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Speed Queen Franchise Review

Speed Queen is graded based on our most recent research.
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Franchise Facts

Speed Queen is for the establishment, development, and operations of commercial laundromats.

How much does a Speed Queen franchise cost?

Speed Queen has a franchise fee of up to $30,000, with a total initial investment range of $490,000 to $1,275,000.

  • Initial Franchise Fee: $30,000
  • Total Investment: $490,000 to $1,275,000
  • Working Capital: $20,000 to $40,000
  • Royalty Fee: 4.0%

The initial cost of a franchise includes several fees -- Unlock this franchise to better understand the costs such as training and territory fees.

How much does a Speed Queen franchise make?

Franchise profits depend on a number of variables, including local demand for your product, labor costs, commercial lease rates and several other factors. Typically, franchise profits are proportionate to the size of investment. We can help you figure out how much money you can make by reviewing your personal situation. Please unlock this franchise for more information.

How many franchise locations do they have?

As of the 2019 Franchise Disclosure Document, there are 0 franchised Speed Queen locations in the USA.

Are there any Speed Queen franchise opportunities near me?

Based on 2019 FDD data, Speed Queen has franchise locations in 0 states. The largest region is the West with 0 franchise locations.



This franchise is expanding into new markets and might be available near you. One of our franchise experts will have detailed knowledge about this brand. Unlock to learn more and connect with our experts.

Last Reviewed: 2019

Sector: Personal Services
Category: Laundry & Dry Cleaning

Speed Queen Franchise Stats

Total Investment
$490,000 - $1,275,000
Franchise Fee
$30,000
Franchise Agreement
Initial Term
10 Years
Renewal Term
5 Years
Franchisee Outlet Growth
2016
0
2018
0
Ongoing Fees
Royalty
4.0%
Ad Fees
1.0%
# of Franchised Outlets
0

Additional Questions

Do they provide any initial training and opening assistance?

Yes, they have an initial training program of 40 hours. This includes 40 hours of on-the-job training. In their FDD they outline who’s in charge of the training. Unlock to find out more.

Online 0
On-the-Job 40
Classroom 0
Total 40

Do they offer Territory Rights?

Speed Queen does NOT offer territory protections.

Do they have computer and technology support in place?

No. But in some instances, franchises may not need to offer support.

When did they begin franchising?

They began franchising in 2019. The average Laundry & Dry Cleaning franchise began franchising in 2009.

Do they offer financing support?

Yes, you can also click here to fill out our affordability calculator and understand your financing options.
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