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Buying a business: Connecticut vs New York

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

Connecticut

374 active listings
Active listings374
Median asking$352,500 Edge
Median cash flow$224,354 Edge
Typical multiple1.6×
Owner-earnings yield~64%
Median revenue$952,186
VS

New York

2,646 active listings
Active listings2,646 Edge
Median asking$425,000
Median cash flow$185,110
Typical multiple2.3×
Owner-earnings yield~44%
Median revenue$850,000

Who wins?

New York has 607% more businesses on the market than Connecticut (2,646 vs 374). Connecticut is cheaper at the median asking price. Connecticut trades at a lower multiple (1.6× vs 2.3×), meaning you pay less per dollar of cash flow there.

MetricConnecticutNew York
Active listings3742,646
Median asking$352,500$425,000
Median cash flow$224,354$185,110
Typical multiple1.6×2.3×
Owner-earnings yield~64%~44%
Median revenue$952,186$850,000
Related comparisons

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