SPEED QUEEN LOOKS TO ATTRACT MORE INVESTORS FOR SELF SERVICE LAUNDRY BUSINESS
The world’s biggest commercial laundry business – Alliance Laundry Systems – will be at Franchise Expo 2015 from 23rd to 25th March 2015 to promote a new franchise investment opportunity for French entrepreneurs to create their own self-service laundry business under the global ‘Speed Queen’ brand.
Speed Queen is America’s largest commercial laundry brand, with an established reputation for reliability in thousands of existing self-service laundry businesses around the world. It is now harnessing both its technology and experience to deliver a proven investment opportunity in selected countries throughout Europe.
And it is already showing that is a proven business performer for investors who want to be their own boss, with a network of stores appearing across Europe in Spain, Germany, Poland, Portugal, the Czech Republic, Croatia, Slovenia, Lithuania and Austria. Three new Speed Queen branded stores have recently opened in France in Paris, Nimes and Caen.
A self-service laundry presents a very different opportunity from ‘traditional’ franchise investments that focus on fast food or retail: it does not involve the management of perishable goods or onerous stock issues, and because the operation is ‘self-service’ the number of staff required is minimal, which also reduces the amount of time an owner needs to spend on the business.
The amount of specialist knowledge required is also minimal, beyond having the skill to recognise an investment opportunity that delivers steady and predictable returns, and that is effectively ‘recession proof’ since demand is ongoing. Unlike other comparable investment opportunities, there are no ongoing royalties or commissions to be paid.
Rocco Di Bari, Director, International Sales Europe for Alliance Laundry Systems, is excited about the future: “Our ambition is to build a network of more than 1,500 new stores across Europe, working with investors who want a proven business model that allows them to become their own boss.”
A Speed Queen branded store will suit somebody looking for a business opportunity that presents strong returns and a stable cashflow but that requires limited investment in time. It may be ideal for those looking for a full-time investment opportunity, especially someone who might be looking for a career change and those with a cash sum to invest, or someone considering retirement that wants to supplement their income.
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