Selling a Business in Denver

Owners in the Denver area sell to local buyers and to buyers from other markets. The area has 91,522 employer businesses, and 86% of them have fewer than 20 employees. This page shows what is here and how a sale is handled.

LOCAL SNAPSHOT

Denver by the numbers

91,522

91,522

EMPLOYER BUSINESSES

86%

86%

SMALL EMPLOYER SHARE

330,939

330,939

BUSINESSES WITH NO EMPLOYEES

1,419,833

1,419,833

EMPLOYMENT

$109.1 billion

$109.1 billion

ANNUAL PAYROLL

32,332

32,332

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 Denver compares

  • The Denver area ranks 1st of 7 Colorado metro areas for employer businesses.

  • The number of employer businesses grew 6.0% between 2018 and 2023.

  • Wholesale makes up 4% of employer businesses in Denver, compared with 4% in Colorado.

  • 32,332 employer businesses here have 5 to 49 employees.

  • The Denver area ranks 1st of 7 Colorado metro areas for employer businesses.

  • The number of employer businesses grew 6.0% between 2018 and 2023.

  • Wholesale makes up 4% of employer businesses in Denver, compared with 4% in Colorado.

  • 32,332 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

  • Professional and technical services: 15,561 employer businesses

  • Health care and social assistance: 10,010 employer businesses

  • Construction: 9,143 employer businesses

  • Retail: 8,583 employer businesses

  • Repair, personal care and other services: 8,090 employer businesses

The largest industries by number of employer businesses:

  • Professional and technical services: 15,561 employer businesses

  • Health care and social assistance: 10,010 employer businesses

  • Construction: 9,143 employer businesses

  • Retail: 8,583 employer businesses

  • Repair, personal care and other services: 8,090 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 Denver

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

10,323 related employer businesses in Denver.

  • General Contracting: 2,317 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Interior Finishing: 1,825 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Civil Engineering: 1,255 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Plumbing: 1,183 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 1,183 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Electrical: 1,016 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Landscaping: 1,005 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Roofing & Siding: 602 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Foundation & Site Prep: 599 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Carpentry & Framing: 201 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Masonry: 185 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Remediation & Restoration: 135 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Financial & Professional Services

9,095 related employer businesses in Denver.

Restaurants & Food

6,909 related employer businesses in Denver.

Medical Practices

6,449 related employer businesses in Denver.

Retail Stores

3,279 related employer businesses in Denver.

Automotive & Boat

2,389 related employer businesses in Denver.

  • Auto Repair: 949 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Auto Parts: 437 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Collision Repair: 378 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Dealerships: 347 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Car Washes: 180 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Towing & Repo: 82 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

  • Boat Dealerships: 11 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.

  • Marinas: 5 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.

Beauty & Personal Care

2,233 related employer businesses in Denver.

  • Hair Salons: 1,181 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Nail Salons: 491 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Day Spas: 459 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 459 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 459 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Barber Shops: 102 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.

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

Technology & Media

2,192 related employer businesses in Denver.

Logistics & Transportation

1,973 related employer businesses in Denver.

Home Services

1,950 related employer businesses in Denver.

Manufacturing

1,858 related employer businesses in Denver.

Wholesale & Distribution

1,786 related employer businesses in Denver.

Gas Stations & Convenience

828 related employer businesses in Denver.

Entertainment & Recreation

812 related employer businesses in Denver.

  • Bars & Pubs: 449 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 449 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Outdoor Recreation: 278 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Golf Courses: 35 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.

  • Arcades & FECs: 30 employer businesses here. Typical sale multiple: 2.1x - 3.6x SDE.

  • Bowling Alleys: 20 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.

Health & Fitness

796 related employer businesses in Denver.

Pharmacies & Medical Supply

739 related employer businesses in Denver.

Education & Childcare

700 related employer businesses in Denver.

  • Daycare Centers: 577 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

  • Tutoring Centers: 123 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

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

Hospitality & Travel

694 related employer businesses in Denver.

  • Hotels: 422 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 422 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 148 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

  • Travel Agencies: 101 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.

  • Bed & Breakfasts / Inns: 14 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Campgrounds & RV Parks: 9 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Senior Care & Living

643 related employer businesses in Denver.

Energy & Utilities

513 related employer businesses in Denver.

Pet Services

494 related employer businesses in Denver.

E-commerce & Online Businesses

Land & Agriculture

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

10,323 related employer businesses in Denver.

  • General Contracting: 2,317 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Interior Finishing: 1,825 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Civil Engineering: 1,255 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Plumbing: 1,183 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 1,183 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Electrical: 1,016 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Landscaping: 1,005 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Roofing & Siding: 602 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Foundation & Site Prep: 599 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Carpentry & Framing: 201 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Masonry: 185 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Remediation & Restoration: 135 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Financial & Professional Services

9,095 related employer businesses in Denver.

Restaurants & Food

6,909 related employer businesses in Denver.

Medical Practices

6,449 related employer businesses in Denver.

Retail Stores

3,279 related employer businesses in Denver.

Automotive & Boat

2,389 related employer businesses in Denver.

  • Auto Repair: 949 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Auto Parts: 437 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Collision Repair: 378 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Dealerships: 347 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Car Washes: 180 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Towing & Repo: 82 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

  • Boat Dealerships: 11 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.

  • Marinas: 5 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.

Beauty & Personal Care

2,233 related employer businesses in Denver.

  • Hair Salons: 1,181 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Nail Salons: 491 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Day Spas: 459 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 459 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 459 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Barber Shops: 102 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.

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

Technology & Media

2,192 related employer businesses in Denver.

Logistics & Transportation

1,973 related employer businesses in Denver.

Home Services

1,950 related employer businesses in Denver.

Manufacturing

1,858 related employer businesses in Denver.

Wholesale & Distribution

1,786 related employer businesses in Denver.

Gas Stations & Convenience

828 related employer businesses in Denver.

Entertainment & Recreation

812 related employer businesses in Denver.

  • Bars & Pubs: 449 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 449 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Outdoor Recreation: 278 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Golf Courses: 35 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.

  • Arcades & FECs: 30 employer businesses here. Typical sale multiple: 2.1x - 3.6x SDE.

  • Bowling Alleys: 20 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.

Health & Fitness

796 related employer businesses in Denver.

Pharmacies & Medical Supply

739 related employer businesses in Denver.

Education & Childcare

700 related employer businesses in Denver.

  • Daycare Centers: 577 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

  • Tutoring Centers: 123 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

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

Hospitality & Travel

694 related employer businesses in Denver.

  • Hotels: 422 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 422 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 148 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

  • Travel Agencies: 101 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.

  • Bed & Breakfasts / Inns: 14 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Campgrounds & RV Parks: 9 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Senior Care & Living

643 related employer businesses in Denver.

Energy & Utilities

513 related employer businesses in Denver.

Pet Services

494 related employer businesses in Denver.

E-commerce & Online Businesses

Land & Agriculture

Counties in this metro area

Working with owners in Denver

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

FREQUENTLY ASKED QUESTIONS

Questions owners in Denver ask

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

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 Denver?

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 Denver

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