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Buying a business: Indiana vs Kentucky

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

Indiana

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

Kentucky

241 active listings
Active listings241
Median asking$425,000
Median cash flow$168,944
Typical multiple2.5×
Owner-earnings yield~40%
Median revenue$905,484

Who wins?

Indiana has 94% more businesses on the market than Kentucky (467 vs 241). Indiana is cheaper at the median asking price. Indiana trades at a lower multiple (2.0× vs 2.5×), meaning you pay less per dollar of cash flow there.

MetricIndianaKentucky
Active listings467241
Median asking$350,000$425,000
Median cash flow$172,674$168,944
Typical multiple2.0×2.5×
Owner-earnings yield~49%~40%
Median revenue$806,683$905,484
Related comparisons

See the full Indiana market or the Kentucky market, or set a Buy Box across both and let the matches come to you.

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Turn on the Waterfall, set your thesis, and see the deals that fit — in Indiana, Kentucky, or anywhere.