Glendora, CA
$375,000

Glendora, CA
$375,000

Santa Clara County, CA
$150,000

Albany, CA
$189,000

Los Angeles, CA
$179,000
La Mirada, CA
$85,000
Los Angeles County, CA
$40,000
Los Angeles County, CA
$120,000
Newport Beach, CA
$425,000
Los Angeles County, CA
$160,000
San Diego County, CA
$650,000
Available Nationwide
$50,000
San Francisco, CA
$249,000
Silver Lake, CA
$229,000
Van Nuys, CA
$119,000
West Hills, CA
$149,000
Mountain View, CA
$349,000
Randy Singh
FranBiz Network/CJK
Serving Riverside County, CA
We are experts in Franchise re-sales and have worked with smallest to the largest brands across the US. With over 40 plus years of experience under our belt. To learn more visit our website www.franbiznetwork.com and Call me for a Free Business Valuation!
Los Angeles County, CA
$230,000
Orange County, CA
$275,000
Inglewood, CA
$475,000
Dana Point, CA
$995,000
Available Nationwide
$50,000
Santa Clara County, CA
$840,000
Elk Grove, CA
$215,000
Santa Clara, CA
$75,000
Roseville, CA
$199,000
San Rafael, CA
$149,000
Newhall, CA
$100,000
Los Angeles, CA
$598,000
Orange, CA
$180,000
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 in California, 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 in the state. All data is based on broker and business owner provided financial information.
Market Overview
|
Number of Businesses Analyzed |
73 |
|
Median Asking Price |
$190,000 |
|
Median Reported Revenue |
$276,000 |
|
Median Reported Earnings |
$96,000 |
|
Financials based on businesses that listed an asking price, annual revenue, and seller's discretionary earnings. |
|
California Dry Cleaner Business Valuation Multiples
|
Range |
Revenue |
Earnings (SDE) |
|
Lower Quartile |
0.56 |
1.39 |
|
Median |
0.73 |
2.08 |
|
Upper Quartile |
0.90 |
2.77 |
|
Revenue and earnings multiples based on reported revenue, seller's discretionary earnings, and asking price. |
||
Read the Report:
Dry Cleaning Business Valuation Benchmark Report
FAQs
How much does it cost to buy a dry cleaning business in California?
The median asking price for a dry cleaning business in California is approximately $190,000. 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 in California report median annual sales of $276,000 and annual owner earnings of $96,000. 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. In California, dry cleaner revenue/sales multiples range from 0.56 to 0.90, with the median at 0.73. Earnings multiples range from 1.39 to 2.77, with the median at 2.08. These values suggest a typical California dry cleaning business will sell for around 0.73 times its annual revenue, and 2.08 times its annual owner’s earnings.
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