Businesses For Sale in New York

The business landscape in New York is constantly evolving, making it a prime location for buying or selling a business. The state's economy is massive, and its diverse industries offer plenty of opportunities for entrepreneurs and investors.

Market Snapshot

We have aggregated and analyzed business for sale listing data in New York to provide some context on the market for buying and selling small businesses.

Major Metro Areas

• Albany Metro Area
• Buffalo Metro Area
• Elmira-Corning Area
• Glens Falls Metro Area
• New York City Metro Area
• Rochester Metro Area
• Syracuse-Auburn Metro Area
• Utica-Rome Area

How many businesses are for sale in New York State?

Currently, there are approximately 2,300 businesses listed for sale across New York State. This number reflects a dynamic market for potential buyers and sellers.

What types of businesses are most commonly for sale in New York?

The most commonly listed businesses for sale include:

• Food and Restaurants: around 610 available
• Service Businesses: around 360 available
• Retail Businesses: roughly 240 available
• Automotive and Boat Services: around 180 listed
• Health Care and Fitness: approximately 140 for sale
• Building and Construction: around 130 listed
• Manufacturing: about 110 available
• Beauty and Personal Care businesses: approximately 110 for sale
• Online and Technology Businesses: close to 60 listed
• Transportation and Storage Services: around 40 on the market
• Wholesale & Distribution: roughly 40 available

In which cities are most businesses listed for sale?

Businesses often list without specific location to maintain confidentiality, but the following cities were the most commonly used locations:

• New York City and Brooklyn: about 220 listings each
• Rochester and The Bronx: around 80 each
• Queens and Staten Island: approximately 60 each
• Buffalo: about 40 listings
• Syracuse and Poughkeepsie: around 30 each

What is the average asking price for businesses on sale?

The median asking price for businesses listed for sale in New York State is approximately $480,000.

What is the average revenue and earnings of these businesses?

The median reported revenue for the listed businesses is around $880,000, with median owner discretionary earnings being approximately $190,000. This indicates a profit margin of about 22%.

What are the average valuation multiples for New York businesses?

On average, businesses are listed with an earnings multiple of 2.5 times and a revenue multiple of 0.5 times the asking price.

How can New York business owners sell their own businesses?

While most small business owners elect to work with an experienced business broker to handle the complexities of pricing, marketing, and negotiating a business sale, some owners decide to take on this challenging task themselves. By choosing to sell independently, they can list the business for sale on their own and manage the entire sale process, effectively saving on broker fees. However, it should be noted that a successful sale typically requires extensive knowledge of the transaction process, market conditions, and legal considerations.