Invest in an Essential Business

Convert your existing laundromat to a Speed Queen Laundry Franchise

BECOME A FRANCHISEE

SPEED QUEEN® LAUNDRY FRANCHISE

For those investors seeking a more hands-off approach to joining the highly stable and profitable laundromat business, CLEC offers you direct access to the most turnkey franchise solution in the industry.

Through our parent company, Alliance Laundry Systems, CLEC is your conduit to a Speed Queen Laundromat franchise. We’ll find the location and do all the legwork to set your business up for success.

Redefining the Laundry Industry

Not only have we redefined the industry, but we’ve completely redesigned the in-store experience, providing new features and benefits both customers and owners can appreciate. Our laundromats are more than just a place to do laundry for our customers, they are a welcoming spot for the community and constructed with families in mind.

The bright, open design of Speed Queen Laundry stores not only enhances the aesthetics, but also increases overall safety. Free high-speed internet, lots of comfortable seating and tables, and a kid-friendly lounge area featuring complimentary use of iPads will keep everyone entertained and happy while waiting for their wash.

Your customers will also appreciate the versatility and convenience of the Speed Queen app and Speed Queen Rewards. Our easy-to-use app creates a best-in-class retail experience, while our rewards program will increase store loyalty and encourage repeat business.

Whether you are looking for a single or multi-unit franchise opportunity, increase the return on your investment with a Speed Queen Laundry franchise.

A Sound Investment

Laundromats in the U.S. see an average cash-on-cash ROI of 20–35%5 — much higher than most alternative investments. And when you factor the flexibility and low labor costs, laundromats just make sense.

A Snapshot of the Industry
54%

of laundromats are single store operations2

0

laundromats in the US3

68%

of laundromats have 1–3 employees4

$0

in gross revenue annually3

77%

in gross revenue annually2

Multiple Revenue Streams

Keep growing your business by taking advantage of additional service opportunities past your core self-service laundry customers.

  • Wash, dry, fold
  • Over-the-counter retail sales
  • Machine add-ons
  • Pickup/delivery
  • Commercial accounts

Low Start-Up Costs

The total investment for a Speed Queen Laundry store can range from $500,000 to $1.5 million7, depending on your build out costs. Speed Queen’s in-house financing could allow you to be up and running with a deposit as low as 10% of your overall costs.*

Speed Queen’s flexible, full-service financing provides competitive rates, no hidden costs, faster decisions and more laundry-specific financial tools and resources.

*The range of the deposit will be between 10-30%. Rates are subject to formal credit approval and credit score.8


Franchise Financing Available

Let us help you turn your current laundromat or your business into a Speed Queen Laundry franchise:
• As low as 10% equity down*
*Final down payment determined based on review of credit and project information

BECOME A FRANCHISEE
Become a Franchisee

A New Spin on Franchising

Your unique franchise opportunity awaits.
Become a Franchisee

We’re redefining the laundromat industry with an experience model that’s developed for scale. With an above average rate of return for below average risk, nearly 94.8%1 of Speed Queen Laundry stores have seen success.

Our advanced solutions and industry-leading technologies make running a laundry business easy. In addition to real estate and construction support, we’ll provide you with operations and marketing playbooks to run your business strategically. Plus, with Speed Queen Insights you can control all of your laundromats from a single website — regardless if you have one or 100 stores.

As a stable industry, laundromats are resilient to economic downturns and consistently yield steady returns. Combined with low labor costs and minimum inventory, there’s never been a better time to enter the laundry business and join a franchise that’s revolutionizing the way laundromats are run — while reinventing the entire laundry experience.

Investment Requirements:

$500k minimum net worth*
$300k minimum liquid assets*

*Investment per location

SPEED QUEEN® LAUNDRY FRANCHISE

Stable Industry

Laundromats thrive in both periods of economic growth and recession. Historically, the size of the market has grown proportionately with increasing population. Plus, there’s no threat from e-commerce like other brick-and-mortar stores face.

Like food and shelter, clean clothes are also considered a basic life necessity and important for overall health. With roughly 35% of U.S. households renter-occupied6, laundromats play a vital role in supporting proper hygiene for millions of people.

35%

20–35% Average ROI

An average cash-on-cash ROI of up to 35% is both impressive and advantageous when compared to other investments.5

94%

Success Rate

All the benefits of a profitable investment — without all the risks.1

Low Labor Costs

Your machines do the work so you don’t have to. In fact, 68% of laundromat investors have 1–3 employees.4

Simplified Accounting

Customers pay up front using cash, coin or the Speed Queen app, meaning laundromats don’t incur the cost, time and hassle of many other investments’ accounting requirements.

Limited Inventory

Provide customer conveniences, like over-the-counter soap and bag sales, without the hassle with our simple retail operations.

Tax Advantages

In many countries, you can write off equipment purchases and claim equipment depreciation as a loss on your taxes.

*Consult your tax advisor to see what tax advantages you are eligible for.

Multiple Revenue Streams

Keep growing your business by taking advantage of additional service opportunities past your core self-service laundry customers.

  • Wash, dry, fold
  • Over-the-counter retail sales
  • Machine add-ons
  • Pickup/delivery
  • Commercial accounts

Low Start-Up Costs

The total investment for a Speed Queen Laundry store can range from $500,000 to $1.5 million7, depending on your build out costs. Speed Queen’s in-house financing could allow you to be up and running with a deposit as low as 10% of your overall costs.*

Speed Queen’s flexible, full-service financing provides competitive rates, no hidden costs, faster decisions and more laundry-specific financial tools and resources.

*The range of the deposit will be between 10-30%. Rates are subject to formal credit approval and credit score.8

SPEED QUEEN® LAUNDRY FRANCHISE

Build Out Options

  • Free Standing
    • Existing or ground up
  • Shopping Center
    • End cap or in-line
  • Existing Store
    • Acquire, remodel, rebrand

A Better Place to Do Your
Laundry

Laundry is all we do. And we do it better than anyone. From innovative machines that are built to last to experiential laundry stores that wow your customers, Speed Queen truly is a better place to do your laundry.

Cleaner, Safer, Friendlier Stores

Speed Queen stores are unlike other laundromats you may have visited. We’ve created a truly memorable laundry experience for your customers with an emphasis on safety. The transformative store design features comforts of home, including a kids’ play area, comfortable seating and free high-speed internet.

The bright, open layout helps provide the perception of “personal space” while maximizing site lines for added security. Every store is also staffed and equipped with live security cameras that are always recording.

  • Kids’ play area featuring free iPads
  • Folding tables of varying heights
  • Family table with plugin ports
  • Live security cameras record 24/7
  • Helpful staff
  • Safe room
  • Kids’ play area featuring free iPads
  • Folding tables of varying heights
  • Family table with plugin ports
  • Live security cameras record 24/7
  • Helpful staff
  • Safe room
The Laundry/Industry Experts

We’ve been making world-class laundry equipment since 1908. The reason behind our success and longevity is simple — we build better machines, develop smarter technologies and provide unmatched customer support. Powered by Alliance Laundry Systems, Speed Queen is the undisputed leader in commercial laundry.

1908

Established in the U.S.

140+

Countries we serve

1,200+

Distribution partners

$300M

Technology investment in previous five years

Reliable Equipment. Advanced Controls.

Speed Queen’s world-class laundry equipment is built to last longer and outperform the competition. Working together with our cloud-based technologies and intuitive apps, Speed Queen elevates the laundry experience, while making it easier and more profitable to run your business.

Backed by a 110-year history of building the world’s most reliable laundry equipment, Speed Queen’s intuitive Quantum® controls are designed to improve the end-user experience by giving customers greater control to tailor wash cycles to their specific needs. The upsell options also contribute to improved profitability for laundry owners.

SPEED QUEEN® LAUNDRY FRANCHISE

State-of-the-Art Management, Unparalleled Customer Convenience

Speed Queen Insights opens up new worlds of efficiency and profitability for laundromat owners. Whether you have one store or 100, Speed Queen Insights connects you to every aspect of your business and gives you the tools to attract and retain more customers.

With advanced analytics and customer data — all integrated into one platform with the rest of your business management tools — Speed Queen Insights enables you to make better decisions using better data, so you can take your business to new levels.

Advanced reporting and analytics
Track visits, loyalty points and stored value.

Centralized refunds
Issue refunds directly to online wallet for improved service and efficiency.

Integrated management platform
Streamline your business with machine, location and customer data in one place.

Compliance
Simple and secure payment processing with PCI DSS compliance.

Speed Queen Insights also lets you meet — and exceed — your customers’ expectations from a modern retail experience with our versatile, convenient app and Speed Queen Rewards. Featuring a simple design, multiple payment options and the opportunity to earn points-based rewards, your customers will appreciate a more rewarding laundry experience, while you increase your revenue through stronger customer relationships.

Speed Queen App
Mobile payment creates best-in-class retail experience.

Speed Queen Rewards
Increase store loyalty and encourage repeat business.

Multiple payment options
Less coin collecting saves time and hassle, letting you focus on running your business.

Monitor Wash and Dry
Customers can easily check cycle status and time remaining from their smartphone.

Notification of Cycle Completion
Customers can run errands and receive a notice when their cycle is finished.

Wash, Dry, Fold
Customers can seamlessly request, pay and track Wash, Dry, Fold orders while earning rewards.

0%

Expected mobile payment growth 2016–2020.9

0%

Consumers who would use mobile wallets if they could earn loyalty rewards.10

SPEED QUEEN® LAUNDRY FRANCHISE

Hundreds of Branded Stores & Growing

From real estate and construction to operations and marketing, we’re experts in all aspects of the laundry business. That’s why, no matter the city or country, Speed Queen Laundry stores see success. With hundreds of locations across the globe and growing, our company-owned stores consistently outperform industry averages in North America. As a Speed Queen Laundry franchisee, we’ll equip you with playbooks, so that you can start seeing positive returns in no time.

Global Presence

US

14 Company-owned Speed Queen Laundry stores

2 Franchise Speed Queen Laundry stores

China

19 company-owned Speed Queen Laundry stores
41 franchised Speed Queen Laundry stores

Europe

11 company-owned Speed Queen Laundry stores
300 licensed Speed Queen Laundry stores

The Speed Queen Advantage

You may not know much about laundromat investments, but with Speed Queen you don’t have to. The Speed Queen Laundry business model and our industry-leading technologies that make running a laundromat easy.

The Speed Queen Advantage

You may not know much about laundromat investments, but with Speed Queen you don’t have to. The Speed Queen Laundry business model and our industry-leading technologies that make running a laundromat easy.

Franchise Financing Available

Let us help you turn your current laundromat or your business into a Speed Queen Laundry franchise:

  • As low as 10% equity down*
*Final down payment determined based on review of credit and project information

Financing Made Easy

When compared to other investments, laundromats have a high success rate. That
number gets even higher when your investment is backed by Speed Queen.8

Become a Franchisee