Selling a Business in Providence

Owners in the Providence area sell to local buyers and to buyers from other markets. The area has 42,731 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

Providence by the numbers

42,731

42,731

EMPLOYER BUSINESSES

86%

86%

SMALL EMPLOYER SHARE

142,666

142,666

BUSINESSES WITH NO EMPLOYEES

645,576

645,576

EMPLOYMENT

$39.4 billion

$39.4 billion

ANNUAL PAYROLL

17,136

17,136

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 Providence compares

  • The number of employer businesses grew 2.3% between 2018 and 2023.

  • Retail makes up 13% of employer businesses in Providence, compared with 12% in Rhode Island.

  • 17,136 employer businesses here have 5 to 49 employees.

  • The number of employer businesses grew 2.3% between 2018 and 2023.

  • Retail makes up 13% of employer businesses in Providence, compared with 12% in Rhode Island.

  • 17,136 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

  • Retail: 5,533 employer businesses

  • Construction: 5,278 employer businesses

  • Health care and social assistance: 4,723 employer businesses

  • Accommodation and food service: 4,589 employer businesses

  • Repair, personal care and other services: 4,493 employer businesses

The largest industries by number of employer businesses:

  • Retail: 5,533 employer businesses

  • Construction: 5,278 employer businesses

  • Health care and social assistance: 4,723 employer businesses

  • Accommodation and food service: 4,589 employer businesses

  • Repair, personal care and other services: 4,493 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 Providence

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

6,270 related employer businesses in Providence.

  • General Contracting: 1,630 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Landscaping: 1,137 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Interior Finishing: 932 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Plumbing: 772 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 772 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Electrical: 612 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Foundation & Site Prep: 425 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Civil Engineering: 315 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Masonry: 169 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Roofing & Siding: 159 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Carpentry & Framing: 79 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Remediation & Restoration: 40 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Restaurants & Food

4,400 related employer businesses in Providence.

Medical Practices

2,457 related employer businesses in Providence.

Financial & Professional Services

2,097 related employer businesses in Providence.

Retail Stores

2,010 related employer businesses in Providence.

Automotive & Boat

1,767 related employer businesses in Providence.

  • Auto Repair: 601 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Car Dealerships: 313 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Collision Repair: 281 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Auto Parts: 272 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Car Washes: 108 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Marinas: 80 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.

  • Boat Dealerships: 61 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.

  • Towing & Repo: 51 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

Manufacturing

1,346 related employer businesses in Providence.

Logistics & Transportation

996 related employer businesses in Providence.

Beauty & Personal Care

982 related employer businesses in Providence.

  • Hair Salons: 555 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Nail Salons: 209 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Day Spas: 181 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 181 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 181 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Barber Shops: 37 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.

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

Wholesale & Distribution

889 related employer businesses in Providence.

Home Services

871 related employer businesses in Providence.

Gas Stations & Convenience

818 related employer businesses in Providence.

Technology & Media

538 related employer businesses in Providence.

Entertainment & Recreation

526 related employer businesses in Providence.

  • Bars & Pubs: 285 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 285 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Outdoor Recreation: 118 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Golf Courses: 77 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.

  • Arcades & FECs: 27 employer businesses here. Typical sale multiple: 2.1x - 3.6x SDE.

  • Bowling Alleys: 19 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.

Hospitality & Travel

520 related employer businesses in Providence.

  • Transportation Services: 211 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

  • Hotels: 208 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 208 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Travel Agencies: 49 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.

  • Bed & Breakfasts / Inns: 34 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Campgrounds & RV Parks: 18 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Education & Childcare

495 related employer businesses in Providence.

  • Daycare Centers: 465 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

  • Tutoring Centers: 30 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

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

Pharmacies & Medical Supply

494 related employer businesses in Providence.

Health & Fitness

438 related employer businesses in Providence.

Energy & Utilities

333 related employer businesses in Providence.

Senior Care & Living

296 related employer businesses in Providence.

Pet Services

249 related employer businesses in Providence.

E-commerce & Online Businesses

Land & Agriculture

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

6,270 related employer businesses in Providence.

  • General Contracting: 1,630 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Landscaping: 1,137 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Interior Finishing: 932 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Plumbing: 772 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 772 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Electrical: 612 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Foundation & Site Prep: 425 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Civil Engineering: 315 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Masonry: 169 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Roofing & Siding: 159 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Carpentry & Framing: 79 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Remediation & Restoration: 40 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Restaurants & Food

4,400 related employer businesses in Providence.

Medical Practices

2,457 related employer businesses in Providence.

Financial & Professional Services

2,097 related employer businesses in Providence.

Retail Stores

2,010 related employer businesses in Providence.

Automotive & Boat

1,767 related employer businesses in Providence.

  • Auto Repair: 601 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Car Dealerships: 313 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Collision Repair: 281 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Auto Parts: 272 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Car Washes: 108 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Marinas: 80 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.

  • Boat Dealerships: 61 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.

  • Towing & Repo: 51 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

Manufacturing

1,346 related employer businesses in Providence.

Logistics & Transportation

996 related employer businesses in Providence.

Beauty & Personal Care

982 related employer businesses in Providence.

  • Hair Salons: 555 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Nail Salons: 209 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Day Spas: 181 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 181 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 181 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Barber Shops: 37 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.

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

Wholesale & Distribution

889 related employer businesses in Providence.

Home Services

871 related employer businesses in Providence.

Gas Stations & Convenience

818 related employer businesses in Providence.

Technology & Media

538 related employer businesses in Providence.

Entertainment & Recreation

526 related employer businesses in Providence.

  • Bars & Pubs: 285 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 285 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Outdoor Recreation: 118 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Golf Courses: 77 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.

  • Arcades & FECs: 27 employer businesses here. Typical sale multiple: 2.1x - 3.6x SDE.

  • Bowling Alleys: 19 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.

Hospitality & Travel

520 related employer businesses in Providence.

  • Transportation Services: 211 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

  • Hotels: 208 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 208 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Travel Agencies: 49 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.

  • Bed & Breakfasts / Inns: 34 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Campgrounds & RV Parks: 18 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Education & Childcare

495 related employer businesses in Providence.

  • Daycare Centers: 465 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

  • Tutoring Centers: 30 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

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

Pharmacies & Medical Supply

494 related employer businesses in Providence.

Health & Fitness

438 related employer businesses in Providence.

Energy & Utilities

333 related employer businesses in Providence.

Senior Care & Living

296 related employer businesses in Providence.

Pet Services

249 related employer businesses in Providence.

E-commerce & Online Businesses

Land & Agriculture

Counties in this metro area

Working with owners in Providence

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

FREQUENTLY ASKED QUESTIONS

Questions owners in Providence ask

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

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 Providence?

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 Providence

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