The 12,250-square-foot store, located in Chicago, is scheduled to open this spring and will feature an array of equipment, with washer capacities ranging from a single load to 100 pounds and dryers up to 45 pounds.
“While we have developed and perfected the Speed Queen Laundromat franchise over the last few years, it’s truly the result of our more than a century of industry leadership,” said Dan Bowe, general manager of North America franchising and retail operations for Speed Queen Laundromats. “As a Midwest-based company, it felt right to open our largest store in the Chicago area. This store certainly showcases to new investors the exceptional quality and aesthetics that are part of this model. It will change perceptions of what people think a laundromat looks like.”
Speed Queen Laundromats feature the latest technology, including touchscreen controls, app-based payment and rewards programs for frequent customers, according to the company. In addition, the stores’ washers and dryers provide customers the flexibility to tailor cycles to their specific needs.
“As the leader in commercial laundry, nobody has more expertise to deliver a truly turnkey solution,” Bowe explained. “We are excited to be able offer this opportunity to investors who want to take advantage of the revenue potential of laundromats, but with a more hands-off approach.”