LaundroLab

LaundroLab is on a mission to establish the nation's best, most reliable laundromat brand through a 5-star customer and franchisee experience. LaundroLab will disrupt the growing but archaic laundromat industry by providing customers with the safety, convenience, and amenities they desire. Customers will notice the security and information screens upon entering LaundroLab. Our technology suite provides patrons with free wifi, the ability to pay via their smartphone, as well as participate in our loyalty program. Our state of the art equipment can get patrons in and out in under an hour.

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LaundroLab Franchise Cost and Requirements for 2022

Background

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.

Company Details

Established: 2018
First Unit Franchised: 2021
Franchised Units: 35
Company Owned Units: 2
States Registered In: Alabama - AL, Arizona - AZ, Arkansas - AR, Colorado - CO, Florida - FL, Georgia - GA, Idaho - ID, Indiana - IN, Iowa - IA, Kansas - KS, Kentucky - KY, Louisiana - LA, Maine - ME, Massachusetts - MA, Michigan - MI, Minnesota - MN, Mississippi - MS, Missouri - MO, Montana - MT, 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, Vermont - VT, West Virginia - WV, Wisconsin - WI, Wyoming - WY
Canada Franchises: No
International Franchises: No

Support and Training Offered By LaundroLab

Financial Assistance Provided: Yes
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Recruiting Assistance: No
Cooperative Advertising: Yes
Training:
Before opening at headquarters: Franchisees spend a week at our headquarters going through a series of 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.

2022 Franchise Requirements Needed to Own a LaundroLab Franchise.

What does a LaundroLab Franchise Cost?

LaundroLab franchise fees for 2022:

Cash Investment: $350,000
Total Investment: $1,000,000 to $1,500,000
Minimum Net Worth: $1,000,000
Franchise Fee: $50,000
Royalty: 6%
Ad: N/A
Item 19 (2020): $622,638 Total Gross Revenue and $230,140 EBITDA
Average Number of Employees: 4-5
Visa Candidates: No
Passive Ownership: Yes
Home-Based: No
B2B: No
Master Franchise Opportunities: No
Veteran Discount: No

Is LaundroLab a Semi Absentee Franchise with a Passive Ownership Opportunity?

Yes. LaundroLab is a semi absentee franchise and allows passive ownership. A semi-absentee franchise is a business you could start and run while still maintaining a job or other obligation.

Is LaundroLab a Home Based franchise?

No. LaundroLab is not a home based franchise opportunity.

What Do LaundroLab Franchise Owners Make?

Click here to find out how much LaundroLab franchisees make. LaundroLab offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is LaundroLab a Master Franchise Opportunity?

No. LaundroLab is not a master franchise opportunity.

Does LaundroLab Offer a Veteran Discount?

No. LaundroLab franchise does not offer a veteran discount.

Does LaundroLab Work with E2 Visa and EB-5 Visa Candidates?

No. LaundroLab franchise does not work with E2 Visa and EB-5 Visa candidates.

Is LaundroLab Looking for Franchisees in Canada?

No. LaundroLab franchise is not looking for Canada franchisees.

Is LaundroLab Looking for International franchisees?

No. LaundroLab franchise is not looking for International franchisees.

Additional Information

Additional Categories

Dry Cleaning & Laundry

Number of Units Open

20-50 UNITS

Cash Required

More than $250,000

Master Franchise

No

Passive Franchise

Yes

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

E2 Visa Franchise

No

LaundroLab Franchises for Sale

Click Here to inquire about existing LaundroLab franchises for sale. We may have LaundroLab franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.