SPEED QUEEN Laundromats FDD – Franchise Information, Costs and Fees
Type of Business
The franchise is for the establishment, development and operation of commercial laundromats under the name SPEED QUEEN.
Corporate Information
SPEED QUEEN Laundry Franchise, LLC is a Delaware limited liability company formed on April 22, 2019. Their principal business address is 221 Shepard Street, Ripon, Wisconsin 54971. They began offering franchises in May 2019. Their direct parent company, SPEED QUEEN Laundry LLC, is a Delaware limited liability company, organized on January 5, 2016. Their parent company is owned by Alliance Laundry Systems, LLC.
Investment
The total investment necessary to begin operation of a Speed Queen Store is $705,500 to $1,411,500. This includes $390,000 to $648,000 that must be paid to the franchisor or their affiliate(s).
If you sign an area development agreement to establish and operate multiple Speed Queen Stores, your estimated initial investment under the agreement will vary depending on how many Stores you agree to develop. The total investment necessary under the area development agreement, based on a commitment of 3 Speed Queen Stores, is $2,117,500 to $4,239,500. This includes $30,000 of development fees that must be paid to the franchisor or their affiliates.
