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.
Mike Gilley Partners with Speed Queen to Grow his Business Model
Mike Gilley is a multi-store laundromat owner with locations throughout Indiana and Kentucky. Since buying his first store more than 30 years ago at age 17, Gilley has owned more than twenty coin laundries. Speed Queen Financial Services, his laundry manufacturer’s in-house finance operation, was a key partner in helping Gilley replicate and grow his business model. When opening each of his new stores, Gilley worked closely with Speed Queen and his distributor to review the local demographics in order to build profitable businesses that would meet the needs of the community.
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