Lakewood, CO
$68,000
Lakewood, CO
$68,000
Middlesex County, MA
$160,000
Maple Shade, NJ
$200,000
Norfolk County, MA
$99,000
Georgia
$470,000
Spring, TX
$79,000
Fort Lauderdale, FL
$370,000
Macomb County, MI
$139,000
REAL ESTATE INCLUDED
East Point, GA
$450,000
Atlanta, GA
$180,000
Available in Multiple Locations
$75,000
York County, PA
$100,000
Brevard County, FL
$150,000
Manchester, NH
Pemberton Township, NJ
$2,000
Portland, OR
$65,000
Peter & Carmen Gray
Vintage Sotheby's International Realty Commercial
Serving Napa County, CA
The Elite Club is the Commercial division of Vintage Sotheby’s International Realty. We cover the full spectrum of commercial real estate categories, including business brokerage (often referred to as business opportunities or Mergers and Acquisitions/M&A) and development, in addition to luxury and residential real estate. We are a specialized group of full service real estate advisors that provide clients with unparalleled experience in buying, selling, exchanging or leasing real estate. About Peter Gray, Managing Partner, VSIR Commercial Office: 415.839.8339 / Email: peter@carmengraycre.com For more than 19 years, as an entrepreneur and fractional COO, Peter has been involved in nearly every facet of developing and growing businesses, raising capital and turning businesses into valuable assets. Bringing his market knowledge, negotiating expertise and research/analytical skills to the Commercial Real Estate industry, Peter is focused on Business Opportunities (Business Brokerage) along with Specialty Properties, Wineries, Vineyard Estates and Industrial Properties. About Carmen Gray, Managing Partner, VSIR Commercial Office: 707.410.5399 / Email: carmen@carmengraycre.com Carmen has deep experience in commercial real estate throughout the whole of California and has a particular affinity for wineries, vineyard estates and developable land, along with Luxury residential properties. Carmen’s diverse background includes a high performing history of business, corporate sales and marketing, team management and a degree in intercultural communications. This has enhanced her ability to think outside of the box and focus on maximizing the return on investments for her Real Estate Clients. She is also well known for her collaborative working style both within and between dynamic business organizations.
Beverly Hills, CA
$150,000
Kitsap County, WA
$220,000
Duval County, FL
$155,000
Essex County, MA
Available in Multiple Locations
$45,000
Ocean County, NJ
$499,000
Boynton Beach, FL
$69,900
Woodbridge, VA
$320,000
Arlington, TX
$4,300,000
Rahway, NJ
$1,000,000
Farragut, TN
$1,474,000
Livingston, NJ
$2,200,000
Orange, CA
$180,000
Collin County, TX
$2,300,000
Available in Multiple Locations
$50,000
$149,900
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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