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Buying a business: New Mexico vs Texas

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

New Mexico

139 active listings
Active listings139
Median asking$394,900
Median cash flow$237,014 Edge
Typical multiple1.7×
Owner-earnings yield~60%
Median revenue$960,000
VS

Texas

3,899 active listings
Active listings3,899 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 2705% more businesses on the market than New Mexico (3,899 vs 139). Texas is cheaper at the median asking price. New Mexico trades at a lower multiple (1.7× vs 2.1×), meaning you pay less per dollar of cash flow there.

MetricNew MexicoTexas
Active listings1393,899
Median asking$394,900$340,000
Median cash flow$237,014$160,000
Typical multiple1.7×2.1×
Owner-earnings yield~60%~47%
Median revenue$960,000$690,019
Related comparisons

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