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.
Franchise Costs
4% royalty + 1% marketing fund + 1% technology fee
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
Key Insights
- Higher investment than 95% of Personal Care Services franchises
| Franchise | Investment | 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
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
14 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
14 Contacts Available
Unlock all Speed Queen franchisee contacts with verified contact information
Due Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
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.
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