Lapels Laundromat

Overview

Website: www.lapelslaundromat.com

Franchise Fee: $55,000

Royalties: 6%

Cash Investment: $250,000

Total Investment: $907,905 - $1,711,738

Net Worth: $700,000

VetFran: No

SBA Approved: Yes

Master Franchise / Area Developer Opportunity: No

Additional Details

As part of the rapidly growing $13 billion laundry industry, Lapels Laundromat provides franchisees with a proven business model that meets the demand for clean, efficient, and hassle-free laundry services. Our locations feature state-of-the-art equipment, mobile technology for easy payments and notifications, and thoughtfully designed spaces that make laundry less of a chore and more of a convenience.
With flexible ownership models to fit a range of investment levels, Lapels Laundromat is an ideal opportunity for entrepreneurs seeking a business with recurring revenue and strong community appeal. Backed by decades of brand recognition and franchise expertise, we give our owners the tools, training, and support they need to thrive.
WHY Lapels Laundromat?
Multiple revenue streams including self-service laundry, WDF, dry-cleaning, alterations, shoe repair, leather and suede and more
The most technologically advanced laundromat on the market today
Gives franchisees the opportunity to grow their business with multiple revenue streams
OUR IDEAL FRANCHISEE
Well-funded
Ambitious
Customer service mindset
AVAILABLE MARKETS
US markets available: All except listed below
HOT Regions/Desirable: All available
NOT available: WA
Available in Canada: Yes
International Referrals: Yes
BACKGROUND
Year founded: 2000
Year Franchised: 2001
Number of franchises currently operating: 0
Number of International franchises currently operating: 0
Number of corporate owned franchises: 4
Home Based: No
Absentee ownership available: No
Semi-Absentee ownership available: Yes
Accepting Master Franchisor and Area Developer Referrals: No
Average number of employees required: 5
E2 Visa Friendly: Yes
FINANCIAL DETAILS
Franchise Fee: Single: $55,000
Providing earnings guidance in Item 19 in FDD: No
Total investment range: Single Unit: $907,905 - $1,711,738
Net worth requirement: $700,000
Royalty: 6%
Additional fees: 2% Brand Development Fee
Financial assistance available: No
VetFran program: No
Veterans/Minorities/First Responders Discount? Yes, 10% off IFF
SUPPORT & TRAINING PROVIDED
Training and support program details:
Proven systems, marketing resources, and operational guidance from an industry leader.
Cost for Training: Included in IFF
Lodging and airfare included: No
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Mentor following training: Yes
Length of mentoring Franchisee: Term of Franchise Agreement
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Why Lapels Laundromat?

Our Ideal Franchisee

Available Markets

Background

Year founded: 2000

Year Franchised: 2001

Home Based: No

Financial Details

Franchise Fee:$55,000
Providing Earnings Guidance in Item 19 in FDD:No
Total Investment Range: Single Unit: $907,905 - $1,711,738
Net Worth Requirement:$700,000
Royalty:6%
VetFran Program:No

Available Resales

There are currently no resales listed for this franchise.

Support & Training Provided

Training and support program details: