Speed Queen
Speed Queen Laundry Franchise, LLC offers franchises for high-end laundromats called Speed Queen Stores, providing self-service access to commercial-grade washing machines, washer-extractors, and tumblers in urban or suburban high-traffic locations. The business model licenses the SPEED QUEEN trademark, proprietary operating system, and Playbook to franchisees for single stores or multiple stores via area development agreements. It targets investors seeking premium self-service laundry businesses serving local residents in strip centers or mixed-use developments.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
4% royalty + 1% marketing fund + 1% technology fee
Franchise Stats
Financial Performance
Item 19 Financial Performance
Data Based On: 12 franchised Speed Queen businesses that were open for the entire period January 1, 2024 to December 21, 2024.
* Average gross revenue for franchised stores is directly from the 'Historical Gross Sales for Franchised Stores' table. Profit estimates (best_guess_profit_low and best_guess_profit_high) were calculated by applying estimated expense percentages to the franchised average gross revenue. Expense percentages were derived from the 'Historic Revenue and Selected Expenses for Company Owned Stores' data (Page 3) and explicit notes regarding franchisee costs (Pages 4 and 5). For 'best_guess_profit_high', a lower total expense percentage of 64.8% was used, based on a sum of top-tier company store averages and explicit franchisee requirements. For 'best_guess_profit_low', a higher total expense percentage of 91.9% was used, based on a sum of low-tier company store averages, upper bounds of utility ranges, and maximum marketing requirements.
Extracted Item 19 Section
How Speed Queen Compares to Other Personal Care Services Franchises
Key Insights
- Higher investment than 95% of Personal Care Services franchises
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
Speed Queen Current | $1.2M - $2.0M | $50K | 4.0% | 14 |
| COST CUTTERS | $184K - $336K | $40K | 5.0% | 911 |
| COMFORT KEEPERS | $120K - $191K | $55K | 5.0% | 619 |
| PALM BEACH TAN | $639K - $1.0M | $30K | 6.0% | 398 |
| HOUSE OF COLOUR | $33K - $52K | $30K | 4.0% | 312 |
| DRYBAR | $410K - $1.0M | $50K | 7.0% | 176 |
Personal Care Services Average 20 franchises | $416K - $816K | $43K | 5.9% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 20 Personal Care Services franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
SBA Loan History
Historical SBA 7(a) loan data for Speed Queen franchisees (2023 - 2025)
Loans by Year
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
Unlock Franchisee Contact Database
14 franchisee contacts on file. Upgrade to see names, locations, phone numbers, and matched SBA loan data.
Upgrade to Pro$199/year · Cancel anytime
Due Diligence
Litigation (Item 3)
No litigation involving franchisees reported in the FDD.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a Speed Queen franchise?
The total initial investment to open a Speed Queen franchise ranges from $1,199,663 to $1,983,000. This includes a franchise fee of $49,500. Ongoing royalty fees are 4.0% of gross sales.
How much revenue does a Speed Queen franchise make?
According to the 2025 FDD, the average gross revenue for a Speed Queen franchise is $570,480.67. The median revenue is $544,226.
How much profit can you make with a Speed Queen franchise?
Based on the financial performance data in the FDD, estimated profit for a Speed Queen franchise ranges from $46,208.93 to $200,809.2 per year. Actual results vary based on location, management, and market conditions.
How many Speed Queen franchise locations are there?
As of the 2025 FDD, Speed Queen has 14 franchise locations. The company has been franchising since 2019.
Can you get an SBA loan for a Speed Queen franchise?
Yes, SBA loans are available for Speed Queen franchises. Historical data shows 2 SBA 7(a) loans have been approved for Speed Queen franchisees, with an average loan amount of $1,717,500. The historical default rate is 0.0%.
Is Speed Queen a good franchise to buy?
Speed Queen shows several positive indicators: transparent financial performance data (Item 19), low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
Interested in Speed Queen?
Talk to a franchise advisor to get personalized guidance and learn if Speed Queen is the right fit for you.
Talk to an Advisor