Indiana Business Advisors

Indiana Business Advisors

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indianabusinessadvisors.com


Contact Broker

9333 N. Meridian Ste 200,
Indianapolis, Indiana 46260 (View Map)

About the Company

Indiana Business Advisors is the premier firm for buying and selling Main Street and Lower Middle Market businesses across the Midwest. Since 1981, we’ve guided business owners and entrepreneurs through more than 2,300 successful transactions, combining deep market insight with the discretion and professionalism typically found at larger investment banks—without the added complexity.

From accurate valuation to confidential closing, we manage the entire process with experience, precision, and care. Whether you're planning growth, exit, or legacy, Indiana Business Advisors is the partner you can count on to get the deal done right.

Broker Biography

Introduction

Sell-Side Services / Main Street Transactions

Our Main Street business brokers specialize in helping small business owners sell their businesses quickly and confidentially. Selling your business is a rewarding event, but achieving a successful sale can be time-consuming and emotionally draining. Sunbelt’s system is designed to streamline the sales process, as well as mitigate the inevitable challenges you will face during the business sale process.

Sell-Side Services / Lower Middle Market Transactions

At Indiana Business Advisors, we target a segment of the Lower Middle Market, comprised of privately-held companies with annual sales ranging from $1 million to $20 million or more, that is traditionally underserved by boutique M&A firms and investment banks.

Business Valuations

In today’s market, many business owners do not receive the best value when they sell a business – most often because they do not truly know their company’s value. For that reason, the valuation process is a true asset to the business owner.

Buyer Representation/Targeted Search Services

Purchasing a business is a complicated and time-consuming effort that can involve hundreds of hours spent evaluating opportunities, meeting business owners, negotiating purchase terms and conditions, conducting due diligence and coordinating a successful closing. Let our team proactively assist you in identifying business opportunities that meet your financial and lifestyle needs. Each and every year we encounter thousands of buyers who ultimately do not purchase a business because, without professional assistance, they become overwhelmed by the process. As your representative, our experienced business intermediaries can streamline your business search process.

Services Provided

Sell-Side Services / Main Street Transactions, Sell-Side Services / Lower Middle Market Transactions , Business Valuations, Buyer Representation/Targeted Search Services

Areas Served

  • Allen County, IN
  • Boone County, IN
  • Elkhart County, IN
  • Hamilton County, IN
  • Hendricks County, IN
  • Johnson County, IN
  • Madison County, IN
  • Marion County, IN
  • St. Joseph County, IN
  • Tippecanoe County, IN
  • Professional Affiliations

    International Business Brokers Association
    Sunbelt Network
    SBB Capital
    National Association of Certified Valuators and Analysts
    Exit Planning Institute
    Alliance of Mergers and Acquisition Advisors

    Business For Sale Listings

    $999,000
    Cash Flow: $486,999 
    United States 
    Fire Stopping Contractor Business For Sale Established Business Positioned For Growth

    This fire suppression contractor business is for sale. They install fire retardant and resistant materials in commercial and residential buildings. Additionally, they provide inspection and consultation services, fireproof patching, firestopping, and acoustical caulking. Using sprays, sealants, and insulations, they ensure their clients buildings are safe.This contractor works with clients in the following industries:• Hospitals• Large Healthcare Facilities• Educational Institutions• Arenas• Sports Venues• Commercial and Industrial Buildings• Residential BuildingsMost work is done on new construction. However, they also do work on renovation projects. Currently, the majority of their clients are healthcare facilities and commercial buildings. Most work comes either from bidding platforms or directly from contractors. The Sellers actively maintain relationships with contractors through direct outreach. The typical project size 

    $750,000
    Cash Flow: $30,578 
    Hamilton Co., IN 
    Turnkey Full-Service Casual Dining Restaurant Located in Affluent and High Growth Suburb

    This full-service casual dining restaurant is in one of the state’s most affluent and high-growth suburban markets. The concept is built around a streamlined, focused menu of premium burgers, wings, and classic American comfort food served in a welcoming, family-friendly atmosphere with a full-service bar. Founded in 2022 by a seasoned restaurant entrepreneur with over 25 years of industry experience, the business has demonstrated consistent revenue throughout its operating history.In 2025, the restaurant completed an expansion, nearly doubling seating capacity and adding dedicated private event space; creating significant untapped revenue potential heading into 2026. An experienced management team, ~30% food costs, and a 9,000-contact email marketing database provide a strong operational and marketing foundation for a new owner.Investment Highlights:• $850,000+ in total invested capital acquired for $750,000 - immediate 

    2
    $2,170,000
    Cash Flow: $342,035 
    Brown Co., IN 
    Brown County Retail Opportunity with Real Estate Included Two Profitable Retail Shops in a Busy Tourist Destination Includes Real Estate

    We are offering this Brown County retail opportunity with real estate included for sale. The retail business offers unique products at affordable prices. It is fully staffed. The business is completely turn-key and ready for new ownership. The business is in a vibrant area known for its restaurants, shops, entertainment, and natural beauty. This area attracts close to 3 million visitors annually. Because the area attracts so many visitors, the business has a built-in customer base. In fact, it has a strong and loyal repeat customer base. The retail business is housed in a fully occupied, multi-tenant building. This building and related real estate is part of this opportunity.With a strong foundation, proven profitability, and significant growth potential, this retail business offers an exciting opportunity for a new owner. Ideally, the new owner desires to 

    $395,000
    Cash Flow: $342,035 
    Brown Co., IN 
    Highly Profitable Retail Opportunity in Brown County Indiana Profitable Retail Business with Real Estate Includes Real Estate

    This is a highly profitable retail opportunity in Brown County Indiana. This retail business offers unique products at affordable prices. It is also fully staffed with knowledgeable full-time employees who fill key leadership roles. It has dependable, long term, part-time employees, too. The staff’s friendly, professional service is part of the reason for the business’s great reputation. The retail business is completely turn-key and ready for new ownership.The business is in a vibrant area known for its restaurants, shops, entertainment, and natural beauty. This area attracts close to 3 million visitors annually. Because the area attracts so many visitors, the business has a built-in customer base. In fact, it has a strong and loyal repeat customer base. The retail business is housed in a fully occupied, multi-tenant building. This building and related real 

    $1,750,000
    Cash Flow: $417,590 
    Marion Co., IN 
    Established Printing & Marketing Franchise for Resale Providing Comprehensive Printing & Marketing Services for Decades

    Build on the solid foundation and success of this established printing and marketing franchise for sale. Using the franchise template, the current owner built a successful, all-inclusive business. Working with small to mid-sized businesses, they provide services many companies can’t do in-house. Over the years, they became, and remain, a customer favorite. They offer a broad range of services including:Printing and Copying• Interior & Exterior Signs• Graphic Design• Direct Mail & Fulfillment Services• Marketing Services • Promotion Products• Labels & PackingCustomers love that they get their needs met with this franchise. Their target customers are small to medium, service-based businesses wanting to reach a larger market. Additionally, they serve a large number of non-profits, government, and educational institutions. They are good at acquiring new customers. They use a combination of marketing tactics such as Google 

    $250,000
    Cash Flow: $143,782 
    Madison Co., IN 
    Well-Established Sub & Pizza Shop For Sale Popular Business with Devoted Following

    Feeding their community for over 30 years, this profitable well-established sub and pizza shop offers exceptional food. They offer a vast menu of items with made-from-scratch and fresh ingredients. In fact, their food is so good, it’s gained a loyal following. Their menu includes:• Appetizers• Pizza & Pasta• Calzones• Sandwiches & Salads• Drinks & Dessert• Kid’s MenuThe restaurant also provides gluten-free options. They take precautions to ensure there is no cross contamination. Because of this, they are a good choice for people who need to avoid gluten. The shop offers seating for 74 people. It also has a semi-private area for larger gatherings. Diners can order online for pickup or delivery. The restaurant uses delivery platforms such as Grubhub and DoorDash. Beyond dine-in, carryout, and delivery, the provide catering services, too. Their large kitchen easily handles catering orders. With access to a main road and many 

    $3,000,000
    Cash Flow: $794,186 
    United States 
    Odor Mitigation and Manufacturing Service Provider w/Proprietary Tech Proudly Serving the U.S. for Over a Decade Includes Real Estate

    This environmental technology company provides specialized odor mitigation, air purification, and environmental consulting services to clients throughout the United States, primarily serving large-scale agriculture, solid waste management, and manufacturing sectors with proprietary solutions that significantly reduce liability associated with odor and emissions.Founded in 2014 after an unexpected consulting opportunity involving industrial-scale composting, the company has grown into a national leader in environmental compliance technology with patented revolutionary odor mitigation devices that enable year-round operation unlike traditional misting systems.The company's comprehensive approach combines proprietary equipment manufacturing with data-driven emissions analysis and ongoing service contracts, establishing it as a recognized authority in studying 

    $225,000
    Cash Flow: $117,445 
    Hendricks Co., IN 
    West Indy Homebased Community Publication Established Community Publication with 83% Advertiser Retention

    This established community publication operation publishes print and digital community calendars. With over 40 years of brand heritage, the business delivers year-round visibility for local advertisers through full- color wall calendars mailed (free) to 62,000 households across five communities.The business model combines targeted direct mail distribution with complementary digital presence through a website, mobile apps, and weekly e- newsletters. By featuring local photography, community events, school schedules, and money- saving coupons alongside advertiser messages, the calendars create genuine community value while delivering exceptional advertiser retention rates.Operating under an exclusive territorial license covering multiple counties, the business has built strong relationships with local small and mid-sized businesses. The calendar's unique positioning as a household utility ensures it remains displayed in high- 

    $175,000
    Cash Flow: $84,210 
    Camby, IN 
    Established Electrical Services Company for Sale Major Contracts and Low Overheads

    This established electrical services company is located in the South Indianapolis metro area. They provide expert power installation and service work. Specializing in new home builds and remodels, they have lasting relationships with multiple custom homebuilders. Additionally, they generate consistent revenue from repeat clients-including one key account that drives significant project volume.Why This Opportunity Stands Out• Strong reputation for reliability and quality workmanship• Multiple revenue streams• Long-term client partnerships• Experienced team in place• Low overhead costs• Homebased and relocatable• Totally turnkey and ready for new ownershipThe company operates in a stable and 

    $425,000
    Cash Flow: $154,726 
    United States 
    Premium Boutique Fitness Franchise Business Has Recurring Membership

    The company operates a fitness franchise location in the Midwest, delivering a distinctive boutique fitness experience that combines Strength training with other activities into comprehensive workout sessions.Established in 2019, the studio is strategically located in an affluent area, serving the premium fitness market in one of the state’s most desirable communities.The facility operates under a proven fitness franchise system, which provides proprietary technology, comprehensive training programs, and established operational procedures. The business benefits from a white-collar customer demographic, with peak attendance during early morning and after-work hours driven by working 

    $1,850,000
    Cash Flow: $198,418 
    Porter Co., IN 
    Freestanding Retail Center with Two Franchises For Sale Fully Occupied with Paying Tenants Includes Real Estate

    Own this freestanding retail center with two established franchises for sale. This is a rare opportunity to become both a business owner and a landlord simultaneously. Not only do the two franchises each occupy a unit, but there is also a third unit currently leased to a paying tenant. Although the Seller owns the retail center, the franchises operate under a separate entity and pay rent.Prime Location in Northwest IndianaLocated in a growing area of northwest Indiana, this retail center benefits from a steadily increasing population and a local government that actively promotes economic growth through strategic partnerships and investments. 

    $2,304,000
    Cash Flow: $596,364 
    United States 
    View Details 
    Full-Service Architectural Firm

    This established full-service architectural firm has been delivering architecture, design, master planning, interior design, and construction documentation services for nearly 30 years. Headquartered in a high-growth Midwest metro, the firm serves contractors, developers, owners, municipalities, and civil engineers across local, statewide, and national markets.The firm has held licensure in 48 U.S. states plus Guam and Puerto Rico at its peak, currently maintaining 35+ active state licenses providing a cost-efficient pathway to immediate national deployment. Averaging approximately 250 projects per year, the firm maintains 50–60 active clients including 12 core repeat clients with monthly engagement.Its counter-cyclical business model flexes across commercial, retail, restaurant, religious, apartment, and government project types. The firm operates with 

    $200,000
    Cash Flow: $84,937 
    Indiana 
    View Details 
    East Central Indiana Branding & Promotional Products Franchise

    This East Central Indiana branding and promotional products franchise is available for acquisition. It serves its local business community. Operating under a recognized national franchise, the company provides a full suite of marketing solutions including branded apparel, embroidery, screen printing, and promotional products. It also provides online company store setup that allows customers to order directly through a streamlined platform.The company operates on a B2B model, supporting local companies with merchandise that drives brand awareness, customer retention, employee engagement, and sales growth. Product offerings include a wide range of in-demand categories such as:• Pens & Office Products• Work, Team & Active Wear• Wellness & Safety Items• Technology Products• Drinkware• Tradeshow Displays & SignagePhysical Location AdvantageThe company operates 

    $400,000
    Cash Flow: $260,535 
    United States 
    View Details 
    Specialized Steam Boiler Service & Parts Company

    This specialized steam boiler service and parts company has served critical industries across Indiana for over 66 years, establishing itself as the trusted partner for healthcare facilities, food processing plants, and industrial manufacturers. The business delivers expert maintenance, emergency repair, parts supply, and advanced control system installations for steam boiler systems.The company operates a diversified, four-stream revenue model: parts distribution, service C maintenance, equipment replacement, and control systems. It serves approximately 50 active commercial customers, including major healthcare systems and leading food processorswith long-term relationships spanning decades and minimal customer churn.The business operates from a leased facility and is supported by an experienced team with years of specialized steam boiler expertise.Investment Highlights• Decades of operating history with Midwest market share 

    $690,000
    Cash Flow: $315,609 
    United States 
    View Details 
    Established and Remotely Operated Publishing Franchise

    This franchise-operated publishing business produces three monthly community magazines distributed to approximately 40,000 households and businesses in a targeted regional market. The publications feature positive, hyper-local human-interest stories about community members and organizations, deliberately avoiding hard news in favor of uplifting content that readers retain for months.Revenue is generated through display advertising and premium cover or business spotlight packages ranging from $1,650 to $5,500. The business operates on a turnkey franchise model where corporate headquarters handles all graphic design, production, and administrative services, leaving the franchisee responsible only for sales, client relationships, and content coordination.Investment Highlights• The only significant print publication remaining in the region after competitors ceased operations.• A transferable and reduced royalty rate that 

    $300,000
    Cash Flow: $94,525 
    United States 
    View Details 
    Dental Equipment Business For Sale

    This established dental equipment service business has been serving dental practices for decades. The company specializes in on-site handpiece repair and hygiene instrument sharpening, delivering convenience directly to customers through specially equipped service vehicles. Operating with minimal overhead and no facility costs, the business has built a strong reputation for rapid response times, quality workmanship, and exceptional customer service.The business serves hundreds of active dental practice accounts throughout its service area with a 90% repeat customer rate. The mobile service model eliminates shipping delays and equipment downtime for dental practices, creating significant competitive advantages over traditional mail-in repair services.Investment Highlights:• Proven service model with multi-year track record eliminating facility overhead while providing unmatched customer convenience.• Essential recurring 

    $325,000
    Cash Flow: $171,933 
    United States 
    View Details 
    Family Owned & Operated Footwear Retail Store

    The Company is a well-established, family-owned retail footwear store located in an affluent community in the Midwest. The business has built a loyal customer base across multiple generations throughout the metropolitan area it is located within. The store specializes in premium comfort, dress, athletic, and specialty footwear from over 30 leading brands including Birkenstock, Brooks, Hoka, New Balance, UGG, and Dansko.The business has thrived for over 50 years in the same location by maintaining a customer-first service philosophy. This personalized approach, combined with a carefully curated inventory and deep product knowledge, has created exceptional customer loyalty with a 4.9-star rating.Investment Highlights• Personalized fitting service philosophy differentiates from big-box retailers• 4.9 customer rating reflecting high service quality driving repeat business and referrals.• Service-driven approach insulates business 

    $950,000
    Cash Flow: $306,211 
    United States 
    View Details 
    Established Multi-Location Market & Restaurant

    This company is an established market and restaurant providing premium fresh retail and full-service dining through a proven dual revenue model in a major metro-area market.The business operates several company-owned locations generating combined restaurant and retail sales, plus limited number of third-party operating agreements generating recurring passive income with minimal owner involvement of 2-4 hours weekly managing licensee relationships.The business differentiates through multiple industry and community recognitions, signature products, proprietary recipes, decades-long supplier relationships ensuring consistent premium access, and exceptional customer service delivered by long-tenured staff members from day one.Core operations include fresh market sales, restaurant dining and takeout, catering services, and proprietary packaged products.Investment Highlights• Diversified Revenue Streams Including 60% Restaurant, 

    $1,000,000
    Cash Flow: $267,672 
    Indiana 
    View Details 
    Fast Casual Tex-Mex Franchise Portfolio

    This three-unit fast-casual Tex-Mex franchise portfolio operates under a nationally recognized brand with 600+ locations. The business generates $3M+ in annual revenue with adjusted cash flow of $268K (2024), up from -$16K in 2022.The restaurants feature customizable menu service with 20+ fresh toppings and complimentary chips and salsa. Revenue streams include dine-in, takeout, third- party delivery, and catering (20-30% of sales).All locations operate under 10-year NNN leases with renewal options and shopping center exclusivity.Operations require minimal owner involvement, with professional management teams and 45-75 total employees maintaining consistent daily service hours.Investment Highlights• Established national franchise brand operating 600+ locations nationwide, ranked in top franchises with institutional backing providing robust corporate support and proven systems• Protected territories in growing Indiana markets 

    Not Disclosed
    Cash Flow: $729,386 
    United States 
    View Details 
    Vertically Integrated Aftermarket Firearms Accessory Manufacturer

    This company is an established precision manufacturing business specializing in high-performance aftermarket accessories for firearms, with particular expertise in guide rod recoil systems, magazine extensions, and custom- engineered components.Located in the Midwest, the company has established itself as an authoritative brand in the firearms aftermarket ecosystem through official manufacturer partnerships and a reputation for American-made quality.The business serves a diverse customer base including competitive shooters, recreational firearm enthusiasts, and law enforcement agencies through a primarily direct-to- consumer e-commerce model (90% of revenue).Core operations include vertically integrated CNC manufacturing with recently acquired Swiss-type lathe (2022) and robotic manufacturing cell (2025), enabling 24/7 production capacity with minimal labor increases.Investment Highlights• Official manufacturer partnerships 

    $175,000
    Cash Flow: $49,449 
    United States 
    View Details 
    50+ Year Old Hunter & Jumper Equestrian Specialty Retailer

    This nationally recognized specialty retailer has served the Hunter and Jumper equestrian community since the 1970s, offering premium tack, saddlery equipment, rider and horse apparel, horse care products, and equestrian gifts.The business provides access to nearly all top-line brands in the industry, including renowned suppliers like DeNiro Boot Co and Ariat, serving a passionate customer base of predominantly affluent equestrian enthusiasts.Operating from a strategically positioned 7,500 square foot retail space with exceptional visibility, the company draws customers from within a 100-mile radius throughout the Midwest.The business differentiates itself through personalized service, expert fitting capabilities unavailable elsewhere in the region, and curated luxury leather goods imported worldwide.Investment Highlights• Nearly 50 years of operational history building recognition as a Hunter and Jumper specialty retailer in 

    Not Disclosed
    Cash Flow: $301,552 
    United States 
    View Details 
    Two Warehousing, Fulfillment & Logistics Companies For Sale

    An opportunity to acquire two sister companies providing integrated warehousing and transportation services.Established in 1981 with a single truck and $1,500, the companies have grown into a comprehensive third- party logistics provider in the Midwest with operational reach across the nation.The companies operate 244,134 square feet of warehouse space across two facilities, offering storage, e-commerce fulfillment, custom kitting, and value-added services.One of the companies provides asset-based trucking services with its own fleet, covering Indiana, Northern Kentucky, Western Illinois, Western Ohio, and Southern Michigan.The combined enterprise serves 30+ customers across retail, e-commerce, medical, and industrial sectors, maintaining long-term relationships through personalized service and operational flexibility.The combined enterprise leverages a centralized Midwest location to reach 80% of the US population within 2-3 

    Not Disclosed
    Cash Flow: $542,874 
    United States 
    View Details 
    Industrial Coatings Applicator For Sale

    Founded in the 1980s, this company has established itself as a strategic developer and applicator of protective coatings, serving diverse industrial sectors from its strategically located Midwest facility.As one of only ~20 licensed applicators for a major coatings manufacturer in the United States, the company has built a strong reputation through its comprehensive coating solutions portfolio, which includes antimicrobial, automated powder, ceramics, dry film lube, epoxy, liquid, plasma, and thermal barrier coatings.The operation maintains ISO 9001 certification and federal trademark protection, supported by a cost- efficient business model where clients cover freight costs. The facility features specialized testing infrastructure and advanced coating application equipment, allowing the company to serve over 350 customers across the US, Canada, and Mexico.The company has particular strength in serving automotive, food 

    Not Disclosed
    Cash Flow: $358,705 
    United States 
    View Details 
    Well Established Prototyping Company for Sale

    This is your opportunity to purchase a well-established prototyping company for sale. It has a reputation for personalized client service and exceeding expectations. With a wide array of materials and additive manufacturing processes to choose from, they can meet their clients’ specific needs. In fact, they produce a range of items with small, intricate details to large, complex parts. An investment in advanced technology along with its knowledgeable staff makes this company stand out. Their focus on client service ensures client retention. New clients come from referrals, direct outreach, the company website, and social media. The clients they attract are those that require high-quality prototyping, custom manufacturing, and design validation. They typically have a completed digital model but need a physical model too. They value precision, innovation, and speed. Clients come from a variety of industries including automotive, 

    Not Disclosed
    Cash Flow: $987,868 
    United States 
    View Details 
    Specialized Marketing Agency for Sale

    This well-established B2B marketing services company generates $2.49M (2023) with $987K adjusted cash flow and robust profitability metrics including 57% gross margin and 31% EBITDA margin.Operating with a lean, remote workforce of 11 full- time employees and several contractors, the company serves 25-35 active clients with 60% on recurring contracts.The firm is a qualified state contractor and delivers comprehensive marketing services spanning strategic planning, brand development, digital marketing, and creative services. The company’s remote operational model and specialized sector focus enable efficient service delivery while maintaining strong client relationships across a national market base.The company is well positioned for continued growth in the specific marketing sector and other verticals with its comprehensive services, lean operational model, and B2B industry expertise. 

    $625,000
    Cash Flow: $190,455 
    Indiana 
    View Details 
    Relocatable Pests Management Franchise For Sale

    This relocatable pest management franchise is part of the growing pest control industry. Many pests emerge earlier and live longer because of shorter winters and warmer months. Insects like flies, fleas, ticks, and mosquitos are health hazards. They carry various diseases, such as the Zika virus, West Nile, and Lyme Disease, to name two. As they invade more backyards across Indiana, demand for pest control is soaring! This business meets that demand.This established franchise serves over 1,150 clients in a season. By stopping pests at the source and returning on a set schedule, they ensure their clients enjoy their outdoor spaces with peace of mind. They are so good at what they do, they have an 85% client retention rate. As part of the purchase, a new owner gets a large, protected territory of some of the most affluent areas in Central Indiana. A typical client spends about $619 yearly for their services. Additionally, most 

    $795,000
    Cash Flow: $138,437 
    Indiana 
    View Details 
    Central Indiana Commercial Electrical Contractor For Sale

    In business for over a decade, this central Indiana commercial electrical contractor provides high quality design and installation services to their clients. Whether or not the job is big or small, this contractor works closely with the client to ensure they are happy with then end result. In fact, they provide a range of services to their clients that includes:• Design/Build• New Construction• New Service Installation• Service, Maintenance, & Repairs• LED RetrofittingEven though they only maintain a website, they get plenty of jobs. In fact, in a typical year, they complete around 150 to 200 jobs. The service mix for the jobs are 50% design/build, 35% new construction, 10% LED retrofit, and 5% service. Referrals are the main source of new clients. They serve a wide range of clients including:• Contractors• Builders & Developers • Retail & Restaurants• Schools• Government BuildingsThe Seller is ready to retire and transfer the 

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