Bergen County, NJ
$980,000
Bergen County, NJ
$980,000
Leesburg, VA
$150,000
Phoenix, AZ
$275,000
Sterling, VA
$100,000
Montclair, VA
$80,000
Santa Clara County, CA
$179,500
Summit, NJ
$240,000
Miami, FL
$385,000
Thousand Oaks, CA
$350,000
REAL ESTATE INCLUDED
Linn County, IA
$775,000
Available in Multiple Locations
$50,000
Monmouth County, NJ
$350,000
Catonsville, MD
$295,000
Hialeah, FL
$1,500,000
Levittown, NY
$250,000
Shelby County, TN
$299,000
Harold McGee
We Sell Group
Serving Travis County, TX
We are a part of a publicly traded international (24 countries and growing) commercial business brokerage and real estate sales organization so when you work with is you the local care and attention but the exposure of our massive network of professionals around the globe..
Pasadena, CA
$50,000
REAL ESTATE INCLUDED
Lake County, FL
$1,895,000
Middlesex County, NJ
$120,000
Lawrenceville, GA
$190,000
Available in Multiple Locations
$150,000
Manassas, VA
$150,000
Oakland County, MI
$125,000
Oakland County, MI
$125,000
Kennesaw, GA
$220,000
Saratoga County, NY
$250,000
Sacramento, CA
$235,000
Whittier, CA
$160,000
Phoenix, AZ
$700,000
Cape May County, NJ
$150,000
Available Nationwide
$50,000
Delaware County, PA
$89,900
King County, WA
$320,000
Dallas County, TX
$275,000
Brevard County, FL
$314,999
Available in Multiple Locations
$100,000
Evergreen, CO
$160,000
Melbourne, FL
$325,000
Orlando, FL
$69,000
San Francisco County, CA
$176,000
Norfolk County, MA
$80,425
Seattle, WA
$290,000
Yardley, PA
$150,000
Merrick, NY
$130,000
Jonathan Naguit
fiduciarRE
Serving King County, WA
Jonathan Naguit's mission is to help his clients in their acquisition and disposition of their business and/or real estate properties to bring the highest & best returns from their investments, and for real estate that serves you well either/both in tangible & intangible ways. For dispositions, his primary objective is to bring Sellers the highest price & the best terms achievable in the prevailing market, including exploring options to increase asset values for even better outcomes.
Arvada, CO
$40,000
Available in Multiple Locations
$60,000
Oakland County, MI
$110,000
Maricopa County, AZ
$285,000
Jonesboro, GA
$175,000
New Market, ON
$249,800
Virginia
$4,300,000
Litchfield County, CT
$25,000
Wilmington, DE
$750,000
Norfolk County, MA
$389,000
San Diego County, CA
$79,000
Available in Multiple Locations
$55,000
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:
Set Up Alerts and Notifications
Business Buyer Learning Center
More for Business Sellers: