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Buying a business: Pennsylvania vs Texas

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

Pennsylvania

985 active listings
Active listings985
Median asking$350,000
Median cash flow$172,000 Edge
Typical multiple2.0×
Owner-earnings yield~49%
Median revenue$678,000
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 296% more businesses on the market than Pennsylvania (3,900 vs 985). Texas 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.

MetricPennsylvaniaTexas
Active listings9853,900
Median asking$350,000$340,000
Median cash flow$172,000$160,000
Typical multiple2.0×2.1×
Owner-earnings yield~49%~47%
Median revenue$678,000$690,019
Related comparisons

See the full Pennsylvania market or the Texas market, or set a Buy Box across both and let the matches come to you.

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