2018
20
$500,000
$49,500
$1,715,500
No
LaundroLab will disrupt the growing but archaic laundromat industry by providing customers with a tech-centric customer experience with the convenience, safety and amenities they desire. Our technology suite provides patrons with free WiFi, ability to pay via their smart phone, as well as participate in our loyalty program. Our state of the art equipment can get patrons in and out in under an hour. In addition, amenities like vending, merchandising, arcade gaming are available, as well as service options like wash-and-fold by our attendant on premises. LaundroLab provides its franchisees with a successful semi-absentee business model that allows them to monitor their key performance indicators via their smart phones and other devices.
Established: 2018
First Unit Franchised: 2021
Franchised Units: 20+ with 100+ licenses sold.
Company Owned Units: 2
States Registered In: Alabama - AL, Alaska - AK, Arizona - AZ, Arkansas - AR, California - CA (Exemption), Colorado - CO, Connecticut - CT, Delaware - DE, District of Columbia - D.C., Florida - FL, Georgia - GA, Idaho - ID, Illinois - IL (Exemption), , Iowa - IA, Kansas - KS, Kentucky - KY, Louisiana - LA, Maine - ME, Massachusetts - MA, Michigan - MI, Minnesota - MN, Mississippi - MS, Missouri - MO, Montana - MT, Nebraska - NE, Nevada - NV, New Hampshire - NH, New Jersey - NJ, New Mexico - NM, North Carolina - NC, Ohio - OH, Oklahoma - OK, Oregon - OR, Pennsylvania - PA, South Carolina - SC, Tennessee - TN, Texas - TX, Utah - UT, Vermont - VT, Washington - WA (Exemption), West Virginia - WV, Wisconsin - WI, Wyoming - WY
Canada Franchises: No
International Franchises: No
Financial Assistance Provided: Yes
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Recruiting Assistance: No
Cooperative Advertising: Yes
Training:
Before opening - online and at headquarters: Franchisees will have online training courses and spend two days at our headquarters going through a in person training courses to get them ready to run their franchise! We’ll cover the basics and so much more.
On-Site: We’ll send support prior to franchisee’s grand opening to help with any last-minute needs before and on the big day.
Ongoing: Franchisees will have a dedicated Business Coach to help with ongoing mentoring, support, and questions they may have along the way.
Our ideal candidate is financially qualified and looking to make an impact in their local community. We feel that bringing a safe, and clean laundering service to a community is one simple way you can start to see change in an area! Individuals with previous experience in marketing and management are also traditionally an ideal fit for this franchise.
Cash Investment: $500k
Total Investment: $1,182,500 - $1,715,500
Minimum Net Worth: $1,000,000
Franchise Fee: $49,500
Royalty: 6%
Ad: N/A
Item 19:
Average Number of Employees: 4-5
Visa Candidates: No
Passive Ownership: Yes
Home-Based: No
B2B: No
Master Franchise Opportunities: No
Veteran Discount: Yes - If (i) you are a Veteran, or (ii) the shareholders, members, or partners owning at least 51% of franchised business are Veterans then we will discount our initial franchise fee for your first location by 10%.
