Speed Queen franchise: cost, fees and total investment
Short answer: The Speed Queen franchise fee is $49,500 and the total initial investment ranges from $1,199,663 to $1,983,000, with about $280,000 in liquid cash required, based on franchise disclosure data compiled in October 2026. Confirm current figures in Items 5 and 7 of the Speed Queen FDD.
What are the Speed Queen franchise fees and investment?
The Speed Queen franchise requires a franchise fee of $49,500 and a total initial investment of $1,199,663 to $1,983,000. The franchise fee is one line inside the total investment, which also covers location, equipment, opening inventory and working capital.
| Franchise fee (FDD Item 5) | $49,500 |
|---|---|
| Total initial investment (FDD Item 7) | $1,199,663 to $1,983,000 |
| Minimum liquid cash | $280,000 |
| US locations | 29 |
| Industry | Other Franchise Businesses (Laundromat) |
| Headquarters | Ripon, Wisconsin |
| Founded | 2019 |
| Franchising since | 2019 |
How does the Speed Queen investment compare with other other franchise businesses franchises?
Speed Queen's minimum investment of $1,199,663 is above the median minimum investment of $119,000 across the 198 other franchise businesses franchises in the SelectFranchiseList database. 14 of the other 197 brands in this industry start at a higher investment. Its franchise fee starting at $49,500 compares with an industry median of $39,500.
By minimum investment, Speed Queen belongs with franchises over $500,000.
What should you verify in the Speed Queen FDD?
Verify six parts of the Speed Queen Franchise Disclosure Document before you sign, because figures change with every annual FDD:
- Item 5 and Item 6: the current franchise fee, royalty, marketing fund and technology fees.
- Item 7: the full investment range by expense line, including working capital.
- Item 19: whether Speed Queen discloses financial performance data, and which units it covers.
- Item 20: openings, closures and transfers, plus contacts for current and former franchisees.
- Item 21: the franchisor's audited financial statements.
- Item 12: whether your territory is protected.
The full list of Items is in the FDD guide. You must receive the FDD at least 14 calendar days before you sign a binding agreement or pay any money.
Which franchises are similar to Speed Queen?
These other franchise businesses franchises have the closest minimum investment to Speed Queen:
| Franchise | Franchise fee | Total investment |
|---|---|---|
| Mulberrys Garment Care | $50,000 | $1,103,500 to $2,669,000 |
| Laundrolab | $49,500 | $1,032,785 to $1,873,965 |
| Tumble Fresh Coin Laundry | $39,500 | $1,010,000 to $2,435,000 |
| K1 Speed | $100,000 | $1,415,000 to $3,195,000 |
| CD ONE PRICE CLEANERS | $30,000 | $1,575,800 to $2,997,650 |
See every brand in other franchise businesses franchises.
Frequently asked questions
How much does a Speed Queen franchise cost?
The total initial investment for a Speed Queen franchise ranges from $1,199,663 to $1,983,000, including a franchise fee of $49,500, according to franchise disclosure data compiled in October 2026. The exact amount depends on location, build-out and working capital, as shown in Item 7 of the FDD.
How much cash do you need to open a Speed Queen franchise?
Speed Queen lists a minimum of about $280,000 in liquid cash. Lenders usually finance part of the remaining investment, and the franchisor confirms its capital requirements during qualification.
How many Speed Queen locations are there?
Speed Queen reported 29 US locations in the data compiled in October 2026. Item 20 of the FDD shows openings, closures and transfers for the last three years.
How long has Speed Queen been franchising?
Speed Queen started offering franchises in 2019 after the company was founded in 2019.
Figures are compiled from franchise disclosure data and public franchise listings as of October 2026 and may have changed. Speed Queen and its trademarks belong to their owner; SelectFranchiseList is not affiliated with or endorsed by Speed Queen. This page is not an offer to sell a franchise. Only the franchisor's current FDD is authoritative.