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Buying a business: Arizona vs New Mexico

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

New Mexico

139 active listings
Active listings139
Median asking$394,900
Median cash flow$237,014 Edge
Typical multiple1.7×
Owner-earnings yield~60%
Median revenue$960,000

Who wins?

Arizona has 752% more businesses on the market than New Mexico (1,184 vs 139). Arizona is cheaper at the median asking price. Both markets price at about the same 1.7× cash-flow multiple, so you pay a similar earnings premium either way — the difference is selection and entry price, not valuation.

MetricArizonaNew Mexico
Active listings1,184139
Median asking$300,000$394,900
Median cash flow$175,244$237,014
Typical multiple1.7×1.7×
Owner-earnings yield~58%~60%
Median revenue$645,302$960,000
Related comparisons

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