Union County, NJ
$145,000

Union County, NJ
$145,000
Rocklin, CA
$200,000

Atlanta, GA
$360,000
Pasadena, CA
$50,000
REAL ESTATE INCLUDED
Killeen, TX
$699,999
Newport News, VA
$120,000
Middlesex County, MA
$115,000
Passaic County, NJ
$450,000
Smyrna, GA
$145,000
Worcester County, MA
$149,000
Available Nationwide
$25,000
Palm Beach County, FL
$225,000
Minnesota
$190,000
Lawrenceville, GA
$290,000
Westlake Village, CA
$350,000
Powder Springs, GA
$70,000
Dan Adkins
Dan Adkins
Serving Knox County, TN
The agents at Premier Brokerage bring together more than 58 years of combined experience in entrepreneurship, investing, consulting, and brokerage services, totaling over $75 Million in brokered transaction volume. As active entrepreneurs and investors, the team at Premier Brokerage understands the challenges and concerns faced by today’s owners, and the opportunities available for tomorrow.
Nassau County, NY
$400,000
Flushing, NY
$495,000
Pennsauken, PA
$100,000
Mississauga, ON
$649,000
Available Nationwide
$50,000
Acworth, GA
$700,000
Lawrenceville, GA
$75,000
Atlanta, GA
$80,000
Phoenix, AZ
$265,000
Knox County, TN
$795,000
Norfolk County, MA
$351,107
Great Neck, NY
$395,000
Henderson, NV
$99,000
Duluth, GA
$70,000
Available in Multiple Locations
$200,000
Covington, WA
$400,000
REAL ESTATE INCLUDED
Erie, PA
$1,600,000
Vallejo, CA
$329,000
Long Beach, CA
$80,000
Available in Multiple Locations
$30,000
Queens, NY
$395,000
Miami, FL
$385,000
Englewood, CO
$250,000
Rochester Hills, MI
$85,000
Oakland County, MI
$315,000
Oakland County, MI
$315,000
Hampstead, MD
$75,000
Dallas County, TX
$125,000
Ron Wiebe
Investiprise
Serving Canada
Federal Heights, CO
$220,000
Available in Multiple Locations
$50,000
Fair Oaks, CA
$85,000
Drexel Hill, PA
$260,000
Delaware County, PA
$500,000
Washington, DC
$225,000
Santa Rosa, CA
$495,000
Louisville, TN
$750,000
Lawrenceville, GA
$99,000
Fairfax, VA
$550,000
REAL ESTATE INCLUDED
Floyd County, GA
$3,800,000
Available in Multiple Locations
$100,000
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.
More for Business Buyers:
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