Businesses For Sale in New York, NY

New York, NY is a global hub for diverse industries and sectors, notably finance and banking with Wall Street standing as a prestigious global financial center. The city's other strong sectors include tech, biotech and real estate, underpinning its status as an attractive destination for both startups and established companies. In addition, NYC boasts a significant tourism industry, thanks to world-renowned attractions such as Times Square and Broadway. If you're considering buying or selling a business in New York, you may have some questions. Here are some frequently asked questions to help guide you through the local business market.

Market Snapshot

We examined data on business listings sold in New York City to reveal insights about the diverse array of businesses in the region. The dynamic business sales landscape continues to influence data trends. Our aim in presenting this data is to provide you with an in-depth look into different business sectors, pricing differentials, and financial aspects you may encounter.

How many businesses are for sale in New York, NY?

On average, around 230 businesses are currently listed for sale in New York City, NY, presenting diverse opportunities for potential buyers and sellers in the local market. Some listings may be confidential, requiring a thorough search not only within New York City but also throughout the greater New York City metro area, surrounding counties, and state searches to explore additional businesses for sale.

What types of businesses are for sale in New York?

The most common types of businesses for sale in New York include:

• Restaurants & Food Service: ~50 listings
• Service Businesses: ~40 listings
• Online and Technology: ~30 listings
• Retail Businesses: ~20 listings
• Health Care and Fitness: ~20 listings
• Beauty and Personal Care: ~20 listings

Additionally, the New York market also presents opportunities in Building and Construction, Manufacturing Businesses, Wholesale & Distribution, and Transportation and Storage industries, each with approximately 10 listings available. 

What is the average asking price for businesses in New York?

The median asking price for businesses for sale in New York is approximately $650,000. However, this can vary significantly based on the industry, size, and financial performance of the business.

What is the average revenue of these businesses?

Based on the listings, the median reported revenue for these businesses is about $1,100,000.

What is the average seller discretionary earnings?

The median reported earnings for business sellers in New York is around $240,000, with a profit margin of approximately 22%.

What are the average valuation multiples in New York's business sales market?

The average earnings multiple (asking) is at 2.7 times, and the revenue multiple (asking) is at 0.6 times. However, these multiples can vary greatly depending on the industry and financial performance of the business. It's essential to thoroughly research and understand the market and industry dynamics when valuing a business in New York.

How can New York business owners sell their own businesses?

Many business owners choose to work with a business broker, a professional who assists in the sale process by leveraging their expertise and network. On the other hand, some entrepreneurs prefer to list and manage the sale independently, taking on the responsibility of navigating the intricate process autonomously.