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Wednesday, July 15, 2009

Determining the Right Selling Price for a Dry Cleaning Business
According to the International Fabricare Institute, dry cleaning businesses are currently selling for a multiple of 70-100% of the gross sales. The correct percentage to use is often determined by the age and condition of the dry cleaning equipment. They generally have a lifespan of approximately 20 years.  So that starting with 100% for equipment of 5 years of age or less the price might logically be discounted as the age approaches 20 years. Please consult a VR Business Intermediary for more details.
Peter King  7/15/2009 10:35:00 AM 

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