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Buying a business: Colorado vs Texas

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
Median asking$341,423
Median cash flow$156,034
Typical multiple2.2×
Owner-earnings yield~46%
Median revenue$697,271
VS

Texas

3,900 active listings
Active listings3,900 Edge
Median asking$340,000 Edge
Median cash flow$160,000 Edge
Typical multiple2.1×
Owner-earnings yield~47%
Median revenue$690,019

Who wins?

Texas has 192% more businesses on the market than Colorado (3,900 vs 1,334). Texas is cheaper at the median asking price. Both markets price at about the same 2.2× cash-flow multiple, so you pay a similar earnings premium either way — the difference is selection and entry price, not valuation.

MetricColoradoTexas
Active listings1,3343,900
Median asking$341,423$340,000
Median cash flow$156,034$160,000
Typical multiple2.2×2.1×
Owner-earnings yield~46%~47%
Median revenue$697,271$690,019
Related comparisons

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