Selling a Business in Cedar Rapids

Owners in the Cedar Rapids area sell to local buyers and to buyers from other markets. The area has 6,793 employer businesses, and 82% of them have fewer than 20 employees. This page shows what is here and how a sale is handled.

LOCAL SNAPSHOT

Cedar Rapids by the numbers

6,793

6,793

EMPLOYER BUSINESSES

82%

82%

SMALL EMPLOYER SHARE

19,090

19,090

BUSINESSES WITH NO EMPLOYEES

128,088

128,088

EMPLOYMENT

$7.7 billion

$7.7 billion

ANNUAL PAYROLL

3,063

3,063

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 Cedar Rapids compares

  • The Cedar Rapids area ranks 3rd of 8 Iowa metro areas for employer businesses.

  • The number of employer businesses grew 0.2% between 2018 and 2023.

  • Health care and social assistance makes up 12% of employer businesses in Cedar Rapids, compared with 11% in Iowa.

  • 3,063 employer businesses here have 5 to 49 employees.

  • The Cedar Rapids area ranks 3rd of 8 Iowa metro areas for employer businesses.

  • The number of employer businesses grew 0.2% between 2018 and 2023.

  • Health care and social assistance makes up 12% of employer businesses in Cedar Rapids, compared with 11% in Iowa.

  • 3,063 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

  • Health care and social assistance: 848 employer businesses

  • Retail: 830 employer businesses

  • Construction: 738 employer businesses

  • Repair, personal care and other services: 705 employer businesses

  • Accommodation and food service: 631 employer businesses

The largest industries by number of employer businesses:

  • Health care and social assistance: 848 employer businesses

  • Retail: 830 employer businesses

  • Construction: 738 employer businesses

  • Repair, personal care and other services: 705 employer businesses

  • Accommodation and food service: 631 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 Cedar Rapids

We sell businesses in every one of these industries in Cedar Rapids. 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

794 related employer businesses in Cedar Rapids.

  • General Contracting: 212 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Interior Finishing: 110 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Landscaping: 88 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Foundation & Site Prep: 88 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Plumbing: 87 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 87 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Electrical: 72 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Civil Engineering: 59 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Roofing & Siding: 43 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Carpentry & Framing: 16 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Masonry: 15 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Remediation & Restoration: 4 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Restaurants & Food

533 related employer businesses in Cedar Rapids.

Financial & Professional Services

455 related employer businesses in Cedar Rapids.

Medical Practices

402 related employer businesses in Cedar Rapids.

Retail Stores

305 related employer businesses in Cedar Rapids.

Automotive & Boat

267 related employer businesses in Cedar Rapids.

  • Auto Repair: 113 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Car Dealerships: 50 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Auto Parts: 40 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Collision Repair: 32 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Washes: 25 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Towing & Repo: 7 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

Logistics & Transportation

242 related employer businesses in Cedar Rapids.

Manufacturing

205 related employer businesses in Cedar Rapids.

Wholesale & Distribution

187 related employer businesses in Cedar Rapids.

Gas Stations & Convenience

137 related employer businesses in Cedar Rapids.

Home Services

115 related employer businesses in Cedar Rapids.

Education & Childcare

102 related employer businesses in Cedar Rapids.

  • Daycare Centers: 98 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.

Beauty & Personal Care

95 related employer businesses in Cedar Rapids.

  • Hair Salons: 65 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Day Spas: 26 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 26 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 26 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Nail Salons: 4 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

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

Entertainment & Recreation

94 related employer businesses in Cedar Rapids.

  • Bars & Pubs: 57 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 57 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Golf Courses: 15 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.

  • Outdoor Recreation: 12 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Bowling Alleys: 6 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.

  • Arcades & FECs: 4 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.

Technology & Media

84 related employer businesses in Cedar Rapids.

Pharmacies & Medical Supply

82 related employer businesses in Cedar Rapids.

Hospitality & Travel

71 related employer businesses in Cedar Rapids.

  • Hotels: 48 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 48 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 15 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

  • Travel Agencies: 5 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.

  • Campgrounds & RV Parks: 3 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Health & Fitness

64 related employer businesses in Cedar Rapids.

Senior Care & Living

46 related employer businesses in Cedar Rapids.

Pet Services

38 related employer businesses in Cedar Rapids.

Energy & Utilities

31 related employer businesses in Cedar Rapids.

E-commerce & Online Businesses

Land & Agriculture

We sell businesses in every one of these industries in Cedar Rapids. 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

794 related employer businesses in Cedar Rapids.

  • General Contracting: 212 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Interior Finishing: 110 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Landscaping: 88 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Foundation & Site Prep: 88 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Plumbing: 87 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 87 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Electrical: 72 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Civil Engineering: 59 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Roofing & Siding: 43 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Carpentry & Framing: 16 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Masonry: 15 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Remediation & Restoration: 4 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Restaurants & Food

533 related employer businesses in Cedar Rapids.

Financial & Professional Services

455 related employer businesses in Cedar Rapids.

Medical Practices

402 related employer businesses in Cedar Rapids.

Retail Stores

305 related employer businesses in Cedar Rapids.

Automotive & Boat

267 related employer businesses in Cedar Rapids.

  • Auto Repair: 113 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Car Dealerships: 50 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Auto Parts: 40 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Collision Repair: 32 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Washes: 25 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Towing & Repo: 7 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

Logistics & Transportation

242 related employer businesses in Cedar Rapids.

Manufacturing

205 related employer businesses in Cedar Rapids.

Wholesale & Distribution

187 related employer businesses in Cedar Rapids.

Gas Stations & Convenience

137 related employer businesses in Cedar Rapids.

Home Services

115 related employer businesses in Cedar Rapids.

Education & Childcare

102 related employer businesses in Cedar Rapids.

  • Daycare Centers: 98 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.

Beauty & Personal Care

95 related employer businesses in Cedar Rapids.

  • Hair Salons: 65 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Day Spas: 26 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 26 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 26 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Nail Salons: 4 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

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

Entertainment & Recreation

94 related employer businesses in Cedar Rapids.

  • Bars & Pubs: 57 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 57 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Golf Courses: 15 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.

  • Outdoor Recreation: 12 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Bowling Alleys: 6 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.

  • Arcades & FECs: 4 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.

Technology & Media

84 related employer businesses in Cedar Rapids.

Pharmacies & Medical Supply

82 related employer businesses in Cedar Rapids.

Hospitality & Travel

71 related employer businesses in Cedar Rapids.

  • Hotels: 48 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 48 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 15 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

  • Travel Agencies: 5 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.

  • Campgrounds & RV Parks: 3 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Health & Fitness

64 related employer businesses in Cedar Rapids.

Senior Care & Living

46 related employer businesses in Cedar Rapids.

Pet Services

38 related employer businesses in Cedar Rapids.

Energy & Utilities

31 related employer businesses in Cedar Rapids.

E-commerce & Online Businesses

Land & Agriculture

Counties in this metro area

Working with owners in Cedar Rapids

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

FREQUENTLY ASKED QUESTIONS

Questions owners in Cedar Rapids ask

How long does it take to sell a business in Cedar Rapids?

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 Cedar Rapids?

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 Cedar Rapids

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