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Buying a business: Michigan vs Ohio

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

Michigan

941 active listings
Active listings941
Median asking$350,000
Median cash flow$171,173 Edge
Typical multiple2.0×
Owner-earnings yield~49%
Median revenue$740,000
VS

Ohio

998 active listings
Active listings998 Edge
Median asking$350,000
Median cash flow$166,000
Typical multiple2.1×
Owner-earnings yield~47%
Median revenue$750,000

Who wins?

Ohio has 6% more businesses on the market than Michigan (998 vs 941). 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.

MetricMichiganOhio
Active listings941998
Median asking$350,000$350,000
Median cash flow$171,173$166,000
Typical multiple2.0×2.1×
Owner-earnings yield~49%~47%
Median revenue$740,000$750,000
Related comparisons

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

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