Landscaping Business Valuation Multiples 2025
Landscaping businesses command 2.5x–4.5x SDE in today's market. PE consolidation is accelerating. Here's what your landscaping company is worth and what drives the multiple.
Read Article →Valuation BenchmarksMay 2025 · 5 min read
Landscaping Business Valuation in South Dakota: Sioux Falls & Rapid City Market Data 2025
South Dakota landscaping businesses benefit from Sioux Falls' rapidly growing corporate campus grounds, Sanford and Avera Health institutional accounts, Black Hills resort corridor grounds, and South Dakota's 0% state income tax.
JT
Jason Taken
HedgeStone Business Advisors
South Dakota's landscaping market has grown alongside Sioux Falls' emergence as one of the Northern Plains' strongest economies — financial services corporate campus grounds, dual healthcare system institutional accounts, and one of the nation's fastest-growing small metros by population create strong landscaping demand. South Dakota's 0% state income tax creates exceptional exit economics for landscaping sellers.
South Dakota Landscaping Multiples
South Dakota landscaping businesses sell for 2.5x–4.5x SDE. Sioux Falls (Minnehaha County) dominates — South Dakota's largest city with Wells Fargo's Sioux Falls operations center grounds (one of Wells Fargo's largest non-California campuses), Sanford Health's campus (world headquarters and largest facilities), Avera McKennan Hospital grounds, and Sioux Falls' rapidly expanding commercial and residential market. The Brandon, Tea, and Harrisburg suburban growth corridors add new residential landscaping routes. Rapid City (Pennington County) adds Rapid City Regional Hospital, Mount Rushmore National Memorial area resort grounds, and the Black Hills resort corridor. Watertown, Mitchell, and Aberdeen add smaller regional market accounts.
Sanford and Avera Institutional Campus Grounds
Sioux Falls is uniquely home to the world headquarters of both Sanford Health and Avera Health — two of the nation's largest rural health systems. Sanford's Sioux Falls flagship campus (the new $700M+ Sanford Medical Center is one of the largest hospital projects ever built in the Dakotas) and Avera's McKennan Hospital campus together represent the most significant institutional landscaping accounts in South Dakota. Hospital campus grounds management requires professional-grade turf management, seasonal color programs, wayfinding landscape integration, and snow management — comprehensive year-round grounds services. Landscaping businesses with Sanford or Avera approved contractor status generate the most stable institutional grounds revenue in South Dakota.
Black Hills Resort and National Memorial Grounds
The Black Hills corridor — Rapid City, Keystone (Mount Rushmore), Hot Springs, Hill City, and Custer State Park — creates a seasonal resort and government park grounds market. Mount Rushmore National Memorial's grounds maintenance (federal National Park Service contract), the Crazy Horse Memorial complex grounds, Custer State Park's resort areas, and Rapid City's Rushmore Plaza Civic Center all generate institutional and commercial grounds accounts. The Black Hills resort hotels — Alex Johnson Hotel, Kadoka's roadside hospitality corridor, and the growing Mount Rushmore area resort development — add commercial hospitality grounds accounts at billing rates above Sioux Falls market pricing due to the remote location premium.
South Dakota at 0% — Northern Plains' Best Landscaping Exit
South Dakota's 0% state income tax creates exceptional landscaping exit economics — the best in the Northern Plains, matching Wyoming among the Mountain/Plains states. On a $1.5M landscaping exit, South Dakota sellers pay $0 in state income taxes — versus $21,150 in North Dakota (1.41%), $101,250 in Montana (6.75%), or $114,750 in Minnesota (9.85%). Total effective federal rate is approximately 20–23%. South Dakota landscaping business owners with Sanford or Avera Health institutional grounds contracts, Wells Fargo financial services campus accounts, or Black Hills resort corridor grounds should engage a business broker who can market South Dakota's exceptional tax profile to national landscaping platform acquirers.
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