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Buying a business: Arizona vs Florida

Two markets side by side — inventory, pricing, and what you actually pay per dollar of cash flow, from live Waterfall data.

Arizona

1,184 active listings
Active listings1,184
Median asking$300,000 Edge
Median cash flow$175,244 Edge
Typical multiple1.7×
Owner-earnings yield~58%
Median revenue$645,302
VS

Florida

5,952 active listings
Active listings5,952 Edge
Median asking$350,000
Median cash flow$157,752
Typical multiple2.2×
Owner-earnings yield~45%
Median revenue$650,000

Who wins?

Florida has 403% more businesses on the market than Arizona (5,952 vs 1,184). Arizona is cheaper at the median asking price. Arizona trades at a lower multiple (1.7× vs 2.2×), meaning you pay less per dollar of cash flow there.

MetricArizonaFlorida
Active listings1,1845,952
Median asking$300,000$350,000
Median cash flow$175,244$157,752
Typical multiple1.7×2.2×
Owner-earnings yield~58%~45%
Median revenue$645,302$650,000
Related comparisons

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