New City, NY
$100,000
New City, NY
$100,000
Kings County, NY
$399,000
Suffolk County, NY
$550,000
Monroe County, NY
$125,000
Brooklyn, NY
$180,005
Suffolk County, NY
$4,000,000
Bronx, NY
$105,000
Nassau County, NY
$49,000
Brooklyn, NY
$169,000
New York
$949,000
Available in New York
$100,000
Suffolk County, NY
$185,000
New York
$1,375,000
$1,750,000
Queens County, NY
Bayside, NY
$205,000
Staten Island, NY
$33,000
Dana Stetson
First Choice Business Brokers
Serving Westchester County, NY
First Choice Business Brokers has grown to become one of the largest organizations in the U.S. specializing in business sales. We have listed and managed the sale of over $12 billion in businesses for sale. Buyers and sellers alike can enjoy the accessibility and expertise of a national network of professional business brokers and the largest inventory of businesses available for sale.
Staten Island, NY
$34,500
Richmond County, NY
Suffolk County, NY
$440,000
Suffolk County, NY
$300,000
Brooklyn, NY
$200,000
Available in New York
$65,000
Suffolk County, NY
$1,600,000
Putnam County, NY
$675,000
$130,000
Buffalo, NY
Farmingdale, NY
$550,000
East Hampton, NY
$2,000,000
New York
$2,990,000
Nassau County, NY
$270,000
Bellmore, NY
$137,000
Albany County, NY
$255,000
Westbury, NY
$370,000
Available in New York
$25,000
New York, NY
$7,500,000
Depew, NY
$29,000
$18,000
Richmond County, NY
Buffalo, NY
$49,500
REAL ESTATE INCLUDED
Suffolk County, NY
$1,900,000
Available Nationwide
$25,000
Nassau County, NY
$430,000
East Moriches, NY
$1,200,000
Hudson, NY
$305,000
Bronx, NY
$1,450,000
Ossining, NY
$275,000
Simon Kim
RE/MAX NOW
Serving New York County, NY
Fresh Meadows, NY
$135,000
New York
$5,000,000
$189,000
Selden, NY
Suffolk County, NY
$2,700,000
New York
Available in New York
$50,000
Suffolk County, NY
$299,000
Syracuse, NY
$299,900
Holbrook, NY
$375,000
Brooklyn, NY
$330,000
Tonawanda, NY
$60,000
Nassau County, NY
$175,000
Tompkins County, NY
$850,000
Woodside, NY
$160,000
Nassau County, NY
$249,000
Available Nationwide
$30,000
For those in the market to buy or sell a service business in New York, it’s crucial to gain an understanding of how the market values these businesses, and what average financial performance looks like. To that end, we have aggregated listings data to surface current valuation multiples and typical financials of New York service businesses.
Market Overview
Number of Businesses Analyzed |
284 |
Median Asking Price |
$482,500 |
Median Reported Revenue |
$533,398 |
Median Reported Earnings |
$181,263 |
Financials based on businesses that listed an asking price, annual revenue, and seller's discretionary earnings. |
New York Service Business Valuation Multiples
Range |
Revenue |
Earnings (SDE) |
Lower Quartile |
0.57 |
2.00 |
Median |
0.95 |
3.02 |
Upper Quartile |
1.49 |
4.20 |
Revenue and earnings multiples based on reported revenue, seller's discretionary earnings, and asking price. |
Read the Report:
Service Business Valuation Metrics & Financial Benchmarks
FAQs
How much does it cost to buy a service business in New York?
Prices vary depending on sales volume and financial performance, but the median asking price for a service business in New York is approximately $482,500.
How much do service business owners earn?
These businesses vary in sales volume, but New York service business owners report median annual sales of $533,398 and annual owner earnings of $181,263. These figures are based on businesses that have listed their annual revenue and seller's discretionary earnings.
How do I value a service business?
Valuing a service business involves considering several factors, including annual revenue, profit, owner earnings, growth (or decline) trends, and historical stability. Brokers, business owners, and business buyers will typically rely on valuation multiples to gauge business value relative to similar businesses in the market. Revenue multiples of service businesses in New York range from 0.57 to 1.49, with the median at 0.95. Earnings multiples range from 2.00 to 4.20, with the median at 3.02. These values indicate that a typical service business in New York may sell for around 0.95 times its annual revenue, and 3.02 times its annual owner’s earnings.
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