Question 1

How much does it cost to open a Spin Doctor Laundromat franchise?

Accepted Answer

The total initial investment for a Spin Doctor Laundromat franchise ranges from $490K to $1.4M, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the Spin Doctor Laundromat franchise fee?

Accepted Answer

The initial franchise fee for Spin Doctor Laundromat is $30K.

Question 3

What are the net worth requirements for a Spin Doctor Laundromat franchise?

Accepted Answer

Net worth requirements for Spin Doctor Laundromat are specified in the Franchise Disclosure Document.

Question 4

Does Spin Doctor Laundromat require a personal guarantee?

Accepted Answer

Yes, Spin Doctor Laundromat requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a Spin Doctor Laundromat franchise?

Accepted Answer

Equipment costs for a Spin Doctor Laundromat franchise range from $250K to $700K. Initial inventory costs range from $2K to $8K.