Selling a Business in Lakeland

Owners in the Lakeland area sell to local buyers and to buyers from other markets. The area has 13,992 employer businesses, and 86% of them have fewer than 20 employees. This page shows what is here and how a sale is handled.

LOCAL SNAPSHOT

Lakeland by the numbers

13,992

13,992

EMPLOYER BUSINESSES

86%

86%

SMALL EMPLOYER SHARE

88,219

88,219

BUSINESSES WITH NO EMPLOYEES

232,278

232,278

EMPLOYMENT

$11.7 billion

$11.7 billion

ANNUAL PAYROLL

5,101

5,101

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 Lakeland compares

  • The Lakeland area ranks 10th of 22 Florida metro areas for employer businesses.

  • The number of employer businesses grew 16.6% between 2018 and 2023.

  • Transportation and warehousing makes up 5% of employer businesses in Lakeland, compared with 3% in Florida.

  • 5,101 employer businesses here have 5 to 49 employees.

  • The Lakeland area ranks 10th of 22 Florida metro areas for employer businesses.

  • The number of employer businesses grew 16.6% between 2018 and 2023.

  • Transportation and warehousing makes up 5% of employer businesses in Lakeland, compared with 3% in Florida.

  • 5,101 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

  • Retail: 1,916 employer businesses

  • Construction: 1,823 employer businesses

  • Health care and social assistance: 1,384 employer businesses

  • Repair, personal care and other services: 1,372 employer businesses

  • Professional and technical services: 1,271 employer businesses

The largest industries by number of employer businesses:

  • Retail: 1,916 employer businesses

  • Construction: 1,823 employer businesses

  • Health care and social assistance: 1,384 employer businesses

  • Repair, personal care and other services: 1,372 employer businesses

  • Professional and technical services: 1,271 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 Lakeland

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

2,013 related employer businesses in Lakeland.

  • General Contracting: 464 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Interior Finishing: 350 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Landscaping: 343 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Plumbing: 231 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 231 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Foundation & Site Prep: 162 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Electrical: 162 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Civil Engineering: 96 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Roofing & Siding: 92 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Masonry: 62 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Carpentry & Framing: 43 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Remediation & Restoration: 8 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Restaurants & Food

1,002 related employer businesses in Lakeland.

Financial & Professional Services

863 related employer businesses in Lakeland.

Medical Practices

825 related employer businesses in Lakeland.

Logistics & Transportation

659 related employer businesses in Lakeland.

Retail Stores

617 related employer businesses in Lakeland.

Automotive & Boat

523 related employer businesses in Lakeland.

  • Auto Repair: 177 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Auto Parts: 111 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Car Dealerships: 105 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Collision Repair: 47 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Washes: 47 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Towing & Repo: 25 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

  • Boat Dealerships: 8 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.

Home Services

374 related employer businesses in Lakeland.

Manufacturing

349 related employer businesses in Lakeland.

Gas Stations & Convenience

335 related employer businesses in Lakeland.

Wholesale & Distribution

306 related employer businesses in Lakeland.

Beauty & Personal Care

229 related employer businesses in Lakeland.

  • Hair Salons: 127 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Day Spas: 51 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 51 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 51 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Nail Salons: 34 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Barber Shops: 17 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.

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

Pharmacies & Medical Supply

173 related employer businesses in Lakeland.

Education & Childcare

154 related employer businesses in Lakeland.

  • Daycare Centers: 141 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

  • Tutoring Centers: 13 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

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

Technology & Media

145 related employer businesses in Lakeland.

Hospitality & Travel

141 related employer businesses in Lakeland.

  • Hotels: 88 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 88 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 28 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

  • Campgrounds & RV Parks: 14 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

  • Travel Agencies: 11 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.

Entertainment & Recreation

99 related employer businesses in Lakeland.

  • Bars & Pubs: 55 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 55 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Outdoor Recreation: 28 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Golf Courses: 16 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.

Energy & Utilities

93 related employer businesses in Lakeland.

Health & Fitness

80 related employer businesses in Lakeland.

Senior Care & Living

77 related employer businesses in Lakeland.

Pet Services

59 related employer businesses in Lakeland.

Land & Agriculture

7 related employer businesses in Lakeland.

E-commerce & Online Businesses

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

2,013 related employer businesses in Lakeland.

  • General Contracting: 464 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Interior Finishing: 350 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Landscaping: 343 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Plumbing: 231 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 231 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Foundation & Site Prep: 162 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Electrical: 162 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Civil Engineering: 96 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Roofing & Siding: 92 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Masonry: 62 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Carpentry & Framing: 43 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Remediation & Restoration: 8 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Restaurants & Food

1,002 related employer businesses in Lakeland.

Financial & Professional Services

863 related employer businesses in Lakeland.

Medical Practices

825 related employer businesses in Lakeland.

Logistics & Transportation

659 related employer businesses in Lakeland.

Retail Stores

617 related employer businesses in Lakeland.

Automotive & Boat

523 related employer businesses in Lakeland.

  • Auto Repair: 177 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Auto Parts: 111 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Car Dealerships: 105 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Collision Repair: 47 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Washes: 47 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Towing & Repo: 25 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

  • Boat Dealerships: 8 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.

Home Services

374 related employer businesses in Lakeland.

Manufacturing

349 related employer businesses in Lakeland.

Gas Stations & Convenience

335 related employer businesses in Lakeland.

Wholesale & Distribution

306 related employer businesses in Lakeland.

Beauty & Personal Care

229 related employer businesses in Lakeland.

  • Hair Salons: 127 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Day Spas: 51 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 51 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 51 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Nail Salons: 34 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Barber Shops: 17 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.

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

Pharmacies & Medical Supply

173 related employer businesses in Lakeland.

Education & Childcare

154 related employer businesses in Lakeland.

  • Daycare Centers: 141 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

  • Tutoring Centers: 13 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

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

Technology & Media

145 related employer businesses in Lakeland.

Hospitality & Travel

141 related employer businesses in Lakeland.

  • Hotels: 88 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 88 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 28 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

  • Campgrounds & RV Parks: 14 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

  • Travel Agencies: 11 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.

Entertainment & Recreation

99 related employer businesses in Lakeland.

  • Bars & Pubs: 55 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 55 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Outdoor Recreation: 28 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Golf Courses: 16 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.

Energy & Utilities

93 related employer businesses in Lakeland.

Health & Fitness

80 related employer businesses in Lakeland.

Senior Care & Living

77 related employer businesses in Lakeland.

Pet Services

59 related employer businesses in Lakeland.

Land & Agriculture

7 related employer businesses in Lakeland.

E-commerce & Online Businesses

Counties in this metro area

Working with owners in Lakeland

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

FREQUENTLY ASKED QUESTIONS

Questions owners in Lakeland ask

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

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 Lakeland?

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 Lakeland

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