Two markets side by side — inventory, pricing, and what you actually pay per dollar of cash flow, from live Waterfall data.
Michigan has 101% more businesses on the market than Indiana (941 vs 467). Both markets price at about the same 2.0× cash-flow multiple, so you pay a similar earnings premium either way — the difference is selection and entry price, not valuation.
| Metric | Indiana | Michigan |
|---|---|---|
| Active listings | 467 | 941 |
| Median asking | $350,000 | $350,000 |
| Median cash flow | $172,674 | $171,173 |
| Typical multiple | 2.0× | 2.0× |
| Owner-earnings yield | ~49% | ~49% |
| Median revenue | $806,683 | $740,000 |
See the full Indiana market or the Michigan market, or set a Buy Box across both and let the matches come to you.
Turn on the Waterfall, set your thesis, and see the deals that fit — in Indiana, Michigan, or anywhere.