Two markets side by side — inventory, pricing, and what you actually pay per dollar of cash flow, from live Waterfall data.
South Dakota has 107% more businesses on the market than North Dakota (87 vs 42). South Dakota is cheaper at the median asking price. South Dakota trades at a lower multiple (3.5× vs 4.6×), meaning you pay less per dollar of cash flow there.
| Metric | North Dakota | South Dakota |
|---|---|---|
| Active listings | 42 | 87 |
| Median asking | $1,000,000 | $500,000 |
| Median cash flow | $217,085 | $143,297 |
| Typical multiple | 4.6× | 3.5× |
| Owner-earnings yield | ~22% | ~29% |
| Median revenue | $1,470,000 | $718,167 |
See the full North Dakota market or the South Dakota market, or set a Buy Box across both and let the matches come to you.
Turn on the Waterfall, set your thesis, and see the deals that fit — in North Dakota, South Dakota, or anywhere.