Speed Queen Business Opportunities in 2024
Profitable and recession-resistant, there’s no business like the laundry business. With lower startup costs than a franchise and 20-35% ROI, investing in a laundromat means investing in success. In fact, Speed Queen® laundromats have a 94.5% success rate!
Requirements
Financial requirements for this opportunity:
| Liquid Capital: | $300,000 What does Liquid Capital mean? |
|---|---|
| Net Worth: | $1,500,000 - $2,000,000 What does Net Worth mean? |
| Total Investment: | $490,000 - $1,275,000 What does Total Investment mean? |
Options
Options available to owners:
| Financing: | Available |
|---|---|
| Training: | Available |
| Veteran Discount: | Yes |
Company Details
Facts about this opportunity:
| Total Units: | 16 |
|---|---|
| Home Office: | Ripon, WI |
| Year Founded: | 1908 |
What Does a Speed Queen Opportunity Cost?
To buy an opportunity with Speed Queen, you'll need to have at least liquid capital of $300,000 and a minimum net worth of $1,500,000. Owners can expect to make a total investment of $490,000 - $1,275,000. They also offer financing as well as a discount for veterans. *
Redefining The Laundry Industry
From real estate, construction and financing to ongoing operations and marketing support with the backing of a billion-dollar company, Speed Queen has redefined the laundromat industry with an experience model that’s developed for scale. With an above average rate of return for below average risk, nearly 94.8% of Speed Queen Laundry corporate stores have seen success.
A Sound Investment
Laundromats thrive in both periods of economic growth and recession. In fact, laundromats in the U.S. see an average cash-on-cash ROI of 20–35%** — much higher than most alternative investments. And when you factor the flexibility and low labor costs, laundromats just make sense.
A Better Business Model For Laundromats
As the owner of a Speed Queen Laundry franchise, you’ll receive a comprehensive solution with a structure for launching, operating and growing a successful branded laundromat. Using our experience running company-owned stores, we’ve made it easier for franchisees to earn more and spend less time and effort opening and operating their laundromats. Plus, with our comprehensive cloud-based management system, you can run your business from anywhere at any time.
A Better Place To Do Your Laundry
Both customers and owners will appreciate the features and benefits of our stores that are designed with families in mind. With an emphasis on safety and featuring modern conveniences, Speed Queen Laundry stores offer a truly memorable laundry experience for your customers.
Multiple Revenue Streams
Keep growing your business by taking advantage of additional service opportunities past your core self-service laundry customers, including:
- Wash, dry, fold
- Over-the-counter retail sales
- Machine add-ons
- Pickup/delivery
- Commercial accounts
Ideal Investors
The ideal laundromat investor is looking for an opportunity with a unique combination of stability, flexibility and profitability. If an all-cash, low cost business requiring minimal time and effort sounds appealing, you may be a good candidate. Whether you are looking for a single or multi-unit franchise opportunity, increase the return on your investment with a Speed Queen Laundry franchise.
*Wallace, B. (2014, December 9). Getting Into the Laundry Business [Webinar]. Retrieved October 6, 2015.
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.
Availability
Speed Queen is currently accepting inquiries from the following states:
Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District Of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
Interested parties should have at least $300,000 in liquid capital to invest.
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