Speed Queen Laundromat Leader Weighs on the Future of Franchise in the Laundry Industry
Like all businesses, the laundromat industry continues to evolve in both offerings, technology and operations. This evolution has brought new investors to the game, looking to tap into the exceptional cash-on-cash return on investment. So, it’s no surprise that this evolution has brought the franchise concept into the spotlight.
In a recent feature in Planet Laundry, Dan Bowe, general manager of North America franchising and retail operations for Speed Queen Laundromats shared his thoughts on the idea and the advantages Speed Queen Laundromats has over other newcomers to the business.
In the article, Bowe said, “Nobody in the industry has more firepower behind them – technology, experience, company-owned stores to pilot marketing activities – than Speed Queen. That stable of tools is a definite game-changer in making the franchise model much more accessible and successful. I think the other difference is that today’s investors want more of a turnkey approach.”