LaundroLab franchise fees for 2023:
Cash Investment: $350,000-$400,000
Total Investment: $1,593,716 - $1,943,180
Minimum Net Worth: $1,000,000
Franchise Fee: $49,500
Item 19 (2022):
Corporate Store 1 (5th year open): $844,695 Total Gross
Revenue and $252,586 EBITDA
Corporate Store 2 (1st year open): $370,433 Total Gross
Revenue and $37,273 EBITDA
If a store is in a market with delivery accounts and operates
with them, then that has potential to add ~$500,000 gross and
~$100,000 EBITDA. This is reflected on our Item 19 for both
corporate stores with and without delivery accounts.
Average Number of Employees: 4-5
Visa Candidates: No
Passive Ownership: Yes
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%.
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.
No. LaundroLab is not a home based franchise opportunity.
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.
No. LaundroLab is not a master franchise opportunity.
Yes. LaundroLab franchise does offer a veteran discount.
No. LaundroLab franchise does not work with E2 Visa and EB-5 Visa candidates.
No. LaundroLab franchise is not looking for Canada franchisees.
No. LaundroLab franchise is not looking for International franchisees.
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.