Question 1

How much does it cost to open a Speed Queen franchise?

Accepted Answer

The total initial investment for a Speed Queen franchise ranges from $1.2M to $2.0M, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the Speed Queen franchise fee?

Accepted Answer

The initial franchise fee for Speed Queen is $50K.

Question 3

What are the net worth requirements for a Speed Queen franchise?

Accepted Answer

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

Question 4

Does Speed Queen require a personal guarantee?

Accepted Answer

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

Question 5

What equipment and inventory costs are involved with a Speed Queen franchise?

Accepted Answer

Equipment costs for a Speed Queen franchise range from $530K to $939K. Initial inventory costs range from $4K to $9K.