Canton, MI
$45,000
Canton, MI
$45,000

REAL ESTATE INCLUDED
Lake City, FL
$499,000
Atlantic County, NJ
$700,000
Philadelphia, PA
$35,000
Montgomery County, PA
$300,000
Rochester Hills, MI
$150,000
Clark, NJ
$450,000
Orlando, FL
$69,000
Mesa, AZ
$90,000
Denton County, TX
$555,000
Available in Multiple Locations
$50,000
San Francisco, CA
$100,000
Snellville, GA
$125,000
Snellville, GA
$400,000
Bucks County, PA
$190,000
REAL ESTATE INCLUDED
Essex County, MA
$1,750,000
Mike Miller
IBEX
Serving Travis County, TX
Gwinnett County, GA
$395,000
Orange County, FL
$90,000
Windsor, CA
Not Disclosed
Cash Flow: $120,000
Hernando, MS
$500,000
Available in Multiple Locations
$50,000
New Haven County, CT
$150,000
Jonesboro, GA
$175,000
Washington, DC
$315,000
Volusia County, FL
$495,000
Mecklenburg County, NC
$261,500
Fort Collins, CO
$230,000
REAL ESTATE INCLUDED
Lawton, OK
$415,000
Catonsville, MD
$295,000
Washington, DC
$1,200,000
Available Nationwide
$50,000
Erie, CO
$275,000
Lanham, MD
$350,000
Union County, NJ
$169,000
Rocklin, CA
$200,000
Available in Multiple Locations
$200,000
Atlanta, GA
$360,000
Pasadena, CA
$50,000
REAL ESTATE INCLUDED
Killeen, TX
$699,999
Newport News, VA
$120,000
Middlesex County, MA
$115,000
Passaic County, NJ
$450,000
Pequannock Township, NJ
Not Disclosed
Smyrna, GA
$145,000
Emery Ellinger
Aberdeen Advisors, Inc.
Serving Pinellas County, FL
Aberdeen Advisors, Inc. is a premier Mergers & Acquisitions Advisory firm specializing in representing companies with annual revenues in the $10-$100+ million range with owners that wish to sell within one to two years. Aberdeen's primary industries of focus include healthcare, manufacturing, distribution and business services.
Worcester County, MA
$149,000
Available in Multiple Locations
$150,000
Palm Beach County, FL
$285,000
Lawrenceville, GA
$290,000
Westlake Village, CA
$350,000
Powder Springs, GA
$70,000
Nassau County, NY
$400,000
Flushing, NY
$495,000
Pennsauken, PA
$100,000
Mississauga, ON
$649,000
Acworth, GA
$700,000
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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