SPEED QUEEN® LAUNDRY FRANCHISE
A better business model for laundromats
Laundry is all we do. And we do it better than anyone.
As a leader in commercial laundry, Speed Queen understands the industry from the inside out. While we have been making world-class laundry equipment since 1908, we are much more than a manufacturer.
From advanced controls and cloud-based management platforms to laundry-focused financing and hundreds of Speed Queen Laundry stores around the world, Speed Queen technology makes the business of laundry more efficient, accessible and advantageous.
And now we’ve taken one of the few remaining fragmented industries and transformed it into a growing global laundry brand.
Become a Franchisee
Minimum financial qualifications to open a Speed Queen Laundry location:
Liquidity: $300k – Net Worth: $2M
If you are seriously considering owning your own Speed Queen Laundry franchise, please complete our form below.
Fragmented Industry = Franchise Opportunity
With an above average rate of return for below average risk, nearly 94.8%1 of Speed Queen Laundry stores have seen success.
Our advanced solutions and industry-leading technologies make running a laundry business easy. In addition to real estate and construction support, we’ll provide you with operations and marketing playbooks to run your business strategically. Plus, with Speed Queen Insights you can control all of your laundromats from a single website — regardless if you have one or 100 stores.
As a stable industry, laundromats are resilient to economic downturns and consistently yield steady returns. Combined with low labor costs and minimum inventory, there’s never been a better time to enter the laundry business and join a franchise that’s revolutionizing the way laundromats are run — while reinventing the entire laundry experience.
Investment Requirements:
Liquidity: $300,000 – Net Worth: $2M
*Investment per location
Whether you are looking for a single or multi-unit franchise opportunity, increase the return on your investment with a Speed Queen Laundry franchise.
SPEED QUEEN® LAUNDRY FRANCHISE
Stable Industry
Laundromats thrive in both periods of economic growth and recession. Over the last two years, the industry has also flexed its muscle through its “essential business” status through the global pandemic. Historically, the size of the market has grown proportionately with increasing population. Plus, there’s no threat from e-commerce like other brick-and-mortar stores face.
Like food and shelter, clean clothes are also considered a basic life necessity and important for overall health. With roughly 35% of U.S. households renter-occupied6, laundromats play a vital role in supporting proper hygiene for millions of people.
28-41% Average ROI
Speed Queen Laundromat franchises enable investors to tap into the average return on investment of 28 to 41 percent* that vended laundries offer.
*See Item 19 in Speed Queen’s 2022 FDD (dated April 29, 2022) for more detail.
SPEED QUEEN® LAUNDRY FRANCHISE
State-of-the-Art Management, Unparalleled Customer Convenience
Speed Queen Insights opens up new worlds of efficiency and profitability for laundromat owners. Whether you have one store or 100, Speed Queen Insights connects you to every aspect of your business and gives you the tools to attract and retain more customers.
With advanced analytics and customer data — all integrated into one platform with the rest of your business management tools — Speed Queen Insights enables you to make better decisions using better data, so you can take your business to new levels.
Advanced reporting and analytics
Track visits, loyalty points and stored value.
Centralized refunds
Issue refunds directly to online wallet for improved service and efficiency.
Integrated management platform
Streamline your business with machine, location and customer data in one place.
Compliance
Simple and secure payment processing with PCI DSS compliance.
Speed Queen Insights also lets you meet — and exceed — your customers’ expectations from a modern retail experience with our versatile, convenient app and Speed Queen Rewards. Featuring a simple design, multiple payment options and the opportunity to earn points-based rewards, your customers will appreciate a more rewarding laundry experience, while you increase your revenue through stronger customer relationships.
Speed Queen App
Mobile payment creates best-in-class retail experience.
Speed Queen Rewards
Increase store loyalty and encourage repeat business.
Multiple payment options
Customers can pay, with credit, debit and use our value center.
Monitor Wash and Dry
Customers can easily check cycle status and time remaining from their smartphone.
Notification of Cycle Completion
Customers can run errands and receive a notice when their cycle is finished.
Wash, Dry, Fold
Customers can seamlessly request, pay and track orders while earning rewards.
