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.
Mickey Mitchell Finds A Successful Investment After Retirement
Former high school teacher and football coach, Mickey Mitchell, reached retirement and was looking for an opportunity to invest in a small business. He and four other investors saw an unmet need in their town and opened a laundromat, the Texas Wash Tub. The laundromat is equipped with Speed Queen equipment and its Quantum™ Gold networking system, which allows Mitchell to monitor cash flow and profitability, as well as generate financial reports for members of his ownership group. The laundromat was built from the ground up and achieved a return on investment after one month.
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