King County, WA
$385,000
King County, WA
$385,000
Scottdale, GA
$450,000
Seattle, WA
$110,000
Los Angeles County, CA
$180,000
Aurora, CO
$1,200,000
Duluth, GA
$89,000
Delaware County, PA
$150,000
Columbus, OH
$69,900
Fort Collins, CO
$250,000
Newport Beach, CA
$425,000
Available Nationwide
$100,000
Duluth, GA
$160,000
Tempe, AZ
$224,900
Los Angeles County, CA
$160,000
REAL ESTATE INCLUDED
Forsyth County, NC
$700,000
Marietta, GA
$179,000
Robert Flynn
United Brokers Group LLC
Serving Providence County, RI
Four brokers, twenty eight cooperating brokers, and operating in seven states from New Hampshire to New Jersey. Brokers are also licensed realtors in multiple states. Specializing in sales and acquisitions of closely held businesses. Massachusetts, Rhode Island, Connecticut, New York, and New Jersey. Sharp focus on Manufacturing, Insulation Installation, Technology, Healthcare, Marine, and Large Gas Stations with real estate, and Liquor Stores. United Brokers Group LLC is a leading generator of SBA loans in its markets with multiple referral agreements in place with leading banks. Mr. Flynn is an "Industry Expert" for "The Business Reference Guide" in the Manufacturing category. Licensed Real Estate Broker in Massachusetts and Rhode Island and a Primary Broker in Rhode Island. Contributing author and under contract to author articles for the BizBuySell "Knowledge Center" and has been quoted multiple times in "Inc. Magazine", Bloomberg News, other publications. Marketing strategy tactics include selling New England businesses to those from outside the New England region. Innovative marketing plans for Buyers and Sellers. Confidential process. Problem solving. Other Robert Flynn business holdings: 1. Managing Partner, "The Corbett Hub" of Boston. www.CorbettHub.com This company also owns 25% of Boston Valuation Services www.BostonValuations.com and Manhattan Valuation Services www.ManhattanValuations.com 2. Sold his company Key-Tech, Inc. a patented plastics printing system manufacturing technology company to a publicly traded company in Europe.
Acworth, GA
$369,000
Lawrenceville, GA
$250,000
Roswell, GA
$169,000
Denton County, TX
$499,000
Available in Multiple Locations
$50,000
Cook County, IL
$125,000
Dania Beach, FL
$347,000
Omaha, NE
$95,000
Fayetteville, GA
$260,000
Scottsdale, AZ
$256,000
Houston, TX
$329,000
Montgomery County, PA
$150,000
Colorado
Cash Flow: $268,811
District of Columbia, DC
$299,900
Available Nationwide
$105,000
Suffolk County, NY
$424,999
San Diego County, CA
$650,000
Kitsap County, WA
$180,000
Sicklerville, NJ
$100,000
Available in Multiple Locations
$150,000
San Francisco, CA
$249,000
Tarrant County, TX
$1,100,000
Silver Lake, CA
$229,000
REAL ESTATE INCLUDED
Pulaski County, AR
$585,000
Jupiter, FL
$999,999
Lawrenceville, GA
$70,000
Northampton County, PA
$175,000
Van Nuys, CA
$119,000
Scott Ruby
We Sell Restaurants
Serving Ramsey County, MN
We Sell More Restaurants Than Anyone Else. PERIOD.
West Hills, CA
$149,000
Available Nationwide
$30,000
Mountain View, CA
$349,000
Los Angeles County, CA
$230,000
Powder Springs, GA
$360,000
Montgomery County, PA
$340,000
Miami, FL
$425,000
Kane County, IL
$329,000
REAL ESTATE INCLUDED
Denton County, TX
$4,200,000
Orange County, CA
$275,000
Fairfield County, CT
$415,000
Available in Multiple Locations
$30,000
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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