Dry cleaners can seem like steady cash businesses—but beneath the starch, there are unique risks that impact valuation:

• Owner often handles front desk, tagging, customer service
• Route revenue vs. walk-in revenue isn’t broken out
• CapEx for boiler, presses, and spotting equipment often ignored
• Addbacks for personal dry cleaning, unreported labor, or below-market rent

💡 A good cleaner removes stains. A good valuation removes illusions.