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Buying a business: Arizona vs Nevada

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

Nevada

620 active listings
Active listings620
Median asking$295,000 Edge
Median cash flow$193,385 Edge
Typical multiple1.5×
Owner-earnings yield~66%
Median revenue$629,555

Who wins?

Arizona has 91% more businesses on the market than Nevada (1,184 vs 620). Nevada is cheaper at the median asking price. Nevada trades at a lower multiple (1.5× vs 1.7×), meaning you pay less per dollar of cash flow there.

MetricArizonaNevada
Active listings1,184620
Median asking$300,000$295,000
Median cash flow$175,244$193,385
Typical multiple1.7×1.5×
Owner-earnings yield~58%~66%
Median revenue$645,302$629,555
Related comparisons

See the full Arizona market or the Nevada market, or set a Buy Box across both and let the matches come to you.

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Turn on the Waterfall, set your thesis, and see the deals that fit — in Arizona, Nevada, or anywhere.