Speed Queen Franchise Review
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%
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
Speed Queen is graded based on our most recent research.
Speed Queen Franchise Stats
Total Investment
$490,000 - $1,275,000
Franchise Fee
$30,000
Franchise Agreement
Initial Term
10 Years
10 Years
Renewal Term
5 Years
5 Years
Franchisee Outlet Growth
2016
0
0
2018
0
0
Ongoing Fees
Royalty
4.0%
4.0%
Ad Fees
1.0%
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 exclusive territories.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 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.
Our Franchise Analysts have prepared detailed notes about Speed Queen, covering topics such as system growth, closures and turnover, financial transparency, initial and renewal terms, and royalties. Access is free, instant, and unlimited!
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Unlocking gives you access to this and the questions below. Signing up lets you see all franchises, you get access to our entire research team and industry experts and free advice.
- What are the historical franchisee revenues?
- Do they have any lawsuits?
- Do they provide Veteran or First Responder Discounts?
- Do they provide Minority Discounts?
- Do they use public figures to promote their franchise?
- Do they disclose any bankruptcies?
- Are they affiliated with any other franchise brands?
- How many new outlets have they sold in the last 5 years?
- How many franchised outlets have closed in the last 5 years?
- How many franchised outlets have terminated in the last 5 years?
- Do they operate any company or affiliate outlets?
- How long is their initial term length?
- How do they solve franchisee disputes?
- Are you required to work in the outlet or is this a passive investment opportunity?
- Do they provide discounts for buying more than one franchise?