How should you use a state page?

Open the sell URL if you own the plant and the buy URL if you are writing a buybox. Both sit under the nationwide pillars — sell my manufacturing business and buy a manufacturing business. How it works is still the process spine. Valuation is still size-band math.

Each state page may quote the CBP 2023 rank, establishment count, employment, average employees per establishment, under-20 share, and 500+ share. It may quote the five statute cells: environmental transfer / ISRA-style, sales tax on machinery, bulk / successor tax, mini-WARN, and broker-license posture. It may not invent a NAICS split, a union-density percent, a state wage, or a “what plants trade at here” turn.

The city directory holds sixty metro overlays. A city name in a teaser is a sourcing label, not a multiple. Do not invent a metro CBP count. Open the metro page when the teaser named a city. Open the state page when you need the statute cells and the parent CBP row.

A seller who is three years out should stay on the exit-planning guide until the recast and the machine list exist. A buyer who has not written a process line should stay on buy a manufacturing business until the buybox is boring enough to source against. Opening California because it has 35,300 shops, or Alaska because it has 576, is not a strategy. Those counts are maps. They are not mandates to tour.

What the CBP state file actually changes

Establishment count is a sourcing map. Employment and average headcount tell you whether the typical employer location is a ten-person shop or a sixty-person plant. Under-20 share and 500+ share keep you from treating Florida’s 25.0 average the same way you treat Mississippi’s 73.8 or Kentucky’s 70.1.

The national file still says 68.4% of manufacturing establishments have fewer than 20 employees. Some states sit well above that small-shop share — Alaska 86.5%, Montana 83.6%, Wyoming 83.2%, Hawaii 82.6%. Others sit well below it — Wisconsin 56.9%, Indiana 57.9%, Kentucky 59.4%. That is a process-design fact. It is not a reason to invent a small-state discount or a large-plant premium.

Arkansas shows the highest 500+ establishment share in the tabulated file at 3.05%, then Kentucky 2.62%, Alabama 2.44%, and Mississippi 2.42%. Those cells describe concentration of large locations. They do not name a buyer and they do not set EBITDA.

CBP 2023 markerExample cellsWhat the state page may say
Establishment rankCA 35,300; TX 21,034; AK 576Rank and count, cited to Census
Average employeesFL 25.0; MS 73.8; MT 15.7Typical employer-location scale
Under-20 shareWI 56.9%; AK 86.5%How shop-heavy the file is
500+ shareAR 3.05%; several 0% cellsWhether large plants are common
National backdrop284,452; 68.4% under 20Context, not a local turn

BizBuySell’s manufacturing median remains 2.75x SDE on the 2021–2025 sold set, with a 223-day median close in the 2025 review (Source: BizBuySell). SBA 7(a) remains a $5 million box with a 10% change-of-ownership injection under SOP 50 10 8 (Source: SBA). Those prints travel. State pages do not replace them.

Statute cells that actually differ

State environmental transfer laws and business-broker licensing by state are the long briefings. This directory only flags which sell page owns the overlay.

New Jersey ISRA, Connecticut’s Transfer Act / Property Transfer Program, and Indiana’s Responsible Property Transfer Law are the transfer-act style clocks in the 2026 table. California is disclosure plus cleanup, not an ISRA clone. Massachusetts MCP is also not an ISRA clone. Phase I still follows All Appropriate Inquiries (Source: EPA / 40 C.F.R. Part 312).

Successor sales-tax / clearance cells are flagged for California, Illinois, New Jersey, New York, and Pennsylvania. Occasional-sale treatment of a bulk machinery transfer is a different statute from a purchase exemption on new equipment. A CPA in the closing state owns both sentences.

Mini-WARN listings include California (Cal-WARN, 75 — confirm), New York (50 full-time, 90 days), New Jersey (90-day plus severance), plus Delaware, Hawaii, Illinois, Iowa, Maine, Maryland, New Hampshire, Ohio, Tennessee, Vermont, Washington, and Wisconsin in the 2026 compilation. Federal WARN remains 100 full-time employees and 60 days (29 U.S.C. § 2101). WARN is the federal page. Do not copy a neighbor’s headcount onto a state that only says “listed.”

License posture is a compilation, not a substitute for counsel. Illinois registers under the Business Brokers Act. Arizona and Florida briefings treat business opportunities or business enterprises inside the broker definition. California cites Business & Professions Code coverage. Several states are “listed as a license state” or “often tied to whether real estate transfers.” Jason Taken is a business broker. Conveying the plant still needs a properly licensed real-estate broker for that piece.

Directory — sell and buy by state

Use the sell column if you own the file. Use the buy column if you are writing a buybox. Every state pair uses the same CBP table and the same statute cells.

StateCBP 2023 establishmentsSellBuy
Alabama4,145SellBuy
Alaska576SellBuy
Arizona4,406SellBuy
Arkansas2,526SellBuy
California35,300SellBuy
Colorado5,031SellBuy
Connecticut3,735SellBuy
Delaware660SellBuy
Florida14,341SellBuy
Georgia7,874SellBuy
Hawaii723SellBuy
Idaho2,114SellBuy
Illinois12,465SellBuy
Indiana7,938SellBuy
Iowa3,418SellBuy
Kansas2,677SellBuy
Kentucky3,669SellBuy
Louisiana3,044SellBuy
Maine1,700SellBuy
Maryland2,838SellBuy
Massachusetts5,920SellBuy
Michigan12,192SellBuy
Minnesota6,718SellBuy
Mississippi1,981SellBuy
Missouri5,460SellBuy
Montana1,393SellBuy
Nebraska1,761SellBuy
Nevada2,043SellBuy
New Hampshire1,741SellBuy
New Jersey7,018SellBuy
New Mexico1,266SellBuy
New York13,837SellBuy
North Carolina8,664SellBuy
North Dakota695SellBuy
Ohio13,307SellBuy
Oklahoma3,247SellBuy
Oregon5,231SellBuy
Pennsylvania13,231SellBuy
Rhode Island1,188SellBuy
South Carolina4,006SellBuy
South Dakota1,034SellBuy
Tennessee5,787SellBuy
Texas21,034SellBuy
Utah3,665SellBuy
Vermont1,005SellBuy
Virginia5,019SellBuy
Washington6,586SellBuy
West Virginia1,060SellBuy
Wisconsin8,479SellBuy
Wyoming600SellBuy

District of Columbia is in the CBP state file (104 establishments) and does not get a page on this site.

If two states share a qualitative cluster — auto in Indiana and Kentucky, food in Wisconsin and Iowa, aerospace in Washington and Connecticut — they still do not share a closing checklist. Mini-WARN, successor tax, and transfer-act cells attach to the plant’s address. A buyer who underwrites a Greenville tire supplier with a Detroit playbook will miss the South Carolina overlay. A seller who copies a New Jersey ISRA calendar onto a Massachusetts MCP file will invent a clock.

Jason Taken is a business broker. Conveying dirt still needs a licensed real-estate broker in the closing state. HedgeStone will not invent a listing to fill a thin CBP cell. The intro call is the conversion path once the sell or buy page for that state has been read.

Phase I still follows All Appropriate Inquiries even in states whose environmental-transfer cell is N (Source: EPA / 40 C.F.R. Part 312). The directory is a map to the overlay. It is not a substitute for counsel, a CPA, or a lender in the closing state. National size-band math stays on manufacturing business valuation. Federal workforce notice stays on WARN.

What this directory will not do

It will not publish invented listings. It will not name private-equity firms. It will not turn a PMI print into a state premium. It will not treat “listed as a license state” as a substitute for counsel. Educational information only. Confirm legal, tax, environmental, and licensing questions locally.

How you use the table is simple. Sort by establishment count if you want a sourcing map. Sort by the sell or buy column if you already know the closing state. Do not sort by a hoped-for multiple. There is not one on this site. A 35,300-shop California overlay and a 576-shop Alaska overlay answer different process questions. They do not share a buyer bench or a closing calendar.

The conversion path is a confidential intro call.