Martinsville, NJ
$120,000

Martinsville, NJ
$120,000

Dania Beach, FL
$347,000

Riverside, CA
$450,000

Frederick, MD
$160,000
Tarzana, CA
$199,000
Denton, TX
$500,000
Suffolk County, NY
$550,000
Miami-Dade County, FL
$350,000
Gaithersburg, MD
$2,000,000
Marion County, IN
$250,000
Available Nationwide
$65,000
Oakland County, MI
$160,000
Oakland County, MI
$160,000
$255,000
Marietta, GA
Westlake Village, CA
$350,000
Winter Park, LA
$199,000
Young Woo
YIBROKER
Serving Gwinnett County, GA
YIBROKER, we use decades of experience and industry reputation to help you find the business investment you're looking for. We are committed to assisting our clients find their next investment with custom-tailored deals.
Winter Park, FL
$229,000
Acworth, GA
$700,000
REAL ESTATE INCLUDED
Beaumont, TX
$995,000
Gresham, OR
$100,000
Delaware County, PA
$78,000
Available in Multiple Locations
$75,000
West Virginia
$99,000
San Francisco, CA
$100,000
$2,000,000
Delaware County, PA
Chico, CA
$599,999
Hawaii
$275,000
Houston, TX
$375,000
Leesburg, VA
$150,000
Union County, NJ
$390,000
Orange County, CA
$250,000
Burlington County, NJ
$200,000
Available in Multiple Locations
$75,000
Costa Mesa, CA
$299,000
Knox County, TN
$795,000
$295,000
Norwood, MA
Pleasant Hill, CA
$25,000
Summit, NJ
$240,000
Available in Multiple Locations
$100,000
Tarrant County, TX
$550,000
Suffolk County, NY
$185,000
Durango, CO
$275,000
Suffolk County, NY
$150,000
Florida
$699,000
Alex Sanchez
Realty One Group
Serving Orange County, CA
Houston, TX
$95,000
REAL ESTATE INCLUDED
Foley, FL
$999,900
North Las Vegas, NV
$500,000
Suffolk County, NY
$150,000
Available in Multiple Locations
$150,000
Collier County, FL
$80,000
New Castle County, DE
$200,000
Broomfield County, CO
$462,000
Boca Raton, FL
$360,000
Denton County, TX
$499,000
Oakland County, MI
$125,000
Austell, GA
$200,000
Oakland County, MI
$125,000
Pequannock Township, NJ
Not Disclosed
Available in Multiple Locations
$60,000
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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