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Buying a business: Utah vs Wyoming

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

Utah

384 active listings
Active listings384 Edge
Median asking$349,000 Edge
Median cash flow$202,926 Edge
Typical multiple1.7×
Owner-earnings yield~58%
Median revenue$773,753
VS

Wyoming

116 active listings
Active listings116
Median asking$632,500
Median cash flow$182,200
Typical multiple3.5×
Owner-earnings yield~29%
Median revenue$973,668

Who wins?

Utah has 231% more businesses on the market than Wyoming (384 vs 116). Utah is cheaper at the median asking price. Utah trades at a lower multiple (1.7× vs 3.5×), meaning you pay less per dollar of cash flow there.

MetricUtahWyoming
Active listings384116
Median asking$349,000$632,500
Median cash flow$202,926$182,200
Typical multiple1.7×3.5×
Owner-earnings yield~58%~29%
Median revenue$773,753$973,668
Related comparisons

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