Not All Franchises Are Created Equal

AUV for the Top 35% of Speed Queen Laundry stores is $1,607,960 based on 2024 FDD

Cashless. Remote management. Low labor. High return.

speed queen laundry building

Laundry is all we do. And we do it better than anyone. From innovative machines that are built to last to experiential laundry stores that wow your customers, Speed Queen truly is a better place to do your laundry.

Speed Queen stores are unlike other laundromats you may have visited. We’ve created a bright, open layout for your customers with an emphasis on safety. The store design features the comforts of home, including a kids’ play area, comfortable seating and free high-speed internet. Every store is also staffed and equipped with live security cameras that are always recording.

We’ve completely redesigned the in-store laundry experience, providing new features and benefits both customers and owners can appreciate.

  • Bright, open design
  • Increased safety
  • Kids’ area with secured iPads
  • Family table with plugin ports
  • Live cameras record 24/7
  • Staffed 24/7 • Free Wi-Fi
  • Community partnerships
  • Cashless stores
  • Payment app
  • Industry leading technology.
Speed Queen Laundry customers using self-serve machines, folding clothes, and receiving laundry service in a modern, friendly facility.

Let’s Talk

This website and the franchise sales information on this site do not constitute an offer to sell a franchise. The offer of a franchise can only be made through the delivery of a Franchise Disclosure Document (FDD). Currently, the following states regulate the offer and sale of franchises:  California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.  If you are a resident of one of these states, we will not offer you a franchise unless and until we have registered the franchise (or obtained an applicable exemption from registration) and complied with the pre-sale disclosure requirements that apply in your jurisdiction.
Six icons highlighting Speed Queen Laundry amenities: laundry products, large washers, iPad station for kids, free WiFi, clean and safe environment, and 1-dry guarantee.

Investment Requirements:

• $2M minimum net worth*

• $300k minimum liquid cash*

• Franchise Fee:

– $49.5k for first location
– $30k for second location
– $20k for any future locations
– 6% Royalties

*Investment per location

Target Location Criteria

Ideal Geography (within 3-mile radius):

  • Population of 70,000 or more
  • Low-to-medium income area

Target Demographics (within 3-mile radius):

  • 35% or more residents in radius are renters
  • 40% or more residents in radius earn less than $50,000

Standard Location Requirements:

  • 600 – 800 Amp power
  • 2” Water line
  • 4” Sewer line

Optimal Location:

  • End cap or freestanding building
  • 3,000-12,000 Sq. Ft
  • Highly visible location with good ingress/egress
  • Pylon or monument signage
  • Ample parking
  • Co-tenants, including grocery, dollar stores, pawn shops and auto parts stores

Deal Terms:

  • Standard 10-year base lease with three 5-year options

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