Selling a Business in Farmington

Owners in the Farmington area sell to local buyers and to buyers from other markets. The area has 2,475 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

Farmington by the numbers

2,475

2,475

EMPLOYER BUSINESSES

84%

84%

SMALL EMPLOYER SHARE

5,953

5,953

BUSINESSES WITH NO EMPLOYEES

35,168

35,168

EMPLOYMENT

$1.9 billion

$1.9 billion

ANNUAL PAYROLL

1,220

1,220

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 Farmington compares

  • The Farmington area ranks 4th of 4 New Mexico metro areas for employer businesses.

  • The number of employer businesses fell 3.6% between 2018 and 2023.

  • Wholesale makes up 5% of employer businesses in Farmington, compared with 4% in New Mexico.

  • 1,220 employer businesses here have 5 to 49 employees.

  • The Farmington area ranks 4th of 4 New Mexico metro areas for employer businesses.

  • The number of employer businesses fell 3.6% between 2018 and 2023.

  • Wholesale makes up 5% of employer businesses in Farmington, compared with 4% in New Mexico.

  • 1,220 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

  • Retail: 416 employer businesses

  • Health care and social assistance: 302 employer businesses

  • Repair, personal care and other services: 253 employer businesses

  • Construction: 232 employer businesses

  • Accommodation and food service: 228 employer businesses

The largest industries by number of employer businesses:

  • Retail: 416 employer businesses

  • Health care and social assistance: 302 employer businesses

  • Repair, personal care and other services: 253 employer businesses

  • Construction: 232 employer businesses

  • Accommodation and food service: 228 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 Farmington

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

232 related employer businesses in Farmington.

  • General Contracting: 58 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Electrical: 42 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Interior Finishing: 25 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Plumbing: 25 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 25 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Civil Engineering: 23 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Foundation & Site Prep: 20 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Landscaping: 18 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Roofing & Siding: 10 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Remediation & Restoration: 7 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

  • Masonry: 4 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

Restaurants & Food

197 related employer businesses in Farmington.

Medical Practices

168 related employer businesses in Farmington.

Financial & Professional Services

138 related employer businesses in Farmington.

Retail Stores

136 related employer businesses in Farmington.

Automotive & Boat

134 related employer businesses in Farmington.

  • Auto Repair: 45 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Auto Parts: 33 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Car Dealerships: 32 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Car Washes: 11 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Collision Repair: 8 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Towing & Repo: 5 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

Energy & Utilities

114 related employer businesses in Farmington.

Logistics & Transportation

97 related employer businesses in Farmington.

Wholesale & Distribution

82 related employer businesses in Farmington.

Gas Stations & Convenience

67 related employer businesses in Farmington.

Home Services

43 related employer businesses in Farmington.

Manufacturing

35 related employer businesses in Farmington.

Hospitality & Travel

26 related employer businesses in Farmington.

  • Hotels: 23 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 23 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 3 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

Pharmacies & Medical Supply

25 related employer businesses in Farmington.

Education & Childcare

18 related employer businesses in Farmington.

  • Daycare Centers: 18 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

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

Health & Fitness

14 related employer businesses in Farmington.

Pet Services

14 related employer businesses in Farmington.

Senior Care & Living

13 related employer businesses in Farmington.

Entertainment & Recreation

12 related employer businesses in Farmington.

  • Outdoor Recreation: 9 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Bars & Pubs: 3 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 3 employer businesses here. Typical sale multiple: 3.0x - 6.0x 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.

Technology & Media

12 related employer businesses in Farmington.

Beauty & Personal Care

10 related employer businesses in Farmington.

  • Hair Salons: 10 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

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

E-commerce & Online Businesses

Land & Agriculture

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

232 related employer businesses in Farmington.

  • General Contracting: 58 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Electrical: 42 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Interior Finishing: 25 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Plumbing: 25 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 25 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Civil Engineering: 23 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Foundation & Site Prep: 20 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Landscaping: 18 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Roofing & Siding: 10 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Remediation & Restoration: 7 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

  • Masonry: 4 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

Restaurants & Food

197 related employer businesses in Farmington.

Medical Practices

168 related employer businesses in Farmington.

Financial & Professional Services

138 related employer businesses in Farmington.

Retail Stores

136 related employer businesses in Farmington.

Automotive & Boat

134 related employer businesses in Farmington.

  • Auto Repair: 45 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Auto Parts: 33 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Car Dealerships: 32 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Car Washes: 11 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Collision Repair: 8 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Towing & Repo: 5 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

Energy & Utilities

114 related employer businesses in Farmington.

Logistics & Transportation

97 related employer businesses in Farmington.

Wholesale & Distribution

82 related employer businesses in Farmington.

Gas Stations & Convenience

67 related employer businesses in Farmington.

Home Services

43 related employer businesses in Farmington.

Manufacturing

35 related employer businesses in Farmington.

Hospitality & Travel

26 related employer businesses in Farmington.

  • Hotels: 23 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 23 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 3 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

Pharmacies & Medical Supply

25 related employer businesses in Farmington.

Education & Childcare

18 related employer businesses in Farmington.

  • Daycare Centers: 18 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

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

Health & Fitness

14 related employer businesses in Farmington.

Pet Services

14 related employer businesses in Farmington.

Senior Care & Living

13 related employer businesses in Farmington.

Entertainment & Recreation

12 related employer businesses in Farmington.

  • Outdoor Recreation: 9 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Bars & Pubs: 3 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 3 employer businesses here. Typical sale multiple: 3.0x - 6.0x 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.

Technology & Media

12 related employer businesses in Farmington.

Beauty & Personal Care

10 related employer businesses in Farmington.

  • Hair Salons: 10 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

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

E-commerce & Online Businesses

Land & Agriculture

Counties in this metro area

Working with owners in Farmington

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

FREQUENTLY ASKED QUESTIONS

Questions owners in Farmington ask

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

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 Farmington?

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 Farmington

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