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Buying a business: New Jersey vs Texas

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

New Jersey

1,436 active listings
Active listings1,436
Median asking$300,000 Edge
Median cash flow$150,000
Typical multiple2.0×
Owner-earnings yield~50%
Median revenue$539,480
VS

Texas

3,899 active listings
Active listings3,899 Edge
Median asking$340,000
Median cash flow$160,000 Edge
Typical multiple2.1×
Owner-earnings yield~47%
Median revenue$690,019

Who wins?

Texas has 172% more businesses on the market than New Jersey (3,899 vs 1,436). New Jersey is cheaper at the median asking price. 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.

MetricNew JerseyTexas
Active listings1,4363,899
Median asking$300,000$340,000
Median cash flow$150,000$160,000
Typical multiple2.0×2.1×
Owner-earnings yield~50%~47%
Median revenue$539,480$690,019
Related comparisons

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