Question 1

How much does it cost to open a LaundroLab franchise?

Accepted Answer

The total initial investment for a LaundroLab franchise ranges from $1.0M to $1.9M, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the LaundroLab franchise fee?

Accepted Answer

The initial franchise fee for LaundroLab is $50K.

Question 3

What are the net worth requirements for a LaundroLab franchise?

Accepted Answer

Net worth requirements for LaundroLab are specified in the Franchise Disclosure Document.

Question 4

Does LaundroLab require a personal guarantee?

Accepted Answer

Yes, LaundroLab requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a LaundroLab franchise?

Accepted Answer

Equipment costs for a LaundroLab franchise range from $358K to $750K. Initial inventory costs range from $2K to $4K.