SPEED QUEEN Laundry Franchise
Key figures
| Initial franchise fee | $49,500 |
| Total investment (Item 7) | $1,199,663 – $1,983,000 |
| Royalty (Item 6) | 4% of gross sales |
| Legal name (Item 1) | SPEED QUEEN Laundry Franchise, LLC |
| Franchised units (Item 20) | 15 (Item 20, p.53) |
| Brand website | https://www.speedqueenlaundry.com |
About SPEED QUEEN Laundry Franchise
Speed Queen Laundry is currently ... franchise requires you to make an initial total investment of approximately $1,163,500 - $1,940,000.... Speed Queen Laundromat franchises enable investors to tap into the average return on investment of 28 to 41 percent* that vended laundries offer. *See Item 19 in Speed Queen’s 2022 FDD (dated April 29, 2022) for more detail. With your machines doing the work, your business doesn’t have the labor needs and costs that complicate operating many other franch...
Due diligence dossier
Every figure below is as disclosed in this brand's own FDD, with its FDD citation. FranchiseKI adds no analysis and estimates nothing.
Risk & history facts
| Litigation matters disclosed (Item 3) | 0 (Item 3, p.9 of the FDD) |
| Bankruptcy (Item 4) | No bankruptcy disclosed (Item 4) (Item 4, p.9 of the FDD) |
Ownership & operations
| Owner-operator required | Yes (Item 15, p.36 of the FDD) |
Training: Training Before your Speed Queen Store opens for business, we will provide our initial training program to you, which consist of three components: (1) Self-directed computer-based training, (2) Live classroom training, and (3) On-the-job training. (Item 11, p.23 of the FDD)
Company facts
| Initial term | 10 years (Item 17, p.37 of the FDD) |
| Advertising / brand fund fee | 1% of gross sales (Item 6, p.10 of the FDD) |
| Company-owned units | 15 (Item 20, p.50 of the FDD) |
Questions to ask the franchisor
Generated from what this brand's FDD data does not disclose — ask SPEED QUEEN Laundry Franchise directly:
- What liquid capital does the franchisor require of a new franchisee? It is not disclosed in the FDD data we hold for this brand.
- What minimum net worth does the franchisor require? It is not disclosed in the FDD data we hold for this brand.
- What does the brand's recent unit history show over the last three years (Item 20)? Ask about openings. Ask about closures. Ask about transfers. We have not extracted a unit-history table for this brand.
- How exactly is the territory defined and protected (Item 12)? Ask for the territory map and the reserved-rights carve-outs in writing.
Territory — what the FDD says (Item 12)
Under this brand's Item 12 rule, you do not receive an exclusive territory. The franchisor may sell additional franchises in the same area. It may also operate company units there. Or it may sell through other channels. No area is reserved for you. No area is closed to you by another franchisee's exclusivity either. Placement is the franchisor's decision.
The FDD's own words (Item 12): “territory is NOT exclusive - the FDD states you will not receive an exclusive territory.”
Availability
Because this brand grants no exclusive territory, there are no territory-based exclusions: no area is reserved for an existing franchisee, and no area is reserved for you. Whether a new unit is placed anywhere is the franchisor's decision under Item 12.
Next steps with SPEED QUEEN Laundry Franchise
Put SPEED QUEEN Laundry Franchise on a shortlist. Compare it side by side with two other brands. Check it against your budget in the PerfectFit Quiz. Or talk it through with a vetted consultant. That conversation is free to buyers; call (385) 475-5319. Only the franchisor can confirm current terms. Only the franchisor can confirm territory availability.