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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!
The ideal LaundroLab franchisee should have a wealth of knowledge, experience, and resources to contribute to and enhance our model.
A minimum net worth of $1M with $500k in liquid assets and a passed credit & background check. 740+ credit score preferred.
A motivated entrepreneur with the drive to get in on the ground floor of an emerging franchise brand.
Currently (or working towards becoming) an expert in the laundromat industry, and more specifically, with the LaundroLab brand.
Startup costs are dependent on the size and quality of your space and are market dependent.
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These numbers are reflected in the Item 19 section of our Franchise Disclosure Document (FDD).
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.
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.
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.
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Through our research, we’ve uncovered over 500 territories that are primed for your LaundroLab. Get ready to take your pick.
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:
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Introduction call to complete the pre-qualifying franchise application to see our potential fit.
Learn more in depth about the LaundroLab business model and answer initial questions.
In-depth walkthrough of Item 7 and Item 19 to build out your financial model, showing your 5-year forecast and potential returns.
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Answer any outstanding questions regarding the FDD including territory review.
Meet the whole LaundroLab team and experience our stores first-hand in Charlotte, NC.
Sign your Franchise Agreement and kick off on opening your first LaundroLab store!
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 Laundropreneur™ 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.
This information is not intended as an offer to sell or the solicitation of an offer to buy a franchise. It is for information purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.
If you are a resident of one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your jurisdiction. Franchise offerings are made by Franchise Disclosure Document only.
© 2022 LAUNDROLAB FRANCHISE
This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.
If you are a resident of one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your jurisdiction. Franchise offerings are made by Franchise Disclosure Document only.
