Selling a Business in Kankakee

Owners in the Kankakee area sell to local buyers and to buyers from other markets. The area has 2,268 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

Kankakee by the numbers

2,268

2,268

EMPLOYER BUSINESSES

85%

85%

SMALL EMPLOYER SHARE

6,794

6,794

BUSINESSES WITH NO EMPLOYEES

35,392

35,392

EMPLOYMENT

$1.9 billion

$1.9 billion

ANNUAL PAYROLL

1,002

1,002

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 Kankakee compares

  • The Kankakee area ranks 7th of 8 Illinois metro areas for employer businesses.

  • The number of employer businesses fell 1.6% between 2018 and 2023.

  • Retail makes up 15% of employer businesses in Kankakee, compared with 11% in Illinois.

  • 1,002 employer businesses here have 5 to 49 employees.

  • The Kankakee area ranks 7th of 8 Illinois metro areas for employer businesses.

  • The number of employer businesses fell 1.6% between 2018 and 2023.

  • Retail makes up 15% of employer businesses in Kankakee, compared with 11% in Illinois.

  • 1,002 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

  • Retail: 348 employer businesses

  • Health care and social assistance: 332 employer businesses

  • Accommodation and food service: 252 employer businesses

  • Repair, personal care and other services: 240 employer businesses

  • Construction: 199 employer businesses

The largest industries by number of employer businesses:

  • Retail: 348 employer businesses

  • Health care and social assistance: 332 employer businesses

  • Accommodation and food service: 252 employer businesses

  • Repair, personal care and other services: 240 employer businesses

  • Construction: 199 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 Kankakee

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

Every kind of business we sell in Kankakee

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

209 related employer businesses in Kankakee.

Construction & Engineering

202 related employer businesses in Kankakee.

  • General Contracting: 48 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Landscaping: 39 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Plumbing: 27 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 27 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Interior Finishing: 26 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Foundation & Site Prep: 22 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Electrical: 19 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Roofing & Siding: 12 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Civil Engineering: 5 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

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

Medical Practices

180 related employer businesses in Kankakee.

Retail Stores

117 related employer businesses in Kankakee.

Financial & Professional Services

114 related employer businesses in Kankakee.

Automotive & Boat

109 related employer businesses in Kankakee.

  • Auto Repair: 38 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

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

  • Car Dealerships: 20 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Auto Parts: 18 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Car Washes: 7 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

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

Logistics & Transportation

108 related employer businesses in Kankakee.

Manufacturing

85 related employer businesses in Kankakee.

Entertainment & Recreation

53 related employer businesses in Kankakee.

  • Bars & Pubs: 38 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 38 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Outdoor Recreation: 10 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Golf Courses: 5 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.

Gas Stations & Convenience

52 related employer businesses in Kankakee.

Wholesale & Distribution

41 related employer businesses in Kankakee.

Beauty & Personal Care

26 related employer businesses in Kankakee.

  • Hair Salons: 15 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Nail Salons: 6 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Day Spas: 5 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 5 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 5 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 Kankakee.

Hospitality & Travel

22 related employer businesses in Kankakee.

  • Hotels: 14 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 14 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 8 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

Home Services

21 related employer businesses in Kankakee.

Pharmacies & Medical Supply

21 related employer businesses in Kankakee.

Technology & Media

21 related employer businesses in Kankakee.

Senior Care & Living

17 related employer businesses in Kankakee.

Education & Childcare

16 related employer businesses in Kankakee.

  • Daycare Centers: 16 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

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

Energy & Utilities

16 related employer businesses in Kankakee.

Pet Services

9 related employer businesses in Kankakee.

E-commerce & Online Businesses

Land & Agriculture

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

209 related employer businesses in Kankakee.

Construction & Engineering

202 related employer businesses in Kankakee.

  • General Contracting: 48 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Landscaping: 39 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Plumbing: 27 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 27 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Interior Finishing: 26 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Foundation & Site Prep: 22 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Electrical: 19 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Roofing & Siding: 12 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Civil Engineering: 5 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

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

Medical Practices

180 related employer businesses in Kankakee.

Retail Stores

117 related employer businesses in Kankakee.

Financial & Professional Services

114 related employer businesses in Kankakee.

Automotive & Boat

109 related employer businesses in Kankakee.

  • Auto Repair: 38 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

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

  • Car Dealerships: 20 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Auto Parts: 18 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Car Washes: 7 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

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

Logistics & Transportation

108 related employer businesses in Kankakee.

Manufacturing

85 related employer businesses in Kankakee.

Entertainment & Recreation

53 related employer businesses in Kankakee.

  • Bars & Pubs: 38 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 38 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Outdoor Recreation: 10 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Golf Courses: 5 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.

Gas Stations & Convenience

52 related employer businesses in Kankakee.

Wholesale & Distribution

41 related employer businesses in Kankakee.

Beauty & Personal Care

26 related employer businesses in Kankakee.

  • Hair Salons: 15 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Nail Salons: 6 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Day Spas: 5 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 5 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 5 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 Kankakee.

Hospitality & Travel

22 related employer businesses in Kankakee.

  • Hotels: 14 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 14 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 8 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

Home Services

21 related employer businesses in Kankakee.

Pharmacies & Medical Supply

21 related employer businesses in Kankakee.

Technology & Media

21 related employer businesses in Kankakee.

Senior Care & Living

17 related employer businesses in Kankakee.

Education & Childcare

16 related employer businesses in Kankakee.

  • Daycare Centers: 16 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

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

Energy & Utilities

16 related employer businesses in Kankakee.

Pet Services

9 related employer businesses in Kankakee.

E-commerce & Online Businesses

Land & Agriculture

Counties in this metro area

Working with owners in Kankakee

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

FREQUENTLY ASKED QUESTIONS

Questions owners in Kankakee ask

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

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 Kankakee?

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 Kankakee

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