SPEED QUEEN LOOKS TO ATTRACT MORE INVESTORS FOR SELF SERVICE LAUNDRY BUSINESS
(Salone Franchising Milano, October 23rd – 26th, 2015, Rho Exhibition Center, Stand E8, Pavilion 16)
The world’s leading commercial laundry business – Alliance Laundry Systems (ALS) – will be at Salone Franchising Milano for the 3rd consecutive year to promote an investment opportunity for Italian 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 throughout Europe.
And it is already showing that it is a proven business performer for investors who want to be their own boss, with a network of more than 60 stores across Europe, in Italy, Germany, France, Spain, Portugal, the Czech Republic, Croatia, Slovenia, Lithuania, Austria and Poland.
Maurizio Tormena, Project Director EMEA for the Speed Queen Concept Store is excited about the future: “Italy is the 3rd largest market in Europe for Speed Queen Concept stores,” he explains, “and the potential for expansion is motivating ALS, the parent company, to invest heavily in the country.
“Having already equipped more than 300 laundromats in Italy in the last 20 years, Speed Queen is now presenting local investors with a turnkey concept where the emphasis is on creating a modern and comfortable environment for users to better enjoy their Laundromat experience.”
Six stores have already opened under Speed Queen brand in 2014 and the Brand Flagship store will be opened in October in Brescia, close to the new headquarters.
A self-service laundry presents a very different opportunity from ‘traditional’ franchise-based investments that focus on fast food or retail: Unlike other comparable investment opportunities, there are no ongoing royalties or commissions to be paid. It does not involve onerous stock management issues, and because the operation is ‘self-service’, no employees are required. The amount of time an owner needs to spend to manage a Speed Queen Self-Service Laundry is reduced to the minimum.
The amount of specialist knowledge required is also minimal, beyond having the skill to recognize an investment opportunity that delivers steady and predictable returns, and that is effectively ‘recession proof’ since laundry is a basic need.
“Our ambition is to build a network of more than 1,500 new stores across Europe,” Maurizio adds, “working with investors who want a proven business model that allows them to become their own boss, supported in every step by the World No.1 in commercial Laundry.”
A Speed Queen branded store will suit somebody looking for a business opportunity that presents reliable returns and a stable cash flow but that requires limited investment in time. It may be ideal for those 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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