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David Greeley
Transworld Business Advisors of Lake Lanier
Serving Hall County, GA
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. Transworld Business Advisors of Lake Lanier are skilled professionals committed to community business success. Call us at 770-225-2910 for free guidance and advise. Our success is driven by our clients successful transitions.
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Buy or Sell a Dry Cleaner
Dry cleaners and garment care businesses listed on BizBuySell include full-service dry cleaning services, multi-location chains, environmentally friendly “green” cleaners, pickup-and-delivery services, and hybrid operations offering laundry and tailoring. Business models range from owner-operated stores with on-site cleaning equipment to route-based services and franchise-affiliated operations. Revenue is typically generated through dry cleaning and pressing of garments, household items, and specialty pieces (such as wedding gowns, draperies, leather, and suede), wash-and-fold laundry services, alterations and repairs, pickup and delivery fees, and auxiliary services like shoe repair or garment storage. Many listings feature established customer bases, repeat business from subscription or route clients, and diversified income from multiple storefronts or contract work with hotels and uniform services. Some operations also include dry cleaning equipment (solvent-based or organic systems), pressing and finishing machinery, fleet vehicles, real estate, or franchise support, providing buyers with recurring revenue and room for growth in the garment care and textile services industry.
| Market Overview | Listings for Sale (Median) |
|---|---|
| Number of Businesses Analyzed | 294 |
| Asking Price | $270,297 |
| Reported Revenue | $315,500 |
| Reported Seller's Discretionary Earnings | $120,000 |
Financials based on businesses that listed an asking price, annual revenue, and seller's discretionary earnings.
Asking Price
| Lower Quartile | Median | Upper Quartile |
|---|---|---|
| $150,000 | $270,297 | $450,000 |
Market Financial Highlights
The financial data presented here is an aggregation of reported revenue and earnings of Dry Cleaners for sale.
| Bound | Revenue | Seller’s Discretionary Earnings |
|---|---|---|
| Lower Quartile | $200,000 | $76,670 |
| Median | $315,500 | $120,000 |
| Upper Quartile | $495,649 | $191,568 |
Valuation Multiples
The valuation multiples listed below are derived from asking price, revenue, and seller's discretionary earnings of Dry Cleaners listed for sale.
| Bound | Revenue Multiple | Earnings Multiple |
|---|---|---|
| Lower Quartile | 0.66 | 1.69 |
| Median | 0.84 | 2.22 |
| Upper Quartile | 1.07 | 2.88 |
FAQ's
How much does it cost to buy a Dry Cleaner?
The median asking price for an established Dry Cleaner is $270,297, though prices range from under $150,000 to well over $450,000.
How much do Dry Cleaners owners earn?
The median reported revenue of Dry Cleaners is $315,500 and owners earn a median of $120,000, which includes the owners salary and any other financial benefits they receive.
How do I value a Dry Cleaner?
Valuing a business is a complex process, but buyers and sellers often turn to the local market to understand how businesses are priced. Based on our most recent analysis of Dry Cleaners, revenue multiples range from 0.66 to 1.07, with a median of 0.84. Earning multiples range from 1.69 to 2.88, with the median at 2.22. This means the typical Dry Cleaner may ask for around 0.84 times its annual revenue, and 2.22 times its annual owner earnings.
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