Speed Queen

Who are we

What to know about Speed Queen franchise? Speed Queen is a manufacturer of laundry machines in the United States. They offer a wide range of laundry machines for both commercial and residential use. They are known for their high-quality, durable products. The machines offer a variety of features that make them ideal for businesses, including high capacity, energy efficiency, and programmable controls. Their team of engineers are constantly innovating to create new technologies that make their products even better. Speed Queen is committed to providing their customers with the best possible laundry experience. Speed Queen provides their franchisees with the opportunity to operate commercial laundromats under the name SPEED QUEEN®. They also offer a wide range of support services to help their franchisees succeed. These services include site selection, training, marketing, and financial assistance. Speed Queen is based in Ripon, WI. Scroll down to learn more!How much does a Speed Queen franchise cost?Are you wondering how much is a Speed Queen franchise? Before starting a Speed Queen franchise, it is important to know the franchise fee, working capital and other costs required to start the business.The minimum investment amount required to open a Speed Queen franchise is $1,049,500 and can go all the way up to $1,755,000. Keep in mind, you should also allocate additional funds to live off of while the Speed Queen business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Speed Queen franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Speed Queen business 2) pass break even 3) hit significant income.After (and if) you pass the point of earning significant income from your Speed Queen franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.