LaundroLab franchise Cost Profit Benefits

 

Smereczniak and D’Aquisto began an official franchising program in 2021 after opening the first LaundroLab store and selling a dozen franchises in a short period. There is now only one corporate store open for the brand-new LaundroLab franchise. However, many franchises have been sold, and additional locations in the Southeastern United States are about to open.

 

What is the Laundrolab ?

A recognized 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?

1. Introduction and Use

The pre-qualifying franchise application must be completed to determine whether franchisees are a good fit.

2. Business Overview in Step 2

Learn more about the LaundroLab business model in-depth and respond to any questions franchisees may have.

3. 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.

4. FDD & Territory Review

Answer any outstanding questions regarding the FDD including territory review.

5. Laundry Day

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

6. 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
Year Established	2016
Company Name	LaundroLab
Founder/Management Head	Dan D’Aquisto, Cofounder & President
Franchising Started	2020
Employees at Company H.O	25
Franchise Expansion Plan	Laundra Lab plans to expand over 500+ more upcoming territories.
Number of Units	9 (as of 2023)
Number of Franchise Units	no exact number is available
Social Media Handles	Facebook
	Instagram
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 to 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, the LaundroLab franchise might be a golden chance.

 

How much does a Laundrolab franchise cost

The anticipated overall project cost for LaundraLab can be anywhere between $1.6M to $1.9M as per their official website, 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	$1.6M-$1.9M
Royalty Fee	6%
Advertising Fee	1 %
Term of Agreement	10 years
Is the franchise term renewable?	Yes

 

Laundrolab Staff and Franchise Training 

Franchisees spend a week at our corporate office completing a variety of training programs to prepare them to manage their franchise. We’ll go through the fundamentals and a lot more. LaundraLab provides 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 specialized 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 its commitment to operational excellence. The franchisee will be prepared by you, and you’ll help them with:

1. HQ LaundroLab 101 Training
2. Training for LaundroLab 101 at your location
3. Strategic Business Coach Digital Operations Manual Access Employee Hiring & Onboarding.

 

How is Laundrolab Franchise Territory Granted

LaundraLab does grant territory but has not disclosed information about it. 

 

What is the Laundrolab Franchise Term of Agreement and Renewal?

LaundraLab franchise term of agreement is for 10 years. They have not mentioned the renewal term. 

 

Does the Laundrolab Franchise provide Financial Assistance?

LaundroLab provides internal financing for the following expenses: starting expenses, and 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

Pros

1. 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.

2. 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.

3. 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.

Cons

1. 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 it is not readily available it gives the customer a chance to give you a bad rating. Here is when the franchisee has to be careful. 

2. Like any other business, you must be prepared to handle disputes, rowdy clients, and clients who 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 every day. You would have laundry work daily which will generate enormous revenue. You can also choose 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 labor is required. Hence it is considered 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 offering, 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 neighborhood. 

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 worth the investment. There is no other chance than investing in this as this is a growing field. People these days are occupied with their work and do not have the time to do their laundry regularly. 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’s 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 the latest FDD. Well, they have 2 company-owned units and one franchise-owned unit. As of 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	$1.6M-$1.9M	$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

 

Conclusion 

Through a 5-star customer and franchisee experience, LaundroLab’s 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 

1. Maytag Commercial Laundry 
2. SuperSuds 
3. The Eco Laundry Company
4. Speed Queen 
5. WaveMAX Laundry
6. Zoom Express Laundry
7. Unishippers Franchise
8. Self-Serve Dog Wash
9. QuikTrip Franchise
10. Maytag Commercial
11. Noble Locksmith Franchise
12. Dog Wash Franchise
13. Camp Bow Wow Franchise
14. Mr Jeff Franchise

 

Frequently Asked Questions (FAQs)

1. Is the Laundrolab franchise profitable?

Yes, LaundroLab franchise is very much profitable. 

2. Can you make money owning a Laundrolab?

Yes, you can make money owning a LaundroLab

3. Is a Laundrolab a franchise?

Indeed, LaundroLab is a franchise. 

4. How much is the Laundrolab franchise?

Initial investment is between $1,167,500 and $1,721,200 in price

5. How does Laundrolab make money?

They help people sort out their laundry load and clean and do laundry for people.