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Selling your dry cleaning business Vincent Murphy business broker advice
The local neighborhood dry cleaner often becomes a hallmark of the community. Nearly everyone walks through its doors at one point or another, and a shop that does quality work with a high level of customer service is bound to collect thousands of satisfied customers over the years. That being the case, is there anything different about selling a dry cleaning business if the owner decides it’s time? What tips can an owner keep in mind to make sure he doesn’t get “taken to the cleaners” by an incoming buyer? The basics apply For the most part, there’s very little about selling a dry cleaner that strays from the basic best practices suggested for selling any kind of business: Maintain excellent records Partner with professionals like a business broker, real estate agent, and accountant to prepare for and facilitate the sale Physical preparation Clean and maintain the equipment and premises so they’re attractive to a buyer. Consider gett...
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