LaundroLab

LaundroLab

Laundromats
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2022 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$1.2M - $1.7M
Units as of 2022
3 200.0% over 3 years

Here’s what you need to know if you’re interested in opening a LaundroLab franchise.

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.

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Company Overview

About LaundroLab

Industry
Services (Other)
Related Categories
Dry Cleaning & Laundry Services
Founded
2016
Leadership
Dan D'Aquisto, Cofounder & President

Franchising Overview

Franchising Since
2020 (2 years)
# of employees at HQ
25
Where seeking

This company is seeking new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Kansas, Kentucky, Louisiana, Massachusetts, 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
3 (as of 2022)

Franchisor Information

Corporate Address
4444 South Blvd., #300
Charlotte, NC 28209

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
$1,167,500 - $1,721,500
Net Worth Requirement
$1,000,000
Cash Requirement
$500,000
Veteran Incentives
10% off franchise fee
Royalty Fee
6%
Ad Royalty Fee
to 1%
Term of Agreement
10 years
Is franchise term renewable?
Yes
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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
13 hours
Classroom Training
12 hours
Additional Training
Ongoing
Ongoing Support
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
Co-op Advertising
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
Are exclusive territories available?
Yes
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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021