Jun 29, 2024 | Business Appraisal, Business Valuation, Dry Cleaning, Selling a Business
Selling a dry cleaning business can be a demanding, time-consuming process for sellers. You may be preparing the dry cleaners for sale while managing day-to-day operations. A valuation for selling a dry cleaning business can help streamline the sales process. This can...
Jun 12, 2024 | Acquisition, Business Appraisal, Business Valuation, Buying a Business, Dry Cleaning
Buying a dry cleaning business can be an attractive investment opportunity. It offers essential services to the community and stable returns. Regardless of economic fluctuations, people have a recurring need for clean, crisp clothing. If you have your eyes on a dry...
Nov 19, 2023 | Business Valuation, Dry Cleaning
The dry cleaning industry has struggled over the past several years. This is due to various factors such as growing competition and a shift in work attire expectations. As a result, the dry cleaning industry has seen a decline in revenue and profit margins. However,...
Apr 1, 2023 | Cleaning Services, Dry Cleaning, Valuation Multiples
The dry cleaning industry includes businesses that provide dry cleaning and laundering services. Throughout the United States, there are over 28,500 dry cleaning businesses. To stand out in this industry many dry cleaning businesses provide drop-off and pick-up sites...
Jan 31, 2023 | Business Appraiser, Business Valuation, Dry Cleaning
The 2020 pandemic caused a serious decline in the dry cleaning industry. Although conditions have been revamped, the industry is not expected to make a full recovery. Businesses switched to casual dress codes, and consumers use cheaper dry cleaning alternatives. For...
Jan 20, 2023 | Business Appraiser, Dry Cleaning, Value Drivers
The dry cleaning industry suffered greatly during the pandemic. While the economy has recovered, this industry is not expected to heal completely. Due to cheaper dry cleaning alternatives and businesses resorting to casual attire, a decline in the industry will likely...
