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Buying a business: Delaware vs Pennsylvania

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

Pennsylvania

984 active listings
Active listings984 Edge
Median asking$350,000 Edge
Median cash flow$172,000 Edge
Typical multiple2.0×
Owner-earnings yield~49%
Median revenue$678,000

Who wins?

Pennsylvania has 700% more businesses on the market than Delaware (984 vs 123). Pennsylvania is cheaper at the median asking price. Pennsylvania trades at a lower multiple (2.0× vs 3.0×), meaning you pay less per dollar of cash flow there.

MetricDelawarePennsylvania
Active listings123984
Median asking$454,500$350,000
Median cash flow$150,000$172,000
Typical multiple3.0×2.0×
Owner-earnings yield~33%~49%
Median revenue$550,742$678,000
Related comparisons

See the full Delaware market or the Pennsylvania market, or set a Buy Box across both and let the matches come to you.

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