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Buying a business: Colorado vs Utah

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

Utah

384 active listings
Active listings384
Median asking$349,000
Median cash flow$202,926 Edge
Typical multiple1.7×
Owner-earnings yield~58%
Median revenue$773,753

Who wins?

Colorado has 247% more businesses on the market than Utah (1,334 vs 384). Colorado is cheaper at the median asking price. Utah trades at a lower multiple (1.7× vs 2.2×), meaning you pay less per dollar of cash flow there.

MetricColoradoUtah
Active listings1,334384
Median asking$341,423$349,000
Median cash flow$156,034$202,926
Typical multiple2.2×1.7×
Owner-earnings yield~46%~58%
Median revenue$697,271$773,753
Related comparisons

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