Tacoma, WA
$270,000

Tacoma, WA
$270,000

Fuquay-Varina, NC
$371,000

Lake Forest, CA
$420,000

Forest Hills, NY
$110,000
Philadelphia, PA
$35,000
Montgomery County, PA
$350,000
Rochester Hills, MI
$150,000
Clark, NJ
$450,000
Mesa, AZ
$80,000
Snellville, GA
$125,000
Available in Multiple Locations
$100,000
Bucks County, PA
$190,000
REAL ESTATE INCLUDED
Essex County, MA
$1,750,000
Gwinnett County, GA
$395,000
Orange County, FL
$90,000
Windsor, CA
Not Disclosed
Cash Flow: $120,000
William Bruce, ABI, SVA
William Bruce Business Sales & Acquisiti
Serving Mobile County, AL
With offices in Fairhope, Alabama and Baton Rouge, Louisiana, William Bruce Business Sales & Acquisitions, LLC is a full service, national business brokerage and valuation firm serving privately held businesses with special attention given to pricing, strategic marketing, successful negotiation and prompt closings, all the while maintaining strict confidentiality. The firm is a "boutique" advisory service handling ONLY the sales, mergers and acquisitions of businesses with documented earnings. In reviewing any offerings by this firm, you can be assured that the numbers have been proven and are real. William Bruce currently serves as president of the American Business Brokers Association, an organization of over 7,400 professionals. Email: Will@WilliamBruce.org Website: www.WilliamBruce.org Fairhope, AL. Office (251) 990-5934 Baton Rouge, LA Office (225) 465-5799
Hernando, MS
$500,000
Jonesboro, GA
$175,000
Mecklenburg County, NC
$261,500
REAL ESTATE INCLUDED
Lawton, OK
$415,000
Available in Multiple Locations
$30,000
Erie, CO
$235,000
Lanham, MD
$300,000
Union County, NJ
$159,000
Atlanta, GA
$360,000
Middlesex County, MA
$115,000
King County, WA
$240,000
Passaic County, NJ
$450,000
Worcester County, MA
$139,000
Palm Beach County, FL
$180,000
Available Nationwide
$60,000
Minnesota
$150,000
Lawrenceville, GA
$290,000
Lawrenceville, GA
$270,000
Nassau County, NY
$400,000
Available Nationwide
$50,000
Pennsauken, NJ
$100,000
Mississauga, ON
$649,000
Lawrenceville, GA
$75,000
Phoenix, AZ
$265,000
Norfolk County, MA
$351,107
Great Neck, NY
$395,000
Covington, WA
$400,000
Vallejo, CA
$329,000
WOO JAE 'TOM' PARK
KEY REALTY LLC
Serving Clark County, NV
Long Beach, CA
$80,000
Available in Multiple Locations
$50,000
Queens, NY
$395,000
REAL ESTATE INCLUDED
Madison County, AL
$999,000
Rochester Hills, MI
$85,000
Oakland County, MI
$315,000
Oakland County, MI
$315,000
Montgomery County, PA
$140,000
Hampstead, MD
$75,000
Dallas County, TX
$125,000
Federal Heights, CO
$220,000
Available in Multiple Locations
$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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