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Buying a business: New Hampshire vs Texas

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

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
VS

Texas

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

Who wins?

Texas has 1784% more businesses on the market than New Hampshire (3,900 vs 207). Texas is cheaper at the median asking price. Texas trades at a lower multiple (2.1× vs 2.6×), meaning you pay less per dollar of cash flow there.

MetricNew HampshireTexas
Active listings2073,900
Median asking$650,000$340,000
Median cash flow$246,000$160,000
Typical multiple2.6×2.1×
Owner-earnings yield~38%~47%
Median revenue$830,000$690,019
Related comparisons

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