Speed Queen Franchise Review
Speed Queen is graded based on our most recent FDD research!
Franchise Opportunity Information
Speed Queen is for the establishment, development, and operations of commercial laundromats.
What is the upfront investment costs to own a Speed Queen franchise?
Speed Queen has a franchise fee of up to $30,000, with a overall upfront investment range from $490,000 to $1,275,000.
- Initial Franchise Fee: $30,000
- Total Investment: $490,000 to $1,275,000
- Working Capital: $20,000 to $40,000
- Royalty Fee: 4.0%
The upfront cost of any franchise opportunity includes several fees. Unlock this investment opportunity to better understand the initial costs required to purchase a Speed Queen, such as territory fees, construction and costs, grand opening marketing, and technology fees. It should be noted that, franchisors are required to disclose all upfront fees. These are not only fees that are actually paid, but also commitments to fees you are required to pay.
Can you Afford a Speed Queen Franchise. Complete our Affordability Calculator to find out!
How much does a Speed Queen franchise owner make?
As with any new investment opportunity, there needs to be a reasonable ROI and profit potential. The specific franchise owner's income and the profits from a Speed Queen business depends on a lot of different factors. One way to validate the potential revenues or profits generated from a Speed Queen franchise investment is to review the franchisor's Item 19 within their FDD. This is called a financial performance representation. This is an option for franchisors within their disclosure and approximately 68% of all franchisors that we have reviewed will disclose financial performance data within Item 19 of their FDD. Some franchisors may provide limited information such as average gross revenues. This type of financial disclosure is not always helpful to determine profits for you directly. So review overall sales data with caution. As a general rule, usually earnings and owner's salary are equitable to the overall size of the upfront investment. The larger the initial investment, the higher return you could anticipate
For additional information and franchise specific on the profits of a Speed Queen franchise opportunity, unlock this franchise
How many franchise locations does Speed Queen franchise system own?
As of the 2019 Franchise Disclosure Document, there are 0 franchised Speed Queen locations throughout the United States.
Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.
Are there any Speed Queen franchises in my state?
Based on 2019 FDD research, Speed Queen has franchised locations in 0 states. There may be no locations in several states as each franchise plans their development strategy differently.
Based on our research this franchise is growing into new markets and could be available in your city. While planning your franchise purchase, you should be considering what is a good location for my franchise. Anlayze the potential customer base to confirm that your city has a need or want for this franchise.
One of our advisors will have detailed knowledge about this franchise. Unlock to learn more and speak with our advisors.
Last Reviewed: 2019
Sector: Personal Services
Category: Laundry & Dry Cleaning
Speed Queen Franchise DATA
10 Years
5 Years
0
0
4.0%
1.0%
FAQS
Does this franchise provide any initial training and opening assistance?
Yes, they have an initial training program of 40 hours. This includes 0 hours of classroom training, 40 hours of on-the-job training, and 0 hours of online training. In their FDD they outline who's in charge of the training. Unlock to find out more.
| Online | 0 |
|---|---|
| On-the-Job | 40 |
| Classroom | 0 |
| Total | 40 |
Does this franchise provide Territory Protections?
Speed Queen does NOT offer territory protections. For an explanation of territorial rights, unlock this franchise for more details.
Do they have computer and technology support in place?
No, Speed Queen does NOT offer comprehensive support for franchisees.
When did Speed Queen begin franchising?
They began franchising in 2019. The average Laundry & Dry Cleaning franchise began franchising in 2019.
Do they offer lending options?
Yes. They offer certain financing options within Item 10 of their FDD.
Unlock this franchise for instant access to our research reports, including:
- Growth breakdown
- Turnover breakdown
- Financial transparency
- Initial and renewal terms
- Royalties and marketing fees
- Important Franchise FAQs
- Our grade and free access to consult with a franchising expert
- How much do franchise owners historically make?
- Does this brand provide Veteran or First Responder discounts?
- Does this brand use public figures to promote their franchise?
- Does this brand disclose any bankruptcies?
- Is this franchise related with any other franchise brands or private equity investment groups?
- How many new locations have they opened in the last 5 years?
- How many franchised locations have closed in the last 5 years?
- How many new outlets have they sold in the last 5 years?
- How many franchised locations have terminated in the last 5 years?
- Does this brand operate any company or affiliate owned locations?
- How many years is their initial and renewal term lengths?
- Does this brand have any lawsuits?
- How long have they been franchising?
- Are they actively selling franchises in the US?
- How often are royalties and advertising fees paid to the franchisor?
- Is your desired franchise territory available?
- What support can you expect to receive from the franchisor?
- Why has new franchise outlet growth been so high?
- What are the important requirements for operating a successful franchised location in this system?
- Are you required to work as an owner-operator or is this a passive investment opportunity?
- Does this brand provide multi-unit discounts for buying more than one outlet?