Livermore, CA
$349,000

Livermore, CA
$349,000

Norfolk County, MA
$399,000

Pinellas County, FL
$30,000
Montgomery County, PA
$385,000
Alameda County, CA
$79,500
Roswell, GA
$150,000
New Castle County, DE
$200,000
Glendora, CA
$375,000
Maricopa County, AZ
$25,000
Monmouth County, NJ
$600,000
Available in Multiple Locations
$30,000
Atlantic Highlands, NJ
$175,000
Virginia Beach, VA
$80,000
Wayne County, MI
$249,000
Wayne County, MI
$249,000
Santa Clara County, CA
$150,000
Chris Hays
Sunbelt Business Brokers
Serving Kent County, MI
Sunbelt is the world's largest business brokerage firm with approximately 250 licensed offices located throughout the world. More than 1,400 Sunbelt brokers annually coordinate an estimated 4,000 Main Street and Middle Market business transactions. Our business brokers are professionally trained to assist you through every step of selling your business. We cover every West Michigan neighborhood, our experienced team of business brokers understands the market in our area unlike anyone else. Our highly effective listing strategies are designed to maximize the final sale price for every business we represent and our proven formula for success has resulted in a 95% close rate since inception. Through our years of experience, Sunbelt Business Brokers has established a powerful buyer network with thousands of qualified buyers that covers almost every industry.
Springfield, VA
$280,000
Merchantville, NJ
$40,000
Albany, CA
$189,000
Scottsdale, AZ
$250,000
Available in Multiple Locations
$60,000
Scottsdale, AZ
$350,000
Worcester County, MA
$245,000
Saint Louis, MO
$225,000
Los Angeles, CA
$179,000
Tarrant County, TX
$550,000
Lilburn, GA
$330,000
District of Columbia, DC
$90,000
La Mirada, CA
$85,000
Pierce County, WA
$180,000
Available in Multiple Locations
$65,000
Arvada, CO
$295,000
Bridgewater, MA
$118,000
Cherry Hill, NJ
$100,000
Littleton, CO
$120,000
Available Nationwide
$30,000
Independence Twp, MI
$50,000
Los Angeles County, CA
$40,000
Los Angeles County, CA
$120,000
Worcester County, MA
$349,000
REAL ESTATE INCLUDED
Shreveport, LA
$1,200,000
King County, WA
$385,000
Scottdale, GA
$450,000
Seattle, WA
$110,000
Mike Hadad
Transworld Business Advisors
Serving Montgomery County, MD
In today’s economy, there are more people looking to buy and sell businesses than ever before. When a company owner needs to sell their business, they can’t just stick a for sale sign in the window. They need the assistance of a business broker to locate and vet potential buyers. On the other side, buyers rely on the broker to help facilitate the process of evaluating potential businesses and franchises for sale. A Transworld Business Advisor is the solution for both scenarios. For over forty years, Transworld has specialized in the sale of businesses, mergers and acquisitions and franchises. Today Transworld Business Advisors is a global network of brokers offering highly professional and confidential business brokerage services and franchise development packages.
Duluth, GA
$89,000
Available Nationwide
$50,000
Delaware County, PA
$150,000
Columbus, OH
$69,900
Fort Collins, CO
$250,000
Newport Beach, CA
$425,000
Tempe, AZ
$224,900
Los Angeles County, CA
$160,000
REAL ESTATE INCLUDED
Forsyth County, NC
$700,000
Lawrenceville, GA
$250,000
Roswell, GA
$169,000
Available in Multiple Locations
$150,000
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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