Selling a Business in Cleveland

Owners in the Cleveland area sell to local buyers and to buyers from other markets. The area has 51,450 employer businesses, and 83% of them have fewer than 20 employees. This page shows what is here and how a sale is handled.

LOCAL SNAPSHOT

Cleveland by the numbers

51,450

51,450

EMPLOYER BUSINESSES

83%

83%

SMALL EMPLOYER SHARE

191,420

191,420

BUSINESSES WITH NO EMPLOYEES

971,092

971,092

EMPLOYMENT

$63.6 billion

$63.6 billion

ANNUAL PAYROLL

21,896

21,896

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 Cleveland compares

  • The Cleveland area ranks 1st of 12 Ohio metro areas for employer businesses.

  • The number of employer businesses fell 1.8% between 2018 and 2023.

  • Wholesale makes up 6% of employer businesses in Cleveland, compared with 5% in Ohio.

  • 21,896 employer businesses here have 5 to 49 employees.

  • The Cleveland area ranks 1st of 12 Ohio metro areas for employer businesses.

  • The number of employer businesses fell 1.8% between 2018 and 2023.

  • Wholesale makes up 6% of employer businesses in Cleveland, compared with 5% in Ohio.

  • 21,896 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

  • Retail: 6,468 employer businesses

  • Health care and social assistance: 5,962 employer businesses

  • Professional and technical services: 5,538 employer businesses

  • Repair, personal care and other services: 5,218 employer businesses

  • Accommodation and food service: 5,040 employer businesses

The largest industries by number of employer businesses:

  • Retail: 6,468 employer businesses

  • Health care and social assistance: 5,962 employer businesses

  • Professional and technical services: 5,538 employer businesses

  • Repair, personal care and other services: 5,218 employer businesses

  • Accommodation and food service: 5,040 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 Cleveland

Retail, health care and social assistance, professional and technical services, repair, personal care and other services

Every kind of business we sell in Cleveland

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

5,123 related employer businesses in Cleveland.

  • General Contracting: 1,196 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Landscaping: 1,000 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Interior Finishing: 737 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Plumbing: 602 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 602 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Electrical: 401 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Civil Engineering: 367 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Foundation & Site Prep: 366 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Roofing & Siding: 220 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Masonry: 136 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Carpentry & Framing: 56 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Remediation & Restoration: 42 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Restaurants & Food

4,638 related employer businesses in Cleveland.

Medical Practices

3,205 related employer businesses in Cleveland.

Financial & Professional Services

3,088 related employer businesses in Cleveland.

Retail Stores

2,488 related employer businesses in Cleveland.

Manufacturing

2,219 related employer businesses in Cleveland.

Automotive & Boat

1,791 related employer businesses in Cleveland.

  • Auto Repair: 678 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Car Dealerships: 341 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Auto Parts: 332 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Collision Repair: 204 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Washes: 137 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Towing & Repo: 57 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

  • Marinas: 29 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.

  • Boat Dealerships: 13 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.

Wholesale & Distribution

1,477 related employer businesses in Cleveland.

Logistics & Transportation

1,439 related employer businesses in Cleveland.

Beauty & Personal Care

1,106 related employer businesses in Cleveland.

  • Hair Salons: 664 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Nail Salons: 223 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Day Spas: 180 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 180 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 180 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Barber Shops: 39 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.

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

Gas Stations & Convenience

1,003 related employer businesses in Cleveland.

Home Services

973 related employer businesses in Cleveland.

Technology & Media

730 related employer businesses in Cleveland.

Pharmacies & Medical Supply

702 related employer businesses in Cleveland.

Education & Childcare

624 related employer businesses in Cleveland.

  • Daycare Centers: 584 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

  • Tutoring Centers: 40 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

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

Entertainment & Recreation

608 related employer businesses in Cleveland.

  • Bars & Pubs: 345 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 345 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Outdoor Recreation: 122 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Golf Courses: 74 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.

  • Bowling Alleys: 37 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.

  • Arcades & FECs: 30 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.

Health & Fitness

443 related employer businesses in Cleveland.

Senior Care & Living

415 related employer businesses in Cleveland.

Hospitality & Travel

408 related employer businesses in Cleveland.

  • Hotels: 213 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 213 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 122 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

  • Travel Agencies: 45 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.

  • Campgrounds & RV Parks: 23 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

  • Bed & Breakfasts / Inns: 5 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

Pet Services

251 related employer businesses in Cleveland.

Energy & Utilities

196 related employer businesses in Cleveland.

E-commerce & Online Businesses

Land & Agriculture

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

5,123 related employer businesses in Cleveland.

  • General Contracting: 1,196 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Landscaping: 1,000 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Interior Finishing: 737 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Plumbing: 602 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 602 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Electrical: 401 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Civil Engineering: 367 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Foundation & Site Prep: 366 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Roofing & Siding: 220 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Masonry: 136 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Carpentry & Framing: 56 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Remediation & Restoration: 42 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Restaurants & Food

4,638 related employer businesses in Cleveland.

Medical Practices

3,205 related employer businesses in Cleveland.

Financial & Professional Services

3,088 related employer businesses in Cleveland.

Retail Stores

2,488 related employer businesses in Cleveland.

Manufacturing

2,219 related employer businesses in Cleveland.

Automotive & Boat

1,791 related employer businesses in Cleveland.

  • Auto Repair: 678 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Car Dealerships: 341 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Auto Parts: 332 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Collision Repair: 204 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Washes: 137 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Towing & Repo: 57 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

  • Marinas: 29 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.

  • Boat Dealerships: 13 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.

Wholesale & Distribution

1,477 related employer businesses in Cleveland.

Logistics & Transportation

1,439 related employer businesses in Cleveland.

Beauty & Personal Care

1,106 related employer businesses in Cleveland.

  • Hair Salons: 664 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Nail Salons: 223 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Day Spas: 180 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 180 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 180 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Barber Shops: 39 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.

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

Gas Stations & Convenience

1,003 related employer businesses in Cleveland.

Home Services

973 related employer businesses in Cleveland.

Technology & Media

730 related employer businesses in Cleveland.

Pharmacies & Medical Supply

702 related employer businesses in Cleveland.

Education & Childcare

624 related employer businesses in Cleveland.

  • Daycare Centers: 584 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

  • Tutoring Centers: 40 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

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

Entertainment & Recreation

608 related employer businesses in Cleveland.

  • Bars & Pubs: 345 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 345 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Outdoor Recreation: 122 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Golf Courses: 74 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.

  • Bowling Alleys: 37 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.

  • Arcades & FECs: 30 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.

Health & Fitness

443 related employer businesses in Cleveland.

Senior Care & Living

415 related employer businesses in Cleveland.

Hospitality & Travel

408 related employer businesses in Cleveland.

  • Hotels: 213 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 213 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 122 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

  • Travel Agencies: 45 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.

  • Campgrounds & RV Parks: 23 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

  • Bed & Breakfasts / Inns: 5 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

Pet Services

251 related employer businesses in Cleveland.

Energy & Utilities

196 related employer businesses in Cleveland.

E-commerce & Online Businesses

Land & Agriculture

Counties in this metro area

Working with owners in Cleveland

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

FREQUENTLY ASKED QUESTIONS

Questions owners in Cleveland ask

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

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 Cleveland?

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 Cleveland

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