Selling a Business in Fort Smith

Owners in the Fort Smith area sell to local buyers and to buyers from other markets. The area has 5,123 employer businesses, and 85% of them have fewer than 20 employees. This page shows what is here and how a sale is handled.

LOCAL SNAPSHOT

Fort Smith by the numbers

5,123

5,123

EMPLOYER BUSINESSES

85%

85%

SMALL EMPLOYER SHARE

18,188

18,188

BUSINESSES WITH NO EMPLOYEES

82,941

82,941

EMPLOYMENT

$4.1 billion

$4.1 billion

ANNUAL PAYROLL

2,254

2,254

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 Fort Smith compares

  • The Fort Smith area ranks 3rd of 5 Arkansas metro areas for employer businesses.

  • The number of employer businesses grew 1.1% between 2018 and 2023.

  • Manufacturing makes up 4% of employer businesses in Fort Smith, compared with 4% in Arkansas.

  • 2,254 employer businesses here have 5 to 49 employees.

  • The Fort Smith area ranks 3rd of 5 Arkansas metro areas for employer businesses.

  • The number of employer businesses grew 1.1% between 2018 and 2023.

  • Manufacturing makes up 4% of employer businesses in Fort Smith, compared with 4% in Arkansas.

  • 2,254 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

  • Retail: 821 employer businesses

  • Health care and social assistance: 706 employer businesses

  • Accommodation and food service: 499 employer businesses

  • Repair, personal care and other services: 470 employer businesses

  • Construction: 446 employer businesses

The largest industries by number of employer businesses:

  • Retail: 821 employer businesses

  • Health care and social assistance: 706 employer businesses

  • Accommodation and food service: 499 employer businesses

  • Repair, personal care and other services: 470 employer businesses

  • Construction: 446 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 Fort Smith

Retail, health care and social assistance, accommodation and food service, repair, personal care and other services

Every kind of business we sell in Fort Smith

We sell businesses in every one of these industries in Fort Smith. 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.

Medical Practices

473 related employer businesses in Fort Smith.

Construction & Engineering

455 related employer businesses in Fort Smith.

  • General Contracting: 118 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Plumbing: 81 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 81 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Electrical: 56 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Landscaping: 47 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Interior Finishing: 44 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Foundation & Site Prep: 36 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Civil Engineering: 30 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Roofing & Siding: 27 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Masonry: 9 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Carpentry & Framing: 7 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

Restaurants & Food

451 related employer businesses in Fort Smith.

Financial & Professional Services

342 related employer businesses in Fort Smith.

Retail Stores

302 related employer businesses in Fort Smith.

Automotive & Boat

208 related employer businesses in Fort Smith.

  • Auto Repair: 60 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Car Dealerships: 52 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Auto Parts: 49 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Collision Repair: 21 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Washes: 13 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Towing & Repo: 8 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

  • Boat Dealerships: 5 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.

Manufacturing

176 related employer businesses in Fort Smith.

Logistics & Transportation

168 related employer businesses in Fort Smith.

Wholesale & Distribution

157 related employer businesses in Fort Smith.

Gas Stations & Convenience

125 related employer businesses in Fort Smith.

Home Services

94 related employer businesses in Fort Smith.

Pharmacies & Medical Supply

88 related employer businesses in Fort Smith.

Beauty & Personal Care

65 related employer businesses in Fort Smith.

  • Hair Salons: 33 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Day Spas: 16 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 16 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 16 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Nail Salons: 10 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Barber Shops: 6 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.

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

Hospitality & Travel

59 related employer businesses in Fort Smith.

  • Hotels: 50 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 50 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Campgrounds & RV Parks: 5 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

  • Transportation Services: 4 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

Education & Childcare

56 related employer businesses in Fort Smith.

  • Daycare Centers: 53 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

  • Tutoring Centers: 3 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

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

Energy & Utilities

54 related employer businesses in Fort Smith.

Technology & Media

38 related employer businesses in Fort Smith.

Health & Fitness

37 related employer businesses in Fort Smith.

Entertainment & Recreation

34 related employer businesses in Fort Smith.

  • Bars & Pubs: 17 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 17 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Golf Courses: 9 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.

  • Outdoor Recreation: 5 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Bowling Alleys: 3 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

25 related employer businesses in Fort Smith.

Pet Services

14 related employer businesses in Fort Smith.

E-commerce & Online Businesses

Land & Agriculture

We sell businesses in every one of these industries in Fort Smith. 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.

Medical Practices

473 related employer businesses in Fort Smith.

Construction & Engineering

455 related employer businesses in Fort Smith.

  • General Contracting: 118 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Plumbing: 81 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 81 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Electrical: 56 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Landscaping: 47 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Interior Finishing: 44 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Foundation & Site Prep: 36 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Civil Engineering: 30 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Roofing & Siding: 27 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Masonry: 9 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Carpentry & Framing: 7 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

Restaurants & Food

451 related employer businesses in Fort Smith.

Financial & Professional Services

342 related employer businesses in Fort Smith.

Retail Stores

302 related employer businesses in Fort Smith.

Automotive & Boat

208 related employer businesses in Fort Smith.

  • Auto Repair: 60 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Car Dealerships: 52 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Auto Parts: 49 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Collision Repair: 21 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Washes: 13 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Towing & Repo: 8 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

  • Boat Dealerships: 5 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.

Manufacturing

176 related employer businesses in Fort Smith.

Logistics & Transportation

168 related employer businesses in Fort Smith.

Wholesale & Distribution

157 related employer businesses in Fort Smith.

Gas Stations & Convenience

125 related employer businesses in Fort Smith.

Home Services

94 related employer businesses in Fort Smith.

Pharmacies & Medical Supply

88 related employer businesses in Fort Smith.

Beauty & Personal Care

65 related employer businesses in Fort Smith.

  • Hair Salons: 33 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Day Spas: 16 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 16 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 16 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Nail Salons: 10 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Barber Shops: 6 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.

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

Hospitality & Travel

59 related employer businesses in Fort Smith.

  • Hotels: 50 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 50 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Campgrounds & RV Parks: 5 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

  • Transportation Services: 4 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

Education & Childcare

56 related employer businesses in Fort Smith.

  • Daycare Centers: 53 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

  • Tutoring Centers: 3 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

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

Energy & Utilities

54 related employer businesses in Fort Smith.

Technology & Media

38 related employer businesses in Fort Smith.

Health & Fitness

37 related employer businesses in Fort Smith.

Entertainment & Recreation

34 related employer businesses in Fort Smith.

  • Bars & Pubs: 17 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 17 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Golf Courses: 9 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.

  • Outdoor Recreation: 5 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Bowling Alleys: 3 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

25 related employer businesses in Fort Smith.

Pet Services

14 related employer businesses in Fort Smith.

E-commerce & Online Businesses

Land & Agriculture

Counties in this metro area

Working with owners in Fort Smith

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

FREQUENTLY ASKED QUESTIONS

Questions owners in Fort Smith ask

How long does it take to sell a business in Fort Smith?

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 Fort Smith?

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 Fort Smith

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