Two markets side by side — inventory, pricing, and what you actually pay per dollar of cash flow, from live Waterfall data.
California has 435% more businesses on the market than Arizona (6,340 vs 1,184). Arizona is cheaper at the median asking price. Arizona trades at a lower multiple (1.7× vs 1.9×), meaning you pay less per dollar of cash flow there.
| Metric | Arizona | California |
|---|---|---|
| Active listings | 1,184 | 6,340 |
| Median asking | $300,000 | $345,000 |
| Median cash flow | $175,244 | $178,627 |
| Typical multiple | 1.7× | 1.9× |
| Owner-earnings yield | ~58% | ~52% |
| Median revenue | $645,302 | $750,000 |
See the full Arizona market or the California market, or set a Buy Box across both and let the matches come to you.
Turn on the Waterfall, set your thesis, and see the deals that fit — in Arizona, California, or anywhere.