Two markets side by side — inventory, pricing, and what you actually pay per dollar of cash flow, from live Waterfall data.
California has 5938% more businesses on the market than Montana (6,340 vs 105). California is cheaper at the median asking price. California trades at a lower multiple (1.9× vs 3.1×), meaning you pay less per dollar of cash flow there.
| Metric | California | Montana |
|---|---|---|
| Active listings | 6,340 | 105 |
| Median asking | $345,000 | $642,000 |
| Median cash flow | $178,627 | $206,072 |
| Typical multiple | 1.9× | 3.1× |
| Owner-earnings yield | ~52% | ~32% |
| Median revenue | $750,000 | $815,089 |
See the full California market or the Montana market, or set a Buy Box across both and let the matches come to you.
Turn on the Waterfall, set your thesis, and see the deals that fit — in California, Montana, or anywhere.