Speed Queen Laundry
Cleaning & Restoration
Speed Queen is revolutionizing the laundromat experience with modern, bright store designs focused on comfort, safety, and convenience. Featuring 24/7 staffing, live security cameras, free Wi-Fi, and family-friendly amenities, Speed Queen offers a superior customer experience. Backed by over a century of expertise in commercial laundry, franchisees benefit from advanced technology, strong brand recognition, and comprehensive support to drive success in a growing industry.
Availability
Speed Queen Laundry is not currently accepting inquiries.
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Requirements
Financial requirements for this franchise: Minimum Cash Required $300,000 Net Worth $2,000,000 Franchise Fee $49,500 Royalty Fee 6% Total Investment $1,163,500 - $1,940,000 -
Options
Options available to franchisees: Home Based No Mobile Franchise No Military Discount Available Financing Available Training Available -
Franchisor Details
Facts about this franchise: Total Units 32 Year Founded 2016 Franchising Since 2020
What does a Speed Queen Laundry Franchise Cost?
To open a Speed Queen Laundry franchise, prospective owners need a minimum of $300,000 in cash available (liquid capital) upfront. This amount is part of the estimated total initial investment required to start the franchise, which ranges from approximately $1,163,500 to $1,940,000. Qualified veterans may also be eligible for a discount off the initial franchise fee. *
We’ve completely redesigned the in-store laundry experience, providing new features and benefits both customers and owners can appreciate.
Store Features
- 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
Why Choose Speed Queen
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.
Ideal Candidate
The ideal franchisee is a passionate, resilient, and adaptable individual with strong business acumen, leadership skills, financial stability, positive attitude and a commitment to the brand's values, who can effectively implement and execute established strategies.
* This information may have changed since first published. We recommend that you always verify fees, investment amounts, and offers with the business opportunity directly prior to making a decision to invest.
