RIPON, Wis. — Speed Queen Laundry Franchise LLC, a subsidiary of commercial laundry equipment manufacturer Alliance Laundry Systems, says it is now offering Speed Queen-branded Laundromat franchises in nearly all of the United States.
The Speed Queen Laundromat Franchise is offered via select distributors and its internal sales team.
The comprehensive package includes “everything entrepreneurs need to open, operate and grow a vibrant Laundromat business,” Alliance says.
Franchisees will benefit from in-house financing, equipment selection and layout, Speed Queen-branded store design (including store fixtures) and signage, a marketing playbook, training, business coaching and more.
“Nobody in this industry is better qualified and equipped to assist entrepreneurs in tapping into the $5 billion U.S. Laundromat industry than Speed Queen,” says Justin Tripp, president of Global Retail for Alliance Laundry Systems. “Our Speed Queen Laundromat franchises will leverage our industry-leading technology and collective experience, alongside of the brand awareness that Speed Queen has built over more than 110 years.”
Alliance says the Laundromat industry continues to attract newcomers “due to its highly attractive 20% to 30% return on investment, great success rate and management ease.” The latter comes courtesy of Speed Queen Insights, which provides "a powerful suite of technology” when combined with Point of Sale (POS) and Customer Relationship Management (CRM) tools, the manufacturer adds.
Tripp says the franchise model elevates the vended laundry by focusing on providing the safest, cleanest and most customer-friendly environment, one that takes the chore out of the task.
“I really see us at the forefront of a movement,” he says. “Through our approach and Speed Queen’s advanced technology, we are creating an environment that will serve as an example for the industry and spark additional efforts to raise the customer experience to new heights. That’s truly exciting.”