Tacoma, WA
$270,000

Tacoma, WA
$270,000

Westchester County, NY
$150,000

Ouachita County, LA
$900,000

Fuquay-Varina, NC
$521,000
West Grove, PA
$100,000
Fayetteville, GA
$250,000
Suffolk County, NY
$389,000
Forest Hills, NY
$110,000
Canton, MI
$45,000
REAL ESTATE INCLUDED
Lake City, FL
$499,000
Available in Multiple Locations
$50,000
Atlantic County, NJ
$700,000
Philadelphia, PA
$35,000
Montgomery County, PA
$300,000
Rochester Hills, MI
$150,000
Clark, NJ
$450,000
Jon Swanson
The Midwest Biz Broker
Serving Douglas County, NE
I am the Midwest Biz Broker working with sellers and buyer all over the Midwest and beyond.
Orlando, FL
$69,000
Mesa, AZ
$90,000
Denton County, TX
$555,000
San Francisco, CA
$100,000
Available in Multiple Locations
$100,000
Snellville, GA
$125,000
Snellville, GA
$400,000
Bucks County, PA
$190,000
REAL ESTATE INCLUDED
Essex County, MA
$1,750,000
Gwinnett County, GA
$395,000
Orange County, FL
$90,000
Windsor, CA
Not Disclosed
Cash Flow: $120,000
Hernando, MS
$500,000
Jonesboro, GA
$175,000
Available in Multiple Locations
$50,000
Volusia County, FL
$495,000
Mecklenburg County, NC
$261,500
Fort Collins, CO
$230,000
REAL ESTATE INCLUDED
Lawton, OK
$415,000
Available Nationwide
$200,000
Catonsville, MD
$295,000
Washington, DC
$1,200,000
Erie, CO
$275,000
Lanham, MD
$350,000
Union County, NJ
$169,000
Rocklin, CA
$200,000
Atlanta, GA
$360,000
Pasadena, CA
$50,000
Momentum Real Estate Group
Momentum Real Estate Group
Serving Kings County, NY
REAL ESTATE INCLUDED
Killeen, TX
$699,999
Available in Multiple Locations
$50,000
Newport News, VA
$120,000
Middlesex County, MA
$115,000
Passaic County, NJ
$450,000
Pequannock Township, NJ
Not Disclosed
Smyrna, GA
$145,000
Worcester County, MA
$149,000
Palm Beach County, FL
$225,000
Lawrenceville, GA
$290,000
Westlake Village, CA
$350,000
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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