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Buying a business: California vs Rhode Island

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
Median cash flow$178,627 Edge
Typical multiple1.9×
Owner-earnings yield~52%
Median revenue$750,000
VS

Rhode Island

200 active listings
Active listings200
Median asking$262,500 Edge
Median cash flow$123,872
Typical multiple2.1×
Owner-earnings yield~47%
Median revenue$466,656

Who wins?

California has 3070% more businesses on the market than Rhode Island (6,340 vs 200). Rhode Island is cheaper at the median asking price. California trades at a lower multiple (1.9× vs 2.1×), meaning you pay less per dollar of cash flow there.

MetricCaliforniaRhode Island
Active listings6,340200
Median asking$345,000$262,500
Median cash flow$178,627$123,872
Typical multiple1.9×2.1×
Owner-earnings yield~52%~47%
Median revenue$750,000$466,656
Related comparisons

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