Smereczniak and D’Aquisto began an official franchising programme in 2021 after opening the first LaundroLab store and selling a dozen franchises in a short period of time. There is now only one corporate store open for the brand-new LaundroLab franchise. However, a number of franchises have been sold, and additional locations in the Southeastern United States are about to open.
What is the Laundrolab ?
A recognised authority in laundromat services is LaundroLab. LaundroLab has been trying for a while to transform the laundromat business with clean spaces, a welcoming environment, and improved appliances. A franchisee who is committed to providing outstanding service, the community, and responsibility is sought after by LaundroLab.
Is Laundrolab a business opportunity?
- Introduction and Use
The pre-qualifying franchise application must be completed in order to determine whether franchisees are a good fit.
- Business Overview in Step 2
Learn more about the LaundroLab business model in-depth and respond to any questions franchisee may have.
- Unit 3: Economics
A thorough explanation of Items 7 and 19 is provided to help you construct your financial model and display your 5-year prediction and possible profits.
- FDD & Territory Review
Answer any outstanding questions regarding the FDD including territory review.
- Laundry Day
Meet the whole LaundroLab team and experience Laundra Lab stores first-hand in Charlotte, NC.
- Becoming a Laundropreneur
Sign your Franchise Agreement and kick off on opening your first LaundroLab store!
Facts That Nobody Told You About Laundrolab
- Since there are currently no dominating companies in the business, which generates $5.3 billion in yearly revenue, LaundroLab intends to make a big impression.
- With its focus on the needs of the consumer, LaundroLab is reimagining the conventional laundromat by acting as a one-stop shop for all laundry requirements.
- Because the money from washing clothes is non-discretionary, launderettes are a dependable industry. As you might expect, a large majority of laundromat users don’t have washers and dryers in their own homes.
|Laundrolab Franchise Information|
|Industry Type||Dry Cleaning & Laundry Services|
|Sub Category||Services Franchises|
|Founder/Management Head||Dan D’Aquisto, Cofounder & President|
|Employees at Company H.O||25|
|Franchise Expansion Plan||Laundra Lab plans to expand over 500+ more upcoming territories.|
|Number of Units||3|
|Number of Franchise Units||1|
|Social Media Handles|
|Company Office location||4444 South Blvd., #300Charlotte, NC 28209|
Laundrolab Franchise Requirements
A wealth of knowledge, experience, and resources are necessary for the perfect LaundroLab franchisee to improve our business.
The ideal applicant is creative, punctual, strategic, and tenacious. If you possess this relentless spirit of inventiveness, starting a LaundroLab franchise might be simpler than ever.
Since there is no need for inventory and staff, LaundroLab aims to have relatively low overhead costs. Their operational approach aspires for a semi-absence style with the ability to work as few as 10 hours per week. Since there aren’t many dominant companies in the market, LaundroLab franchise might be a golden chance.
How much does an Laundrolab franchise cost
The anticipated overall project cost for LaundraLab can be anywhere between $1,167,500 and $1,721,200, and up to 80–90% of that cost may be covered by various financing options. The size and market of the project will determine its costs. This is the same cost in the US as well to buy a franchise.
|Laundrolab Franchise Initial and On-going Franchise Cost|
|Laundrolab Franchise Fee||$49,500|
|Laundrolab Franchise Cost||$1,167,500 – $1,721,500|
|Advertising Fee||1 %|
|Term of Agreement||10 years|
|Is franchise term renewable?||Yes|
Laundrolab Staff and Franchise Training
Franchisees spend a week at our corporate office completing a variety of training programmes to prepare them to manage their franchise. We’ll go through the fundamentals and a lot more. LaundraLab provide their franchisees with on site training as well. To assist with any last-minute needs before and on the big day, we’ll deploy support before the franchisee’s grand opening. Franchisees will have a specialised Business Coach available to them at all times for continuing guidance, support, and queries.
Laundrolab Franchise Operations
LaundraLab prides itself on delivering a 5-star experience in all they do and on their commitment to operational excellence. The franchisee will be prepared by you, and you’ll help them with:
- HQ LaundroLab 101 Training
- Training for LaundroLab 101 at your location
- Strategic Business Coach Digital Operations Manual Access Employee Hiring & Onboarding.
How is Laundrolab Franchise Territory Granted
LaundraLab does grant territory but have not disclosed informationa about it.
What is Laundrolab Franchise Term of Agreement and Renewal?
LaundraLab franchise term of agreement is for 10 years. They have not mentioned the renewal term.
Does Laundrolab Franchise provide Financial Assistance?
LaundroLab provides internal financing for the following expenses: starting expenses, tools. They also offer third party financing help: With the help of connections with outside resources, LaundroLab can provide funding for the following: equipment, startup expenditures, and franchise fees.
Pros & Cons of Laundrolab Franchise
- You’ll have the opportunity to work with our devoted team members, learn all about a LaundroLab, and see for yourself why we are so certain that this will be a game-changing invention.
- The number of staff that store owners often have to manage ranges from 1-4 full-time to 4-5 part-time. To get attendants up to speed on laundry operations, very little training is needed.
- Since the bulk of consumers are located within a 2-mile radius, laundromat marketing expenses are cheap in comparison to those of many other industries.
- Your consumers and business won’t care if you’re away, ill, etc. when crises and problems arise. At times, customers need laundry on time, and when its not readily available it gives the customer a chance give you a bad rating. Here is when the franchisee has to be careful.
- Like any other business, you must be prepared to handle disputes, rowdy clients, and clients that mistreat your property.
How much do Laundrolab franchise owners make?
Laundrolab is a franchise opportunity that is growing in popularity and owners make an average salary of $61,000. This figure can vary depending on the size of the business and the experience of the franchisee.
What is Laundrolab franchise profit?
Yes, LaundroLab is very profitable as laundry is something people need everyday. And you would have laundry work on a daily basis which will generate enormous revenue. You can also chose to have a part-time employee to run the laundry business and you have to operate it once and it will work on its own. Little labour is required. Hence it is considered as a profitable business.
What are Laundrolab franchise reviews
LaundroLab is a full-service laundromat that offers its owners several cash sources. While washers and dryers will generate the majority of revenue, other sources like over-the-counter wash, dry, and fold, vending machines, ATMs, arcade games, and POS transactions will also contribute. The earnings from our sibling company’s pickup and delivery services are not included. Since there are currently no major companies in the business, which generates $5.3 billion in yearly revenue, we LaundraLab intend to make a big impact.
One advantage of investing in a LaundroLab is that launderettes are a necessary industry that can be operated in a semi-absentee capacity with simple staff, marketing, and inventory. As soon as you walk into one of their locations, you’ll notice how secure, welcoming, and cutting-edge it is, with state-of-the-art amenities that will change the way you and your clients think about using a laundromat.
Laundrolab Franchise Rankings
The Laundrolab Franchise Rankings is an independent analysis of the best laundromat franchises in the U.S. The rankings are based on a variety of factors, including customer satisfaction, financial strength, and franchisor reputation.
Being a new franchise offerings,you will not find franchise rankings on Laundrolab.I will rate this franchise opportunity for you.
The Franchise Deck rating for the Laundrolab franchise is 3.5/5.0.
Franchise Deck Analysis and Overview
The LaundroLab approach is accessible to entrepreneurs throughout the Southeast. Aspiring businesspeople can apply to become a LaundroLab owner, investing in a recession-proof, semi-absentee source of revenue that benefits the neighbourhood.
The partners claim that to help its franchisees grow their business, LaundroLab will provide them with a business playbook, technology resources, education, and assistance from a team with extensive experience and a well-known brand. It is a business worth taking into consideration as it has shown immense growth in the past few years.
Is the Laundrolab worth the investment?
Yes, it is definitely worth the investment. There is no other chance than investing in this as this is a growing field. People these days are occupied in their work and do not really have the time to dotheri laundry on a regular basis. Hence, if you invest in this franchise, there is a chance that it may grow super fast in the future and will expand on a huge basis.
Yes LaundroLab franchise profit is worth the franchise cost, even though profit related information has not been shared, it has been generating revenue and has been growing in the industry.
Laundrolab Franchise Sucess and Failure Rate
Information about this has not been mentioned by the Laundrolab in latest fdd. Well,they have 2 company owned units and one franchise owned unit.As if 2021 and 2022 none of these units have closed.
|Competition Analysis of Laundrolab|
|Franchise Brand||Cost to Franchise||Franchisee Fees||Royalty + Ad fees||Expected Profit||Recoup of Capital||FD Rating|
|Laundrolab Franchise||$1,167,500 – $1,721,500||$49,500||Royalty Fee: 6%Ad Fee: 1 %||40%||Not disclosed in FDD||3.5/5.0|
|TIDE CLEANERS||$682,100 – $1,586,700||$20,000 – $50,000||Royalty Fee: 6.5%Ad Royalty Fee: 4%||20-35%||Not disclosed in FDD||4.0/5.0|
|ZIPS DRY CLEANERS||$745,700 – $1,300,000||$50,000||Royalty Fees: 6%||Not disclosed in FDD||Not disclosed in FDD||3.0/5.0|
|The Eco Laundry Company||$229,700 – $500,000||$30,000||Royalty Fee: 6%Ad Royalty Fee: 2%||Not disclosed in FDD||Not disclosed in FDD||3.8/5.0|
|Speed Queen||$490,000 to $1,275,000||$15,000||Royalty Fee: 2-4%||Not disclosed in FDD||Not disclosed in FDD||4.0/5.0|
|MARTINIZING||$419,650 – $730,525||$69,500||Royalty Fee: 6%Ad Royalty Fee: 1%||Not disclosed in FDD||Not disclosed in FDD||3.0/5.0|
Through a 5-star customer and franchisee experience, LaundroLab is on the goal to develop the best, most dependable laundromat brand in the country. By offering clients the security, comfort, and conveniences they want, LaundroLab will upend the burgeoning but antiquated laundromat sector. When customers enter LaundroLab, they will see the security and information screens.
You can look at other options in the laundry franchise opportunities categories can look at
- Maytag Commercial Laundry
- The Eco Laundry Company
- Speed Queen
- WaveMAX Laundry
- Zoom Express Laundry
- Unishippers Franchise
- Self-Serve Dog Wash
- QuikTrip Franchise
- Maytag Commercial
- Noble Locksmith Franchise
- Dog Wash Franchise
- Camp Bow Wow Franchise
- Mr Jeff Franchise
Frequently Asked Questions (FAQs)
- Is the Laundrolab franchise profitable?
Yes, LaundroLab franchise is very much profitable.
- Can you make money owning a Laundrolab?
Yes, definitely you can make money owning a LaundroLab
- Is a Laundrolab a franchise?
Indeed, LaundroLab is a franchise.
- How much is Laundrolab franchise?
Initial investment is between $1,167,500 and $1,721,200 in price
- How do Laundrolab make money?
They help people sort out their laundry load and clean and do laundry for people.