Selling a Business in Utah
Selling a business in Utah means pricing it correctly, preparing the records a buyer will ask for and finding a buyer who can pay and close. Utah has 95,494 employer businesses and about 323,310 more with no employees. This page covers the numbers, the steps and what buyers look for.
LOCAL SNAPSHOT
Utah by the numbers
95,494
95,494
EMPLOYER BUSINESSES
86%
86%
SMALL EMPLOYER SHARE
323,310
323,310
BUSINESSES WITH NO EMPLOYEES
1,579,974
1,579,974
EMPLOYMENT
$96.4 billion
$96.4 billion
ANNUAL PAYROLL
34,463
34,463
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 Utah compares
Utah ranks 28th among the 50 states and the District of Columbia for employer businesses.
The number of employer businesses grew 16.1% between 2018 and 2023.
Construction makes up 14% of employer businesses in Utah, compared with 10% nationwide.
34,463 employer businesses here have 5 to 49 employees.
Utah ranks 28th among the 50 states and the District of Columbia for employer businesses.
The number of employer businesses grew 16.1% between 2018 and 2023.
Construction makes up 14% of employer businesses in Utah, compared with 10% nationwide.
34,463 employer businesses here have 5 to 49 employees.
How a sale works in Utah
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 Utah
Sales tax and the buyer's liability
The Utah State Tax Commission says a buyer of a business should get from the seller a Letter of Good Standing, or a Commission letter stating no sales or special fuel taxes are due, and withhold any unpaid tax from the purchase price to pay the Commission within 30 days of the sale. A buyer who does not meet these steps could be held liable for the seller's past sales and special fuel taxes, which is called successor liability. The seller files final returns within 30 days of the sale and closes its tax accounts. Source: Utah State Tax Commission page on purchasing or selling a business
Permits and registrations
The Utah State Tax Commission says tax licenses are not transferable and that a buyer applies for new tax licenses. It also says that where the IRS lets the federal employer identification number stay the same after an ownership change, the new owners do not need new Utah tax account numbers but must report the new owner and officer information on Form TC-69C. Source: Utah State Tax Commission page on purchasing or selling a business
Unemployment insurance account
Utah's Department of Workforce Services says a successor employer is one that acquires an existing business and meets conditions set by rule. The successor keeps the seller's unemployment insurance account number with the first and last digits changed, the seller's rate transfers to the successor, and future rates use the wage and benefit history of both employers. Source: Department of Workforce Services employer unemployment insurance presentation
These points come from official Utah 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 Utah
Sales tax and the buyer's liability
The Utah State Tax Commission says a buyer of a business should get from the seller a Letter of Good Standing, or a Commission letter stating no sales or special fuel taxes are due, and withhold any unpaid tax from the purchase price to pay the Commission within 30 days of the sale. A buyer who does not meet these steps could be held liable for the seller's past sales and special fuel taxes, which is called successor liability. The seller files final returns within 30 days of the sale and closes its tax accounts. Source: Utah State Tax Commission page on purchasing or selling a business
Permits and registrations
The Utah State Tax Commission says tax licenses are not transferable and that a buyer applies for new tax licenses. It also says that where the IRS lets the federal employer identification number stay the same after an ownership change, the new owners do not need new Utah tax account numbers but must report the new owner and officer information on Form TC-69C. Source: Utah State Tax Commission page on purchasing or selling a business
Unemployment insurance account
Utah's Department of Workforce Services says a successor employer is one that acquires an existing business and meets conditions set by rule. The successor keeps the seller's unemployment insurance account number with the first and last digits changed, the seller's rate transfers to the successor, and future rates use the wage and benefit history of both employers. Source: Department of Workforce Services employer unemployment insurance presentation
These points come from official Utah 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
INDUSTRIES
What sells in Utah
Professional and technical services, construction, health care and social assistance, retail
Every kind of business we sell in Utah
We sell businesses in every one of these industries in Utah. 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
13,895 related employer businesses in Utah.
General Contracting: 3,696 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Interior Finishing: 2,565 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Landscaping: 1,471 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Plumbing: 1,443 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 1,443 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.
Foundation & Site Prep: 1,299 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Electrical: 1,136 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Civil Engineering: 867 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.
Roofing & Siding: 537 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Carpentry & Framing: 476 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Masonry: 348 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.
Remediation & Restoration: 57 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Financial & Professional Services
8,086 related employer businesses in Utah.
Real Estate Brokerages: 3,171 employer businesses here. Typical sale multiple: 2.5x - 4.5x SDE.
Accounting & Tax Practices: 1,736 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Insurance Agencies: 1,659 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.
Wealth Management: 824 employer businesses here. Typical sale multiple: 2.7x - 4.0x Recurring Revenue.
Private Lending: 439 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Mortgage Brokerages: 257 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Medical Practices
6,651 related employer businesses in Utah.
Primary & Family Care: 2,096 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE.
Dental Practices: 1,789 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Mental & Behavioral Health: 1,173 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Physical Therapy & Rehab: 469 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Home Health & Hospice: 282 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Veterinary Medicine: 256 employer businesses here. Typical sale multiple: 6.0x - 9.0x EBITDA.
Vision & Eye Care: 214 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Medical Labs & Imaging: 145 employer businesses here. Typical sale multiple: 4.5x - 6.5x EBITDA.
Specialty Medicine: 119 employer businesses here. Typical sale multiple: 5.0x - 7.0x EBITDA.
Urgent Care Clinics: 108 employer businesses here. Typical sale multiple: 4.0x - 6.0x EBITDA.
Restaurants & Food
6,029 related employer businesses in Utah.
Quick-Service & Fast Food: 2,801 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Full-Service Restaurants: 1,799 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Coffee Shops: 865 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Grocery Stores & Markets: 411 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Bakeries: 96 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Liquor, Wine & Beer Stores: 57 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Ghost Kitchens. Typical sale multiple: 2.0x - 3.0x SDE.
Retail Stores
3,858 related employer businesses in Utah.
Fashion, Apparel & Jewelry: 1,041 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE + Inventory.
Hardware, Garden & Building: 722 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Health, Beauty & Pharmacy: 676 employer businesses here. Typical sale multiple: 2.8x - 4.2x EBITDA.
Home Decor & Furniture: 484 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE + Inventory.
Sporting Goods & Firearms: 369 employer businesses here. Typical sale multiple: 2.3x - 3.4x SDE.
Hobby, Toys & Gift Shops: 311 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE + Inventory.
Electronics & Repair: 255 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Manufacturing
2,967 related employer businesses in Utah.
Metal Fabrication: 695 employer businesses here. Typical sale multiple: 3.2x - 4.2x SDE.
Food & Beverage Manufacturing: 506 employer businesses here. Typical sale multiple: 3.1x - 4.5x SDE.
Wood & Furniture Manufacturing: 474 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Medical & Chemical Manufacturing: 429 employer businesses here. Typical sale multiple: 4.5x - 8.0x EBITDA.
Printing & Plastics: 389 employer businesses here. Typical sale multiple: 2.9x - 4.9x SDE.
Electronics & Tech Manufacturing: 183 employer businesses here. Typical sale multiple: 4.0x - 7.5x EBITDA.
Construction Materials Manufacturing: 164 employer businesses here. Typical sale multiple: 2.5x - 5.0x EBITDA.
Textile & Apparel Manufacturing: 127 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Automotive & Boat
2,840 related employer businesses in Utah.
Auto Repair: 1,145 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.
Car Dealerships: 510 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.
Auto Parts: 475 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.
Collision Repair: 294 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Car Washes: 280 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.
Towing & Repo: 113 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.
Boat Dealerships: 16 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Marinas: 7 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.
Logistics & Transportation
2,716 related employer businesses in Utah.
General Freight Trucking: 1,816 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.
Warehousing & Fulfillment: 236 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Freight Brokerage & 3PL: 196 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Heavy Haul Transport: 184 employer businesses here. Typical sale multiple: 3.5x - 4.5x SDE.
Last-Mile & Courier: 180 employer businesses here. Typical sale multiple: 2.76x - 3.32x SDE.
Commercial Moving: 85 employer businesses here. Typical sale multiple: 1.5x - 3.0x SDE.
NEMT & Passenger Transport: 19 employer businesses here. Typical sale multiple: 2.1x - 3.1x SDE.
Port Drayage. Typical sale multiple: 2.5x - 3.5x SDE.
Home Services
2,369 related employer businesses in Utah.
Property Management: 1,041 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Residential Cleaning: 1,032 employer businesses here. Typical sale multiple: 1.5x - 2.6x SDE.
Commercial Cleaning: 1,032 employer businesses here. Typical sale multiple: 2.47x - 4.11x EBITDA.
Pest Control: 212 employer businesses here. Typical sale multiple: 2.34x - 2.90x SDE.
Security Systems: 84 employer businesses here. Typical sale multiple: 3.0x - 4.9x EBITDA.
Audio Visual (AV). Typical sale multiple: 3.0x - 5.0x EBITDA.
Junk Removal. Typical sale multiple: 1.5x - 3.0x SDE.
Pool & Spa Service. Typical sale multiple: 3.0x - 4.0x EBITDA.
Technology & Media
2,273 related employer businesses in Utah.
Digital Marketing Agencies: 571 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Creative Agencies: 566 employer businesses here. Typical sale multiple: 1.8x - 3.0x SDE.
Software Companies (SaaS): 418 employer businesses here. Typical sale multiple: 3.5x - 5.5x SDE.
Media, Film & Studio Production: 414 employer businesses here. Typical sale multiple: 2.2x - 3.5x SDE.
Real Estate Media: 304 employer businesses here. Typical sale multiple: 1.5x - 2.8x SDE.
E-commerce & Online Brands. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Beauty & Personal Care
1,787 related employer businesses in Utah.
Hair Salons: 959 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.
Day Spas: 463 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.
Tattoo Shops: 463 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Massage Parlors: 463 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Nail Salons: 260 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.
Barber Shops: 105 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.
Medical Spas. Typical sale multiple: 2.5x - 4.5x EBITDA.
Wholesale & Distribution
1,719 related employer businesses in Utah.
Industrial & Construction Supply: 759 employer businesses here. Typical sale multiple: 3.0x - 4.0x SDE.
Electronics, IT & Office Equipment Distribution: 316 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Food & Beverage Distribution: 241 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Medical, Dental & Pharmaceutical Distribution: 122 employer businesses here. Typical sale multiple: 3.5x - 4.5x EBITDA.
Chemicals, Plastics & Raw Materials Distribution: 114 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Consumer Goods & Apparel Distribution: 103 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Packaging, Paper & JanSan Distribution: 64 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Gas Stations & Convenience
994 related employer businesses in Utah.
Gas Stations: 813 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.
Convenience Stores: 181 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Truck Stops & Travel Centers. Typical sale multiple: 3.5x - 5.5x EBITDA + Real Estate.
Hospitality & Travel
955 related employer businesses in Utah.
Hotels: 636 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.
Motels: 636 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.
Transportation Services: 102 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.
Campgrounds & RV Parks: 93 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Travel Agencies: 93 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.
Bed & Breakfasts / Inns: 31 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Health & Fitness
824 related employer businesses in Utah.
Wellness & Recovery Centers: 457 employer businesses here. Typical sale multiple: 5.5x - 9.7x EBITDA.
Gyms & Health Clubs: 367 employer businesses here. Typical sale multiple: 2.44x - 2.93x SDE.
Yoga Studios: 367 employer businesses here. Typical sale multiple: 2.07x - 2.50x SDE.
Pilates Studios: 367 employer businesses here. Typical sale multiple: 2.10x - 3.00x SDE.
Personal Training Studios: 367 employer businesses here. Typical sale multiple: 2.00x - 2.80x SDE.
Education & Childcare
822 related employer businesses in Utah.
Daycare Centers: 745 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.
Tutoring Centers: 77 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Preschools. Typical sale multiple: 3.12x - 4.0x SDE.
Pharmacies & Medical Supply
760 related employer businesses in Utah.
Home Infusion: 282 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Compounding Pharmacies: 213 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Specialty Pharmacies: 213 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Durable Medical Equipment (DME): 150 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.
Medical Supply Retail: 115 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Energy & Utilities
705 related employer businesses in Utah.
Oil & Gas Services: 224 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA + Equipment.
Water & Wastewater Services: 199 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Waste Management & Recycling: 173 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Propane & Fuel Distribution: 80 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Solar & Renewable Energy: 29 employer businesses here. Typical sale multiple: 3.5x - 6.0x EBITDA.
Entertainment & Recreation
634 related employer businesses in Utah.
Outdoor Recreation: 336 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Bars & Pubs: 180 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Clubs & Lounges: 180 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.
Golf Courses: 46 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.
Arcades & FECs: 44 employer businesses here. Typical sale multiple: 2.1x - 3.6x SDE.
Bowling Alleys: 28 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.
Senior Care & Living
439 related employer businesses in Utah.
Non-Medical Home Care: 252 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Assisted Living Facilities: 146 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Senior Living Communities: 41 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Adult Day Services. Typical sale multiple: 2.5x - 4.0x SDE.
Pet Services
399 related employer businesses in Utah.
Pet Grooming & Spas: 315 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Boarding, Daycare & Training: 315 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Pet Retail & Specialty Supplies: 84 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE + Inventory.
Mobile & In-Home Pet Care. Typical sale multiple: 1.5x - 2.5x SDE + Fleet.
Land & Agriculture
6 related employer businesses in Utah.
Agricultural Labor Contracting: 6 employer businesses here. Typical sale multiple: 2.4x - 6.09x EBITDA.
Crop Production. Typical sale multiple: 4.5x - 6.69x EBITDA.
Livestock & Ranching. Typical sale multiple: 3.0x - 5.76x EBITDA.
Agribusiness & Infrastructure. Typical sale multiple: 5.2x - 10.3x EBITDA.
AgTech & Precision Ag. Typical sale multiple: 8.3x - 12.1x EBITDA.
Agri-Tourism & Lifestyle. Typical sale multiple: 2.51x - 4.54x SDE.
E-commerce & Online Businesses
Amazon FBA Businesses. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Online Marketplaces. Typical sale multiple: 3.5x - 6.0x SDE.
We sell businesses in every one of these industries in Utah. 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
13,895 related employer businesses in Utah.
General Contracting: 3,696 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Interior Finishing: 2,565 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Landscaping: 1,471 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Plumbing: 1,443 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 1,443 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.
Foundation & Site Prep: 1,299 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Electrical: 1,136 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Civil Engineering: 867 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.
Roofing & Siding: 537 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Carpentry & Framing: 476 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Masonry: 348 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.
Remediation & Restoration: 57 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Financial & Professional Services
8,086 related employer businesses in Utah.
Real Estate Brokerages: 3,171 employer businesses here. Typical sale multiple: 2.5x - 4.5x SDE.
Accounting & Tax Practices: 1,736 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Insurance Agencies: 1,659 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.
Wealth Management: 824 employer businesses here. Typical sale multiple: 2.7x - 4.0x Recurring Revenue.
Private Lending: 439 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Mortgage Brokerages: 257 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Medical Practices
6,651 related employer businesses in Utah.
Primary & Family Care: 2,096 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE.
Dental Practices: 1,789 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Mental & Behavioral Health: 1,173 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Physical Therapy & Rehab: 469 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Home Health & Hospice: 282 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Veterinary Medicine: 256 employer businesses here. Typical sale multiple: 6.0x - 9.0x EBITDA.
Vision & Eye Care: 214 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Medical Labs & Imaging: 145 employer businesses here. Typical sale multiple: 4.5x - 6.5x EBITDA.
Specialty Medicine: 119 employer businesses here. Typical sale multiple: 5.0x - 7.0x EBITDA.
Urgent Care Clinics: 108 employer businesses here. Typical sale multiple: 4.0x - 6.0x EBITDA.
Restaurants & Food
6,029 related employer businesses in Utah.
Quick-Service & Fast Food: 2,801 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Full-Service Restaurants: 1,799 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Coffee Shops: 865 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Grocery Stores & Markets: 411 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Bakeries: 96 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Liquor, Wine & Beer Stores: 57 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Ghost Kitchens. Typical sale multiple: 2.0x - 3.0x SDE.
Retail Stores
3,858 related employer businesses in Utah.
Fashion, Apparel & Jewelry: 1,041 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE + Inventory.
Hardware, Garden & Building: 722 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Health, Beauty & Pharmacy: 676 employer businesses here. Typical sale multiple: 2.8x - 4.2x EBITDA.
Home Decor & Furniture: 484 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE + Inventory.
Sporting Goods & Firearms: 369 employer businesses here. Typical sale multiple: 2.3x - 3.4x SDE.
Hobby, Toys & Gift Shops: 311 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE + Inventory.
Electronics & Repair: 255 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Manufacturing
2,967 related employer businesses in Utah.
Metal Fabrication: 695 employer businesses here. Typical sale multiple: 3.2x - 4.2x SDE.
Food & Beverage Manufacturing: 506 employer businesses here. Typical sale multiple: 3.1x - 4.5x SDE.
Wood & Furniture Manufacturing: 474 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Medical & Chemical Manufacturing: 429 employer businesses here. Typical sale multiple: 4.5x - 8.0x EBITDA.
Printing & Plastics: 389 employer businesses here. Typical sale multiple: 2.9x - 4.9x SDE.
Electronics & Tech Manufacturing: 183 employer businesses here. Typical sale multiple: 4.0x - 7.5x EBITDA.
Construction Materials Manufacturing: 164 employer businesses here. Typical sale multiple: 2.5x - 5.0x EBITDA.
Textile & Apparel Manufacturing: 127 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Automotive & Boat
2,840 related employer businesses in Utah.
Auto Repair: 1,145 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.
Car Dealerships: 510 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.
Auto Parts: 475 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.
Collision Repair: 294 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Car Washes: 280 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.
Towing & Repo: 113 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.
Boat Dealerships: 16 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Marinas: 7 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.
Logistics & Transportation
2,716 related employer businesses in Utah.
General Freight Trucking: 1,816 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.
Warehousing & Fulfillment: 236 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Freight Brokerage & 3PL: 196 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Heavy Haul Transport: 184 employer businesses here. Typical sale multiple: 3.5x - 4.5x SDE.
Last-Mile & Courier: 180 employer businesses here. Typical sale multiple: 2.76x - 3.32x SDE.
Commercial Moving: 85 employer businesses here. Typical sale multiple: 1.5x - 3.0x SDE.
NEMT & Passenger Transport: 19 employer businesses here. Typical sale multiple: 2.1x - 3.1x SDE.
Port Drayage. Typical sale multiple: 2.5x - 3.5x SDE.
Home Services
2,369 related employer businesses in Utah.
Property Management: 1,041 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Residential Cleaning: 1,032 employer businesses here. Typical sale multiple: 1.5x - 2.6x SDE.
Commercial Cleaning: 1,032 employer businesses here. Typical sale multiple: 2.47x - 4.11x EBITDA.
Pest Control: 212 employer businesses here. Typical sale multiple: 2.34x - 2.90x SDE.
Security Systems: 84 employer businesses here. Typical sale multiple: 3.0x - 4.9x EBITDA.
Audio Visual (AV). Typical sale multiple: 3.0x - 5.0x EBITDA.
Junk Removal. Typical sale multiple: 1.5x - 3.0x SDE.
Pool & Spa Service. Typical sale multiple: 3.0x - 4.0x EBITDA.
Technology & Media
2,273 related employer businesses in Utah.
Digital Marketing Agencies: 571 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Creative Agencies: 566 employer businesses here. Typical sale multiple: 1.8x - 3.0x SDE.
Software Companies (SaaS): 418 employer businesses here. Typical sale multiple: 3.5x - 5.5x SDE.
Media, Film & Studio Production: 414 employer businesses here. Typical sale multiple: 2.2x - 3.5x SDE.
Real Estate Media: 304 employer businesses here. Typical sale multiple: 1.5x - 2.8x SDE.
E-commerce & Online Brands. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Beauty & Personal Care
1,787 related employer businesses in Utah.
Hair Salons: 959 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.
Day Spas: 463 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.
Tattoo Shops: 463 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Massage Parlors: 463 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Nail Salons: 260 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.
Barber Shops: 105 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.
Medical Spas. Typical sale multiple: 2.5x - 4.5x EBITDA.
Wholesale & Distribution
1,719 related employer businesses in Utah.
Industrial & Construction Supply: 759 employer businesses here. Typical sale multiple: 3.0x - 4.0x SDE.
Electronics, IT & Office Equipment Distribution: 316 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Food & Beverage Distribution: 241 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Medical, Dental & Pharmaceutical Distribution: 122 employer businesses here. Typical sale multiple: 3.5x - 4.5x EBITDA.
Chemicals, Plastics & Raw Materials Distribution: 114 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Consumer Goods & Apparel Distribution: 103 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Packaging, Paper & JanSan Distribution: 64 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Gas Stations & Convenience
994 related employer businesses in Utah.
Gas Stations: 813 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.
Convenience Stores: 181 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Truck Stops & Travel Centers. Typical sale multiple: 3.5x - 5.5x EBITDA + Real Estate.
Hospitality & Travel
955 related employer businesses in Utah.
Hotels: 636 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.
Motels: 636 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.
Transportation Services: 102 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.
Campgrounds & RV Parks: 93 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Travel Agencies: 93 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.
Bed & Breakfasts / Inns: 31 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Health & Fitness
824 related employer businesses in Utah.
Wellness & Recovery Centers: 457 employer businesses here. Typical sale multiple: 5.5x - 9.7x EBITDA.
Gyms & Health Clubs: 367 employer businesses here. Typical sale multiple: 2.44x - 2.93x SDE.
Yoga Studios: 367 employer businesses here. Typical sale multiple: 2.07x - 2.50x SDE.
Pilates Studios: 367 employer businesses here. Typical sale multiple: 2.10x - 3.00x SDE.
Personal Training Studios: 367 employer businesses here. Typical sale multiple: 2.00x - 2.80x SDE.
Education & Childcare
822 related employer businesses in Utah.
Daycare Centers: 745 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.
Tutoring Centers: 77 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Preschools. Typical sale multiple: 3.12x - 4.0x SDE.
Pharmacies & Medical Supply
760 related employer businesses in Utah.
Home Infusion: 282 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Compounding Pharmacies: 213 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Specialty Pharmacies: 213 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Durable Medical Equipment (DME): 150 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.
Medical Supply Retail: 115 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Energy & Utilities
705 related employer businesses in Utah.
Oil & Gas Services: 224 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA + Equipment.
Water & Wastewater Services: 199 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Waste Management & Recycling: 173 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Propane & Fuel Distribution: 80 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Solar & Renewable Energy: 29 employer businesses here. Typical sale multiple: 3.5x - 6.0x EBITDA.
Entertainment & Recreation
634 related employer businesses in Utah.
Outdoor Recreation: 336 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Bars & Pubs: 180 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Clubs & Lounges: 180 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.
Golf Courses: 46 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.
Arcades & FECs: 44 employer businesses here. Typical sale multiple: 2.1x - 3.6x SDE.
Bowling Alleys: 28 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.
Senior Care & Living
439 related employer businesses in Utah.
Non-Medical Home Care: 252 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Assisted Living Facilities: 146 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Senior Living Communities: 41 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Adult Day Services. Typical sale multiple: 2.5x - 4.0x SDE.
Pet Services
399 related employer businesses in Utah.
Pet Grooming & Spas: 315 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Boarding, Daycare & Training: 315 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Pet Retail & Specialty Supplies: 84 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE + Inventory.
Mobile & In-Home Pet Care. Typical sale multiple: 1.5x - 2.5x SDE + Fleet.
Land & Agriculture
6 related employer businesses in Utah.
Agricultural Labor Contracting: 6 employer businesses here. Typical sale multiple: 2.4x - 6.09x EBITDA.
Crop Production. Typical sale multiple: 4.5x - 6.69x EBITDA.
Livestock & Ranching. Typical sale multiple: 3.0x - 5.76x EBITDA.
Agribusiness & Infrastructure. Typical sale multiple: 5.2x - 10.3x EBITDA.
AgTech & Precision Ag. Typical sale multiple: 8.3x - 12.1x EBITDA.
Agri-Tourism & Lifestyle. Typical sale multiple: 2.51x - 4.54x SDE.
E-commerce & Online Businesses
Amazon FBA Businesses. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Online Marketplaces. Typical sale multiple: 3.5x - 6.0x SDE.
Metro areas in this state
Counties
Working with owners in Utah
Business Advisors of America works with owners who are selling a business in Utah. Contact us to talk about a sale.
FREQUENTLY ASKED QUESTIONS
Questions owners in Utah ask
How long does it take to sell a business in Utah?
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 Utah?
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 Utah
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