Selling a Business in Wyoming
Selling a business in Wyoming means pricing it correctly, preparing the records a buyer will ask for and finding a buyer who can pay and close. Wyoming has 23,865 employer businesses and about 69,927 more with no employees. This page covers the numbers, the steps and what buyers look for.
LOCAL SNAPSHOT
Wyoming by the numbers
23,865
23,865
EMPLOYER BUSINESSES
91%
91%
SMALL EMPLOYER SHARE
69,927
69,927
BUSINESSES WITH NO EMPLOYEES
212,203
212,203
EMPLOYMENT
$12.4 billion
$12.4 billion
ANNUAL PAYROLL
8,369
8,369
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 Wyoming compares
Wyoming ranks 48th among the 50 states and the District of Columbia for employer businesses.
The number of employer businesses grew 11.9% between 2018 and 2023.
Construction makes up 12% of employer businesses in Wyoming, compared with 10% nationwide.
8,369 employer businesses here have 5 to 49 employees.
Wyoming ranks 48th among the 50 states and the District of Columbia for employer businesses.
The number of employer businesses grew 11.9% between 2018 and 2023.
Construction makes up 12% of employer businesses in Wyoming, compared with 10% nationwide.
8,369 employer businesses here have 5 to 49 employees.
How a sale works in Wyoming
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 Wyoming
Sales tax and the buyer's liability
Wyoming law says a vendor who discontinues the business or sells its stock of goods makes a final sales tax return and payment within thirty days. The buyer shall withhold from the purchase price enough to cover any tax, penalty or interest due until the seller produces a Department of Revenue receipt or a certificate that no taxes are due. A buyer who fails to withhold is liable for that amount, which is called successor liability. Source: Wyoming Legislature statute text, Wyoming Statutes 39-15-107(a)(vi)
Unemployment insurance account
Wyoming law says a person who acquires the trade, organization, business or substantially all the assets of an employer takes over that employer's unemployment insurance account, benefit experience and contribution rate. If the buyer is already a Wyoming employer, the Department of Workforce Services combines the two accounts and sets the buyer's rate from the first day of the calendar quarter after the purchase. Source: Wyoming Legislature statute text, Wyoming Statutes 27-3-507
These points come from official Wyoming 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 Wyoming
Sales tax and the buyer's liability
Wyoming law says a vendor who discontinues the business or sells its stock of goods makes a final sales tax return and payment within thirty days. The buyer shall withhold from the purchase price enough to cover any tax, penalty or interest due until the seller produces a Department of Revenue receipt or a certificate that no taxes are due. A buyer who fails to withhold is liable for that amount, which is called successor liability. Source: Wyoming Legislature statute text, Wyoming Statutes 39-15-107(a)(vi)
Unemployment insurance account
Wyoming law says a person who acquires the trade, organization, business or substantially all the assets of an employer takes over that employer's unemployment insurance account, benefit experience and contribution rate. If the buyer is already a Wyoming employer, the Department of Workforce Services combines the two accounts and sets the buyer's rate from the first day of the calendar quarter after the purchase. Source: Wyoming Legislature statute text, Wyoming Statutes 27-3-507
These points come from official Wyoming 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 Wyoming
Professional and technical services, construction, retail, health care and social assistance
Every kind of business we sell in Wyoming
We sell businesses in every one of these industries in Wyoming. 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
3,134 related employer businesses in Wyoming.
General Contracting: 938 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Foundation & Site Prep: 402 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Interior Finishing: 340 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Landscaping: 339 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Plumbing: 315 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 315 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.
Electrical: 305 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Civil Engineering: 238 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.
Roofing & Siding: 117 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Carpentry & Framing: 58 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Masonry: 54 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.
Remediation & Restoration: 28 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Financial & Professional Services
1,442 related employer businesses in Wyoming.
Real Estate Brokerages: 447 employer businesses here. Typical sale multiple: 2.5x - 4.5x SDE.
Accounting & Tax Practices: 369 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Insurance Agencies: 343 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.
Wealth Management: 207 employer businesses here. Typical sale multiple: 2.7x - 4.0x Recurring Revenue.
Private Lending: 59 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Mortgage Brokerages: 17 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Restaurants & Food
1,318 related employer businesses in Wyoming.
Full-Service Restaurants: 528 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Quick-Service & Fast Food: 398 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Coffee Shops: 182 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Grocery Stores & Markets: 93 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Liquor, Wine & Beer Stores: 83 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Bakeries: 34 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Ghost Kitchens. Typical sale multiple: 2.0x - 3.0x SDE.
Medical Practices
1,215 related employer businesses in Wyoming.
Primary & Family Care: 324 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE.
Dental Practices: 232 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Physical Therapy & Rehab: 177 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Mental & Behavioral Health: 169 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Veterinary Medicine: 113 employer businesses here. Typical sale multiple: 6.0x - 9.0x EBITDA.
Home Health & Hospice: 64 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Vision & Eye Care: 63 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Medical Labs & Imaging: 35 employer businesses here. Typical sale multiple: 4.5x - 6.5x EBITDA.
Urgent Care Clinics: 25 employer businesses here. Typical sale multiple: 4.0x - 6.0x EBITDA.
Specialty Medicine: 13 employer businesses here. Typical sale multiple: 5.0x - 7.0x EBITDA.
Retail Stores
943 related employer businesses in Wyoming.
Hardware, Garden & Building: 267 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Fashion, Apparel & Jewelry: 197 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE + Inventory.
Health, Beauty & Pharmacy: 138 employer businesses here. Typical sale multiple: 2.8x - 4.2x EBITDA.
Home Decor & Furniture: 111 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE + Inventory.
Sporting Goods & Firearms: 93 employer businesses here. Typical sale multiple: 2.3x - 3.4x SDE.
Hobby, Toys & Gift Shops: 76 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE + Inventory.
Electronics & Repair: 61 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Logistics & Transportation
860 related employer businesses in Wyoming.
General Freight Trucking: 659 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.
Heavy Haul Transport: 75 employer businesses here. Typical sale multiple: 3.5x - 4.5x SDE.
Last-Mile & Courier: 50 employer businesses here. Typical sale multiple: 2.76x - 3.32x SDE.
Freight Brokerage & 3PL: 24 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Commercial Moving: 24 employer businesses here. Typical sale multiple: 1.5x - 3.0x SDE.
Warehousing & Fulfillment: 24 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
NEMT & Passenger Transport: 4 employer businesses here. Typical sale multiple: 2.1x - 3.1x SDE.
Port Drayage. Typical sale multiple: 2.5x - 3.5x SDE.
Automotive & Boat
747 related employer businesses in Wyoming.
Auto Repair: 289 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.
Auto Parts: 130 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.
Car Dealerships: 114 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.
Collision Repair: 98 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Car Washes: 60 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.
Towing & Repo: 46 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.
Boat Dealerships: 6 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Marinas: 4 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.
Energy & Utilities
588 related employer businesses in Wyoming.
Oil & Gas Services: 362 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA + Equipment.
Propane & Fuel Distribution: 86 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Water & Wastewater Services: 82 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Waste Management & Recycling: 45 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Solar & Renewable Energy: 13 employer businesses here. Typical sale multiple: 3.5x - 6.0x EBITDA.
Hospitality & Travel
493 related employer businesses in Wyoming.
Hotels: 383 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.
Motels: 383 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.
Campgrounds & RV Parks: 48 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Travel Agencies: 26 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.
Transportation Services: 24 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.
Bed & Breakfasts / Inns: 12 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Wholesale & Distribution
484 related employer businesses in Wyoming.
Industrial & Construction Supply: 249 employer businesses here. Typical sale multiple: 3.0x - 4.0x SDE.
Food & Beverage Distribution: 89 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Chemicals, Plastics & Raw Materials Distribution: 58 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Electronics, IT & Office Equipment Distribution: 45 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Medical, Dental & Pharmaceutical Distribution: 16 employer businesses here. Typical sale multiple: 3.5x - 4.5x EBITDA.
Packaging, Paper & JanSan Distribution: 15 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Consumer Goods & Apparel Distribution: 12 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Manufacturing
477 related employer businesses in Wyoming.
Metal Fabrication: 123 employer businesses here. Typical sale multiple: 3.2x - 4.2x SDE.
Food & Beverage Manufacturing: 102 employer businesses here. Typical sale multiple: 3.1x - 4.5x SDE.
Wood & Furniture Manufacturing: 59 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Construction Materials Manufacturing: 55 employer businesses here. Typical sale multiple: 2.5x - 5.0x EBITDA.
Medical & Chemical Manufacturing: 53 employer businesses here. Typical sale multiple: 4.5x - 8.0x EBITDA.
Printing & Plastics: 45 employer businesses here. Typical sale multiple: 2.9x - 4.9x SDE.
Textile & Apparel Manufacturing: 24 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Electronics & Tech Manufacturing: 16 employer businesses here. Typical sale multiple: 4.0x - 7.5x EBITDA.
Home Services
442 related employer businesses in Wyoming.
Residential Cleaning: 257 employer businesses here. Typical sale multiple: 1.5x - 2.6x SDE.
Commercial Cleaning: 257 employer businesses here. Typical sale multiple: 2.47x - 4.11x EBITDA.
Property Management: 149 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Pest Control: 22 employer businesses here. Typical sale multiple: 2.34x - 2.90x SDE.
Security Systems: 14 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.
Entertainment & Recreation
385 related employer businesses in Wyoming.
Outdoor Recreation: 189 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Bars & Pubs: 142 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Clubs & Lounges: 142 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.
Golf Courses: 35 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.
Bowling Alleys: 11 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.
Arcades & FECs: 8 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.
Gas Stations & Convenience
350 related employer businesses in Wyoming.
Gas Stations: 325 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.
Convenience Stores: 25 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.
Technology & Media
344 related employer businesses in Wyoming.
Digital Marketing Agencies: 95 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Media, Film & Studio Production: 85 employer businesses here. Typical sale multiple: 2.2x - 3.5x SDE.
Software Companies (SaaS): 62 employer businesses here. Typical sale multiple: 3.5x - 5.5x SDE.
Creative Agencies: 55 employer businesses here. Typical sale multiple: 1.8x - 3.0x SDE.
Real Estate Media: 47 employer businesses here. Typical sale multiple: 1.5x - 2.8x SDE.
E-commerce & Online Brands. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Education & Childcare
256 related employer businesses in Wyoming.
Daycare Centers: 245 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.
Tutoring Centers: 11 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Preschools. Typical sale multiple: 3.12x - 4.0x SDE.
Beauty & Personal Care
200 related employer businesses in Wyoming.
Hair Salons: 127 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.
Day Spas: 45 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.
Tattoo Shops: 45 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Massage Parlors: 45 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Nail Salons: 23 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.
Barber Shops: 5 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.
Medical Spas. Typical sale multiple: 2.5x - 4.5x EBITDA.
Pharmacies & Medical Supply
179 related employer businesses in Wyoming.
Home Infusion: 64 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Compounding Pharmacies: 53 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Specialty Pharmacies: 53 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Durable Medical Equipment (DME): 39 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.
Medical Supply Retail: 23 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Senior Care & Living
160 related employer businesses in Wyoming.
Non-Medical Home Care: 122 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Assisted Living Facilities: 34 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Senior Living Communities: 4 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Adult Day Services. Typical sale multiple: 2.5x - 4.0x SDE.
Health & Fitness
155 related employer businesses in Wyoming.
Gyms & Health Clubs: 90 employer businesses here. Typical sale multiple: 2.44x - 2.93x SDE.
Yoga Studios: 90 employer businesses here. Typical sale multiple: 2.07x - 2.50x SDE.
Pilates Studios: 90 employer businesses here. Typical sale multiple: 2.10x - 3.00x SDE.
Personal Training Studios: 90 employer businesses here. Typical sale multiple: 2.00x - 2.80x SDE.
Wellness & Recovery Centers: 65 employer businesses here. Typical sale multiple: 5.5x - 9.7x EBITDA.
Pet Services
86 related employer businesses in Wyoming.
Pet Grooming & Spas: 64 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Boarding, Daycare & Training: 64 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Pet Retail & Specialty Supplies: 22 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.
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.
Land & Agriculture
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.
We sell businesses in every one of these industries in Wyoming. 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
3,134 related employer businesses in Wyoming.
General Contracting: 938 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Foundation & Site Prep: 402 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Fleet.
Interior Finishing: 340 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Landscaping: 339 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Plumbing: 315 employer businesses here. Typical sale multiple: 3.5x - 5.0x SDE.
HVAC Services: 315 employer businesses here. Typical sale multiple: 4.6x - 7.0x EBITDA.
Electrical: 305 employer businesses here. Typical sale multiple: 4.0x - 8.0x EBITDA.
Civil Engineering: 238 employer businesses here. Typical sale multiple: 7.0x - 11.0x EBITDA.
Roofing & Siding: 117 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Carpentry & Framing: 58 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Masonry: 54 employer businesses here. Typical sale multiple: 2.5x - 4.0x EBITDA + Equipment.
Remediation & Restoration: 28 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Financial & Professional Services
1,442 related employer businesses in Wyoming.
Real Estate Brokerages: 447 employer businesses here. Typical sale multiple: 2.5x - 4.5x SDE.
Accounting & Tax Practices: 369 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Insurance Agencies: 343 employer businesses here. Typical sale multiple: 6.0x - 8.0x EBITDA.
Wealth Management: 207 employer businesses here. Typical sale multiple: 2.7x - 4.0x Recurring Revenue.
Private Lending: 59 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Mortgage Brokerages: 17 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Restaurants & Food
1,318 related employer businesses in Wyoming.
Full-Service Restaurants: 528 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Quick-Service & Fast Food: 398 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Coffee Shops: 182 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Grocery Stores & Markets: 93 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Liquor, Wine & Beer Stores: 83 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE + Inventory.
Bakeries: 34 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Ghost Kitchens. Typical sale multiple: 2.0x - 3.0x SDE.
Medical Practices
1,215 related employer businesses in Wyoming.
Primary & Family Care: 324 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE.
Dental Practices: 232 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Physical Therapy & Rehab: 177 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Mental & Behavioral Health: 169 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE.
Veterinary Medicine: 113 employer businesses here. Typical sale multiple: 6.0x - 9.0x EBITDA.
Home Health & Hospice: 64 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Vision & Eye Care: 63 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Medical Labs & Imaging: 35 employer businesses here. Typical sale multiple: 4.5x - 6.5x EBITDA.
Urgent Care Clinics: 25 employer businesses here. Typical sale multiple: 4.0x - 6.0x EBITDA.
Specialty Medicine: 13 employer businesses here. Typical sale multiple: 5.0x - 7.0x EBITDA.
Retail Stores
943 related employer businesses in Wyoming.
Hardware, Garden & Building: 267 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE + Inventory.
Fashion, Apparel & Jewelry: 197 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE + Inventory.
Health, Beauty & Pharmacy: 138 employer businesses here. Typical sale multiple: 2.8x - 4.2x EBITDA.
Home Decor & Furniture: 111 employer businesses here. Typical sale multiple: 2.2x - 3.2x SDE + Inventory.
Sporting Goods & Firearms: 93 employer businesses here. Typical sale multiple: 2.3x - 3.4x SDE.
Hobby, Toys & Gift Shops: 76 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE + Inventory.
Electronics & Repair: 61 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Logistics & Transportation
860 related employer businesses in Wyoming.
General Freight Trucking: 659 employer businesses here. Typical sale multiple: 2.44x - 3.45x SDE.
Heavy Haul Transport: 75 employer businesses here. Typical sale multiple: 3.5x - 4.5x SDE.
Last-Mile & Courier: 50 employer businesses here. Typical sale multiple: 2.76x - 3.32x SDE.
Freight Brokerage & 3PL: 24 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Commercial Moving: 24 employer businesses here. Typical sale multiple: 1.5x - 3.0x SDE.
Warehousing & Fulfillment: 24 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
NEMT & Passenger Transport: 4 employer businesses here. Typical sale multiple: 2.1x - 3.1x SDE.
Port Drayage. Typical sale multiple: 2.5x - 3.5x SDE.
Automotive & Boat
747 related employer businesses in Wyoming.
Auto Repair: 289 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE.
Auto Parts: 130 employer businesses here. Typical sale multiple: 2.5x - 3.2x SDE + Inventory.
Car Dealerships: 114 employer businesses here. Typical sale multiple: 2x - 8x Blue Sky + Assets.
Collision Repair: 98 employer businesses here. Typical sale multiple: 3.5x - 5.0x EBITDA.
Car Washes: 60 employer businesses here. Typical sale multiple: 4.5x - 7.0x EBITDA.
Towing & Repo: 46 employer businesses here. Typical sale multiple: 3.0x - 4.0x EBITDA + Fleet.
Boat Dealerships: 6 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Marinas: 4 employer businesses here. Typical sale multiple: Cap Rate or 4.0x - 7.0x EBITDA.
Energy & Utilities
588 related employer businesses in Wyoming.
Oil & Gas Services: 362 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA + Equipment.
Propane & Fuel Distribution: 86 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Water & Wastewater Services: 82 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Waste Management & Recycling: 45 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Assets.
Solar & Renewable Energy: 13 employer businesses here. Typical sale multiple: 3.5x - 6.0x EBITDA.
Hospitality & Travel
493 related employer businesses in Wyoming.
Hotels: 383 employer businesses here. Typical sale multiple: 2.6x - 5.1x EBITDA.
Motels: 383 employer businesses here. Typical sale multiple: 1.1x - 2.5x SDE.
Campgrounds & RV Parks: 48 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA.
Travel Agencies: 26 employer businesses here. Typical sale multiple: 2.3x - 3.2x SDE.
Transportation Services: 24 employer businesses here. Typical sale multiple: 2.0x - 4.1x SDE.
Bed & Breakfasts / Inns: 12 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Wholesale & Distribution
484 related employer businesses in Wyoming.
Industrial & Construction Supply: 249 employer businesses here. Typical sale multiple: 3.0x - 4.0x SDE.
Food & Beverage Distribution: 89 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Chemicals, Plastics & Raw Materials Distribution: 58 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Electronics, IT & Office Equipment Distribution: 45 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Medical, Dental & Pharmaceutical Distribution: 16 employer businesses here. Typical sale multiple: 3.5x - 4.5x EBITDA.
Packaging, Paper & JanSan Distribution: 15 employer businesses here. Typical sale multiple: 2.5x - 3.5x SDE.
Consumer Goods & Apparel Distribution: 12 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE + Inventory.
Manufacturing
477 related employer businesses in Wyoming.
Metal Fabrication: 123 employer businesses here. Typical sale multiple: 3.2x - 4.2x SDE.
Food & Beverage Manufacturing: 102 employer businesses here. Typical sale multiple: 3.1x - 4.5x SDE.
Wood & Furniture Manufacturing: 59 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Construction Materials Manufacturing: 55 employer businesses here. Typical sale multiple: 2.5x - 5.0x EBITDA.
Medical & Chemical Manufacturing: 53 employer businesses here. Typical sale multiple: 4.5x - 8.0x EBITDA.
Printing & Plastics: 45 employer businesses here. Typical sale multiple: 2.9x - 4.9x SDE.
Textile & Apparel Manufacturing: 24 employer businesses here. Typical sale multiple: 2.5x - 3.8x SDE.
Electronics & Tech Manufacturing: 16 employer businesses here. Typical sale multiple: 4.0x - 7.5x EBITDA.
Home Services
442 related employer businesses in Wyoming.
Residential Cleaning: 257 employer businesses here. Typical sale multiple: 1.5x - 2.6x SDE.
Commercial Cleaning: 257 employer businesses here. Typical sale multiple: 2.47x - 4.11x EBITDA.
Property Management: 149 employer businesses here. Typical sale multiple: 3.0x - 4.5x SDE.
Pest Control: 22 employer businesses here. Typical sale multiple: 2.34x - 2.90x SDE.
Security Systems: 14 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.
Entertainment & Recreation
385 related employer businesses in Wyoming.
Outdoor Recreation: 189 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Bars & Pubs: 142 employer businesses here. Typical sale multiple: 2.0x - 4.0x SDE.
Clubs & Lounges: 142 employer businesses here. Typical sale multiple: 3.0x - 6.0x EBITDA.
Golf Courses: 35 employer businesses here. Typical sale multiple: 8.0x - 11.0x EBITDA.
Bowling Alleys: 11 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.
Arcades & FECs: 8 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.
Gas Stations & Convenience
350 related employer businesses in Wyoming.
Gas Stations: 325 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA + Real Estate.
Convenience Stores: 25 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.
Technology & Media
344 related employer businesses in Wyoming.
Digital Marketing Agencies: 95 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Media, Film & Studio Production: 85 employer businesses here. Typical sale multiple: 2.2x - 3.5x SDE.
Software Companies (SaaS): 62 employer businesses here. Typical sale multiple: 3.5x - 5.5x SDE.
Creative Agencies: 55 employer businesses here. Typical sale multiple: 1.8x - 3.0x SDE.
Real Estate Media: 47 employer businesses here. Typical sale multiple: 1.5x - 2.8x SDE.
E-commerce & Online Brands. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Education & Childcare
256 related employer businesses in Wyoming.
Daycare Centers: 245 employer businesses here. Typical sale multiple: 2.39x - 3.35x SDE.
Tutoring Centers: 11 employer businesses here. Typical sale multiple: 2.0x - 3.5x SDE.
Preschools. Typical sale multiple: 3.12x - 4.0x SDE.
Beauty & Personal Care
200 related employer businesses in Wyoming.
Hair Salons: 127 employer businesses here. Typical sale multiple: 1.25x - 2.34x SDE.
Day Spas: 45 employer businesses here. Typical sale multiple: 1.8x - 2.8x SDE.
Tattoo Shops: 45 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Massage Parlors: 45 employer businesses here. Typical sale multiple: 1.5x - 2.5x SDE.
Nail Salons: 23 employer businesses here. Typical sale multiple: 1.4x - 1.88x SDE.
Barber Shops: 5 employer businesses here. Typical sale multiple: 1.5x - 2.25x SDE.
Medical Spas. Typical sale multiple: 2.5x - 4.5x EBITDA.
Pharmacies & Medical Supply
179 related employer businesses in Wyoming.
Home Infusion: 64 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Compounding Pharmacies: 53 employer businesses here. Typical sale multiple: 3.5x - 5.5x EBITDA.
Specialty Pharmacies: 53 employer businesses here. Typical sale multiple: 4.0x - 6.5x EBITDA.
Durable Medical Equipment (DME): 39 employer businesses here. Typical sale multiple: 3.0x - 5.0x EBITDA.
Medical Supply Retail: 23 employer businesses here. Typical sale multiple: 2.5x - 4.0x SDE + Inventory.
Senior Care & Living
160 related employer businesses in Wyoming.
Non-Medical Home Care: 122 employer businesses here. Typical sale multiple: 3.0x - 5.0x SDE.
Assisted Living Facilities: 34 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Senior Living Communities: 4 employer businesses here. Typical sale multiple: 4.0x - 7.0x EBITDA + Real Estate.
Adult Day Services. Typical sale multiple: 2.5x - 4.0x SDE.
Health & Fitness
155 related employer businesses in Wyoming.
Gyms & Health Clubs: 90 employer businesses here. Typical sale multiple: 2.44x - 2.93x SDE.
Yoga Studios: 90 employer businesses here. Typical sale multiple: 2.07x - 2.50x SDE.
Pilates Studios: 90 employer businesses here. Typical sale multiple: 2.10x - 3.00x SDE.
Personal Training Studios: 90 employer businesses here. Typical sale multiple: 2.00x - 2.80x SDE.
Wellness & Recovery Centers: 65 employer businesses here. Typical sale multiple: 5.5x - 9.7x EBITDA.
Pet Services
86 related employer businesses in Wyoming.
Pet Grooming & Spas: 64 employer businesses here. Typical sale multiple: 2.0x - 3.0x SDE.
Boarding, Daycare & Training: 64 employer businesses here. Typical sale multiple: 3.0x - 4.5x EBITDA.
Pet Retail & Specialty Supplies: 22 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.
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.
Land & Agriculture
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.
Working with owners in Wyoming
Business Advisors of America works with owners who are selling a business in Wyoming. Contact us to talk about a sale.
FREQUENTLY ASKED QUESTIONS
Questions owners in Wyoming ask
How long does it take to sell a business in Wyoming?
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 Wyoming?
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 Wyoming
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