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Buying a business: Colorado vs New Mexico

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

Colorado

1,334 active listings
Active listings1,334 Edge
Median asking$341,423 Edge
Median cash flow$156,034
Typical multiple2.2×
Owner-earnings yield~46%
Median revenue$697,271
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?

Colorado has 860% more businesses on the market than New Mexico (1,334 vs 139). Colorado is cheaper at the median asking price. New Mexico trades at a lower multiple (1.7× vs 2.2×), meaning you pay less per dollar of cash flow there.

MetricColoradoNew Mexico
Active listings1,334139
Median asking$341,423$394,900
Median cash flow$156,034$237,014
Typical multiple2.2×1.7×
Owner-earnings yield~46%~60%
Median revenue$697,271$960,000
Related comparisons

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