Selling a Business in Sherman

Owners in the Sherman area sell to local buyers and to buyers from other markets. The area has 2,899 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

Sherman by the numbers

2,899

2,899

EMPLOYER BUSINESSES

86%

86%

SMALL EMPLOYER SHARE

13,749

13,749

BUSINESSES WITH NO EMPLOYEES

42,994

42,994

EMPLOYMENT

$2.1 billion

$2.1 billion

ANNUAL PAYROLL

1,267

1,267

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 Sherman compares

  • The Sherman area ranks 24th of 26 Texas metro areas for employer businesses.

  • The number of employer businesses grew 9.9% between 2018 and 2023.

  • Manufacturing makes up 4% of employer businesses in Sherman, compared with 3% in Texas.

  • 1,267 employer businesses here have 5 to 49 employees.

  • The Sherman area ranks 24th of 26 Texas metro areas for employer businesses.

  • The number of employer businesses grew 9.9% between 2018 and 2023.

  • Manufacturing makes up 4% of employer businesses in Sherman, compared with 3% in Texas.

  • 1,267 employer businesses here have 5 to 49 employees.

Industry mix

The largest industries by number of employer businesses:

  • Retail: 456 employer businesses

  • Health care and social assistance: 406 employer businesses

  • Construction: 287 employer businesses

  • Repair, personal care and other services: 283 employer businesses

  • Professional and technical services: 262 employer businesses

The largest industries by number of employer businesses:

  • Retail: 456 employer businesses

  • Health care and social assistance: 406 employer businesses

  • Construction: 287 employer businesses

  • Repair, personal care and other services: 283 employer businesses

  • Professional and technical services: 262 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 Sherman

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

Medical Practices

274 related employer businesses in Sherman.

Construction & Engineering

264 related employer businesses in Sherman.

  • General Contracting: 72 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Plumbing: 55 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 55 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Landscaping: 35 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Electrical: 33 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Foundation & Site Prep: 32 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Interior Finishing: 19 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Roofing & Siding: 10 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Civil Engineering: 8 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

Restaurants & Food

236 related employer businesses in Sherman.

Financial & Professional Services

202 related employer businesses in Sherman.

Retail Stores

153 related employer businesses in Sherman.

Automotive & Boat

132 related employer businesses in Sherman.

  • Auto Repair: 43 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Auto Parts: 26 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Car Dealerships: 26 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Collision Repair: 16 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Marinas: 9 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.

  • Towing & Repo: 7 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

  • Car Washes: 5 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

Manufacturing

92 related employer businesses in Sherman.

Logistics & Transportation

82 related employer businesses in Sherman.

Gas Stations & Convenience

79 related employer businesses in Sherman.

Pharmacies & Medical Supply

55 related employer businesses in Sherman.

Wholesale & Distribution

52 related employer businesses in Sherman.

Home Services

40 related employer businesses in Sherman.

Energy & Utilities

34 related employer businesses in Sherman.

Hospitality & Travel

29 related employer businesses in Sherman.

  • Hotels: 21 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 21 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

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

  • Transportation Services: 3 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

Education & Childcare

25 related employer businesses in Sherman.

  • Daycare Centers: 25 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

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

Senior Care & Living

24 related employer businesses in Sherman.

Beauty & Personal Care

20 related employer businesses in Sherman.

  • Day Spas: 10 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 10 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 10 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Hair Salons: 6 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Nail Salons: 4 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

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

Technology & Media

18 related employer businesses in Sherman.

Pet Services

17 related employer businesses in Sherman.

Health & Fitness

13 related employer businesses in Sherman.

Entertainment & Recreation

9 related employer businesses in Sherman.

E-commerce & Online Businesses

Land & Agriculture

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

Medical Practices

274 related employer businesses in Sherman.

Construction & Engineering

264 related employer businesses in Sherman.

  • General Contracting: 72 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Plumbing: 55 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 55 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Landscaping: 35 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Electrical: 33 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Foundation & Site Prep: 32 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Interior Finishing: 19 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Roofing & Siding: 10 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Civil Engineering: 8 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

Restaurants & Food

236 related employer businesses in Sherman.

Financial & Professional Services

202 related employer businesses in Sherman.

Retail Stores

153 related employer businesses in Sherman.

Automotive & Boat

132 related employer businesses in Sherman.

  • Auto Repair: 43 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Auto Parts: 26 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Car Dealerships: 26 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Collision Repair: 16 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Marinas: 9 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.

  • Towing & Repo: 7 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

  • Car Washes: 5 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

Manufacturing

92 related employer businesses in Sherman.

Logistics & Transportation

82 related employer businesses in Sherman.

Gas Stations & Convenience

79 related employer businesses in Sherman.

Pharmacies & Medical Supply

55 related employer businesses in Sherman.

Wholesale & Distribution

52 related employer businesses in Sherman.

Home Services

40 related employer businesses in Sherman.

Energy & Utilities

34 related employer businesses in Sherman.

Hospitality & Travel

29 related employer businesses in Sherman.

  • Hotels: 21 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 21 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

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

  • Transportation Services: 3 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

Education & Childcare

25 related employer businesses in Sherman.

  • Daycare Centers: 25 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

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

Senior Care & Living

24 related employer businesses in Sherman.

Beauty & Personal Care

20 related employer businesses in Sherman.

  • Day Spas: 10 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 10 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 10 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Hair Salons: 6 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Nail Salons: 4 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

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

Technology & Media

18 related employer businesses in Sherman.

Pet Services

17 related employer businesses in Sherman.

Health & Fitness

13 related employer businesses in Sherman.

Entertainment & Recreation

9 related employer businesses in Sherman.

E-commerce & Online Businesses

Land & Agriculture

Counties in this metro area

Working with owners in Sherman

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

FREQUENTLY ASKED QUESTIONS

Questions owners in Sherman ask

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

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 Sherman?

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 Sherman

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