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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

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LaundroLab Franchise Cost and Requirements for 2024

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: 15 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

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 - 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.

2024 Franchise Requirements Needed to Own a LaundroLab Franchise.

What does a LaundroLab Franchise Cost?

LaundroLab franchise fees for 2024:

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 (2022): 


Corporate Store 1 (6th year open): $868,659 Total Gross Revenue and $235,276 EBITDA (27% EBITDA Margin)
Corporate Store 2 (2nd year open): $512,827 Total Gross Revenue and $136,648 EBITDA (26.6% EBITDA margin)

Potential markets have pick up/delivery account revenue where 2ULaundry is operating. This is NOT available in every market.

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%.

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?

Yes. LaundroLab franchise does 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.

Where can I see LaundroLab's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Dry Cleaning & Laundry, Non Food Franchises

Number of Units Open

LESS THAN 20 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.

Franchises Similar to LaundroLab

Martinizing Cleaners, Lapels Dry Cleaning, OneClick Cleaners, Zoom Express Laundry, EnviroClean Drycleaners, Eco Laundry Company, WaveMAX Laundry, Dorm Doctors, Spin Doctor

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.

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