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Buying a business: Florida vs Illinois

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

Florida

5,952 active listings
Active listings5,952 Edge
Median asking$350,000 Edge
Median cash flow$157,752
Typical multiple2.2×
Owner-earnings yield~45%
Median revenue$650,000
VS

Illinois

1,106 active listings
Active listings1,106
Median asking$450,000
Median cash flow$180,547 Edge
Typical multiple2.5×
Owner-earnings yield~40%
Median revenue$804,805

Who wins?

Florida has 438% more businesses on the market than Illinois (5,952 vs 1,106). Florida is cheaper at the median asking price. Florida trades at a lower multiple (2.2× vs 2.5×), meaning you pay less per dollar of cash flow there.

MetricFloridaIllinois
Active listings5,9521,106
Median asking$350,000$450,000
Median cash flow$157,752$180,547
Typical multiple2.2×2.5×
Owner-earnings yield~45%~40%
Median revenue$650,000$804,805
Related comparisons

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