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Buying a business: Kentucky vs Tennessee

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

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
VS

Tennessee

521 active listings
Active listings521 Edge
Median asking$325,000 Edge
Median cash flow$229,288 Edge
Typical multiple1.4×
Owner-earnings yield~71%
Median revenue$740,000

Who wins?

Tennessee has 116% more businesses on the market than Kentucky (521 vs 241). Tennessee is cheaper at the median asking price. Tennessee trades at a lower multiple (1.4× vs 2.5×), meaning you pay less per dollar of cash flow there.

MetricKentuckyTennessee
Active listings241521
Median asking$425,000$325,000
Median cash flow$168,944$229,288
Typical multiple2.5×1.4×
Owner-earnings yield~40%~71%
Median revenue$905,484$740,000
Related comparisons

See the full Kentucky market or the Tennessee 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 Kentucky, Tennessee, or anywhere.