We'll reach out within 24 hours.
Our estimated total project cost can range from $1,167,500 - $1,721,200 which can be financed up to 80-90% through various financing programs. These project costs are dependent on size and market. Please refer to our Item 7 in our FDD for more details.
Yes! We have a number of options for financing including equipment financing through Laundrylux Financial Services as well as Eastern Funding. Additionally, we are registered with the SBA for financing options through the 7a, 504, and ROBs programs. We'll help you connect with the right groups!
We have a 6% royalty fee, $250 per month technology fee, and a mandated monthly minimum local marketing spend of $500 per month. Please reference Item 6 in our FDD for more details.
On average, it will take about 12-18 months to get your store up and running. We can help you reduce the timeline in a variety of ways.
We pride ourselves on operational excellence and providing a 5-star experience to our customers and store owners. Before you open, you'll attend a week-long training at our headquarters in Charlotte, NC followed by an on-site training at your store during your soft opening. You will have ongoing access to a Business Strategy Coach, Marketing Consultant, HR Consultant, and an incredible network of LaundroLab Laundropreneurs to lean on as well.
Laundromats are considered a semi-absentee business model. It takes ~6-12 months to get comfortable with your store and developing a strong front line team. Your main responsibilities will be focused on hiring and training the right team to run the day-to-day operations of your store. Additionally, you'll spend 5-10 hours a week in total managing the manager and managing the cash collection process.