Toms River, NJ
Imagine yourself stepping into a thriving eco-friendly dry cleaning business that's been serving Ocean County's affluent community for thirty years. You'll be taking over from a retiring owner who has...
$169,000

Toms River, NJ

Jacksonville, FL
Montgomery County, PA

Annapolis, MD
New City, NY
Louisiana
Astoria, NY
Delaware County, PA
Plymouth, MI
Lane County, OR
Available in Multiple Locations
Cherry Hill, NJ
Roseville, CA
Kings County, NY
Plymouth, MI
Chandler, AZ
Jared Dutton
Keller Williams Commercial Legacy Group
Serving Stark County, OH
Jared is the oldest of 4 siblings and grew up in Real Estate business that his Grandfather, Dwight "Tom" Dutton started in 1959 as “The Dutton Agency” selling Farms & Equipment via Auction. The Dutton Agency began to provide a wider range of Real Estate Services and eventually grew to having Associates cover over 13 States, Canada, and the Bahamas. Through our 50+ years in the Real Estate and Auction Business, our family Dutton Real Estate Group, has sold more than 5,000 properties and 100,000+ Acres in Ohio, Pennsylvania, Michigan, New York, and West Virginia. In 2017 the we teamed with Keller Williams International and their network of Associates.
Hall County, GA
Wilmington, DE
Pontiac, MI
Brockton, MA
Available Nationwide
Maywood, NJ
Massachusetts
Marlboro, NJ
Sandy Springs, GA
Houston, TX
North Kingstown, RI
Middlesex County, MA
Maple Shade, NJ
Georgia
Available in Multiple Locations
Fort Lauderdale, FL
Atlanta, GA
Sumter County, FL
Plantation, FL
Available Nationwide
Miami Lakes, FL
Glendale, CA
La Habra, CA
Bronx, NY
Virginia
Brevard County, FL
Portland, OR
Essex County, MA
Brian Elkin
Elkin & Lee Realty & Business Advisors
Serving New York County, NY
Elkin & Lee Business and Realty Advisors is a boutique agency concentrating on businesses ranging in sales from $500,000 to $20 million. The company has extensive business relationships with small business owners, entrepreneurs, investors, developers, business and real estate brokers throughout the Tri-State area. Our listings on BROKERWORKS/BIZBUYSELL represent only a small selection of our excellent and exclusive business opportunities in many different industries and cater to buyers with all levels of available funds. All listings are supported with financial information that is fully verifiable. We currently represent over 100 businesses that offer an excellent return on investment for qualified buyers. This inventory is coupled with our excellent banking connections allowing us to help facilitate SBA Loans for qualified buyers. We handle all your paperwork. Elkin & Lee Business and Realty Advisors proudly represents both buyers and sellers, who put their trust in us to best represent their business and interests. Call or email us today to find a business for you or to discuss selling your business. Elkin & Lee Business and Realty Advisors, we work to help you secure your future.
Ocean County, NJ
Available in Multiple Locations
Croton-On-Hudson, NY
Livingston, NJ
| Market Overview | Listings for Sale (Median) |
|---|---|
| Number of Businesses Analyzed | 295 |
| Asking Price | $280,000 |
| Reported Revenue | $320,000 |
| Reported Seller's Discretionary Earnings | $120,000 |
Asking Price
| Lower Quartile | Median | Upper Quartile |
|---|---|---|
| $150,000 | $280,000 | $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 | $79,000 |
| Median | $320,000 | $120,000 |
| Upper Quartile | $477,923 | $192,000 |
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 | 0.67 | 1.74 |
| Median | 0.84 | 2.21 |
| Upper Quartile | 1.06 | 2.84 |
FAQ's
How much does it cost to buy a Dry Cleaner?
The median asking price for an established Dry Cleaner is $280,000, 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 $320,000 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 0.67 to 1.06, with a median of 0.84. Earning multiples range from 1.74 to 2.84, with the median at 2.21. This means the typical Dry Cleaner may ask for around 0.84 times its annual revenue, and 2.21 times its annual owner earnings.
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