Moderate

opportunity score

Boise, ID Market Report

Idaho capital experiencing rapid growth from California tech migration with strong outdoor lifestyle appeal.

0.9M

Metro Population

+3.2%

Annual Growth

420

Listed Businesses

$380K

Median Asking Price

🏙️ Market Overview

0.9M metro

Population · +3.2%/yr growth

Top Industries:
• Technology
• Agriculture & Food Processing
• Outdoor Recreation

📊 Acquisition Activity

420

businesses listed for sale

Avg. time on market: 4.4 months

Median asking price: $380K

Price range: $150K – $2.2M

1,100 active buyers

🏦 SBA Lending Snapshot — Boise

26%

7(a) Approval Rate

$475K

Avg. Loan Size

Top Lenders

Idaho Central CU · U.S. Bank · Washington Federal

SBA Performance: Good — growing metro with diverse economy; SBA support active

📈 Business Valuation Multiples — Boise

Industry	SDE Multiple	EBITDA Multiple	Notes
Restaurant (FSR)	2.0x–2.7x	4.5x–5.9x	Growing dining scene; tech worker and outdoor enthusiast base
HVAC / Plumbing	2.4x–3.2x	5.3x–6.6x	Rapid population growth; new construction drives demand
Dental	2.8x–3.6x	6.0x–7.5x	Growing suburban population; healthcare system expansion
E-Commerce	1.9x–2.7x	4.2x–5.6x	Tech-forward population; mountain lifestyle e-commerce
Landscaping	2.0x–2.8x	5.0x–6.2x	Suburban growth and high-end residential landscaping active
Professional Services	2.4x–3.2x	5.2x–6.5x	Tech migration creating demand for professional services

SDE = Seller's Discretionary Earnings (cash flow to owner). EBITDA = Earnings Before Interest, Tax, Depreciation, Amortization. Multiples based on comparable transactions and market data.

🔍 Top Industries — Boise

💻 Technology Services High

SDE 2.9x–3.8x SDE/EBITDA

California tech migration creating IT services demand. Remote-work-enabled businesses command premium. Smaller deal volume but buyer competition active for quality targets.

🌾 Agriculture & Food Processing Active

SDE 2.2x–3.0x SDE/EBITDA

Idaho potato and dairy industries drive food processing M&A. Cold storage, food manufacturing, and specialty food businesses changing hands. Stable demand with commodity exposure.

🔨 Construction & Trades Active

SDE 2.4x–3.2x SDE/EBITDA

Rapid population growth creating construction demand. Electrical, plumbing, and HVAC businesses have 6–12 month backlogs. New construction focus most active.

💼 Recent Notable Deals — Boise

$380K

SBA 7(a)

IT Support Company (Downtown)

3.2x SDE — $118K SDE; tech client base · 2025

$420K

SBA 7(a)

HVAC Company (Meridian)

3.0x SDE — new construction focus; $140K SDE · 2025

$350K

Conventional

Food Processing Company (Caldwell)

2.5x SDE — specialty food manufacturing · 2024

📈 Growth Signals

California tech workers relocating at accelerating pace
Idaho fastest-growing state in the nation by %
Oracle and HP Enterprise have Boise operations
No state income tax and low cost of living attracting businesses

⚠️ Key Risks

Smallest metro in this cohort — limited deal volume and exit options
Agriculture commodity price volatility
Housing affordability crisis limiting workforce availability

🎯 12-Month Acquisition Outlook — Boise