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Buying a business: Delaware vs New Jersey

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

Delaware

123 active listings
Active listings123
Median asking$454,500
Median cash flow$150,000
Typical multiple3.0×
Owner-earnings yield~33%
Median revenue$550,742
VS

New Jersey

1,436 active listings
Active listings1,436 Edge
Median asking$300,000 Edge
Median cash flow$150,000
Typical multiple2.0×
Owner-earnings yield~50%
Median revenue$539,480

Who wins?

New Jersey has 1067% more businesses on the market than Delaware (1,436 vs 123). New Jersey is cheaper at the median asking price. New Jersey trades at a lower multiple (2.0× vs 3.0×), meaning you pay less per dollar of cash flow there.

MetricDelawareNew Jersey
Active listings1231,436
Median asking$454,500$300,000
Median cash flow$150,000$150,000
Typical multiple3.0×2.0×
Owner-earnings yield~33%~50%
Median revenue$550,742$539,480
Related comparisons

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