Selling a Business in Knoxville

Owners in the Knoxville area sell to local buyers and to buyers from other markets. The area has 19,652 employer businesses, and 82% of them have fewer than 20 employees. This page shows what is here and how a sale is handled.

LOCAL SNAPSHOT

Knoxville by the numbers

19,652

19,652

EMPLOYER BUSINESSES

82%

82%

SMALL EMPLOYER SHARE

79,224

79,224

BUSINESSES WITH NO EMPLOYEES

385,052

385,052

EMPLOYMENT

$22.7 billion

$22.7 billion

ANNUAL PAYROLL

9,153

9,153

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 Knoxville compares

  • The Knoxville area ranks 3rd of 10 Tennessee metro areas for employer businesses.

  • The number of employer businesses grew 7.3% between 2018 and 2023.

  • Professional and technical services makes up 10% of employer businesses in Knoxville, compared with 8% in Tennessee.

  • 9,153 employer businesses here have 5 to 49 employees.

  • The Knoxville area ranks 3rd of 10 Tennessee metro areas for employer businesses.

  • The number of employer businesses grew 7.3% between 2018 and 2023.

  • Professional and technical services makes up 10% of employer businesses in Knoxville, compared with 8% in Tennessee.

  • 9,153 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

  • Retail: 2,994 employer businesses

  • Health care and social assistance: 2,352 employer businesses

  • Repair, personal care and other services: 2,154 employer businesses

  • Professional and technical services: 1,870 employer businesses

  • Accommodation and food service: 1,869 employer businesses

The largest industries by number of employer businesses:

  • Retail: 2,994 employer businesses

  • Health care and social assistance: 2,352 employer businesses

  • Repair, personal care and other services: 2,154 employer businesses

  • Professional and technical services: 1,870 employer businesses

  • Accommodation and food service: 1,869 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 Knoxville

Retail, health care and social assistance, repair, personal care and other services, professional and technical services

Every kind of business we sell in Knoxville

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

2,115 related employer businesses in Knoxville.

  • General Contracting: 554 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Landscaping: 312 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Plumbing: 275 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 275 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Interior Finishing: 255 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Civil Engineering: 198 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Foundation & Site Prep: 198 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Electrical: 174 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Roofing & Siding: 74 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Masonry: 29 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Remediation & Restoration: 25 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

  • Carpentry & Framing: 21 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

Restaurants & Food

1,723 related employer businesses in Knoxville.

Medical Practices

1,499 related employer businesses in Knoxville.

Financial & Professional Services

1,116 related employer businesses in Knoxville.

Retail Stores

1,089 related employer businesses in Knoxville.

Automotive & Boat

780 related employer businesses in Knoxville.

  • Auto Repair: 253 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Auto Parts: 189 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Car Dealerships: 144 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Collision Repair: 69 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Washes: 53 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Towing & Repo: 30 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

  • Marinas: 25 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.

  • Boat Dealerships: 17 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.

Manufacturing

569 related employer businesses in Knoxville.

Gas Stations & Convenience

502 related employer businesses in Knoxville.

Wholesale & Distribution

464 related employer businesses in Knoxville.

Logistics & Transportation

455 related employer businesses in Knoxville.

Home Services

421 related employer businesses in Knoxville.

Beauty & Personal Care

300 related employer businesses in Knoxville.

  • Hair Salons: 150 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Day Spas: 74 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 74 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 74 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Nail Salons: 52 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Barber Shops: 24 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.

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

Pharmacies & Medical Supply

283 related employer businesses in Knoxville.

Hospitality & Travel

257 related employer businesses in Knoxville.

  • Hotels: 145 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 145 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 87 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

  • Campgrounds & RV Parks: 16 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

  • Travel Agencies: 9 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.

Technology & Media

214 related employer businesses in Knoxville.

Health & Fitness

184 related employer businesses in Knoxville.

Education & Childcare

157 related employer businesses in Knoxville.

  • Daycare Centers: 138 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

  • Tutoring Centers: 19 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

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

Senior Care & Living

150 related employer businesses in Knoxville.

Entertainment & Recreation

142 related employer businesses in Knoxville.

  • Bars & Pubs: 57 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 57 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Outdoor Recreation: 49 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Golf Courses: 23 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.

  • Arcades & FECs: 7 employer businesses here. Typical sale multiple: 2.1x - 3.6x SDE.

  • Bowling Alleys: 6 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.

Pet Services

125 related employer businesses in Knoxville.

Energy & Utilities

115 related employer businesses in Knoxville.

E-commerce & Online Businesses

Land & Agriculture

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

2,115 related employer businesses in Knoxville.

  • General Contracting: 554 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Landscaping: 312 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Plumbing: 275 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 275 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Interior Finishing: 255 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Civil Engineering: 198 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Foundation & Site Prep: 198 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Electrical: 174 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Roofing & Siding: 74 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Masonry: 29 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Remediation & Restoration: 25 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

  • Carpentry & Framing: 21 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

Restaurants & Food

1,723 related employer businesses in Knoxville.

Medical Practices

1,499 related employer businesses in Knoxville.

Financial & Professional Services

1,116 related employer businesses in Knoxville.

Retail Stores

1,089 related employer businesses in Knoxville.

Automotive & Boat

780 related employer businesses in Knoxville.

  • Auto Repair: 253 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Auto Parts: 189 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Car Dealerships: 144 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Collision Repair: 69 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Washes: 53 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Towing & Repo: 30 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

  • Marinas: 25 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.

  • Boat Dealerships: 17 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.

Manufacturing

569 related employer businesses in Knoxville.

Gas Stations & Convenience

502 related employer businesses in Knoxville.

Wholesale & Distribution

464 related employer businesses in Knoxville.

Logistics & Transportation

455 related employer businesses in Knoxville.

Home Services

421 related employer businesses in Knoxville.

Beauty & Personal Care

300 related employer businesses in Knoxville.

  • Hair Salons: 150 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Day Spas: 74 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 74 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 74 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Nail Salons: 52 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Barber Shops: 24 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.

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

Pharmacies & Medical Supply

283 related employer businesses in Knoxville.

Hospitality & Travel

257 related employer businesses in Knoxville.

  • Hotels: 145 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 145 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 87 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

  • Campgrounds & RV Parks: 16 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

  • Travel Agencies: 9 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.

Technology & Media

214 related employer businesses in Knoxville.

Health & Fitness

184 related employer businesses in Knoxville.

Education & Childcare

157 related employer businesses in Knoxville.

  • Daycare Centers: 138 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

  • Tutoring Centers: 19 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

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

Senior Care & Living

150 related employer businesses in Knoxville.

Entertainment & Recreation

142 related employer businesses in Knoxville.

  • Bars & Pubs: 57 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 57 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Outdoor Recreation: 49 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Golf Courses: 23 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.

  • Arcades & FECs: 7 employer businesses here. Typical sale multiple: 2.1x - 3.6x SDE.

  • Bowling Alleys: 6 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.

Pet Services

125 related employer businesses in Knoxville.

Energy & Utilities

115 related employer businesses in Knoxville.

E-commerce & Online Businesses

Land & Agriculture

Counties in this metro area

Working with owners in Knoxville

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

FREQUENTLY ASKED QUESTIONS

Questions owners in Knoxville ask

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

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 Knoxville?

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 Knoxville

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