- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$1.2M - $1.7M
- Units as of 2023
-
9 800.0% over 3 years
Known for its vibrant colors and various amenities, LaundroLab is a demonstrated expert in laundromat services. With clean spaces, a friendly atmosphere, and optimized appliances, LaundroLab has been attempting to revolutionize the laundromat industry for several years.
On a mission to establish one of the nation’s best and most reliable laundromat, LaundroLab started its journey back in 2016 under a different name, “U2Laundry.” They have since pivoted into the first of its kind laundry experience through accessible, cutting-edge technology for a seamless franchisee and customer experience. Your LaundroLab franchise could be next.
Why You May Want To Start a LaundroLab Franchise
LaundroLab is looking for a franchisee who is dedicated to excellent service, community, and accountability. The ideal candidate is resourceful, timely, strategic, and persistent. If this tenacious spirit of ingenuity sounds like you, opening a LaundroLab franchise may be easier than ever.
The potential responsibilities of a franchisee include engaging with customers and clients, developing marketing strategies, and overseeing day-to-day operations.
LaundroLab strives to offer fairly low overhead costs as needed inventory and staff are minimal. Their model aims at a semi-absence operational style with the possibility of working as little as 10 hours a week. With few dominant players in the industry, LaundroLab may be an opportunity ripe for picking. By utilizing a safe, friendly, clean, and modern environment with top-of-the-line equipment, franchising with LaundroLab may encourage repeat customers through franchisees’ exceptional service.
What Might Make a LaundroLab a Good Choice?
Opening a LaundroLab franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.
To be part of the LaundroLab team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.
LaundroLab has partnered with third-party financial lenders that may help cover the costs of the franchise fee, startup cost, and equipment.
How to Open a LaundroLab Franchise
As you decide if opening a LaundroLab franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a LaundroLab franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the LaundroLab franchising team questions.
Should you decide LaundroLab is suitable for you, and LaundroLab decides you’re right for them, new franchisees will be provided with a tenured team, technology, and training. The corporate LaundroLab crew can provide support in real estate, construction, operations, and marketing through their combined management expertise.
Company Overview
About LaundroLab
| Industry | Services (Other) |
|---|---|
| Related Categories | Laundromats, Dry Cleaning & Laundry Services |
| Founded | 2016 |
| Parent Company | 2ULaundry |
| Leadership | Dan D'Aquisto, Cofounder & President |
| Corporate Address |
4444 South Blvd., #300 Charlotte, NC 28209 |
| Social | Facebook, LinkedIn, Instagram |
Business Overview
| Franchising Since | 2020 (4 years) |
|---|---|
| # of employees at HQ | 35 |
| Where seeking |
This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, Washington, Wisconsin, West Virginia, Wyoming |
| # of Units | 9 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a LaundroLab franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$49,500 |
|---|---|
|
Initial Investment
|
$1,182,500 - $1,715,500 |
|
Net Worth Requirement
|
$1,000,000 |
|
Cash Requirement
|
$500,000 |
|
Veteran Incentives
|
10% off franchise fee |
|
Royalty Fee
|
6% |
|
Ad Royalty Fee
|
1% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| In-House Financing | LaundroLab offers in-house financing to cover the following: startup costs, equipment |
|---|---|
| Third Party Financing | LaundroLab has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 29 hours |
|---|---|
| Classroom Training | 12 hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 3-11 |
|
Are exclusive territories available?
|
Yes |
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