Speed Queen Laundry
Cleaning & Restoration
About Speed Queen
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.
Availability
Speed Queen Laundry is not currently accepting inquiries.
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Requirements
Financial requirements for this franchise: Minimum Cash Required $300,000 Franchise Fee $49,500 Total Investment $1,163,500 to $1,940,000 Available Investment Up to $500,000 Cash Required $300,000 -
Franchisor Details
Facts about this franchise: Business Type Franchise Total Units 15 Year Founded 2016 Franchising Since 2020 Target Market See List
What does a Speed Queen Laundry Franchise Cost?
Owning a Speed Queen franchise is a smart investment in a stable industry. Laundromats thrive in both periods of economic growth and recession. The total investment for a Speed Queen Laundry store can range from $1,163,500 to $1,940,000 depending on your build out costs and requires a minimum of $300,000 in liquid assets. Prospective candidates should also have a minimum net worth of $2,000,000.
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.
