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Buying a business: Pennsylvania vs West Virginia

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

Pennsylvania

984 active listings
Active listings984 Edge
Median asking$350,000 Edge
Median cash flow$172,000
Typical multiple2.0×
Owner-earnings yield~49%
Median revenue$678,000
VS

West Virginia

23 active listings
Active listings23
Median asking$675,000
Median cash flow$202,724 Edge
Typical multiple3.3×
Owner-earnings yield~30%
Median revenue$677,371

Who wins?

Pennsylvania has 4178% more businesses on the market than West Virginia (984 vs 23). Pennsylvania is cheaper at the median asking price. Pennsylvania trades at a lower multiple (2.0× vs 3.3×), meaning you pay less per dollar of cash flow there.

Some figures are still filling in as listings are added to one or both markets — this comparison updates automatically as inventory grows.

MetricPennsylvaniaWest Virginia
Active listings98423
Median asking$350,000$675,000
Median cash flow$172,000$202,724
Typical multiple2.0×3.3×
Owner-earnings yield~49%~30%
Median revenue$678,000$677,371
Related comparisons

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