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Buying a business: Florida vs Michigan

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

Michigan

941 active listings
Active listings941
Median asking$350,000
Median cash flow$171,173 Edge
Typical multiple2.0×
Owner-earnings yield~49%
Median revenue$740,000

Who wins?

Florida has 533% more businesses on the market than Michigan (5,952 vs 941). Michigan trades at a lower multiple (2.0× vs 2.2×), meaning you pay less per dollar of cash flow there.

MetricFloridaMichigan
Active listings5,952941
Median asking$350,000$350,000
Median cash flow$157,752$171,173
Typical multiple2.2×2.0×
Owner-earnings yield~45%~49%
Median revenue$650,000$740,000
Related comparisons

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