LaundroLab logo

LaundroLab

Laundromats
Investment
$1,182,500
Initial Franchise Fee
$49,500
Units
22
Growth Rate
+2,100.0%

Overview

Industry
Services (Other)
Founded
2016
Franchising Since
2020
Parent Company
2ULaundry
Leadership
Beck Miller, Sr. Director of Franchising
# of Employees at HQ
35

Units and Growth Chart

About LaundroLab

Known for its vibrant colors and various amenities, LaundroLab is a demonstrated expert in laundromat services. With clean spaces, a friendly atmosphere, and optimized appliances, LaundroLab has been attempting to revolutionize the laundromat industry for several years. 

On a mission to establish one of the nation’s best and most reliable laundromat, LaundroLab started its journey back in 2016 under a different name, “U2Laundry.” They have since pivoted into the first of its kind laundry experience through accessible, cutting-edge technology for a seamless franchisee and customer experience. Your LaundroLab franchise could be next.

Why You May Want To Start a LaundroLab Franchise

LaundroLab is looking for a franchisee who is dedicated to excellent service, community, and accountability. The ideal candidate is resourceful, timely, strategic, and persistent. If this tenacious spirit of ingenuity sounds like you, opening a LaundroLab franchise may be easier than ever. 

The potential responsibilities of a franchisee include engaging with customers and clients, developing marketing strategies, and overseeing day-to-day operations.

LaundroLab strives to offer fairly low overhead costs as needed inventory and staff are minimal. Their model aims at a semi-absence operational style with the possibility of working as little as 10 hours a week. With few dominant players in the industry, LaundroLab may be an opportunity ripe for picking. By utilizing a safe, friendly, clean, and modern environment with top-of-the-line equipment, franchising with LaundroLab may encourage repeat customers through franchisees’ exceptional service.

What Might Make a LaundroLab a Good Choice?

Opening a LaundroLab franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry. 

To be part of the LaundroLab team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements. 

LaundroLab has partnered with third-party financial lenders that may help cover the costs of the franchise fee, startup cost, and equipment.

How to Open a LaundroLab Franchise

As you decide if opening a LaundroLab franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a LaundroLab franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the LaundroLab franchising team questions.

Should you decide LaundroLab is suitable for you, and LaundroLab decides you’re right for them, new franchisees will be provided with a tenured team, technology, and training. The corporate LaundroLab crew can provide support in real estate, construction, operations, and marketing through their combined management expertise.

Investment Details

Initial Franchise Fee
$49,500
Initial Investment
$1,182,500 - $1,715,500
Net Worth Requirement
$1,000,000
Cash Requirement
$500,000
Royalty Fee
6%
Ad Royalty Fee
1%
Technology Fee
$300/mo.
Term of Agreement
10 years
Is Franchise Term Renewable?
Yes
Financing
Third Party
Veterans Incentive
10% off franchise fee

Available Territories

Franchising opportunities available in the following regions

United States

States

Alaska Alabama Arkansas Arizona California Colorado Connecticut District of Columbia Delaware Florida Georgia Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maine Michigan Minnesota Missouri Mississippi Montana North Carolina Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania South Carolina Tennessee Texas Utah Vermont Washington Wisconsin West Virginia Wyoming

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training
29 hours
Classroom Training
12 hours

Ongoing Support

Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform

Marketing Support

Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
3-11
Are exclusive territories available?
Yes

Ranking History

LaundroLab performance in the Franchise rankings over recent years

No data available at this time.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022