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Buying a business: Maryland vs Pennsylvania

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

Maryland

550 active listings
Active listings550
Median asking$400,000
Median cash flow$192,300 Edge
Typical multiple2.1×
Owner-earnings yield~48%
Median revenue$831,000
VS

Pennsylvania

984 active listings
Active listings984 Edge
Median asking$350,000 Edge
Median cash flow$172,000
Typical multiple2.0×
Owner-earnings yield~49%
Median revenue$678,000

Who wins?

Pennsylvania has 79% more businesses on the market than Maryland (984 vs 550). Pennsylvania 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.

MetricMarylandPennsylvania
Active listings550984
Median asking$400,000$350,000
Median cash flow$192,300$172,000
Typical multiple2.1×2.0×
Owner-earnings yield~48%~49%
Median revenue$831,000$678,000
Related comparisons

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

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