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Buying a business: North Dakota vs the U.S. average

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

North Dakota

42 active listings
Active listings42
Median asking$1,000,000
Median cash flow$217,085 Edge
Typical multiple4.6×
Owner-earnings yield~22%
Median revenue$1,470,000
VS

U.S. average

44,097 active listings
Active listings44,097 Edge
Median asking$350,000 Edge
Median cash flow$174,028
Typical multiple2.0×
Owner-earnings yield~50%
Median revenue$735,000

Who wins?

the U.S. average has 104893% more businesses on the market than North Dakota (44,097 vs 42). the U.S. average is cheaper at the median asking price. the U.S. average trades at a lower multiple (2.0× vs 4.6×), meaning you pay less per dollar of cash flow there.

MetricNorth DakotaU.S.
Active listings4244,097
Median asking$1,000,000$350,000
Median cash flow$217,085$174,028
Typical multiple4.6×2.0×
Owner-earnings yield~22%~50%
Median revenue$1,470,000$735,000
Related comparisons

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