Selling a Business in Green Bay

Owners in the Green Bay area sell to local buyers and to buyers from other markets. The area has 7,968 employer businesses, and 81% of them have fewer than 20 employees. This page shows what is here and how a sale is handled.

LOCAL SNAPSHOT

Green Bay by the numbers

7,968

7,968

EMPLOYER BUSINESSES

81%

81%

SMALL EMPLOYER SHARE

20,998

20,998

BUSINESSES WITH NO EMPLOYEES

155,112

155,112

EMPLOYMENT

$9.4 billion

$9.4 billion

ANNUAL PAYROLL

3,590

3,590

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 Green Bay compares

  • The Green Bay area ranks 3rd of 13 Wisconsin metro areas for employer businesses.

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

  • Wholesale makes up 5% of employer businesses in Green Bay, compared with 4% in Wisconsin.

  • 3,590 employer businesses here have 5 to 49 employees.

  • The Green Bay area ranks 3rd of 13 Wisconsin metro areas for employer businesses.

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

  • Wholesale makes up 5% of employer businesses in Green Bay, compared with 4% in Wisconsin.

  • 3,590 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

  • Retail: 982 employer businesses

  • Health care and social assistance: 912 employer businesses

  • Construction: 873 employer businesses

  • Accommodation and food service: 771 employer businesses

  • Repair, personal care and other services: 735 employer businesses

The largest industries by number of employer businesses:

  • Retail: 982 employer businesses

  • Health care and social assistance: 912 employer businesses

  • Construction: 873 employer businesses

  • Accommodation and food service: 771 employer businesses

  • Repair, personal care and other services: 735 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 Green Bay

We sell businesses in every one of these industries in Green Bay. 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

955 related employer businesses in Green Bay.

  • General Contracting: 234 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Interior Finishing: 168 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Landscaping: 124 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Plumbing: 111 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 111 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Foundation & Site Prep: 95 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Electrical: 69 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Civil Engineering: 53 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Roofing & Siding: 43 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Carpentry & Framing: 27 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Masonry: 27 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Remediation & Restoration: 4 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Restaurants & Food

612 related employer businesses in Green Bay.

Financial & Professional Services

481 related employer businesses in Green Bay.

Medical Practices

416 related employer businesses in Green Bay.

Manufacturing

404 related employer businesses in Green Bay.

Retail Stores

372 related employer businesses in Green Bay.

Logistics & Transportation

348 related employer businesses in Green Bay.

Automotive & Boat

300 related employer businesses in Green Bay.

  • Auto Repair: 109 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Car Dealerships: 66 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Auto Parts: 53 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Collision Repair: 38 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Washes: 19 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Towing & Repo: 6 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

  • Boat Dealerships: 6 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.

  • Marinas: 3 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.

Wholesale & Distribution

233 related employer businesses in Green Bay.

Entertainment & Recreation

207 related employer businesses in Green Bay.

  • Bars & Pubs: 135 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 135 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Outdoor Recreation: 36 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Golf Courses: 19 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.

  • Bowling Alleys: 12 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.

  • Arcades & FECs: 5 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.

Beauty & Personal Care

155 related employer businesses in Green Bay.

  • Hair Salons: 87 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Day Spas: 36 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 36 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 36 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Nail Salons: 23 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Barber Shops: 9 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.

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

Gas Stations & Convenience

141 related employer businesses in Green Bay.

Home Services

131 related employer businesses in Green Bay.

Hospitality & Travel

88 related employer businesses in Green Bay.

  • Hotels: 51 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 51 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 26 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

  • Travel Agencies: 6 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.

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

Technology & Media

87 related employer businesses in Green Bay.

Pharmacies & Medical Supply

84 related employer businesses in Green Bay.

Senior Care & Living

83 related employer businesses in Green Bay.

Education & Childcare

72 related employer businesses in Green Bay.

  • Daycare Centers: 64 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

  • Tutoring Centers: 8 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

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

Health & Fitness

70 related employer businesses in Green Bay.

Energy & Utilities

50 related employer businesses in Green Bay.

Pet Services

34 related employer businesses in Green Bay.

E-commerce & Online Businesses

Land & Agriculture

We sell businesses in every one of these industries in Green Bay. 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

955 related employer businesses in Green Bay.

  • General Contracting: 234 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Interior Finishing: 168 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Landscaping: 124 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Plumbing: 111 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 111 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Foundation & Site Prep: 95 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Electrical: 69 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Civil Engineering: 53 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Roofing & Siding: 43 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Carpentry & Framing: 27 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Masonry: 27 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Remediation & Restoration: 4 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Restaurants & Food

612 related employer businesses in Green Bay.

Financial & Professional Services

481 related employer businesses in Green Bay.

Medical Practices

416 related employer businesses in Green Bay.

Manufacturing

404 related employer businesses in Green Bay.

Retail Stores

372 related employer businesses in Green Bay.

Logistics & Transportation

348 related employer businesses in Green Bay.

Automotive & Boat

300 related employer businesses in Green Bay.

  • Auto Repair: 109 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Car Dealerships: 66 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Auto Parts: 53 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Collision Repair: 38 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Washes: 19 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Towing & Repo: 6 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

  • Boat Dealerships: 6 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.

  • Marinas: 3 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.

Wholesale & Distribution

233 related employer businesses in Green Bay.

Entertainment & Recreation

207 related employer businesses in Green Bay.

  • Bars & Pubs: 135 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 135 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Outdoor Recreation: 36 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Golf Courses: 19 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.

  • Bowling Alleys: 12 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.

  • Arcades & FECs: 5 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.

Beauty & Personal Care

155 related employer businesses in Green Bay.

  • Hair Salons: 87 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Day Spas: 36 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 36 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 36 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Nail Salons: 23 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Barber Shops: 9 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.

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

Gas Stations & Convenience

141 related employer businesses in Green Bay.

Home Services

131 related employer businesses in Green Bay.

Hospitality & Travel

88 related employer businesses in Green Bay.

  • Hotels: 51 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 51 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 26 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

  • Travel Agencies: 6 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.

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

Technology & Media

87 related employer businesses in Green Bay.

Pharmacies & Medical Supply

84 related employer businesses in Green Bay.

Senior Care & Living

83 related employer businesses in Green Bay.

Education & Childcare

72 related employer businesses in Green Bay.

  • Daycare Centers: 64 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

  • Tutoring Centers: 8 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

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

Health & Fitness

70 related employer businesses in Green Bay.

Energy & Utilities

50 related employer businesses in Green Bay.

Pet Services

34 related employer businesses in Green Bay.

E-commerce & Online Businesses

Land & Agriculture

Counties in this metro area

Working with owners in Green Bay

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

FREQUENTLY ASKED QUESTIONS

Questions owners in Green Bay ask

How long does it take to sell a business in Green Bay?

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 Green Bay?

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 Green Bay

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