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Buying a business: Hawaii vs Texas

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

Hawaii

96 active listings
Active listings96
Median asking$575,000
Median cash flow$190,000 Edge
Typical multiple3.0×
Owner-earnings yield~33%
Median revenue$978,000
VS

Texas

3,899 active listings
Active listings3,899 Edge
Median asking$340,000 Edge
Median cash flow$160,000
Typical multiple2.1×
Owner-earnings yield~47%
Median revenue$690,019

Who wins?

Texas has 3961% more businesses on the market than Hawaii (3,899 vs 96). Texas is cheaper at the median asking price. Texas trades at a lower multiple (2.1× vs 3.0×), meaning you pay less per dollar of cash flow there.

MetricHawaiiTexas
Active listings963,899
Median asking$575,000$340,000
Median cash flow$190,000$160,000
Typical multiple3.0×2.1×
Owner-earnings yield~33%~47%
Median revenue$978,000$690,019
Related comparisons

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