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Buying a business: Florida vs North Dakota

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

North Dakota

42 active listings
Active listings42
Median asking$1,000,000
Median cash flow$217,085 Edge
Typical multiple4.6×
Owner-earnings yield~22%
Median revenue$1,470,000

Who wins?

Florida has 14071% more businesses on the market than North Dakota (5,952 vs 42). Florida is cheaper at the median asking price. Florida trades at a lower multiple (2.2× vs 4.6×), meaning you pay less per dollar of cash flow there.

MetricFloridaNorth Dakota
Active listings5,95242
Median asking$350,000$1,000,000
Median cash flow$157,752$217,085
Typical multiple2.2×4.6×
Owner-earnings yield~45%~22%
Median revenue$650,000$1,470,000
Related comparisons

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