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Buying a business: Nevada vs Utah

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

Utah

385 active listings
Active listings385
Median asking$349,500
Median cash flow$202,926 Edge
Typical multiple1.7×
Owner-earnings yield~58%
Median revenue$780,152

Who wins?

Nevada has 61% more businesses on the market than Utah (621 vs 385). Nevada is cheaper at the median asking price. Nevada trades at a lower multiple (1.5× vs 1.7×), meaning you pay less per dollar of cash flow there.

MetricNevadaUtah
Active listings621385
Median asking$295,000$349,500
Median cash flow$193,750$202,926
Typical multiple1.5×1.7×
Owner-earnings yield~66%~58%
Median revenue$638,000$780,152
Related comparisons

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