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Buying a business: Kansas vs Texas

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

Kansas

196 active listings
Active listings196
Median asking$535,000
Median cash flow$250,000 Edge
Typical multiple2.1×
Owner-earnings yield~47%
Median revenue$814,382
VS

Texas

3,900 active listings
Active listings3,900 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 1890% more businesses on the market than Kansas (3,900 vs 196). Texas is cheaper at the median asking price. Both markets price at about the same 2.1× cash-flow multiple, so you pay a similar earnings premium either way — the difference is selection and entry price, not valuation.

MetricKansasTexas
Active listings1963,900
Median asking$535,000$340,000
Median cash flow$250,000$160,000
Typical multiple2.1×2.1×
Owner-earnings yield~47%~47%
Median revenue$814,382$690,019
Related comparisons

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