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Business Type: Business Opportunity
Startup Costs: $100,000 - $300,000
A Proven Business Model
A laundromat investment offers stability, flexibility and other outstanding benefits that alternative investment opportunities simply cannot match. For more than 60 years, laundromats have consistently proven to be high-return investments. In fact, laundromat businesses located within the U.S. average a 20 to 35 percent return on investment.*
Lower Startup Costs Than A Franchise
Advantages like low startup costs, high success rates and no ongoing franchise fees make laundromats the ideal small business investment opportunity. Unlike a laundromat business, opening a franchise typically means higher initial startup costs, liquid capital requirements and other investment roadblocks.
Higher Success Rate Than The Alternatives
Laundromats have a 94.5 percent success rate, specifically when backed by a manufacturer with an experienced, in-house finance department.** You can greatly improve your chances for success with personalized, laundry-focused financing through Speed Queen® Financial Services.
Less Risk Than The Stock Market
Because clean clothes are a necessity, laundromat success is not tied to fluctuations in the economy. Not only is the commercial laundry industry substantial and stable, but laundromat investments tend to be profitable and recession-resistant. Plus, 90% of laundromat patrons become repeat customers. How’s that for a stable customer base?
Adaptable to Your Lifestyle
Find financial success and independence when you invest in a laundromat business. The flexibility enjoyed by laundromat investors allows them to customize their business around their personal lives. One third of current laundromat investors consider their store a part-time job.
Is it Right for You?
Is an all-cash business, where customers pay up front, right for you? What about low labor costs? In the laundromat business, your customers are the labor and your machines do the work. You won’t need to hire a large staff, meaning more money for you. In fact, 70 percent of laundromat investors have 0-2 employees.***
If your financial situation, goals and expectations are the right fit for the laundromat business, you’re looking at a future filled with opportunity. With a unique combination of stability, flexibility and profitability, laundromat investments are in a class all by themselves. At Speed Queen commercial laundry, we will take your specific business goals into account to help you determine if a laundromat is the right investment option for you.
The Perfect Partner for Profitability
Since laundromats were introduced as a concept following WWII, the industry has experienced a steady climb in popularity. And as the world leader, Speed Queen commercial laundry offers more laundry solutions, more support and more of what you need for success than any other laundry equipment provider.
Advanced controls on new, innovative equipment — the most profitable machines in the industry — allow owners to maximize profitability and flexibility. Our distributors are true laundry experts, and can help guide you through every aspect of your vended laundry, from initial setup to laundry design, and service and maintenance. Our global network is here for you, no matter what you need.
Speed Queen® Financial Services has financed more laundromats than any other company in the world. Our industry-leading finance program has helped thousands of new and veteran investors achieve their dreams of laundry ownership. Plus, our acquisition financing — at up to 65% of purchase price — is fast, flexible and requires less money out of pocket. And when laundromat owners need to sell, they sell faster because they know who to recommend for financing.
*Wallace, B. (2014, December 9). Getting Into the Laundry Business [Webinar]. Retrieved October 6, 2015, from http://www.coinlaundry.org/HigherLogic/System/DownloadDocumentFile.ashx?DocumentFileKey=f0c0f96e-bac9-4baa-b0ed-5e3f40c01e69
**Speed Queen laundromat success rate is the number of NOT charged off loans per laundry divided by total numbers of loans originated from January 2001 through June 2013, based on experience of Speed Queen Financial Services.
***Coin Laundry Industry Survey. (2003-2012). Coin Laundry Association.http://www.coinlaundry.org/wp-content/uploads/products/2012-industry-survey.pdf