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Buying a business: North Carolina vs Texas

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

North Carolina

1,240 active listings
Active listings1,240
Median asking$349,000
Median cash flow$180,000 Edge
Typical multiple1.9×
Owner-earnings yield~52%
Median revenue$789,365
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 215% more businesses on the market than North Carolina (3,900 vs 1,240). Texas is cheaper at the median asking price. North Carolina trades at a lower multiple (1.9× vs 2.1×), meaning you pay less per dollar of cash flow there.

MetricNorth CarolinaTexas
Active listings1,2403,900
Median asking$349,000$340,000
Median cash flow$180,000$160,000
Typical multiple1.9×2.1×
Owner-earnings yield~52%~47%
Median revenue$789,365$690,019
Related comparisons

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