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Buying a business: Arizona vs Utah

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

Utah

384 active listings
Active listings384
Median asking$349,000
Median cash flow$202,926 Edge
Typical multiple1.7×
Owner-earnings yield~58%
Median revenue$773,753

Who wins?

Arizona has 208% more businesses on the market than Utah (1,184 vs 384). 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.

MetricArizonaUtah
Active listings1,184384
Median asking$300,000$349,000
Median cash flow$175,244$202,926
Typical multiple1.7×1.7×
Owner-earnings yield~58%~58%
Median revenue$645,302$773,753
Related comparisons

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

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