Acworth, GA
$700,000

Acworth, GA
$700,000

Gresham, OR
$100,000

Delaware County, PA
$78,000

Chico, CA
$599,999
Hawaii
$275,000
Houston, TX
$375,000
Union County, NJ
$390,000
Burlington County, NJ
$200,000
Costa Mesa, CA
$299,000
Pleasant Hill, CA
$25,000
Available Nationwide
$50,000
Tarrant County, TX
$550,000
Houston, TX
$95,000
REAL ESTATE INCLUDED
Foley, AL
$999,900
North Las Vegas, NV
$500,000
Suffolk County, NY
$150,000
Merrell Stout
Viking Mergers & Acquisitions
Serving Greenville County, SC
Viking's leadership in the industry has pioneered and set the professional standard by which all Intermediary firms are measured. Viking Mergers & Acquisitions is committed to work diligently with every client, as an advocate providing a comprehensive consultative approach to each and every business transaction. Our goal is clear: to maximize the value you derive from buying a business.
New Castle County, DE
$200,000
Broomfield County, CO
$462,000
Denton County, TX
$499,000
Austell, GA
$200,000
Available Nationwide
$40,000
Oakland County, MI
$125,000
Santa Clara County, CA
$50,000
Annandale, VA
$290,000
Hallandale Beach, FL
$699,000
Littleton, CO
$249,000
Golden, CO
$250,000
REAL ESTATE INCLUDED
Denton County, TX
$3,850,000
Bronx, NY
$1,800,000
Portland, OR
$25,000
Available in Multiple Locations
$75,000
Aventura, FL
$310,000
Miami-Dade County, FL
$400,000
Bergen County, NJ
$325,000
South Pasadena, CA
$250,000
Available in Multiple Locations
$200,000
Chester County, PA
$80,000
Placer County, CA
$185,000
Rock Hill, SC
$150,000
Acworth, GA
$349,000
Boynton Beach, FL
$340,000
San Diego County, CA
$625,000
Atlanta, GA
$180,000
New London County, CT
$149,000
Jared Olson
The Firm Advisors, LLC
Serving Cook County, MN
Sells is an accomplished businesswoman with expertise and instinct for mergers and acquisitions. With over 150 transactions under her belt since 2010, she and her team at The Firm specialize in pairing the owners of existing businesses with qualified individuals who can continue the legacy of the business. In 2018 alone they brought 49 businesses to the closing table, which is a nationally recognized high. Sells leads a team of empowered professionals who share her passion for client services and helping buyers and sellers imagine their futures, whether that means retirement, change in industry, or simply acquiring a company to expand their personal wealth. The Firm Business Brokerage works with businesses large and small, from the Middle Market to Main Street. If you’d like to pursue an exit from an existing company or would like to become a business owner without “starting from scratch”, Sells and her team would welcome the opportunity to meet with you. Prior to founding The Firm, Sells founded Agency 89, a talent agency which then became Nebraska’s first licensed talent school. She served as President until the agency’s acquisition in 2009. Among her professional affiliations are Vistage, a board member of Entrepreneur’s Organization Nebraska (EO), Rotary International and the Greater Omaha Chamber of Commerce. She served on the board of Heartland Family Services and volunteers regularly for organizations such as The Leukemia & Lymphoma Society, where she was a nominee for Woman of the Year, St. Patrick’s parish and is a mentor for the Transition Assistance Program at Offutt Air Force Base. Sells was named “Best of Omaha” Business Broker of the Year from 2012-20178 She is also the Editor of The Deal Review, a publication distributed to 21,000 business owners. Her accomplishments include cover stories in Midlands Business Journal, The Daily Record, Omaha Magazine, and features on Fox News and CBS’ Morning Blend. When away from the office, Cortney and her partner Adam enjoy active roles at St. Margaret Mary Catholic School, coaching their daughter Vienna’s soccer team and boating on the lake with their son Knoxx and three dogs.
Brooklyn, NY
$620,000
Available in Multiple Locations
$150,000
Platte County, MO
$270,593
Federal Way, WA
$300,000
Morro Bay, CA
$950,000
$165,000
Westchester County, NY
$390,000
Jefferson County, LA
$290,000
Prince Frederick, MD
$40,000
Suffolk County, NY
$160,000
Palm Springs, CA
$429,900
Available in Multiple Locations
$200,000
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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