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Buying a business: Florida vs Indiana

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
Median cash flow$157,752
Typical multiple2.2×
Owner-earnings yield~45%
Median revenue$650,000
VS

Indiana

467 active listings
Active listings467
Median asking$350,000
Median cash flow$172,674 Edge
Typical multiple2.0×
Owner-earnings yield~49%
Median revenue$806,683

Who wins?

Florida has 1175% more businesses on the market than Indiana (5,952 vs 467). Indiana trades at a lower multiple (2.0× vs 2.2×), meaning you pay less per dollar of cash flow there.

MetricFloridaIndiana
Active listings5,952467
Median asking$350,000$350,000
Median cash flow$157,752$172,674
Typical multiple2.2×2.0×
Owner-earnings yield~45%~49%
Median revenue$650,000$806,683
Related comparisons

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