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Buying a business: New Hampshire vs Vermont

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

Vermont

38 active listings
Active listings38
Median asking$472,500 Edge
Median cash flow$144,628
Typical multiple3.3×
Owner-earnings yield~31%
Median revenue$1,090,871

Who wins?

New Hampshire has 445% more businesses on the market than Vermont (207 vs 38). Vermont is cheaper at the median asking price. New Hampshire trades at a lower multiple (2.6× vs 3.3×), meaning you pay less per dollar of cash flow there.

Some figures are still filling in as listings are added to one or both markets — this comparison updates automatically as inventory grows.

MetricNew HampshireVermont
Active listings20738
Median asking$650,000$472,500
Median cash flow$246,000$144,628
Typical multiple2.6×3.3×
Owner-earnings yield~38%~31%
Median revenue$830,000$1,090,871
Related comparisons

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