Top Franchises in South Dakota (SD)
Here are the best franchises for sale in South Dakota. Below is a list of essential demographic data, economic indicators, and insights into key industries that will help you plan out your next franchise venture in South Dakota.
| Population per Square Mile | 11.7 |
| Per Capita Income | $36,850 |
| Total Employer Establishments | 27,951 |
| Total Employment | 363,923 |
| Total Retail Sales per Capita | $16,794 |
South Dakota's economic landscape is marked by a healthy per capita income of $36,850. The state boasts 27,951 employer establishments. A noteworthy aspect is the high total retail sales per capita at $16,794, suggesting a strong consumer spending capability.
South Dakota's economy showed a remarkable real GDP growth rate of 10.1% in the first quarter of 2023. This growth was led by a staggering 144.2% growth in the agriculture, forestry, fishing, and hunting sectors. The state's unemployment rate stood at an impressively low 2.0% in October 2023, lower than the US average, indicating a healthy job market.
The state is home to diverse industries, leading in food science and production. Key sectors include manufacturing, bioscience, value-added agriculture, livestock development, precision agriculture, and cybersecurity. South Dakota is recognized for its business-friendly environment, characterized by reasonable regulations, a secure economy, innovation opportunities, and a reliable workforce.
Cities and Industries
Sioux Falls, SD, offers a prime environment for businesses in the food and beverage industry. With residents spending a significant $749.71 million annually on food-related expenses and an average monthly household expenditure of $843, there's a consistent demand for dining out and groceries. Furthermore, the city's growing population, which is projected to increase by 1.2% annually from 2023 to 2028, along with a median household income of $75,568, provides a strong customer base and purchasing power for this industry to thrive.
Rapid City boasts a thriving home services market with a range of business opportunities. The city's residents, with an estimated shelter expenditure of $485.27 million in 2023, prioritize the upkeep and improvement of their living spaces. A median home value of $269,744 presents a lucrative landscape for businesses offering home improvement, repair, and renovation services.
Rapid City's retail sector is also robust, with a total retail expenditure of $1.08 billion in 2023. Entrepreneurs can leverage this consumer base by considering business opportunities in grocery stores, entertainment venues, or specialty retail shops.
Website Analytics
South Dakota presents a unique business opportunity for potential franchisees. The data from our website reveals an 80.43% bounce rate from South Dakota visitors, averaging 1.44 pages per session and an average session duration of just 48 seconds. These statistics suggest that the competition among franchise seekers in South Dakota is potentially quite low. The lack of engagement points to an open market where entrepreneurs can establish themselves without the usual saturation found in other regions.
Franchise Opportunities
Explore a diverse range of businesses for sale in South Dakota through the listings below.
Franchise Opportunities in South Dakota
Crave is searching for franchise partners in the U.S. We are one of the fastest-growing Hot Dog franchises, winner of best southern BBQ, and expanding rapidly. If you want to own your own business and be your own boss, look…
70k Minimum Cash Required
First on the scene and best in its class, Sky Zone created the world’s first wall-to-wall trampoline park in 2004, bringing healthy, high-flying fun to people across the globe. Now you can be part of this international…
500k Minimum Cash Required
Today's busy lifestyles demand the services PostalAnnex offers. Capitalize on this demand and open your own business!! After retiring from the printing business PostalAnnex founder Jack Lentz began working out of his…
70k Minimum Cash Required
ATAX Tax Service is your premier destination for comprehensive and reliable tax assistance.
40k Minimum Cash Required
We will build, manage, & scale a 100% done-for-you Amazon FBA E-Commerce business. Giving you truly hands-free passive income. Our company utilizes partnerships with established brands, & exclusive pricing with our vetted…
50k Minimum Cash Required
Why Medical/Dental Billing is the business for you... No Experience Needed! Great Income Potential! Flexibility to work at home, on the road, basically anywhere you have Internet access. ClaimTek is the most trusted…
20k Minimum Cash Required
Most Popular Industries & Categories
As of September 14, 2024:
Popular Cities in South Dakota
Facts About South Dakota
| Capital: | Pierre |
| Year of Statehood: | 1880 |
| Largest Cities: | Sioux Falls, Aberdeen |
| Motto: | Under God the people rule. |
| Nickname: | The Mount Rushmore State |
Franchising Economic Indicators in South Dakota
- South Dakota exhibited a strong real GDP growth rate of 10.1% per year in the first quarter of 2023. (source)
- The state's unemployment rate stood at a low 2.0% in October 2023. (source)
- South Dakota is highly rated for labor force participation, fiscal stability, economic freedom, long-term fiscal stability, energy, pollution, and industrial toxins management. (source)
- Other high rankings include 2nd in State Business Tax Climate, 2nd for the Lowest Number of State Regulatory Restrictions, and 2nd for the Highest Volunteer Rate. (source)