10 Best Laundromat Franchise Opportunities 2024

Laundry care continues to be one of the fastest-growing industries in the United States.

Not everyone likes to wash their clothes at home, especially when it comes to students and people on rent; people usually prefer laundromats, making them one of the most vital services. 

Laundromat is one of the most recession-proof industries, and franchising is a growing part of it.

There are various advantages of investing in a laundromat franchise over starting your own business from scratch.

Best Laundromat Franchise Opportunity
Best Laundromat Franchise Opportunity

As a franchisee, you are backed with a widely known brand name, receive support from the franchisor and have a full-proof business plan to follow. 

Investing in a Laundromat franchise is a perfect opportunity for those looking to own a business without working constantly.

If you have plans to break into the booming industry, there’s no better time than now.

In this article, we will share the 10 best laundromat franchise opportunities that can help you kickstart your business. Let’s get started!

Read How Much Does It Cost To Open A Laundromat Business?

Also Read: How Much Does A Laundromat Owner Make?


10 Best Laundromat Franchise Opportunities 

If you have makeup your mind about investing in a laundromat franchise, here are the ten best laundromat franchise opportunities in the United States best for you:

1. Speed Queen Franchise

Speed Queen

Founded1908
Franchising Since2009
Estimated Outlets29,500
Initial Investment$125,750-$1,254,500
Franchise Fees$75,000
Liquidity$300,000
Royalty Fees4%

Speed Queen is known as the leader in commercial laundry.

From making cutting-edge laundry equipment to offering a fantastic laundry experience, Speed Queen truly offers a memorable laundry experience.

Speed Queen leverages state-of-the-art technology and a suite of technology tools along with a business model adapted to your lifestyle to make it more convenient and profitable to run your own business. 

With hundreds of stores across the globe, Speed Queen laundry is looking for a franchisee to expand more.

As a franchisee, you’ll be equipped with all the necessary tools to start seeing returns in no time.

They have one of the lowest startup costs and offer initial training, marketing, real estate support, and in-house financing.

In addition, you’ll be provided with a dedicated franchise manager to assist you in the process from the beginning till the end. 

Read Full Blog Speed Queen Franchise


2. Maytag Commercial Laundry Franchise

Maytag Commercial Laundry Franchise

Founded1893
Franchising Since2010
Estimated OutletsN/A
Initial Investment$100,001-$200,000
Franchise FeesNone
Liquidity$75,000
Royalty FeesNone

Maytag is a commercial laundry franchise and one of the oldest brands in the laundry industry.

It was founded in 1893; the laundry offers high-end professional cleaning services and established itself as one of the established names in the industry. 

Maytag franchise offers attractive franchise opportunities for new business owners by giving them access to its recognized brand image, ready-made customer base, equipment, and marketing support.

The franchisor offers financing solutions to its clients to help them cover the startup costs and walk them through all the steps involved in getting their business up and running. 


3. The Eco Laundry Company Franchise 

Founded2010
Franchising Since2013  
Estimated Outlets145
Initial Investment$229,700-$350,000
Franchise Fees$30,000
LiquidityN/A
Royalty Fees6% 

The Eco Laundry Company is an organic and the world’s first certified B corporation dry cleaner and laundry service franchise.

Founded in 2010, the company dedicates 1% of its annual net revenue to environmental organizations.

The company’s eco-friendly franchise is a good option for like-minded individuals who fully understand their mission and value social responsibility and green business practices.

The company started franchising in 2015 and actively looking for franchisees to share its services with a wider audience.

They have ongoing support functions, marketing tools, training programs, and equipment upgrades in place to help you effectively replicate their business in your neighborhood and start making money from it. 


4. Tide Cleaner Franchise

Tide Cleaner

Founded2008
Franchising Since2009
Estimated Outlets125
Initial Investment$663,500-$1,576,400
Franchise Fees$20,000-$50,000
Liquidity$500,000
Royalty Fees6.5%

Tide Cleaners is one of the fastest-growing dry-cleaning brands in the United States that we all know and love. Founded in 2008, Tide is known for bringing expert garment care to customers.

With more than 92% brand awareness, now is the best time to invest in a Tide Cleaner franchise opportunity and be a part of this growing brand. 

Tide Cleaners are looking for franchisees with an entrepreneurial spirit, a willingness to devote full-time efforts, and a strong desire to succeed to be a part of their family.

Previous franchise experience is preferred but not necessary to open a Tide Cleaner franchise.

They provide outstanding startup and ongoing training to franchisees and support in all areas of the business. 

Read In Detailed Tide Cleaners Franchise


5. Wavemax Franchise

Wavemax Franchise

Founded2012
Franchising Since2016
Estimated Outlets150
Initial Investment$234,455–$999,950
Franchise Fees$49,950
Liquidity$200,000
Royalty Fees6%

WaveMax Laundry is a national coin-only laundromat franchise chain that offers self-service and wash-dry-fold service options for customers.

Officially launched in 2012, the company is different from its competitors due to its innovative approach and excellent customer experience and could be the best move to be a part of this million-dollar industry.

WaveMax is aggressively pursuing its growth strategy and looking for franchisees throughout the United States.

As a WaveMax laundry franchisee, you’ll receive training and support in sales development, customer service, marketing, and financials.

The franchisor will handle all aspects of your business until you are fully ready to manage the business yourself.


6. Zips Dry Cleaners Franchise

Zips Dry Cleaners

Founded1996
Franchising Since2006
Estimated Outlets68
Initial Investment$1,015,700-$1,470,000
Franchise Fees$50,000
Liquidity$150,000
Royalty Fees6%

Zips Dry Cleaners is top-class dry cleaning and laundry services company in the United States.

Found in 1996, the company introduced the revolutionary concept of offering dry cleaning services for just $1.99.

The company started franchising in 2006, about 13 years ago, and seeking new franchisees all across the country.

Asa Zips franchisee, you’ll get invaluable support, training, and the tools you need to operate a high-volume dry-cleaning business.

The zips will give you a 6-week comprehensive training program, startup assistance, help in managing daily operations, site selection, and marketing support. 

Their state-of-the-art technology system allows franchisees to handle tremendous volume efficiently and simplify day-to-day operations.

In addition, Zips Dry Cleaners also has relationships with third-party financers to cover startup costs, franchise fees, inventory, equipment, payroll, and more. 

Read Detailed Blog Zips Dry Cleaners Franchise


7. Zoom Express Laundry Franchise

Founded1988
Franchising Since1990
Estimated Outlets9
Initial Investment$682,300-$1,347,750
Franchise Fees$39,000
Liquidity300,000
Royalty Fees6%

Zoom Express Laundry is another great laundromat franchise opportunity that is worth considering.

This self-service laundromat provides professional cleaning services, laundry pickup, and drop-off services at your doorstep.

Zoom Express Laundry is not just a convenient option for customers but also offers attractive opportunities for business owners. 

To meet the demanding progressions of this industry, Zoom Express Laundry is offering excellent franchise opportunities.

They help each franchisee throughout the processes by offering initial training, helping them select the location, contacting our reputable vendors, and even assistance with marketing their new business.

Read In Detailed Zoom Express Laundry Franchise


8. Express Laundry Center Franchise

Express Laundry Center 

Founded2011
Franchising Since2011
Estimated Outlets5
Initial Investment$250,000-$1,000,000
Franchise FeesNone 
Liquidity$75,000-$300,000
Royalty FeesNone 

The Express Laundry Center is another popular franchise opportunity in the United States. It offers a complete turnkey solution for new coin and card-operated laundries.

Equipped with Express wash, the laundry center offers a 60-minute wash/dry/fold marketing hooks and can serve multiple customers a day. 

As an Express Laundry Center franchisee, you’ll have access to a broad array of supporting tools, highly efficient high-speed laundry equipment, in-house financing, and local marketing management support.

Plus, it is free of any franchise restrictions, costs, and red tape. Making it one of the best opportunities to invest in.

The Express Laundry Center is a perfect solution for those looking for a self-service and proven laundry brand to invest their money in. 

Read In Detailed Express Laundry


9. Comet Cleaners Franchise

Comet Cleaners

Founded1920
Franchising Since1967
Estimated Outlets350+
Initial Investment$93,000-$890,000
Franchise Fees$10,000-$30,000
Liquidity$150,000
Royalty Fees6%

Comet Cleaners is one of the industry leaders that have introduced industry innovations in the laundromat industry.

Founded in 1920, they currently have more than 350 franchise locations in 18 states.

Comet Cleaners is currently seeking qualified and motivated franchisees candidates throughout the United States, which is an extraordinary opportunity for all ambitious entrepreneurs. 

As a franchisee, you’ll get the security of working with experts who have more than 70 years of experience in the industry and will assist you in all aspects of your store.

They provide comprehensive hands-on, on-site training, equipment installation, real estate, and marketing support to help you successfully operate your store.

Comet Cleaners also offer financing via third-party and discounts for veterans. 

Read In Detailed Comet Cleaners Franchise


10. Martinizing Dry Cleaning Franchise

Martinizing Dry Cleaning

Founded1949
Franchising Since1949
Estimated Outlets456
Initial Investment$62,850-$85,900
Franchise Fees$24,500
Liquidity$35,000
Royalty Fees4%

Martinizing Dry Cleaning is a privately-owned dry-cleaning industry that provides quick and cost-effective dry-cleaning services.

With more than 60 years of experience in the industry, the company operates more than 456 stores throughout the United States and six other countries. 

Martinizing Dry Cleaning offers two unique franchise opportunities that can create wealth and equity for you.

They offer initial and ongoing training and also have relationships with third-party sources to arrange financing to cover franchise fees, startup costs, inventory, equipment, payroll, accounts receivable, and more.

Detailed Article Martinizing Dry Cleaning Franchise


When Should You Choose A laundromat Franchise?

When thinking of either starting a laundromat business or buying a franchise, evaluating its benefits and disadvantages is a must. This evaluation will help you in making better decision.

Here are some advantages and disadvantages of choosing a laundromat franchise:

Advantages:

1. Not Seasonal

While severe weather changes or low or high temperatures impact many businesses but with a laundromat business people need to do laundry every single day or once in a week irrespective of temperature of weather changes.

2. Minimal Employee Management

Less employees are required in a laundromat franchise business. This makes it easier to manage the business and also reduces payroll cost and employee-related expenses.

3. Economic Impact

Like other businesses such as real estate, hospitality, and tourism, a laundromat franchise business is not impacted by recession or any kind of economic breakdown this is because people need clean clothes.

Disadvantages

1. Irregular Hours

Sometimes in a laundromat franchise business you have to work for irregular hours. When emergencies come up customers don’t consider whether you are on sick leave or vacation, they just need their work done.

2. Operating Cost

Most often laundromat franchise owners complain about the utility and rent cost. As cost of gas, electricity, and water continues to rise, the laundromat franchise owners should always go for energy-efficient equipments which will help reduce all these expenses.

3. The Competition

Despite being a profitable franchise business, there are a lot of competitors in the business. So if you want to earn a good return on your investment then work on building a strong strategy and be unique or different from the competitors in the area.


Things You Need To Know Before Choosing A Laundromat Franchise

If you are thinking of buying a laundromat franchise, then it’s best to consider the below-listed prerequisites before investing:

1. Location

Location is a significant aspect of a laundromat business. So, look for locations near clusters of apartment complexes, in or near colleges and universities, or a busy strip shopping center with no competition.

You might also look for laundromat franchises, which are listed on search engines. This will make it easier for first-time customers to search your franchisee on the google.

2. Expenses

When buying a laundromat franchise it’s also essential to check the expenses, cost, and profit associated with the franchise brand.

The expenses include franchise fees, initial investment, royalty fee, and any other expense or cost required by the company.

This expense varies from company to company and for location to location.

3. Competition

Competition is one of the major aspects to look for. If the location you are thinking to set up your laundromat franchise already has 2-3 shops laundromat shops then there are high chances that they already have a loyal customer base.

In this situation, if you are thinking of setting your franchisee in the same location then you need to apply a strong strategy.

4. Equipment

When buying a laundromat franchise, look for whether the company will provide you with the equipment or you have to buy it? what will be the cost of the various equipments? What equipments are required in a laundromat business?

These are some questions that you have to consider before investing in any laundromat franchise.


Comparison of Top 5 Laundromat Franchise Opportunities

Company NameSpeed QueenMaytag Commercial LaundryThe Eco LaundryTide CleanersWaveMax
Founded  19081893201320082012
Outlets  29,500N/A145125150
Franchise Fee  $75,000$75,000$30,000$20,000-$50,000$49,950
Initial Investment  $125,750-$1,254,500
$100,001-$200,000  
$229,700-$350,000
$663,500-$1,576,400  

$234,455–$999,950
Royalty Fee4%None6%6.5%6%

Conclusion

Investors looking to invest in a growing industry are flocking toward the laundromat and dry-cleaning industry for a good reason.

Laundromat is one of those industries that stood strong throughout the years and has the potential to remain unaffected during economic dips. 

The demand for clean clothes is present all year round, which means a steady cash flow and stream of revenue for laundromat owners.

However, buying a laundromat franchise requires a lot of legwork to choose the provider that suits your needs. 

This guide on the best laundromat franchise opportunities will help you choose the best laundry franchise in the USA based on the initial investment, franchise fees, and franchising support offered by the franchisor.

All the names listed above have well-built reputations of successfully running laundromats all across the country and offer the resources you need to start and operate your laundromat business. 


FAQ

Is Laundromat Franchise Profitable?

The laundromat industry is one of the most lucrative industries that has been proven time and again to be successful.

With $5 billion combined nationwide gross annual revenue, the laundromat industry has a 95% success rate.

An average laundromat has a profit margin of 20% to 35%, which is quite high for a small business.

If you get started in the right direction and choose the right option, you’ll get cash flow between $15,000 to $300,000 per year. 

Should I Purchase An Existing Laundromat Franchise Or Start My Own?

Purchasing an existing laundromat franchise is always less of a risk than starting your own laundromat business from the ground up because much of the startup work and business plan will already be in place for you.

On the other hand, if you start your own laundromat business, you’ll have to put everything in place, including a business plan, equipment, employees, branding, marketing, and more.

How Much Does A Laundromat Franchise Cost?

Just like any other business, the startup cost of a laundromat franchise depends on your business model or the laundry provider you want to work with.

Coin-operated laundries have lower startup costs, low maintenance, and a high percentage of repeat customers.

For all the startup and operational costs, an average laundromat franchise costs around $1.2 million.

What Is The Laundromat Franchise Profit Margin?

A good profit margin is very significant for any investor investing in a laundromat franchise. The average profit margin of a laundromat franchise is 20-35%, which is very high for a small business.

Which Is The Cheapest Laundromat Franchise?

According to the above-mentioned data, the cheapest laundromat franchise is Martinizing Dry Cleaning, with the lowest initial investment of $62,850-$85,900 and a franchise fee of $24,500.

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