Litchfield County, CT
$25,000
Litchfield County, CT
$25,000
Wilmington, DE
$750,000
Norfolk County, MA
$389,000
San Diego County, CA
$79,000
Atlanta, GA
$110,000
Pinellas County, FL
$30,000
Montgomery County, PA
$385,000
Alameda County, CA
$79,500
Roswell, GA
$150,000
Norfolk County, MA
$353,157
Available in Multiple Locations
$100,000
New Castle County, DE
$200,000
Glendora, CA
$375,000
Maricopa County, AZ
$25,000
Monmouth County, NJ
$600,000
Braselton, GA
$380,000
Rob Lewis MBA, MCBI
DEPLOY Business Advisors, Inc.
Serving Horry County, SC
Deploy Business Advisors, Inc. is a transactional advisory and brokerage group formed to assist discerning business owners along the Grand Strand of SC and across the Carolinas. The Company's mission is to assist as many business owners as possible with the evaluation of enterprise-level cash flow, current market value, and marketability. As the name implies, the Company is founded upon maintaining a constant state of responsive readiness and will deploy a sophisticated set of professional advisory practices meeting or exceeding preferred timelines. Confidentiality, authenticity, integrity, open-communication, and action are all at the core of the Company's tactical business values. On behalf of the confidentiality of it's valued client base, the Company does not advertise or promote any aspects of done deals, which typically fall in the range of $500,000 to $5,000,000. Deploy is fully committed to providing an advisory no-spin zone for clients, first as trusted advisors and secondly as transactional brokers, when the client is prepared and the timing is right in the market. Deploy Business Advisors are experts in facilitating answers to the following FAQs: What should I be doing now to plan for a sale in the future? Where is my business in it's life cycle and is growth sustainable? How is my business performing relative to others in my sector? Is my business in a hot industry, or otherwise? What values do the numbers on my financial statements represent in the current market? What are the intangible, goodwill components of my business value? How does the commercial real estate impact the deal, do I need a Realtor? How long will I need to prepare for being on the market? What will my Marketing Memorandum look like and how important is it to look professional? What should I expect my bottom-line sales price to be relative to asking price? How will the process of marketing and selling my business affect me and my family emotionally? What is a CBI?
Providence County, RI
$125,000
Atlantic Highlands, NJ
$175,000
Virginia Beach, VA
$80,000
Wayne County, MI
$249,000
Available Nationwide
$50,000
Wayne County, MI
$249,000
Santa Clara County, CA
$150,000
Oakland County, MI
$75,000
Royal Oak, MI
$300,000
Washington, DC
$315,000
Merchantville, NJ
$40,000
Boca Raton, FL
$10,000
Albany, CA
$189,000
Los Angeles County, CA
$215,000
Available in Multiple Locations
$50,000
Scottsdale, AZ
$250,000
Scottsdale, AZ
$390,000
Worcester County, MA
$245,000
Saint Louis, MO
$225,000
Available in Multiple Locations
$50,000
Los Angeles, CA
$179,000
REAL ESTATE INCLUDED
Manatee County, FL
$845,000
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
Arvada, CO
$295,000
Arturo P.A.
Biznet Ventures, Inc
Serving Miami-Dade County, FL
Bridgewater, MA
$118,000
Available in Multiple Locations
$50,000
Cherry Hill, NJ
$100,000
Littleton, CO
$120,000
Evergreen, CO
$72,000
Independence Twp, MI
$50,000
Los Angeles County, CA
$40,000
Los Angeles County, CA
$120,000
Los Angeles County, CA
$70,000
Worcester County, MA
$349,000
REAL ESTATE INCLUDED
Shreveport, LA
$1,200,000
Available Nationwide
$50,000
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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