Description
LaundroLab is a modern laundromat franchise that reimagines traditional laundry services by offering a customer-centric experience. The brand provides a one-stop solution for all laundry needs, emphasizing convenience and quality.
Franchisor Details
Franchisor Name
LaundroLab
Year Founded
2015
Franchising Since
2020
Home Office
New York, New York
Training
Offers extensive training on laundromat operations, technology systems, marketing, and customer service.
Industry
Dry Cleaning & Laundry Services
Franchise Costs
Total Investment
$1,182,500 - $1,715,500
Net Worth Required
$1MM
Liquid Capital Required
$500,000
Franchise Fee
$49,500
Royalty Fee
6%
Values & History
Founded with the mission to elevate community laundromats, LaundroLab focuses on operational excellence and delivering a five-star experience to customers. The company values innovation, community engagement, and exceptional customer service.
Industry Performance
The laundromat industry generates approximately $5.3 billion in annual revenue and continues to grow. With no dominant players currently in the market, LaundroLab aims to make a significant impact by offering a modern and customer-focused approach.
Training & Support
Franchisees receive comprehensive training, including a hybrid program at the company’s headquarters in Charlotte, NC, followed by on-site training during the store’s soft opening. Ongoing support includes access to a Franchise Business Coach, Marketing Consultant, HR Consultant, and a network of LaundroLab owners.
Qualifications
Prospective franchisees should have strong business acumen, a commitment to operational excellence, and a passion for community engagement. While prior experience in the laundry industry is not required, a dedication to providing exceptional customer service is essential.