Selling a Business in Ithaca

Owners in the Ithaca area sell to local buyers and to buyers from other markets. The area has 2,230 employer businesses, and 87% of them have fewer than 20 employees. This page shows what is here and how a sale is handled.

LOCAL SNAPSHOT

Ithaca by the numbers

2,230

2,230

EMPLOYER BUSINESSES

87%

87%

SMALL EMPLOYER SHARE

8,145

8,145

BUSINESSES WITH NO EMPLOYEES

50,869

50,869

EMPLOYMENT

$2.6 billion

$2.6 billion

ANNUAL PAYROLL

987

987

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 Ithaca compares

  • The Ithaca area ranks 12th of 13 New York metro areas for employer businesses.

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

  • Accommodation and food service makes up 14% of employer businesses in Ithaca, compared with 10% in New York.

  • 987 employer businesses here have 5 to 49 employees.

  • The Ithaca area ranks 12th of 13 New York metro areas for employer businesses.

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

  • Accommodation and food service makes up 14% of employer businesses in Ithaca, compared with 10% in New York.

  • 987 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

  • Health care and social assistance: 307 employer businesses

  • Accommodation and food service: 304 employer businesses

  • Retail: 289 employer businesses

  • Professional and technical services: 260 employer businesses

  • Repair, personal care and other services: 222 employer businesses

The largest industries by number of employer businesses:

  • Health care and social assistance: 307 employer businesses

  • Accommodation and food service: 304 employer businesses

  • Retail: 289 employer businesses

  • Professional and technical services: 260 employer businesses

  • Repair, personal care and other services: 222 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 Ithaca

Health care and social assistance, accommodation and food service, retail, professional and technical services

Every kind of business we sell in Ithaca

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

230 related employer businesses in Ithaca.

Construction & Engineering

207 related employer businesses in Ithaca.

  • General Contracting: 60 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Landscaping: 40 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Interior Finishing: 27 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Plumbing: 22 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 22 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Civil Engineering: 21 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Foundation & Site Prep: 18 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Electrical: 14 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Masonry: 5 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

Medical Practices

161 related employer businesses in Ithaca.

Retail Stores

107 related employer businesses in Ithaca.

Financial & Professional Services

74 related employer businesses in Ithaca.

Manufacturing

63 related employer businesses in Ithaca.

Automotive & Boat

62 related employer businesses in Ithaca.

  • Auto Repair: 29 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Car Dealerships: 13 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Auto Parts: 7 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Towing & Repo: 4 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

  • Collision Repair: 3 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Washes: 3 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

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

Education & Childcare

49 related employer businesses in Ithaca.

  • Daycare Centers: 46 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.

Hospitality & Travel

42 related employer businesses in Ithaca.

  • Hotels: 27 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 27 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 7 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

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

  • Bed & Breakfasts / Inns: 3 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

Technology & Media

37 related employer businesses in Ithaca.

Gas Stations & Convenience

34 related employer businesses in Ithaca.

Home Services

34 related employer businesses in Ithaca.

Entertainment & Recreation

33 related employer businesses in Ithaca.

  • Bars & Pubs: 22 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 22 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Outdoor Recreation: 7 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Golf Courses: 4 employer businesses here. Typical sale multiple: 8.0x - 11.0x 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.

Beauty & Personal Care

26 related employer businesses in Ithaca.

  • Hair Salons: 13 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Nail Salons: 7 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Day Spas: 6 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 6 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 6 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

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

Health & Fitness

24 related employer businesses in Ithaca.

Pharmacies & Medical Supply

19 related employer businesses in Ithaca.

Senior Care & Living

15 related employer businesses in Ithaca.

Logistics & Transportation

10 related employer businesses in Ithaca.

Pet Services

10 related employer businesses in Ithaca.

Wholesale & Distribution

9 related employer businesses in Ithaca.

Energy & Utilities

7 related employer businesses in Ithaca.

E-commerce & Online Businesses

Land & Agriculture

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

230 related employer businesses in Ithaca.

Construction & Engineering

207 related employer businesses in Ithaca.

  • General Contracting: 60 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Landscaping: 40 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Interior Finishing: 27 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Plumbing: 22 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 22 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Civil Engineering: 21 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Foundation & Site Prep: 18 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Electrical: 14 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Masonry: 5 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

Medical Practices

161 related employer businesses in Ithaca.

Retail Stores

107 related employer businesses in Ithaca.

Financial & Professional Services

74 related employer businesses in Ithaca.

Manufacturing

63 related employer businesses in Ithaca.

Automotive & Boat

62 related employer businesses in Ithaca.

  • Auto Repair: 29 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Car Dealerships: 13 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Auto Parts: 7 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Towing & Repo: 4 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

  • Collision Repair: 3 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Washes: 3 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

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

Education & Childcare

49 related employer businesses in Ithaca.

  • Daycare Centers: 46 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.

Hospitality & Travel

42 related employer businesses in Ithaca.

  • Hotels: 27 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 27 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 7 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

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

  • Bed & Breakfasts / Inns: 3 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

Technology & Media

37 related employer businesses in Ithaca.

Gas Stations & Convenience

34 related employer businesses in Ithaca.

Home Services

34 related employer businesses in Ithaca.

Entertainment & Recreation

33 related employer businesses in Ithaca.

  • Bars & Pubs: 22 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 22 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Outdoor Recreation: 7 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Golf Courses: 4 employer businesses here. Typical sale multiple: 8.0x - 11.0x 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.

Beauty & Personal Care

26 related employer businesses in Ithaca.

  • Hair Salons: 13 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Nail Salons: 7 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Day Spas: 6 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 6 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 6 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

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

Health & Fitness

24 related employer businesses in Ithaca.

Pharmacies & Medical Supply

19 related employer businesses in Ithaca.

Senior Care & Living

15 related employer businesses in Ithaca.

Logistics & Transportation

10 related employer businesses in Ithaca.

Pet Services

10 related employer businesses in Ithaca.

Wholesale & Distribution

9 related employer businesses in Ithaca.

Energy & Utilities

7 related employer businesses in Ithaca.

E-commerce & Online Businesses

Land & Agriculture

Counties in this metro area

Working with owners in Ithaca

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

FREQUENTLY ASKED QUESTIONS

Questions owners in Ithaca ask

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

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 Ithaca?

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 Ithaca

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