Montgomery County, PA
$350,000
Montgomery County, PA
$350,000
King County, WA
$70,000
Bucks County, PA
$300,000
Inglewood, CA
$475,000
Berlin, NJ
$135,000
Suffolk County, NY
$695,000
Dana Point, CA
$995,000
REAL ESTATE INCLUDED
Cook County, IL
$650,000
Camden County, NJ
$365,000
Alpharetta, GA
$55,000
Available in Multiple Locations
$100,000
Johns Creek, GA
$55,000
Broward County, FL
$699,000
Washington, DC
$199,000
Miami, FL
$199,000
Gloucester County, NJ
$675,000
Michael Greene
Sam Goldenberg & Associates
Serving Bernalillo County, NM
Founded in 1983, Sam Goldenberg & Associates produces results for New Mexico business buyers and sellers. No other business brokerage in New Mexico matches our volume of businesses listed and sold. From its origins as a sole proprietor primarily concentrating on the Santa Fe Market, today Sam Goldenberg & Associates has taken a multi-disciplinarian approach supported by a team and led by Michael Greene. Our footprint reaches across New Mexico. When you sell or buy a business with us, you are not only working with the largest business brokerage in New Mexico; you are working with the largest business brokerage in the world. We are New Mexico’s exclusive affiliate of SUNBELT, a network of independent business brokers that spans the globe. Over 250 business brokerages in 13 countries make up the power and reach of the SUNBELT brand. Listing your business with us simultaneously lists your business with our sister company, Sunbelt New Mexico (www.SunbeltNewMexico.com); distributes it to the SUNBELT Network-branded website and its advertising partners; and takes advantage of Sunbelt’s exclusive relationships with Inc. Magazine, Family Business magazine, and USA Today.
Winter Park, FL
$192,694
Hamilton County, OH
$450,000
Baltimore, MD
$499,000
Toms River, NJ
$159,000
Available in Multiple Locations
$100,000
Santa Clara County, CA
$840,000
Palm Beach County, FL
$999,999
Jacksonville, FL
$175,000
Yorba Linda, CA
$80,000
Chandler, AZ
$595,000
Montgomery County, PA
$350,000
Portland, OR
$39,000
Annapolis, MD
$200,000
Oakland County, MI
$675,000
Available Nationwide
$25,000
Oakland County, MI
$675,000
Philadelphia, PA
$250,000
Essex County, MA
$230,000
New City, NY
$400,000
Available Nationwide
$50,000
Denver, CO
$220,000
Marietta, GA
$260,000
Johns Creek, GA
$250,000
Loganville, GA
$299,000
Mesa, AZ
$95,000
Louisiana
$55,000
Yorktown, VA
$50,000
La Mirada, CA
$70,000
Tyler Uphaus
Transworld Business Advisors of Detroit - Novi
Serving Oakland County, MI
Transworld Business Advisors is the world leader in the marketing and sales of businesses, mergers and acquisitions, and franchises. Whether you represent an acquisition-minded corporation or are personally interested in owning your own company or new franchise, Transworld Business Advisors offers the professional services that successfully bring buyers and sellers together.
Denver, CO
$195,000
Available Nationwide
$250,000
REAL ESTATE INCLUDED
Dougherty County, GA
$3,995,000
REAL ESTATE INCLUDED
Beaumont, TX
$995,000
Pinellas County, FL
$275,000
Miami Beach, FL
$145,000
Elk Grove, CA
$215,000
Astoria, NY
$1,300,000
West Palm Beach, FL
$495,000
Charleston County, SC
$895,000
Brooklyn, NY
$160,000
Available in Multiple Locations
$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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