The laundry industry is valued over $40 billion dollars and growing. With no dominant player in the space, we're on a mission to build the first, and best, nationally recognized brand in laundry.
Laundry is an essential business, and everyone needs clean clothes.
Fragmented industry that hasn't been changed in years.
During the pandemic, the U.S. Department of Homeland Security recognized laundromats and all laundry services as an essential business and critical infrastructure. Laundromats thrive in both periods of economic growth and recession.
Low Marketing Spend
The traditional laundromat is unattended making it an unsafe environment that is typically dirty and unwelcoming.
LaundroLab prides itself on being a clean, safe, and consistent experience for customers every time.
90% of laundromats nationwide haven't changed in 20+ years. We call these Zombiemats!
Electrolux high spin machines are the best in the industry, getting customers in and out in under an hour!
These laundromats don't have places for people to sit, let alone standard services that customers deserve.
Our stores are stacked full of amenities that are convenient for our customers including plenty of folding, lounge, and kids space.
With everything you read above, you can understand why customers don't have loyalty to these stores.
Our customers come back every time because we care. They have a memorable and consistent experience every time.
Every LaundroLab store is designed with the customer in mind. We emphasize a bright, clean, and welcoming experience that brings the community together.
Our modern and tech forward approach bridges the gap of convenience and consistency. Take a look inside for yourself, we know you'll be impressed.
Our estimated total project cost can range from $1.6M to $2.7M for a 4,000-6,000 sq. ft. store which can be financed up to 75-80% 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 have established relationships with a number of lenders who can assist with SBA 7a, 504, and ROBs programs. We'll help you connect with the right groups!
We have a 6% royalty fee, 1% brand fund contribution, $250 per month technology investment, and a mandated monthly minimum local marketing spend of $1,000/$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 four day training at our headquarters in Charlotte, NC followed by on-site training at your store during your soft opening. You will have ongoing access to a Franchise Business 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 develop a strong frontline team. Your main responsibilities will be 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.