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Buying a business: California vs Maryland

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

California

6,340 active listings
Active listings6,340 Edge
Median asking$345,000 Edge
Median cash flow$178,627
Typical multiple1.9×
Owner-earnings yield~52%
Median revenue$750,000
VS

Maryland

550 active listings
Active listings550
Median asking$400,000
Median cash flow$192,300 Edge
Typical multiple2.1×
Owner-earnings yield~48%
Median revenue$831,000

Who wins?

California has 1053% more businesses on the market than Maryland (6,340 vs 550). California is cheaper at the median asking price. Both markets price at about the same 1.9× cash-flow multiple, so you pay a similar earnings premium either way — the difference is selection and entry price, not valuation.

MetricCaliforniaMaryland
Active listings6,340550
Median asking$345,000$400,000
Median cash flow$178,627$192,300
Typical multiple1.9×2.1×
Owner-earnings yield~52%~48%
Median revenue$750,000$831,000
Related comparisons

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

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