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BIZBITE
345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked
Service
66
/100 score
Strong

Dry Cleaning

A shrinking industry — which means the survivors are printing money

The US has lost 30%+ of its dry cleaning businesses since 2018. The shops that remain are charging more, serving loyal repeat customers, and running leaner than ever. A well-located dry cleaner generating $350K–$600K is a cash machine — predictable walk-in traffic, professional clientele, high repeat rates, and zero ecommerce risk. Consolidation has created a buyer's market: prices are reasonable and the remaining customer base is loyal.

Avg Revenue

$400K

Profit Margin

35%

Acquisition Multiple

1.4x - 2.6x

Startup Cost

$80K - $500K

Difficulty

3/5

How It Works

Customers drop off garments that cannot be machine-washed — suits, dresses, formal wear, specialty fabrics. You clean using professional solvents or modern wet-cleaning systems, press and steam each piece, and return them on schedule. Revenue per order ranges $8–$75+ per garment. Dry cleaners thrive on habit: professionals bring in the same items on the same day every week.

Revenue Range

Low End
$150K
Typical
$400K
High End
$700K

Real Acquisitions in This Category

SBA 7(a) change-of-ownership loans · NAICS 812320 · Drycleaning and Laundry Services (except Coin-Operated)

Deals tracked
192
95 in last 24 mo
Median loan
$430K
$261K–$720K p25/p75
Implied deal size
$505K
median · ~85% LTV
Charge-off rate
11.1%
of loans that finished

Deal Size Distribution

<$150K
16
$150K–500K
98
$500K–1M
42
$1M–2M
29
>$2M
7

Deal Flow Over Time

Deals per year · median loan
$301K
2020
28
$580K
2021
9
$377K
2022
16
$750K
2023
25
$350K
2024
37
$453K
2025
66
$385K
2026
11
12-month momentum
-33.3%
deal volume vs prior 12 mo
Median loan Δ
+32.0%
38 recent · 57 prior

Financing Profile

Median rate
9.75%
5% fixed · last 24 mo
Median term
120 mo
standard 10-yr
Collateralized
99%
of loans secured
Median jobs
8
supported per deal
Top lenders in this space
The Huntington National Bank14
Hanmi Bank14
New Millennium Bank7
Bank of Hope7
Merchants Bank of Indiana7
Where deals happen
TX33
CA23
GA18
FL17
IL14
NY11
PA10
NJ9
CO7
AZ6
Franchise vs independent
Franchised acquisitions finance at $539K median vs $426K for independents — a +27% franchise premium. Franchises make up 7% of deals tracked.

Recent Comparable Deals

ClosedStateLoanImplied dealJobsFranchise
Dec 2025IL$30K$35K5
Dec 2025IL$312K$368K5
Dec 2025TX$457K$538K9
Nov 2025CO$593K$698K5
Nov 2025GA$290K$341K5
Nov 2025CO$645K$759K6
Nov 2025MI$1.0M$1.2M13
Nov 2025NV$385K$453K14
Nov 2025FL$2.3M$2.7M60
Nov 2025AZ$234K$275K2
Volume rank #39/534Deal-size rank #441/534Momentum rank #172p90 loan: $1.6MData as of Dec 2025

Source: SBA 7(a) FOIA dataset, filtered to acquisitions (loans where business age is "Change of Ownership"). Implied deal size assumes an 85% loan-to-purchase ratio, a common SBA change-of-ownership structure. Charge-off rate shown only when 10+ loans have resolved (paid in full or charged off). Interest rates reflect last 24 months only. Actual deal values vary with equity injections, seller financing, and working capital terms.

Pros

  • +Industry consolidation means less competition and stronger neighborhood pricing power
  • +Loyal customer base — professionals become habitual weekly customers for years
  • +Recession-resistant: employed professionals always need clean clothes
  • +Add-on services (alterations, pickup/delivery, wedding preservation) boost avg ticket

Cons

  • -Environmental regulations on perchloroethylene (perc) solvents are tightening in many states
  • -Dry cleaning equipment (presses, cleaning machines) is expensive to replace when it fails
  • -Skilled pressers and spotters are genuinely hard to hire and retain

Best For

Owner-operators willing to work hands-on in a neighborhood service business with strong customer loyalty

Operating Costs

Key costs: equipment maintenance, chemical/solvent supply, lease (foot traffic location matters), and labor for 2–3 staff. Green wet-cleaning equipment cuts regulatory risk and often commands premium pricing.

SBA Financing Estimator

Adjust the deal — see if it cash flows after debt service

+$6K/mo
after debt service
Deal price — $510K
Range: $360K (1.4×) to $1.4M (2.6×+)
Down payment — 15% ($77K)
SBA minimum equity injection is 10% for change-of-ownership
Interest rate — 9.75%
SBA median for this category: 9.8%
Loan term — 10 years (120 mo)
SBA median for this category: 120 months
Down payment
$77K
15% equity injection
Loan amount
$434K
85% SBA-financed
Monthly payment
$6K/mo
$247K total interest
Monthly profit
$12K/mo
at 35% margin
Monthly cash flow after debt service
+$6K/mo
Down payment paid back in ~13 months — strong return

Estimates only. Excludes owner compensation, capex, working capital draws, and taxes. Margin assumes average occupancy and volume. Actual SBA terms vary by lender and borrower profile.

Where to Buy

BizBuySell

Largest marketplace for dry cleaning business acquisitions

BizQuest

Find dry cleaning businesses across all price ranges and markets

Coin Laundry Association

Industry resources for laundry and dry cleaning operators

66/100Strong

Acquisition Score

Profit margin
23/30
Entry multiple
30/25
Market depth
13/20
Risk (charge-off)
0/15
Deal momentum
0/10

Scores margin (30), entry multiple (25), SBA market depth (20), category risk (15), and deal momentum (10). Higher = better acquisition candidate.

Quick Facts

Category
service
Difficulty
3/5
Buy price
$560K$1.0M

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