Selling a Business in Hartford

Owners in the Hartford area sell to local buyers and to buyers from other markets. The area has 28,131 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

Hartford by the numbers

28,131

28,131

EMPLOYER BUSINESSES

83%

83%

SMALL EMPLOYER SHARE

93,569

93,569

BUSINESSES WITH NO EMPLOYEES

539,213

539,213

EMPLOYMENT

$38.5 billion

$38.5 billion

ANNUAL PAYROLL

12,301

12,301

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 Hartford compares

  • The Hartford area ranks 1st of 5 Connecticut metro areas for employer businesses.

  • Manufacturing makes up 5% of employer businesses in Hartford, compared with 4% in Connecticut.

  • 12,301 employer businesses here have 5 to 49 employees.

  • The Hartford area ranks 1st of 5 Connecticut metro areas for employer businesses.

  • Manufacturing makes up 5% of employer businesses in Hartford, compared with 4% in Connecticut.

  • 12,301 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

  • Health care and social assistance: 3,938 employer businesses

  • Retail: 3,787 employer businesses

  • Repair, personal care and other services: 3,043 employer businesses

  • Accommodation and food service: 2,834 employer businesses

  • Professional and technical services: 2,724 employer businesses

The largest industries by number of employer businesses:

  • Health care and social assistance: 3,938 employer businesses

  • Retail: 3,787 employer businesses

  • Repair, personal care and other services: 3,043 employer businesses

  • Accommodation and food service: 2,834 employer businesses

  • Professional and technical services: 2,724 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 Hartford

Health care and social assistance, retail, repair, personal care and other services, accommodation and food service

Every kind of business we sell in Hartford

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

Restaurants & Food

2,978 related employer businesses in Hartford.

Construction & Engineering

2,974 related employer businesses in Hartford.

  • Landscaping: 622 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • General Contracting: 604 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Plumbing: 380 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 380 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Electrical: 356 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Interior Finishing: 352 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Foundation & Site Prep: 221 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Civil Engineering: 208 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Masonry: 92 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Roofing & Siding: 82 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Remediation & Restoration: 41 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

  • Carpentry & Framing: 16 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

Medical Practices

2,309 related employer businesses in Hartford.

Financial & Professional Services

1,462 related employer businesses in Hartford.

Retail Stores

1,447 related employer businesses in Hartford.

Manufacturing

1,010 related employer businesses in Hartford.

Automotive & Boat

988 related employer businesses in Hartford.

  • Auto Repair: 369 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Car Dealerships: 199 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Auto Parts: 186 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Collision Repair: 100 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Washes: 67 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Marinas: 32 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.

  • Boat Dealerships: 19 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.

  • Towing & Repo: 16 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

Beauty & Personal Care

753 related employer businesses in Hartford.

  • Hair Salons: 344 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Nail Salons: 234 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Day Spas: 150 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 150 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 150 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Barber Shops: 25 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.

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

Wholesale & Distribution

643 related employer businesses in Hartford.

Logistics & Transportation

586 related employer businesses in Hartford.

Home Services

504 related employer businesses in Hartford.

Gas Stations & Convenience

464 related employer businesses in Hartford.

Senior Care & Living

344 related employer businesses in Hartford.

Technology & Media

323 related employer businesses in Hartford.

Education & Childcare

307 related employer businesses in Hartford.

  • Daycare Centers: 280 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

  • Tutoring Centers: 27 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

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

Pharmacies & Medical Supply

295 related employer businesses in Hartford.

Health & Fitness

276 related employer businesses in Hartford.

Hospitality & Travel

255 related employer businesses in Hartford.

  • Hotels: 121 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 121 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 96 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

  • Travel Agencies: 27 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.

  • Campgrounds & RV Parks: 6 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.

Entertainment & Recreation

235 related employer businesses in Hartford.

  • Outdoor Recreation: 85 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Bars & Pubs: 81 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 81 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Golf Courses: 48 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.

  • Arcades & FECs: 11 employer businesses here. Typical sale multiple: 2.1x - 3.6x SDE.

  • Bowling Alleys: 10 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.

Energy & Utilities

220 related employer businesses in Hartford.

Pet Services

173 related employer businesses in Hartford.

E-commerce & Online Businesses

Land & Agriculture

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

Restaurants & Food

2,978 related employer businesses in Hartford.

Construction & Engineering

2,974 related employer businesses in Hartford.

  • Landscaping: 622 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • General Contracting: 604 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Plumbing: 380 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 380 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Electrical: 356 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Interior Finishing: 352 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Foundation & Site Prep: 221 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Civil Engineering: 208 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Masonry: 92 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Roofing & Siding: 82 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Remediation & Restoration: 41 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

  • Carpentry & Framing: 16 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

Medical Practices

2,309 related employer businesses in Hartford.

Financial & Professional Services

1,462 related employer businesses in Hartford.

Retail Stores

1,447 related employer businesses in Hartford.

Manufacturing

1,010 related employer businesses in Hartford.

Automotive & Boat

988 related employer businesses in Hartford.

  • Auto Repair: 369 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Car Dealerships: 199 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Auto Parts: 186 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Collision Repair: 100 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Washes: 67 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Marinas: 32 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.

  • Boat Dealerships: 19 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.

  • Towing & Repo: 16 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

Beauty & Personal Care

753 related employer businesses in Hartford.

  • Hair Salons: 344 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Nail Salons: 234 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Day Spas: 150 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 150 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 150 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Barber Shops: 25 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.

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

Wholesale & Distribution

643 related employer businesses in Hartford.

Logistics & Transportation

586 related employer businesses in Hartford.

Home Services

504 related employer businesses in Hartford.

Gas Stations & Convenience

464 related employer businesses in Hartford.

Senior Care & Living

344 related employer businesses in Hartford.

Technology & Media

323 related employer businesses in Hartford.

Education & Childcare

307 related employer businesses in Hartford.

  • Daycare Centers: 280 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

  • Tutoring Centers: 27 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

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

Pharmacies & Medical Supply

295 related employer businesses in Hartford.

Health & Fitness

276 related employer businesses in Hartford.

Hospitality & Travel

255 related employer businesses in Hartford.

  • Hotels: 121 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 121 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 96 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

  • Travel Agencies: 27 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.

  • Campgrounds & RV Parks: 6 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.

Entertainment & Recreation

235 related employer businesses in Hartford.

  • Outdoor Recreation: 85 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Bars & Pubs: 81 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 81 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Golf Courses: 48 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.

  • Arcades & FECs: 11 employer businesses here. Typical sale multiple: 2.1x - 3.6x SDE.

  • Bowling Alleys: 10 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.

Energy & Utilities

220 related employer businesses in Hartford.

Pet Services

173 related employer businesses in Hartford.

E-commerce & Online Businesses

Land & Agriculture

Counties in this metro area

Working with owners in Hartford

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

FREQUENTLY ASKED QUESTIONS

Questions owners in Hartford ask

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

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 Hartford?

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 Hartford

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