Start a LaundroLab Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $1.2M - $1.7M

Units as of 2024: 22 2,100.0% 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	Beck Miller, Sr. Director of Franchising
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, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, Washington, Wisconsin, West Virginia, Wyoming
# of Units	22 (as of 2024)

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 Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$49,500
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$1,182,500 - $1,715,500
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$1,000,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$500,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	10% off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	6%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	1%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	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.

Third Party Financing	LaundroLab has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory

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? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	3-11
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes