The Opportunity

Ready to own a

LaundroLab?

With over 500 territories primed for LaundroLab, there’s no better time to invest in our rapidly growing brand. It’s time to clean up!

Are you

qualified?

The ideal LaundroLab franchisee should have a wealth of knowledge, experience, and resources to contribute to and enhance our model.

Basic Requirements

Net Worth & Liquidity

A minimum net worth of $1M with $500k in liquid assets and a passed credit & background check. 740+ credit score preferred.

Business Experience

A motivated entrepreneur with the drive to get in on the ground floor of an emerging franchise brand.

Knowledge of LaundroLab

Currently (or working towards becoming) an expert in the laundromat industry, and more specifically, with the LaundroLab brand.

What does it

cost?

Startup costs are dependent on the size and quality of your space and are market dependent.

Franchise Fee
$49,500
Lease Deposit (First month)
$3,000 - $10,000
Grand Opening Advertising
$20,000 - $20,000
Leasehold Improvements
$360,000 - $540,000
Real Estate & Construction Management
$15,000 - $15,000
Architecture/Engineering
$20,000 - $35,000
Signage
$4,000 - $10,000
Computer Equipment
$500 - $2,000
Point of Sale Equipment
$500 - $1,000
Laundry Equipment
$650,000 - $930,000
Inventory
$2,000 - $4,000
Licenses and Professional Services
$500 - $1,000
Prepaid Insurance Premium
$900 - $2,700
Training Expenses
$1,000 - $4,000
Working Capital (3 Months)
$20,000 - $45,000
Camera & Security System
$13,000 - $30,000
Office Equipment
$500 - $1,000
Televisions
$2,000 - $5,000
Furniture
$3,000 - $5,500
Uniforms
$100 - $500
Legal Fees
$2,000 - $5,000
INVESTMENT RANGE
$1,167,500 - $1,721,500
Royalty
6%
Brand Fund
1%

2021

Financial

Performance of an

Affiliate-Owned Unit

These numbers are reflected in the Item 19 section of our Franchise Disclosure Document (FDD).

Revenue Overview

LaundroLab is a full service laundromat providing multiple streams of revenue to our owners. The majority of revenue will come from washers & dryers but are complimented by additional streams including over the counter Wash, Dry, Fold, Vending Machines, ATM, Arcade Games, and POS transactions. This does not include any pickup and delivery revenue from our sister company.

Our Revenue in 2021

Washers & Dryers
$541,154
LaundryPay
$100,059
Arcade, Vending, & POS Sales
$84,753
Wash, Dry, Fold
$43,867
Discounts
-$3,213
Total Revenue
$766,619

Expenses Overview

The majority of your stores expenses are going to be coming from Rent, Labor, and Utilities. While Rent is mostly a fixed cost, Utilities and Payroll are something we pay close attention to right along with you. We have recommendations for staffing best practices to minimize expense. We'll work with you each month to manage your business both revenue, and expenses, to maximize profit.

Our Expenses in 2021

Rent, TICAM, & Building Maintenance
$122,782
Payroll
$105,735
Utilities
$113,397
Supplies
$29,647
Advertising & Marketing
$2,880
Other (8)
$34,156
Royalty Fee
$44,552
Technology Fee
$2,400
Total Expenses
$455,549
EBITDA
$311,070

Our performance in these

difficult times

of covid

The COVID-19 pandemic has unquestionably hit the heart of the American economy. Fortunately, laundromats were deemed essential by the government. We reacted quickly to ensure public health was our top priority by implementing safety measures for our employees and customers. Even after cutting off additional revenue streams, our store continued to show positive growth throughout the pandemic, further proving a recession and pandemic-resistant business.

Where we're

going

Through our research, we’ve uncovered over 500 territories that are primed for your LaundroLab. Get ready to take your pick.

Committed Openings
Charlotte, NC (10)
Atlanta, GA (13)
Denver, CO (6)
Tampa, FL (8)
Miami, FL (5)
Austin, TX (1)
Charleston, SC (1)
Phoenix, AZ (4)
Burlington, VT (1)
San Antonio, TX (8)
Dallas, TX (3)
Boston, MA (1)
Detroit, MI (4)
Raleigh, NC (1)
Nashville (4)
Houston, TX (9)
Philadelphia, PA (3)
Las Vegas, NV (6)
Oklahoma City, OK (3)

National Account

Partnership

Laundrolab Logo2ulaundry logo

Our sister company, 2ULaundry, is changing the way laundry is done, built on convenience with it's pickup and delivery service model. LaundroLab store owners get exclusive access to this partnership, through a National Account Program bringing a completely new revenue stream to your store. Available in select markets. This partnership comes with:

Learn More About 2U
Laundrolab Car

Steps to Becoming a

Laundropreneur™

Step 1

Intro and Application

Introduction call to complete the pre-qualifying franchise application to see our potential fit.

Step 2

Business Overview

Learn more in depth about the LaundroLab business model and answer initial questions.

Step 3

Unit Economics

In-depth walkthrough of Item 7 and Item 19 to build out your financial model, showing your 5-year forecast and potential returns.

Creating
Opportunities.

Enhancing
Communities.

Step 4

FDD & Territory Review

Answer any outstanding questions regarding the FDD including territory review.

Step 5

Laundry Day

Meet the whole LaundroLab team and experience our stores first-hand in Charlotte, NC.

Step 6

Becoming a Laundropreneur™

Sign your Franchise Agreement and kick off on opening your first LaundroLab store!

Interested in owning a LaundroLab?

Tell us a little about yourself and we will get in touch.

Cash available for investment *

Our minimum liquidity requirement is $500k.

Current net worth *

Our minimum net worth requirement is $1M.

What is your level of interest? *

Please tell us a little more about what stage you're in.

How did you hear about us? *

We love to hear how you heard about LaundroLab!

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Continue

FAQs &

Information

What are the startup costs?

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.

Is financing available?

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!

What are the ongoing costs?

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.

How long does it take to open a LaundroLab?

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.

What training do you provide?

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 Laundropreneur™ to lean on as well.

What will my responsibilities be as a LaundroLab owner?

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.