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Buying a business: Colorado vs Wyoming

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

Wyoming

116 active listings
Active listings116
Median asking$632,500
Median cash flow$182,200 Edge
Typical multiple3.5×
Owner-earnings yield~29%
Median revenue$973,668

Who wins?

Colorado has 1050% more businesses on the market than Wyoming (1,334 vs 116). Colorado is cheaper at the median asking price. Colorado trades at a lower multiple (2.2× vs 3.5×), meaning you pay less per dollar of cash flow there.

MetricColoradoWyoming
Active listings1,334116
Median asking$341,423$632,500
Median cash flow$156,034$182,200
Typical multiple2.2×3.5×
Owner-earnings yield~46%~29%
Median revenue$697,271$973,668
Related comparisons

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