The Opportunity

Ready to Own a

LaundroLab?

Laundromat Franchise Development

With over 500 territories primed for LaundroLab, there’s no better time to invest in our rapidly growing brand. It’s time to clean up!

Are You

Qualified?

The ideal LaundroLab franchisee should have a wealth of knowledge, experience, and resources to contribute to and enhance our model.

Basic Requirements

Net Worth & Liquidity

A minimum net worth of $1M with $500k in liquid assets and a passed credit & background check. 740+ credit score preferred.

Business Experience

A motivated entrepreneur with the drive to get in on the ground floor of an emerging franchise brand.

New Store Opening

Investment

  • These numbers reflect estimates for a 3,000 sq. ft. to 4,000 sq. ft. LaundroLab

  • Refer to our item 7 for additional information

INITIAL FRANCHISE FEE
$49,500
New Franchised Business Opening Investment Services
$18,500
Lease Deposit (Note: First month)
$3,000 - $6,500
Grand Opening Advertising
$20,000
Leasehold Improvements
$435,000 - $640,000
Tap and Impact Fees
Architecture/Engineering
$0 - $40,000
$30,000 - $35,000
Signage - Exterior & Interior
$10,500 - $19,500
Computer Equipment
$500 - $2,000
Point of Sale Equipment
$500 - $1,000
Laundry Equipment
$475,000 - $630,000
Ancillary
Inventory
$60,000 - $80,000
$2,000 - $4,000
Licenses and Professional Services
$1,000 - $2,000
Prepaid Insurance Premium
$7,500 - $12,500
Training Expenses
$1,000 - $4,000
Working Capital (6 Months)
$50,000 - 100,000
Camera & Security System
$10,000 - $30,000
Office Equipment
$500 - $1,000
Televisions
$1,500 - $3,000
Furniture
$4,000 - $6,000
Uniforms
$500 - $1,000
Legal Fees
$2,000 - $10,000
Total
$1,182,500 - $1,715,500

What does it

cost?

Startup costs are dependent on the size and quality of your space and are market dependent.

Franchise Fee
$49,500
Lease Deposit (First month)
$3,000 - $10,000
Grand Opening Advertising
$20,000 - $20,000
Leasehold Improvements
$360,000 - $540,000
Real Estate & Construction Management
$15,000 - $15,000
Architecture/Engineering
$20,000 - $35,000
Signage
$4,000 - $10,000
Computer Equipment
$500 - $2,000
Point of Sale Equipment
$500 - $1,000
Laundry Equipment
$650,000 - $930,000
Inventory
$2,000 - $4,000
Licenses and Professional Services
$500 - $1,000
Prepaid Insurance Premium
$900 - $2,700
Training Expenses
$1,000 - $4,000
Working Capital (3 Months)
$20,000 - $45,000
Camera & Security System
$13,000 - $30,000
Office Equipment
$500 - $1,000
Televisions
$2,000 - $5,000
Furniture
$3,000 - $5,500
Uniforms
$100 - $500
Legal Fees
$2,000 - $5,000
INVESTMENT RANGE
$1,167,500 - $1,721,500
Royalty
6%
Brand Fund
1%

2021

Financial

Performance of an

Affiliate-Owned Unit

These numbers are reflected in the Item 19 section of our Franchise Disclosure Document (FDD).

Revenue Overview

LaundroLab is a full service laundromat providing multiple streams of revenue to our owners. The majority of revenue will come from washers & dryers but are complimented by additional streams including over the counter Wash, Dry, Fold, Vending Machines, ATM, Arcade Games, and POS transactions. This does not include any pickup and delivery revenue from our sister company.

Our Revenue in 2021

Washers & Dryers
$541,154
LaundryPay
$100,059
Arcade, Vending, & POS Sales
$84,753
Wash, Dry, Fold
$43,867
Discounts
-$3,213
Total Revenue
$766,619

Expenses Overview

The majority of your stores expenses are going to be coming from Rent, Labor, and Utilities. While Rent is mostly a fixed cost, Utilities and Payroll are something we pay close attention to right along with you. We have recommendations for staffing best practices to minimize expense. We'll work with you each month to manage your business both revenue, and expenses, to maximize profit.

Our Expenses in 2021

Rent, TICAM, & Building Maintenance
$122,782
Payroll
$105,735
Utilities
$113,397
Supplies
$29,647
Advertising & Marketing
$2,880
Other (8)
$34,156
Royalty Fee
$44,552
Technology Fee
$2,400
Total Expenses
$455,549
EBITDA
$311,070

Company-Owned

Store Performance

  • Refer to our item 19 for additional information

  • The numbers reflected assume our affiliate locations pay the standard brand fund contribution, royalties, and technology investments.

Our performance in these

difficult times

of covid

The COVID-19 pandemic has unquestionably hit the heart of the American economy. Fortunately, laundromats were deemed essential by the government. We reacted quickly to ensure public health was our top priority by implementing safety measures for our employees and customers. Even after cutting off additional revenue streams, our store continued to show positive growth throughout the pandemic, further proving a recession and pandemic-resistant business.

Where We're

Cleaning Up.

Growth Footprint

Arizona

4 stores

Colorado

6 stores

Florida

2U Laundry Icon

17 stores

Georgia

2U Laundry Icon

13 stores

Massachusetts

1 store

Michigan

4 stores

Nevada

6 stores

North Carolina

2U Laundry Icon

14 stores

Oklahoma

3 stores

Pennsylvania

3 stores

South Carolina

2U Laundry Icon

1 store

Tennessee

4 stores

Texas

2U Laundry Icon

29 stores

Vermont

1 store

States with Stores Open

2U Laundry Icon

States with 2U Active

Current State

Leases Signed

24

Under Construction

14

Stores Open

12

2U Markets

6

Where we're

going

Through our research, we’ve uncovered over 500 territories that are primed for your LaundroLab. Get ready to take your pick.

Committed Openings
Charlotte, NC (10)
Atlanta, GA (13)
Denver, CO (6)
Tampa, FL (8)
Miami, FL (9)
Austin, TX (1)
Charleston, SC (1)
Phoenix, AZ (4)
Burlington, VT (1)
San Antonio, TX (8)
Dallas, TX (3)
Boston, MA (1)
Detroit, MI (4)
Raleigh, NC (1)
Nashville (4)
Houston, TX (9)
Philadelphia, PA (3)
Las Vegas, NV (6)
Oklahoma City, OK (3)

Delivery Account

Partnership

Laundrolab Logo2ulaundry logo

Our sister company, 2ULaundry, is changing the way laundry is done, built on convenience with it's pickup and delivery service model. LaundroLab store owners get exclusive access to this partnership, through a Delivery Account Program bringing a completely new revenue stream to your store. Available in select markets. This partnership comes with:

Learn More About 2U

Steps to Becoming a

Laundropreneur™

Step 1

Intro and Application

Introduction call to complete the pre-qualifying franchise application to see our potential fit.

Step 2

Business Overview

Learn more in depth about the LaundroLab business model and answer initial questions.

Step 3

Unit Economics

In-depth walkthrough of Item 7 and Item 19 to build out your financial model, showing your 5-year forecast and potential returns.

Creating
Opportunities.

Enhancing
Communities.

Step 4

FDD & Territory Review

Answer any outstanding questions regarding the FDD including territory review.

Step 5

Laundry Day

Meet the whole LaundroLab team and experience our stores first-hand in Charlotte, NC.

Step 6

Becoming a Laundropreneur™

Sign your Franchise Agreement and kick off on opening your first LaundroLab store!

Interested in Owning a LaundroLab?

FAQs &

Information

What are the startup costs?

Our estimated total project cost can range from $1.18M to $1.7M for a 3,000 to 4,000 sq. ft. store which can be financed through various financing programs. These project costs are dependent on size and market. Please refer to our Item 7 in our FDD for more details.

Is financing available?

Yes! We have a number of options for financing including equipment financing through Laundrylux Financial Services as well as Eastern Funding. Additionally, we have established relationships with a number of lenders who can assist with SBA 7a, 504, and ROBs programs. We'll help you connect with the right groups!

What are the ongoing costs?

We have a 6% royalty fee, 1% brand fund contribution, $300 per month technology investment, and a mandated monthly minimum local marketing spend of $1,000/$500 per month. Please reference Item 6 in our FDD for more details.

What training do you provide?

We pride ourselves on operational excellence and providing a 5-star experience to our customers and store owners. Before you open, you'll attend a hybrid training at our headquarters in Charlotte, NC followed by on-site training at your store during your soft opening. You will have ongoing access to a Franchise Business Coach, Marketing Consultant, HR Consultant, and an incredible network of LaundroLab Laundropreneurs™ to lean on as well.

What will my responsibilities be as a LaundroLab owner?

Laundromats are considered a semi-absentee business model. It takes ~6-12 months to get comfortable with your store and develop a strong frontline team. Your main responsibilities will be hiring and training the right team to run the day-to-day operations of your store.

Interested in Owning a LaundroLab?

Tell us a little about yourself and we will get in touch.

Cash available for investment *

Our minimum liquidity requirement is $500k.

Current net worth *

Our minimum net worth requirement is $1M.

What is your level of interest? *

Please tell us a little more about what stage you're in.

How did you hear about us? *

We love to hear how you heard about LaundroLab!

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