Restaurants are the most-listed business for sale — which makes coverage and fast screening the difference between a deal and a money pit.
Updated June 5, 2026 · live market data refreshed daily
Live from the Waterfall — refreshed daily and de-duped across the major marketplaces and broker sites we track.
The states with the most restaurants listed in the Waterfall right now — tap through to that state’s full market.
National averages blur the picture — pricing for restaurants swings by state. Here’s the live median in the states with enough priced restaurants to trust a number, cheapest in Colorado (~$200,000) and priciest in Minnesota (~$600,000).
| State | Listings | Median asking | Median cash flow | Typical multiple |
|---|---|---|---|---|
| Colorado | ~250 | ~$200,000 | ~$110,000 | 1.8× |
| California | ~2,250 | ~$250,000 | ~$160,000 | 1.6× |
| Michigan | ~250 | ~$250,000 | ~$110,000 | 2.3× |
| Washington | ~200 | ~$250,000 | ~$160,000 | 1.5× |
| Nevada | ~100 | ~$250,000 | ~$170,000 | 1.4× |
| Oregon | ~100 | ~$260,000 | ~$150,000 | 1.7× |
| Louisiana | ~70 | ~$260,000 | ~$100,000 | 2.6× |
| Virginia | ~200 | ~$270,000 | ~$120,000 | 2.2× |
| Ohio | ~150 | ~$280,000 | ~$120,000 | 2.4× |
| Georgia | ~450 | ~$280,000 | ~$130,000 | 2.1× |
| Arizona | ~300 | ~$280,000 | ~$160,000 | 1.8× |
| Indiana | ~100 | ~$290,000 | ~$170,000 | 1.7× |
| Texas | ~800 | ~$300,000 | ~$140,000 | 2.1× |
| Florida | ~1,250 | ~$300,000 | ~$150,000 | 2.0× |
| South Carolina | ~250 | ~$300,000 | ~$190,000 | 1.5× |
| Missouri | ~150 | ~$330,000 | ~$140,000 | 2.4× |
| North Carolina | ~300 | ~$350,000 | ~$180,000 | 2.0× |
| Maryland | ~150 | ~$350,000 | ~$180,000 | 1.9× |
| Alabama | ~80 | ~$350,000 | ~$140,000 | 2.5× |
| Illinois | ~250 | ~$360,000 | ~$160,000 | 2.2× |
| New York | ~650 | ~$380,000 | ~$200,000 | 1.8× |
| Massachusetts | ~200 | ~$380,000 | ~$230,000 | 1.7× |
| New Jersey | ~350 | ~$390,000 | ~$150,000 | 2.5× |
| Pennsylvania | ~250 | ~$400,000 | ~$130,000 | 3.1× |
| Minnesota | ~90 | ~$600,000 | ~$150,000 | 4.1× |
Medians shown only for states with enough disclosed restaurants financials to be reliable; smaller states are still building priced inventory. Rounded live medians from the Waterfall, not appraisals.
A sample of what’s live right now. Set a Buy Box to see only the restaurants that fit your thesis.
Showing 4 of ~10,500 active listings · financials shown where the broker disclosed them.
The hard part of buying one of the restaurants isn’t that there’s nothing for sale — it’s that the deals are scattered across general marketplaces, dozens of local broker sites, and a much larger pool of owners who never list at all. Searchers who win do two things: they cover the on-market sources we track in one place, and they go directly to owners off-market.
On-market, restaurants show up across national marketplaces and the sites of regional brokers who work specific metros. Off-market is where the depth is — owner-operated businesses whose owners would sell to the right buyer but have never put up a listing. DealStratum’s Waterfall pulls the on-market sources into one live, de-duped feed; Owner Sourcing and Direct Mail reach the off-market owners.
Set your Buy Box to restaurants (plus your states, price, and cash-flow range) and the Waterfall narrows to only the restaurants that fit your thesis — refreshed daily and de-duped, so you’re not re-reading the same listing under three brokers. Add the ones worth a look to your pipeline in a click, and screen them fast with AI Deal Screening before you spend a week on diligence.
Searchers looking at restaurants often also track:
Cover the on-market sources we track in one feed (a deal aggregator filtered to restaurants) and go off-market directly to owners. Searching marketplaces one at a time misses both the regional broker listings and the much larger off-market pool.
Yes — most of them. The strongest restaurants are owner-operated and never publicly listed. You reach them by sourcing the owner and contacting them directly. See finding off-market businesses.
Asking prices for restaurants listed in the Waterfall right now range from about $1K–$33.5M, depending on cash flow, location, assets, and whether real estate is included.
Turn on the Waterfall, filter to restaurants, and watch the matches come to you — on-market and off.