businesses in Bozeman.
Residential Cleaning: 114 employer businesses here. Typical sale multiple: 1.5x - 2.6x SDE.
Commercial Cleaning: 114 employer businesses here. Typical sale multiple: 2.47x - 4.11x EBITDA.
Property Management: 92 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Security Systems: 7 employer businesses here. Typical sale multiple: 3.0x - 4.9x EBITDA.
Pest Control: 5 employer businesses here. Typical sale multiple: 2.34x - 2.90x SDE.
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.
Manufacturing
196 related employer businesses in Bozeman.
Food & Beverage Manufacturing: 44 employer businesses here. Typical sale multiple: 3.1x - 4.5x SDE.
Metal Fabrication: 43 employer businesses here. Typical sale multiple: 3.2x - 4.2x SDE.
Wood & Furniture Manufacturing: 29 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Printing & Plastics: 19 employer businesses here. Typical sale multiple: 2.9x - 4.9x SDE.
Medical & Chemical Manufacturing: 19 employer businesses here. Typical sale multiple: 4.5x - 8.0x EBITDA.
Electronics & Tech Manufacturing: 19 employer businesses here. Typical sale multiple: 4.0x - 7.5x EBITDA.
Construction Materials Manufacturing: 14 employer businesses here. Typical sale multiple: 2.5x - 5.0x EBITDA.
Textile & Apparel Manufacturing: 9 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Technology & Media
161 related employer businesses in Bozeman.
Creative Agencies: 57 employer businesses here. Typical sale multiple: 1.8x - 3.0x SDE.
Real Estate Media: 33 employer businesses here. Typical sale multiple: 1.5x - 2.8x SDE.
Media, Film & Studio Production: 31 employer businesses here. Typical sale multiple: 2.2x - 3.5x SDE.
Digital Marketing Agencies: 23 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Software Companies (SaaS): 17 employer businesses here. Typical sale multiple: 3.5x - 5.5x SDE.
E-commerce & Online Brands. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Automotive & Boat
123 related employer businesses in Bozeman.
Auto Repair: 54 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.
Car Washes: 19 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.
Collision Repair: 18 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Auto Parts: 13 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.
Car Dealerships: 13 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.
Towing & Repo: 6 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.
Entertainment & Recreation
115 related employer businesses in Bozeman.
Outdoor Recreation: 62 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Bars & Pubs: 43 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Clubs & Lounges: 43 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.
Golf Courses: 7 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.
Arcades & FECs: 3 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
111 related employer businesses in Bozeman.
Hotels: 77 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.
Motels: 77 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.
Campgrounds & RV Parks: 13 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Transportation Services: 10 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.
Travel Agencies: 8 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.
Bed & Breakfasts / Inns: 3 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Logistics & Transportation
109 related employer businesses in Bozeman.
General Freight Trucking: 78 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.
Commercial Moving: 8 employer businesses here. Typical sale multiple: 1.5x - 3.0x SDE.
Warehousing & Fulfillment: 8 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Last-Mile & Courier: 8 employer businesses here. Typical sale multiple: 2.76x - 3.32x SDE.
Freight Brokerage & 3PL: 4 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Heavy Haul Transport: 3 employer businesses here. Typical sale multiple: 3.5x - 4.5x SDE.
Port Drayage. Typical sale multiple: 2.5x - 3.5x SDE.
Wholesale & Distribution
95 related employer businesses in Bozeman.
Industrial & Construction Supply: 33 employer businesses here. Typical sale multiple: 3.0x - 4.0x SDE.
Food & Beverage Distribution: 29 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Electronics, IT & Office Equipment Distribution: 24 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Consumer Goods & Apparel Distribution: 5 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Chemicals, Plastics & Raw Materials Distribution: 4 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Beauty & Personal Care
72 related employer businesses in Bozeman.
Hair Salons: 42 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.
Day Spas: 21 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.
Tattoo Shops: 21 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Massage Parlors: 21 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Nail Salons: 9 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.
Medical Spas. Typical sale multiple: 2.5x - 4.5x EBITDA.
Education & Childcare
64 related employer businesses in Bozeman.
Daycare Centers: 60 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.
Tutoring Centers: 4 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Preschools. Typical sale multiple: 3.12x - 4.0x SDE.
Health & Fitness
50 related employer businesses in Bozeman.
Gyms & Health Clubs: 39 employer businesses here. Typical sale multiple: 2.44x - 2.93x SDE.
Yoga Studios: 39 employer businesses here. Typical sale multiple: 2.07x - 2.50x SDE.
Pilates Studios: 39 employer businesses here. Typical sale multiple: 2.10x - 3.00x SDE.
Personal Training Studios: 39 employer businesses here. Typical sale multiple: 2.00x - 2.80x SDE.
Wellness & Recovery Centers: 11 employer businesses here. Typical sale multiple: 5.5x - 9.7x EBITDA.
Gas Stations & Convenience
39 related employer businesses in Bozeman.
Gas Stations: 36 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.
Convenience Stores: 3 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
32 related employer businesses in Bozeman.
Home Infusion: 12 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Durable Medical Equipment (DME): 11 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.
Compounding Pharmacies: 6 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Specialty Pharmacies: 6 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Medical Supply Retail: 3 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Pet Services
29 related employer businesses in Bozeman.
Pet Grooming & Spas: 22 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Boarding, Daycare & Training: 22 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Pet Retail & Specialty Supplies: 7 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.
Energy & Utilities
28 related employer businesses in Bozeman.
Water & Wastewater Services: 19 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Waste Management & Recycling: 5 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Propane & Fuel Distribution: 4 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Senior Care & Living
27 related employer businesses in Bozeman.
Non-Medical Home Care: 17 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Assisted Living Facilities: 7 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Senior Living Communities: 3 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Adult Day Services. Typical sale multiple: 2.5x - 4.0x SDE.
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 Bozeman
Business Advisors of America works with owners who are selling a business in Bozeman. Contact us to talk about a sale.
FREQUENTLY ASKED QUESTIONS
Questions owners in Bozeman ask
How long does it take to sell a business in Bozeman?
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 Bozeman?
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 Bozeman
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