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Buying a business: Massachusetts vs New Hampshire

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

Massachusetts

814 active listings
Active listings814 Edge
Median asking$385,000 Edge
Median cash flow$204,186
Typical multiple1.9×
Owner-earnings yield~53%
Median revenue$815,877
VS

New Hampshire

207 active listings
Active listings207
Median asking$650,000
Median cash flow$246,000 Edge
Typical multiple2.6×
Owner-earnings yield~38%
Median revenue$830,000

Who wins?

Massachusetts has 293% more businesses on the market than New Hampshire (814 vs 207). Massachusetts is cheaper at the median asking price. Massachusetts trades at a lower multiple (1.9× vs 2.6×), meaning you pay less per dollar of cash flow there.

MetricMassachusettsNew Hampshire
Active listings814207
Median asking$385,000$650,000
Median cash flow$204,186$246,000
Typical multiple1.9×2.6×
Owner-earnings yield~53%~38%
Median revenue$815,877$830,000
Related comparisons

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