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Updated RecentlySPEED QUEEN Cost Comparisons
About SPEED QUEEN
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Establishment, development and operation of commercial laundromats under the name Speed Queen.
You may not know much about laundromat investments, but with Speed Queen
you don’t have to.
The Speed Queen Laundry business model and our
industry-leading technologies make running a laundromat easy.
The total investment necessary to begin operation of a Speed Queen Store
is $705,500 to $1,411,500. This includes $390,000 to $648,000 that must
be paid to the franchisor or their affiliate(s).
If you sign an area development agreement to establish and operate multiple Speed Queen Stores, your estimated initial investment under the agreement will vary depending on how many Stores you agree to develop.
If you sign an area development agreement to establish and operate multiple Speed Queen Stores, your estimated initial investment under the agreement will vary depending on how many Stores you agree to develop.
The total investment necessary under the area development agreement,
based on a commitment of 3 Speed Queen Stores, is $2,117,500 to
$4,239,500. This includes $30,000 of development fees that must be paid
to the franchisor or their affiliates.