Selling a Business in Charlotte

Owners in the Charlotte area sell to local buyers and to buyers from other markets. The area has 71,411 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

Charlotte by the numbers

71,411

71,411

EMPLOYER BUSINESSES

84%

84%

SMALL EMPLOYER SHARE

279,050

279,050

BUSINESSES WITH NO EMPLOYEES

1,238,884

1,238,884

EMPLOYMENT

$85.0 billion

$85.0 billion

ANNUAL PAYROLL

27,600

27,600

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 Charlotte compares

  • The Charlotte area ranks 1st of 15 North Carolina metro areas for employer businesses.

  • The number of employer businesses grew 13.7% between 2018 and 2023.

  • Wholesale makes up 5% of employer businesses in Charlotte, compared with 4% in North Carolina.

  • 27,600 employer businesses here have 5 to 49 employees.

  • The Charlotte area ranks 1st of 15 North Carolina metro areas for employer businesses.

  • The number of employer businesses grew 13.7% between 2018 and 2023.

  • Wholesale makes up 5% of employer businesses in Charlotte, compared with 4% in North Carolina.

  • 27,600 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

  • Professional and technical services: 8,569 employer businesses

  • Retail: 8,197 employer businesses

  • Construction: 7,500 employer businesses

  • Health care and social assistance: 7,235 employer businesses

  • Repair, personal care and other services: 6,948 employer businesses

The largest industries by number of employer businesses:

  • Professional and technical services: 8,569 employer businesses

  • Retail: 8,197 employer businesses

  • Construction: 7,500 employer businesses

  • Health care and social assistance: 7,235 employer businesses

  • Repair, personal care and other services: 6,948 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 Charlotte

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

8,176 related employer businesses in Charlotte.

  • General Contracting: 2,314 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Interior Finishing: 1,180 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Landscaping: 1,103 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Plumbing: 960 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 960 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Electrical: 768 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Foundation & Site Prep: 611 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Civil Engineering: 578 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Roofing & Siding: 343 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Masonry: 164 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Carpentry & Framing: 112 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Remediation & Restoration: 43 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Financial & Professional Services

5,707 related employer businesses in Charlotte.

Restaurants & Food

5,591 related employer businesses in Charlotte.

Medical Practices

4,532 related employer businesses in Charlotte.

Retail Stores

3,269 related employer businesses in Charlotte.

Logistics & Transportation

2,505 related employer businesses in Charlotte.

Automotive & Boat

2,385 related employer businesses in Charlotte.

  • Auto Repair: 899 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Car Dealerships: 441 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Auto Parts: 433 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Collision Repair: 282 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Washes: 193 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Towing & Repo: 97 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

  • Boat Dealerships: 30 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.

  • Marinas: 10 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.

Wholesale & Distribution

1,897 related employer businesses in Charlotte.

Manufacturing

1,855 related employer businesses in Charlotte.

Home Services

1,526 related employer businesses in Charlotte.

Beauty & Personal Care

1,340 related employer businesses in Charlotte.

  • Hair Salons: 735 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Day Spas: 312 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 312 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 312 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Nail Salons: 211 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Barber Shops: 82 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.

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

Technology & Media

1,227 related employer businesses in Charlotte.

Gas Stations & Convenience

1,106 related employer businesses in Charlotte.

Pharmacies & Medical Supply

930 related employer businesses in Charlotte.

Education & Childcare

723 related employer businesses in Charlotte.

  • Daycare Centers: 633 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

  • Tutoring Centers: 90 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

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

Health & Fitness

613 related employer businesses in Charlotte.

Hospitality & Travel

602 related employer businesses in Charlotte.

  • Hotels: 434 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 434 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 90 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

  • Travel Agencies: 71 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.

  • Campgrounds & RV Parks: 4 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

  • Bed & Breakfasts / Inns: 3 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

Entertainment & Recreation

539 related employer businesses in Charlotte.

  • Bars & Pubs: 232 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 232 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Outdoor Recreation: 186 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Golf Courses: 64 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.

  • Arcades & FECs: 39 employer businesses here. Typical sale multiple: 2.1x - 3.6x SDE.

  • Bowling Alleys: 18 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

441 related employer businesses in Charlotte.

Energy & Utilities

394 related employer businesses in Charlotte.

Pet Services

368 related employer businesses in Charlotte.

E-commerce & Online Businesses

Land & Agriculture

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

8,176 related employer businesses in Charlotte.

  • General Contracting: 2,314 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Interior Finishing: 1,180 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Landscaping: 1,103 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Plumbing: 960 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 960 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Electrical: 768 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Foundation & Site Prep: 611 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Civil Engineering: 578 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Roofing & Siding: 343 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Masonry: 164 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Carpentry & Framing: 112 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Remediation & Restoration: 43 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Financial & Professional Services

5,707 related employer businesses in Charlotte.

Restaurants & Food

5,591 related employer businesses in Charlotte.

Medical Practices

4,532 related employer businesses in Charlotte.

Retail Stores

3,269 related employer businesses in Charlotte.

Logistics & Transportation

2,505 related employer businesses in Charlotte.

Automotive & Boat

2,385 related employer businesses in Charlotte.

  • Auto Repair: 899 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Car Dealerships: 441 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Auto Parts: 433 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Collision Repair: 282 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Washes: 193 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Towing & Repo: 97 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

  • Boat Dealerships: 30 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.

  • Marinas: 10 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.

Wholesale & Distribution

1,897 related employer businesses in Charlotte.

Manufacturing

1,855 related employer businesses in Charlotte.

Home Services

1,526 related employer businesses in Charlotte.

Beauty & Personal Care

1,340 related employer businesses in Charlotte.

  • Hair Salons: 735 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Day Spas: 312 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 312 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 312 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Nail Salons: 211 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Barber Shops: 82 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.

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

Technology & Media

1,227 related employer businesses in Charlotte.

Gas Stations & Convenience

1,106 related employer businesses in Charlotte.

Pharmacies & Medical Supply

930 related employer businesses in Charlotte.

Education & Childcare

723 related employer businesses in Charlotte.

  • Daycare Centers: 633 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

  • Tutoring Centers: 90 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

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

Health & Fitness

613 related employer businesses in Charlotte.

Hospitality & Travel

602 related employer businesses in Charlotte.

  • Hotels: 434 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 434 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 90 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

  • Travel Agencies: 71 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.

  • Campgrounds & RV Parks: 4 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

  • Bed & Breakfasts / Inns: 3 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

Entertainment & Recreation

539 related employer businesses in Charlotte.

  • Bars & Pubs: 232 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 232 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Outdoor Recreation: 186 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Golf Courses: 64 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.

  • Arcades & FECs: 39 employer businesses here. Typical sale multiple: 2.1x - 3.6x SDE.

  • Bowling Alleys: 18 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

441 related employer businesses in Charlotte.

Energy & Utilities

394 related employer businesses in Charlotte.

Pet Services

368 related employer businesses in Charlotte.

E-commerce & Online Businesses

Land & Agriculture

Counties in this metro area

Working with owners in Charlotte

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

FREQUENTLY ASKED QUESTIONS

Questions owners in Charlotte ask

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

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 Charlotte?

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 Charlotte

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