Houston, TX
$100,000

Houston, TX
$100,000
Newhall, CA
$100,000

REAL ESTATE INCLUDED
Warner Robins, GA
$650,000

Los Angeles, CA
$598,000
Atlanta, GA
$100,000
Hampton, VA
$50,000
North Kingstown, RI
$80,000
Lakewood, CO
$68,000
Middlesex County, MA
$160,000
Maple Shade, NJ
$200,000
Available in Multiple Locations
$60,000
Norfolk County, MA
$99,000
Georgia
$470,000
Spring, TX
$79,000
Fort Lauderdale, FL
$370,000
Macomb County, MI
$139,000
Elio Serpa
WRA Miami Business & Real Estate
Serving Orange County, FL
Elio Serpa is a solid experience business broker with offices at Celebration and Miami in the state of Florida. Elio Serpa also is co-owner and shareholder in other businesses in Florida and Virginia. Elio Serpa has over 16 years of experience as a business owner that allows him to offer great expertise to the buyers and sellers to create such confidentiality and trust in each transaction. Transparency in all transactions is our main goal.
Atlanta, GA
$180,000
York County, PA
$100,000
Brevard County, FL
$150,000
Hialeah, FL
$159,000
Available Nationwide
$65,000
Pemberton Township, NJ
$2,000
Portland, OR
$65,000
King County, WA
$150,000
Essex County, MA
Not Disclosed
Ocean County, NJ
$499,000
Boynton Beach, FL
$69,900
Arlington, TX
$4,300,000
Rahway, NJ
$1,000,000
Farragut, TN
$1,474,000
Available in Multiple Locations
$150,000
Livingston, NJ
$2,200,000
Orange, CA
$180,000
$149,900
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: