Speed Queen®

A Sound Investment

Laundromats in the U.S. see an average cash-on-cash ROI of 20-35% (9)—much higher than most alternative investments. And when you factor the flexibility and low labor costs, laundromats just make sense.

100% Success Rate of Speed Queen

Nearly 94.8% success rate (5)
All the benefits of a profitable investment––without all the risks.

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Adaptable to your lifestyle
Enjoy the flexibility of running your laundromat the way that fits your lifestyle.

Tax Advantages on Speed Queen Products

Tax advantages
In many countries, you can write off equipment purchases and claim equipment depreciation as a loss on your taxes.
*Consult your tax advisor to see what tax advantages you are eligible for.

20-35% average ROI

20-35% average ROI (9)
An average cash-on-cash ROI of up to 35% is both impressive and advantageous when compared to other investments.

Low Labour Costs of Speed Queen Washers and Dryers

Low labor costs
Your machines do the work so you don’t have to. In fact, 70% of laundromat investors have 0-3 employees.(5)

Simplified accounting

Simplified accounting
Customers pay up front using cash, coin or the Speed Queen app, meaning laundromats don’t incur the cost, time and hassle of many other investments’ accounting requirements.

Laundromats vs. Other Investments

Not all investments are created equal, and not all yield the same returns. See how other investments stack up against laundromats.

Start-up Costs

$1,000,000 $1M
$500,000 $500K
$200,000 $200K
$50,000 $50K
 
 
 
 
Car Wash(4) A
Convenience Store(1)(7) B
Self-storage(2)(3)(6) C
Laundromat(5)(8) D
A = Car Wash
B = Convenience Store
C = Self-storage
D = Laundromat

The Difference Is Clear

Compared to other investments like car washes, convenience stores and self-storage––laundromats just make sense.

Game-Changing Technology

Not all vended laundries are created equal. Investors seeking to
maximize their return on investment in opening up a laundromat,
must offer customers commercial laundromat equipment
that enables them to tailor wash and dry cycles to their unique
needs. Speed Queen Quantum Touch equipment delivers unparalleled
returns. To see how this cutting-edge control leaves the
competition in the dust and makes you more money, click the button below.

Speed Queen Quantum Touch

Speed Queen Insights takes management ease and the customer
experience to new heights. With features such as a customer app
and mobile payment option, owners can be assured their laundromat
business is giving customers flexibility that other laundries
can’t match. And by leveraging all owner tools on one platform,
they’ll streamline management and be ready to scale the
business quickly to multiple locations, while their competition is
left counting quarters.

Speed Queen Insights

How to Start a Laundromat?
Work with the Leader.

Are you ready to learn more about the benefits of opening a laundromat
business, as well as all the advantages available to you when you work
with the global leader in commercial laundry equipment? Fill out the form below and request our guide to how to open a laundromat.

How to Start a Laundromat?
Work with the Leader.

Are you ready to learn more about the benefits of opening a laundromat
business, as well as all the advantages available to you when you work
with the global leader in commercial laundry equipment? Fill out the form below and request our guide to how to open a laundromat.

Financing Made Easy

When compared to other investments, laundromats have a high success rate. That number gets even higher when your investment is backed by Speed Queen. We’re confident we can make your business successful.

Business plan consultation With Speed Queen

Business plan consultation

Our seasoned experts will help you identify your short- and long-term business objectives in order to build a customized financial program that will help you reach your goals.

Meeting Betwween laundry professionals

Personalized relationship management

Our experienced laundry professionals personally manage your account from the beginning to the end of the loan—but it doesn’t have to stop there. Your contact will continue to tailor specific programs for future financing situations.

Laundry-focused financing

When you finance with Speed Queen®, you get a comprehensive financing plan that’s tailored to fit your needs, your budget and your goals, including structuring your front-end payments to coincide with your store’s projected ramp-up.

Take the Next Step

Footnotes

  1. About Starting a Self-Storage Business. (Date Unknown). Smallbusiness.chron.com. Retrieved May 15, 2013, from http://smallbusiness.chron.com/starting-self-storage-business-2099.html
  2. 7-Eleven Inc. (Date Unknown). Entrepreneur.com. Retrieved May 15, 2013, from http://www.entrepreneur.com/franchises/7eleveninc/282052-0.html
  3. An Introduction to Self Storage. (Date Unknown). Selfstorage.org. Retrieved May 15, 2013, from http://selfstorage.org/ssa/AM/downloads/09_Abt_IntrotoSS.pdf
  4. Circle K. (Date Unknown). Entrepreneur.com. Retrieved May 15, 2013, from http://www.entrepreneur.com/franchises/circlek/329152-0.html
  5. Speed Queen laundromat success rate is the number of NOT charged off loans per laundry divided by total numbers of loans originated from January 2001 through June 2013, based on experience of Speed Queen Financial Services.
  6. Self Storage Franchise (Date Unknown). Alloptions.com. Retrieved May 15, 2013, from http://franchise.alloptions.com/self-storage-franchise.aspx
  7. What a Ride. (2010, June). Csnews.com. Retrieved May 15, 2013, from http://www.csnews.com/article-what_a_ride-444.html
  8. Speed Queen Financial Services estimates this start-up cost range between $100,000 and $300,000. This is based on an average of thirty percent down payment required on total laundry store development costs for new laundry store transactions.
  9. Wallace, B. (2014, December 9). Getting Into the Laundry Business [Webinar]. Retrieved October 6, 2015, from http://www.coinlaundry.org/HigherLogic/System/DownloadDocumentFile.ashx?DocumentFileKey=f0c0f96e-bac9-4baa-b0ed-5e3f40c01e69
  10. Coin Laundry Association (Date Unknown). Operations and performance. Retrieved 2018, September 10)
  11. The content of this page (including, without limitation, any analysis forming part of it) is general information, for personal use only and should not be relied upon for investment purposes. This page provides information based on subjective assumptions and does not provide actual or expected returns, which may in practice be lower than those stated in the brochure. You should obtain independent financial advice prior to making any decision to invest in, or with, Alliance Laundry Systems LLC.