Description: Profitable and recession-resistant, there's no business like the laundry business. With lower startup costs than a franchise and 20-35% ROI, investing in a laundromat means investing in success. In fact Speed Queen® laundromats have a 94.5% success rate. Opportunities: Single and multi-unit opportunities available in the US. Business Type: Business Opportunity. Minimum Cash Required: $100,000. Financing Assistance: Yes, from the company. Training Provided: Yes. Home-based: Yes.
Speed Queen Case Study: Ed and Rich McCobb
Speed Queen® Financial Services, through our industry-leading finance program, has helped thousands of investors achieve their dreams of laundry ownership. In fact, laundromats backed by us have a 94.5% success rate.* We guide you through every step, from financing to design and from setup to maintenance. We're here for you.
Speed Queen - Testimonials
With Speed Queen equipment and support, my new laundromat made $22,000 in the first month. Our first month in business beat our expectations by 10 percent, and each month we continued to get busier and busier. Speed Queen has been with us every step of the way – they are a true partner in our business.Ed McCobb, Canoga Park, CA
In order to create a successful business and achieve a return on my investment as soon as possible, I partnered with Speed Queen Financial Services to finance my equipment. By developing a customized financial plan specific to my needs, I was able to turn a profit more quickly. My laundromat’s success has led my son and I to start thinking about opening additional laundromats and I look forward to working with Speed Queen when that day comes.Bill Kingsmill, Covington, LA
In 2009 I was looking for a recession-resistant business investment. After researching, I discovered that opening a vended laundromat met all of the criteria I was looking for, including the flexibility of hands-off management. I truly enjoy running my business and I can’t say enough good things about my experience working with Speed Queen and my equipment distributor.Ed Ellis, St. Cloud, FL
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