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Buying a business: Texas vs Utah

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

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
VS

Utah

385 active listings
Active listings385
Median asking$349,500
Median cash flow$202,926 Edge
Typical multiple1.7×
Owner-earnings yield~58%
Median revenue$780,152

Who wins?

Texas has 913% more businesses on the market than Utah (3,900 vs 385). Texas is cheaper at the median asking price. Utah trades at a lower multiple (1.7× vs 2.1×), meaning you pay less per dollar of cash flow there.

MetricTexasUtah
Active listings3,900385
Median asking$340,000$349,500
Median cash flow$160,000$202,926
Typical multiple2.1×1.7×
Owner-earnings yield~47%~58%
Median revenue$690,019$780,152
Related comparisons

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