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Buying a business: Florida vs Montana

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

Montana

105 active listings
Active listings105
Median asking$642,000
Median cash flow$206,072 Edge
Typical multiple3.1×
Owner-earnings yield~32%
Median revenue$815,089

Who wins?

Florida has 5569% more businesses on the market than Montana (5,952 vs 105). Florida is cheaper at the median asking price. Florida trades at a lower multiple (2.2× vs 3.1×), meaning you pay less per dollar of cash flow there.

MetricFloridaMontana
Active listings5,952105
Median asking$350,000$642,000
Median cash flow$157,752$206,072
Typical multiple2.2×3.1×
Owner-earnings yield~45%~32%
Median revenue$650,000$815,089
Related comparisons

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