Westlake Village, CA
$350,000
Westlake Village, CA
$350,000
Powder Springs, GA
$59,000
Nassau County, NY
$400,000
Flushing, NY
$495,000
Norwood, MA
$125,000
Pennsauken, PA
$100,000
Mississauga, ON
$649,000
Gilbert, AZ
$180,000
Acworth, GA
$700,000
Columbia County, OR
$120,000
Available in Multiple Locations
$150,000
Lawrenceville, GA
$75,000
Idaho Falls, ID
$299,000
$159,000
Topeka, KS
Cumberland County, NC
$160,000
Atlanta, GA
$80,000
Kavita Purohit
River Brokers
Serving Richland County, LA
River Brokers is a premier commercial brokerage firm that provides investment opportunities throughout the United States. River Brokers is based in Atlanta, GA, serving clientele primarily in the Southeast. Visit our website at https://riverbrokers.com/
Knox County, TN
$795,000
Denver, CO
$99,000
Mecklenburg County, NC
$261,500
Great Neck, NY
$395,000
Henderson, NV
$99,000
Available in Multiple Locations
$50,000
Duluth, GA
$70,000
REAL ESTATE INCLUDED
Cheyenne, WY
$725,000
$700,000
Littleton, CO
Bend, OR
$525,000
Long Beach, CA
$80,000
Queens, NY
$395,000
Charlotte County, FL
$250,000
San Diego County, CA
$450,000
Suffolk County, NY
$70,000
Miami, FL
$375,000
Available in Multiple Locations
$100,000
Englewood, CO
$250,000
Rochester Hills, MI
$85,000
$2,000,000
Delaware County, PA
Salisbury, MD
$250,000
Oakland County, MI
$315,000
Available in Multiple Locations
$65,000
Oakland County, MI
$315,000
Lake Forest, CA
$445,000
San Jose, CA
$250,000
Westminster, CO
$80,000
Hampstead, MD
$75,000
Sam Ali
Lonestar Business Advisor
Serving Denton County, TX
The members of Lonestar Business Advisors have been brokering businesses since the past 20 years nationwide. All brokers are BCB Certified and members of TABB. We ensure professionalism, knowledge, trust, and competency. We assist you from start to finish making your business buying or selling experience worry and trouble free. The CEO, President, and Marketing Directors all have advanced Masters degrees and certifications. Our goal is to make the American Dream a Reality.
Dallas County, TX
$125,000
Tarrant County, TX
$190,000
$189,000
Selden, NY
Federal Heights, CO
$220,000
Ouachita County, LA
$900,000
Available in Multiple Locations
$50,000
Fair Oaks, CA
$85,000
Contra Costa County, CA
$550,000
Long Beach, CA
$230,000
REAL ESTATE INCLUDED
New Haven County, CT
$480,000
Wayne, PA
$500,000
Washington, DC
$225,000
REAL ESTATE INCLUDED
Solano County, CA
$2,650,000
Santa Rosa, CA
$495,000
Louisville, TN
$750,000
Available Nationwide
$50,000
Dry cleaners are a core business in any community. They treat our most expensive clothes and fabrics and are a regular stop for most people. As a business, owners enjoy relatively stable income, but there are fairly high up-front capital requirements. The expense of the initial set-up makes buying and selling established dry cleaning businesses popular.
If you are looking to buy or sell a dry cleaner business, it helps to have some context on the market, and to understand how they are valued. Below, we have aggregated financial data from current and recent listings to provide some benchmarks on valuation and financial performance of dry cleaning businesses. All data is based on broker and business owner provided financial information.
Market Overview
Number of Businesses Analyzed |
415 |
Median Asking Price |
$247,250 |
Median Reported Revenue |
$300,000 |
Median Reported Earnings |
$125,691 |
Financials based on businesses that listed an asking price, annual revenue, and seller's discretionary earnings. |
Dry Cleaner Business Valuation Multiples
Range |
Revenue |
Earnings (SDE) |
Lower Quartile |
0.60 |
1.58 |
Median |
0.78 |
2.22 |
Upper Quartile |
1.02 |
3.01 |
Revenue and earnings multiples based on reported revenue, seller's discretionary earnings, and asking price. |
Read the Report:
Dry Cleaning Business Valuation Multiples and Financial Benchmarks
FAQs
How much does it cost to buy a dry cleaning business?
The median asking price for a dry cleaning business is approximately $247,250. However, this can vary significantly depending on the size, location, and financial performance of the store.
How much do dry cleaner owners earn?
On average, dry cleaner owners report median annual sales of $300,000 and annual owner earnings of $125,691. These figures are based on businesses that have listed their annual revenue and seller's discretionary earnings.
How do I value a dry cleaning business?
Valuing a dry cleaning business involves considering several factors, including annual revenue, profit margins, and market conditions. Brokers, business owners, and business buyers will typically rely on valuation multiples to gauge business value relative to similar businesses in the market. Dry cleaner revenue/sales multiples typically range from 0.60 to 1.02, with the median at 0.78. Earnings multiples range from 1.58 to 3.01, with the median at 2.22. These values suggest a typical dry cleaning business will sell for around 0.78 times its annual revenue, and 2.22 times its annual owner’s earnings.
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