Somerset County, NJ
Newly Listed! Beautiful dry cleaners for sale! This gorgeous dry cleaning business is run ABSENTEE. Turn key business that has room to double its capacity. This cleaner might possibly be the busiest,...
Somerset County, NJ
Newly Listed! Beautiful dry cleaners for sale! This gorgeous dry cleaning business is run ABSENTEE. Turn key business that has room to double its capacity. This cleaner might possibly be the busiest,...
$600,000
Cash Flow: $150,000
Mercer County, NJ
Profitable dry cleaner in a shopping center, where there are many WELL-KNOWN national stores. The current business is returning to its pre-COVID level....
$250,000
Cash Flow: $137,000
Spring Lake, NJ
Seize this unique opportunity to own a well-established, highly profitable dual business in a prime location with a phenomenal reputation in its community! This turnkey operation combines a successful...
$775,000
Camden County, NJ
$50,000
Franklin Township, NJ
$100,000
Brick Township, NJ
$120,000
Bergen County, NJ
$980,000
Summit, NJ
$240,000
Monmouth County, NJ
$350,000
Middlesex County, NJ
$120,000
Available in New Jersey
$100,000
Cape May County, NJ
$150,000
Monmouth County, NJ
$600,000
Atlantic Highlands, NJ
$175,000
Merchantville, NJ
$40,000
Cherry Hill, NJ
$100,000
Johanne Sharp-Sermania
Transworld Business Advisors of Philadelphia Main Line & South Jersey
Serving Atlantic County, NJ
For over forty-five years, Transworld has specialized in the sale of businesses and commercial real estate. Today Transworld Business Advisors is a global network of brokers offering a turnkey solution for those that want to build a solid business and future for themselves while maintaining a balanced quality of life. With our comprehensive training programs, full marketing support, and local field support, you won't have to start from scratch. Our trained experts and mentors will help you every step of the way.
Sicklerville, NJ
$100,000
Berlin, NJ
$135,000
Camden County, NJ
$365,000
Gloucester County, NJ
$675,000
Toms River, NJ
$159,000
Available in New Jersey
$75,000
Cherry Hill, NJ
$400,000
Maywood, NJ
$629,000
Marlboro, NJ
$450,000
Maple Shade, NJ
$200,000
Pemberton Township, NJ
$2,000
Ocean County, NJ
$499,000
Rahway, NJ
$1,000,000
Livingston, NJ
$2,200,000
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 in New Jersey, 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 in the state. All data is based on broker and business owner provided financial information.
Market Overview
Number of Businesses Analyzed |
25 |
Median Asking Price |
$230,750 |
Median Reported Revenue |
$348,599 |
Median Reported Earnings |
$160,000 |
Financials based on businesses that listed an asking price, annual revenue, and seller's discretionary earnings. |
New Jersey Dry Cleaner Business Valuation Multiples
Range |
Revenue |
Earnings (SDE) |
Lower Quartile |
0.61 |
1.42 |
Median |
0.78 |
2.22 |
Upper Quartile |
0.95 |
2.57 |
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 in New Jersey?
The median asking price for a dry cleaning business in New Jersey is approximately $230,750. 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 in New Jersey report median annual sales of $348,599 and annual owner earnings of $160,000. 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. In New Jersey, dry cleaner revenue/sales multiples range from 0.61 to 0.95, with the median at 0.78. Earnings multiples range from 1.42 to 2.57, with the median at 2.22. These values suggest a typical New Jersey 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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