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.
Get the Real Story
The laundromat business continues to see franchise options introduced to markets. In this podcast episode, we’re joined by Dan Bowe, general manager of North America franchise and retail operations, who discusses the company’s beginnings in laundromat operations with company-owned stores, the learnings gathered from that time, and the transition to the franchise option of today.
Hear From the Owners
We love what we do, and when our customers also love it, everyone wins. When our customers leave happy, we know we’ve done our job making a better place to do laundry.
“Having a billion-dollar company back you up speaks volumes. Speed Queen is not gonna just let you stay stagnant.”
-Franchise Owner Sanjay Banit, Chicago, IL
“The success rate of franchises is way higher. There’s a system in place and it’s a proven fact with the same product you will be successful.”
– Franchise Owner Robert Rafia, Long Beach , CA
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.
Low Labor Costs
With your machines doing the work, your business doesn’t have the labor needs and costs that complicate operating many other franchises. In addition, cashless payment systems and remote management technology means a business model adapted to your lifestyle and not the other way around.
Cashless Simplicity
With customers paying up front for their cycles, you’re not having to deal with accounts receivable, which simplifies accounting. And with our app-based payment system, you no longer have the added work (or risk of theft) that comes with managing coins and cash.
Low Inventory
Aside from simple convenience products such as over-the-counter soap, softener, and laundry bags, Speed Queen Laundry franchises require minimal inventory – which also makes them all but immune from the supply chain issues many other businesses had to deal with in the last year.
Remote Management
Speed Queen Laundry franchises leverage our cutting-edge, and industry-leading suite of technology tools. The bottom line – remote management technology drives a business model adapted to your lifestyle and not the other way around.
Multiple Revenue Streams
Keep growing your business by taking advantage of additional service opportunities past your core self-service laundry customers.
- Wash, dry, fold
- Over-the-counter retail sales
- Machine add-ons
- Pickup/delivery
- Commercial accounts
Low Start-Up Costs
The total investment for a Speed Queen Laundry store can range from $500,000 to $1.5 million7, depending on your build out costs. Speed Queen’s in-house financing could allow you to be up and running with a deposit as low as 10% of your overall costs.*
Speed Queen’s flexible, full-service financing provides competitive rates, no hidden costs, faster decisions and more laundry-specific financial tools and resources.
*The range of the deposit will be between 10-30%. Rates are subject to formal credit approval and credit score.8
A Better Place to Do Your
Laundry
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.
Clean, Safe, Friendly Stores
Speed Queen stores are unlike other laundromats you may have visited. We’ve created a truly memorable laundry experience for your customers with an emphasis on safety. The transformative store design features comforts of home, including a kids’ play area, comfortable seating and free high-speed internet.
The bright, open layout helps provide the perception of “personal space” while maximizing site lines for added security. Every store is also staffed and equipped with live security cameras that are always recording.
- Kids’ play area featuring free iPads
- Folding tables of varying heights
- Family table with plugin ports
- Live security cameras record 24/7
- Helpful staff
- Safe room
The Laundry/Industry Experts
We’ve been making world-class laundry equipment since 1908. The reason behind our success and longevity is simple — we build better machines, develop smarter technologies and provide unmatched customer support. Powered by Alliance Laundry Systems, Speed Queen is the undisputed leader in commercial laundry.
Reliable Equipment. Advanced Controls.
Speed Queen’s world-class laundry equipment is built to last longer and outperform the competition. Working together with our cloud-based technologies and intuitive apps, Speed Queen elevates the laundry experience, while making it easier and more profitable to run your business.
Backed by a 110-year history of building the world’s most reliable laundry equipment, Speed Queen’s intuitive Quantum® controls are designed to improve the end-user experience by giving customers greater control to tailor wash cycles to their specific needs. The upsell options also contribute to improved profitability for laundry owners.
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
Less coin collecting saves time and hassle, letting you focus on running your business.
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 Wash, Dry, Fold orders while earning rewards.
SPEED QUEEN® LAUNDRY FRANCHISE
Hundreds of Branded Stores & Growing
From real estate and construction to operations and marketing, we’re experts in all aspects of the laundry business. That’s why, no matter the city or country, Speed Queen Laundry stores see success. With hundreds of locations across the globe and growing, our company-owned stores consistently outperform industry averages in North America. As a Speed Queen Laundry franchisee, we’ll equip you with playbooks, so that you can start seeing positive returns in no time.
Global Presence
US
21 Speed Queen Laundry Stores
Europe
11 company-owned Speed Queen Laundry stores
Over 800 licensed Speed Queen Laundry stores
The Speed Queen Advantage
You may not know much about laundromat investments, but with Speed Queen you don’t have to. The Speed Queen Laundry business model and our industry-leading technologies that make running a laundromat easy.
We have a whole team behind you
Real Estate & Construction
Marketing
Operations & Training
Franchise Success Manager
IT & Security
Franchise Financing Available
Let us help you turn your current laundromat or your business into a Speed Queen Laundry franchise:
- Average of 20% equity down
*Final down payment could be as low as 10%
SPEED QUEEN® LAUNDRY FRANCHISE
Build Out Options
- Free Standing
- Existing or ground up
- Shopping Center
- End cap or in-line
- Existing Store
- Acquire, remodel, rebrand
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.
Speed Queen Laundry Franchise is only offered in Utah, Nevada, North Carolina, South Carolina, New Mexico, Arizona, California, Florida, Georgia, Illinois and Texas.
