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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.
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Franchise Costs
4% royalty + 1% marketing fund + 1% technology fee
Financial Performance
Item 19 Financial Performance
Data Based On: 13 franchised Speed Queen businesses that were open for the entire period January 1, 2025 to December 21, 2025.
* The financial performance data for franchised units on Page 5 only provides Gross Sales (Revenue). To estimate Average EBITDA and a profit range for franchised units, the weighted average EBITDA margin from the company-owned store data (15 units across three tiers: Top, Mid, Low, found on Pages 1 and 3) was used as a proxy, as it was the most complete profit and loss information available. - Company-owned store weighted average EBITDA margin was calculated as (5 Top Tier units * 34.8% + 5 Mid Tier units * 27.5% + 5 Low Tier units * 12.6%) / 15 total units = 24.97%. - Estimated Average EBITDA for franchised units = Average Gross Revenue ($720,144.60) * 0.24966666666666665 = $179,796.10. - For `best_guess_profit_low` and `best_guess_profit_high`, the lowest (12.6% from the Low Tier) and highest (34.8% from the Top Tier) EBITDA margins of the company-owned stores were applied to the franchised average gross revenue: - `best_guess_profit_low` = $720,144.60 * 0.126 = $90,738.22. - `best_guess_profit_high` = $720,144.60 * 0.348 = $250,610.32.
Extracted Item 19 Section
Avg. Revenue: $720,145
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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% | 15 |
| COST CUTTERS | $184K – $336K | $40K | 5.0% | 911 |
| COMFORT KEEPERS | $120K – $191K | $55K | 5.0% | 619 |
| REGAL NAILS SALON & SPA | $173K – $722K | $25K | N/A | 513 |
| PALM BEACH TAN | $639K – $1.0M | $30K | 6.0% | 398 |
| HOUSE OF COLOUR | $33K – $52K | $30K | 4.0% | 312 |
Personal Care Services Average 20 franchises | $416K – $805K | $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 (2025)
Outlets by state across the United States
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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.
2 SBA loans on record
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Franchisee Contacts
19 franchisee contacts on file from official FDD filings.
19 Contacts Available
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Due Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
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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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