Question 1

How much does it cost to open a Tide Laundromat franchise?

Accepted Answer

The total initial investment for a Tide Laundromat franchise ranges from $1.8M to $2.3M, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the Tide Laundromat franchise fee?

Accepted Answer

The initial franchise fee for Tide Laundromat is $50K.

Question 3

What are the net worth requirements for a Tide Laundromat franchise?

Accepted Answer

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

Question 4

Does Tide Laundromat require a personal guarantee?

Accepted Answer

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

Question 5

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

Accepted Answer

Equipment costs for a Tide Laundromat franchise range from $972K to $1.3M. Initial inventory costs range from $14K to $18K.