Delaware County, PA
$220,000
Delaware County, PA
$220,000
Jackson County, GA
$600,000
Canton, MI
$300,000
REAL ESTATE INCLUDED
Providence County, RI
$600,000
Saint Louis, MO
$499,000
Woodbridge, VA
$350,000
REAL ESTATE INCLUDED
Ohio
$5,300,000
Atlanta, GA
$530,000
Plymouth, MI
$50,000
Lane County, OR
$595,000
Available Nationwide
$45,000
Middlesex County, MA
$80,000
Anne Arundel County, MD
$495,000
Santa Clara, CA
$75,000
Tippecanoe County, IN
$620,000
Cherry Hill, NJ
$400,000
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/
Las Vegas, NV
$600,000
Roseville, CA
$199,000
Woodstock, GA
$150,000
Kings County, NY
$1,300,000
Available Nationwide
$100,000
Canton, GA
$200,000
Plymouth, MI
$300,000
Snohomish County, WA
$150,000
Chandler, AZ
$179,000
Hall County, GA
$359,000
Dutchess County, NY
$175,000
San Rafael, CA
$149,000
Johns Creek, GA
$300,000
Suffolk County, NY
$120,000
Available in Multiple Locations
$50,000
Wilmington, DE
$80,000
Easton, MA
$67,000
Pontiac, MI
$285,000
Poughkeepsie, NY
$180,000
Available in Multiple Locations
$75,000
Plymouth County, MA
$118,000
Brockton, MA
$370,000
Maywood, NJ
$629,000
Boston, MA
$98,000
REAL ESTATE INCLUDED
Plano, TX
$3,200,000
Macomb County, MI
$199,000
Macomb County, MI
$199,000
Westborough, MA
$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.
Marlboro, NJ
$450,000
Available in Multiple Locations
$97,500
Sandy Springs, GA
$400,000
Houston, TX
$100,000
Newhall, CA
$100,000
REAL ESTATE INCLUDED
Warner Robins, GA
$650,000
Media, PA
$129,000
Los Angeles, CA
$598,000
Atlanta, GA
$100,000
Hampton, VA
$50,000
North Kingstown, RI
$80,000
Available in Multiple Locations
$75,000
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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