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Buying a business: Nevada vs Texas

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

Nevada

621 active listings
Active listings621
Median asking$295,000 Edge
Median cash flow$193,750 Edge
Typical multiple1.5×
Owner-earnings yield~66%
Median revenue$638,000
VS

Texas

3,900 active listings
Active listings3,900 Edge
Median asking$340,000
Median cash flow$160,000
Typical multiple2.1×
Owner-earnings yield~47%
Median revenue$690,019

Who wins?

Texas has 528% more businesses on the market than Nevada (3,900 vs 621). Nevada is cheaper at the median asking price. Nevada trades at a lower multiple (1.5× vs 2.1×), meaning you pay less per dollar of cash flow there.

MetricNevadaTexas
Active listings6213,900
Median asking$295,000$340,000
Median cash flow$193,750$160,000
Typical multiple1.5×2.1×
Owner-earnings yield~66%~47%
Median revenue$638,000$690,019
Related comparisons

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