Dry Cleaning Business 

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After all the investment considerations have been made, the next step is to find a potential dry cleaning businesses for sale and make an evaluation to see which best fit your investment criteria. Dry cleaning businesses are usually listed by businesses brokers or by owners themselves on the web, newspaper, and industry related publications. Once a potential businesses is identified and terms are agreed on, the first step is for the buyer to negotiate and complete a letter of intent or LOI to purchase the business. Secondly, a lawyer that preferably specializes in business law should review all contracts and leases to make sure the transaction is legally sound. Lastly, a buyer must do detailed due diligence before closing the transaction.

The following must be considered during the due diligence period.

Revenue Records

Ask for detailed gross revenue and profits for the last 2 years of operation. Are they able to show bank statements supporting their income? Are tax records available?


An inventory list of all equipment should be provided. Factors to consider is age of equipment, warranties, support, and cost of maintenance. Ask for the person who maintains the equipment and ask him questions about any particular issues with the store in question.


Make sure the lease terms are favorable. One should have enough time on the lease to recoup investment and sell the business in the future in case one chooses to. Ask for an exit clause after a certain period of time in case of unexpected changes in the business environment.


Make sure the business is adequately insured.

Cash Business

Dry Cleaning Business that are Self Serve are all car business, which in itself is very attractive to many.


Are there any outstanding debts by the business. If the buyer is to assume debt (in case of equipment), do terms remain the same? are they negotiable?


Who are the competitors in the area? are there other dry cleaning stores being opened in the target area? How does the potential store compare to the competition?


How many employees does the operation require. How much are they earning? Will they stay in the business after change of ownership?


Is the current owner current on all taxes related to the business?


How long has the businesses been in place? how is the businesses perceived? is there room for improvement?


Ask for the last 2 years of utility records. What is the ratio of utilities to revenue? have they been constant?


Ask for the last 2 years of supplies invoices. What is the ratio of supplies to revenue? have they been constant? Revenue of a dry cleaner is directly correlated to supplies used. A certain amount of perc (chemical used to dry clean) is used to generate a certain amount of revenue. Make sure these figures match to avoid businesses overstating income.

The preceding information provides a general guide on how to buy a dry cleaning businesses. But as every businesses situation is different, other questions particular to the businesses should be asked. In addition, it is recommended to consult with other dry cleaning owners or experts to help through the transactions. A  bad transaction can result in headaches, litigation, and even bankruptcy. Therefore, any amount spent on experts is worth the peace of mind.

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