Selling a Business in Missouri

Selling a business in Missouri means pricing it correctly, preparing the records a buyer will ask for and finding a buyer who can pay and close. Missouri has 151,475 employer businesses and about 498,312 more with no employees. This page covers the numbers, the steps and what buyers look for.

LOCAL SNAPSHOT

Missouri by the numbers

151,475

151,475

EMPLOYER BUSINESSES

85%

85%

SMALL EMPLOYER SHARE

498,312

498,312

BUSINESSES WITH NO EMPLOYEES

2,631,543

2,631,543

EMPLOYMENT

$160.7 billion

$160.7 billion

ANNUAL PAYROLL

62,554

62,554

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 Missouri compares

  • Missouri ranks 19th among the 50 states and the District of Columbia for employer businesses.

  • The number of employer businesses fell 1.5% between 2018 and 2023.

  • Finance and insurance makes up 7% of employer businesses in Missouri, compared with 6% nationwide.

  • 62,554 employer businesses here have 5 to 49 employees.

  • Missouri ranks 19th among the 50 states and the District of Columbia for employer businesses.

  • The number of employer businesses fell 1.5% between 2018 and 2023.

  • Finance and insurance makes up 7% of employer businesses in Missouri, compared with 6% nationwide.

  • 62,554 employer businesses here have 5 to 49 employees.

How a sale works in Missouri

A sale follows the same sequence in every market. The business is valued from its earnings, assets, size and industry. The records a buyer will ask for are prepared. The business is marketed without naming it, and buyers are asked to sign a non-disclosure agreement before they see the name or the financial statements. Each buyer is checked for money and fit, the letter of intent is negotiated, the buyer's review of the books is managed, and the sale is carried to closing.

State rules on tax clearance, bulk sale notices and the transfer of permits and licenses differ from state to state.

Rules that apply in Missouri

Notice when assets are sold

Missouri repealed Article 6 of its Uniform Commercial Code, the old bulk transfer law that required notice to a seller's creditors when most of a business's assets were sold. The Revisor of Statutes lists Section 400.6-101 as repealed in 2004. Source: Revised Statutes of Missouri, Section 400.6-101

Sales tax and the buyer's liability

The Missouri Department of Revenue says a buyer of a business must withhold enough of the purchase price to cover the seller's unpaid taxes until the seller produces a Certificate of No Tax Due or a Tax Clearance from the Department. This is successor liability, which means the buyer becomes responsible for the seller's unpaid taxes. The Department says a buyer's lack of knowledge about successorship does not relieve it of that liability. Source: Department of Revenue business registration FAQ

Permits and registrations

The Missouri Department of Revenue's tax registration application has a separate option for the purchase of an existing business and asks for the previous owner's name, address, tax identification number and purchase price. The same form tells every buyer of a business or stock of goods to notify the Director of Revenue of the purchase. Source: Department of Revenue Form 2643, Missouri Tax Registration Application

Unemployment insurance account

The Missouri Division of Employment Security says an employer must notify the Division in writing within 30 days when it acquires all or part of another business. A buyer found to be a successor takes over the seller's experience rating account, the record used to set the unemployment tax rate, along with liability for unpaid contributions, interest and penalties. Source: Division of Employment Security page on business changes and successorship

These points come from official Missouri agency pages checked on 2026-10-24. Rules change, so check the linked agency page for the current version. This is general information and not legal or tax advice.

A sale follows the same sequence in every market. The business is valued from its earnings, assets, size and industry. The records a buyer will ask for are prepared. The business is marketed without naming it, and buyers are asked to sign a non-disclosure agreement before they see the name or the financial statements. Each buyer is checked for money and fit, the letter of intent is negotiated, the buyer's review of the books is managed, and the sale is carried to closing.

State rules on tax clearance, bulk sale notices and the transfer of permits and licenses differ from state to state.

Rules that apply in Missouri

Notice when assets are sold

Missouri repealed Article 6 of its Uniform Commercial Code, the old bulk transfer law that required notice to a seller's creditors when most of a business's assets were sold. The Revisor of Statutes lists Section 400.6-101 as repealed in 2004. Source: Revised Statutes of Missouri, Section 400.6-101

Sales tax and the buyer's liability

The Missouri Department of Revenue says a buyer of a business must withhold enough of the purchase price to cover the seller's unpaid taxes until the seller produces a Certificate of No Tax Due or a Tax Clearance from the Department. This is successor liability, which means the buyer becomes responsible for the seller's unpaid taxes. The Department says a buyer's lack of knowledge about successorship does not relieve it of that liability. Source: Department of Revenue business registration FAQ

Permits and registrations

The Missouri Department of Revenue's tax registration application has a separate option for the purchase of an existing business and asks for the previous owner's name, address, tax identification number and purchase price. The same form tells every buyer of a business or stock of goods to notify the Director of Revenue of the purchase. Source: Department of Revenue Form 2643, Missouri Tax Registration Application

Unemployment insurance account

The Missouri Division of Employment Security says an employer must notify the Division in writing within 30 days when it acquires all or part of another business. A buyer found to be a successor takes over the seller's experience rating account, the record used to set the unemployment tax rate, along with liability for unpaid contributions, interest and penalties. Source: Division of Employment Security page on business changes and successorship

These points come from official Missouri agency pages checked on 2026-10-24. Rules change, so check the linked agency page for the current version. This is general information and not legal or tax advice.

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 Missouri

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

15,476 related employer businesses in Missouri.

  • General Contracting: 4,213 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Landscaping: 2,199 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Interior Finishing: 2,060 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Plumbing: 1,915 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 1,915 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Foundation & Site Prep: 1,487 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Electrical: 1,282 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Civil Engineering: 824 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Roofing & Siding: 759 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Masonry: 395 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Carpentry & Framing: 227 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Remediation & Restoration: 115 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Restaurants & Food

12,042 related employer businesses in Missouri.

Financial & Professional Services

10,633 related employer businesses in Missouri.

Medical Practices

10,293 related employer businesses in Missouri.

Retail Stores

7,439 related employer businesses in Missouri.

Automotive & Boat

6,067 related employer businesses in Missouri.

  • Auto Repair: 2,249 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Auto Parts: 1,130 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Car Dealerships: 1,104 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Collision Repair: 835 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Washes: 374 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Towing & Repo: 212 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

  • Boat Dealerships: 98 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.

  • Marinas: 65 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.

Logistics & Transportation

5,173 related employer businesses in Missouri.

Manufacturing

4,290 related employer businesses in Missouri.

Senior Care & Living

3,995 related employer businesses in Missouri.

Wholesale & Distribution

3,154 related employer businesses in Missouri.

Gas Stations & Convenience

2,937 related employer businesses in Missouri.

Pharmacies & Medical Supply

2,657 related employer businesses in Missouri.

Home Services

2,609 related employer businesses in Missouri.

Beauty & Personal Care

2,265 related employer businesses in Missouri.

  • Hair Salons: 1,236 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Day Spas: 503 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 503 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 503 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Nail Salons: 399 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Barber Shops: 127 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.

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

Technology & Media

1,852 related employer businesses in Missouri.

Hospitality & Travel

1,651 related employer businesses in Missouri.

  • Hotels: 1,073 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 1,073 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 321 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

  • Travel Agencies: 127 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.

  • Campgrounds & RV Parks: 96 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

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

Education & Childcare

1,553 related employer businesses in Missouri.

  • Daycare Centers: 1,463 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

  • Tutoring Centers: 90 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

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

Entertainment & Recreation

1,515 related employer businesses in Missouri.

  • Bars & Pubs: 698 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 698 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Outdoor Recreation: 417 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Golf Courses: 229 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.

  • Bowling Alleys: 93 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.

  • Arcades & FECs: 78 employer businesses here. Typical sale multiple: 2.1x - 3.6x SDE.

  • 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.

Health & Fitness

1,211 related employer businesses in Missouri.

Energy & Utilities

1,056 related employer businesses in Missouri.

Pet Services

672 related employer businesses in Missouri.

Land & Agriculture

6 related employer businesses in Missouri.

E-commerce & Online Businesses

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

15,476 related employer businesses in Missouri.

  • General Contracting: 4,213 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.

  • Landscaping: 2,199 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Interior Finishing: 2,060 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Plumbing: 1,915 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.

  • HVAC Services: 1,915 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.

  • Foundation & Site Prep: 1,487 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.

  • Electrical: 1,282 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.

  • Civil Engineering: 824 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.

  • Roofing & Siding: 759 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.

  • Masonry: 395 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.

  • Carpentry & Framing: 227 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.

  • Remediation & Restoration: 115 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

Restaurants & Food

12,042 related employer businesses in Missouri.

Financial & Professional Services

10,633 related employer businesses in Missouri.

Medical Practices

10,293 related employer businesses in Missouri.

Retail Stores

7,439 related employer businesses in Missouri.

Automotive & Boat

6,067 related employer businesses in Missouri.

  • Auto Repair: 2,249 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.

  • Auto Parts: 1,130 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.

  • Car Dealerships: 1,104 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.

  • Collision Repair: 835 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.

  • Car Washes: 374 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.

  • Towing & Repo: 212 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.

  • Boat Dealerships: 98 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.

  • Marinas: 65 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.

Logistics & Transportation

5,173 related employer businesses in Missouri.

Manufacturing

4,290 related employer businesses in Missouri.

Senior Care & Living

3,995 related employer businesses in Missouri.

Wholesale & Distribution

3,154 related employer businesses in Missouri.

Gas Stations & Convenience

2,937 related employer businesses in Missouri.

Pharmacies & Medical Supply

2,657 related employer businesses in Missouri.

Home Services

2,609 related employer businesses in Missouri.

Beauty & Personal Care

2,265 related employer businesses in Missouri.

  • Hair Salons: 1,236 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.

  • Day Spas: 503 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.

  • Tattoo Shops: 503 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Massage Parlors: 503 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.

  • Nail Salons: 399 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.

  • Barber Shops: 127 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.

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

Technology & Media

1,852 related employer businesses in Missouri.

Hospitality & Travel

1,651 related employer businesses in Missouri.

  • Hotels: 1,073 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.

  • Motels: 1,073 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.

  • Transportation Services: 321 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.

  • Travel Agencies: 127 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.

  • Campgrounds & RV Parks: 96 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.

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

Education & Childcare

1,553 related employer businesses in Missouri.

  • Daycare Centers: 1,463 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.

  • Tutoring Centers: 90 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.

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

Entertainment & Recreation

1,515 related employer businesses in Missouri.

  • Bars & Pubs: 698 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Clubs & Lounges: 698 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.

  • Outdoor Recreation: 417 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.

  • Golf Courses: 229 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.

  • Bowling Alleys: 93 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.

  • Arcades & FECs: 78 employer businesses here. Typical sale multiple: 2.1x - 3.6x SDE.

  • 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.

Health & Fitness

1,211 related employer businesses in Missouri.

Energy & Utilities

1,056 related employer businesses in Missouri.

Pet Services

672 related employer businesses in Missouri.

Land & Agriculture

6 related employer businesses in Missouri.

E-commerce & Online Businesses

Working with owners in Missouri

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

FREQUENTLY ASKED QUESTIONS

Questions owners in Missouri ask

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

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 Missouri?

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.

What should I prepare before listing?

Three years of tax returns and profit and loss statements, a current balance sheet, the lease, a list of equipment and a summary of key contracts.

What is the difference between SDE and EBITDA?

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, and it is used for larger businesses that run without the owner.

FROM OUR BLOG

Guides for owners in Missouri

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