Comparison: Speed Queen concept vs Franchise

It is important to understand the franchise system in order to appreciate the benefits of the Speed Queen concept.

 

Franchise fees and royalties

A snofeesuccessful franchise is a well-known franchise that people recognize, and that regularly recruits new franchisees. This reputation has a cost: these are part of the franchise fees and require a significant initial investment. In addition to this, there are other fees and royalties, usually calculated as a percentage of the total turnover of the franchisee’s business.

The reputation and effectiveness of the Speed Queen laundromat concept is not for sale as we do not ask for any fees to be paid and that’s the main difference with the franchise business model. Our support and counseling services are free as well: with Speed Queen, no fees or royalties. Another positive aspect is a higher return on investment, success and profitability; It over takes even the most popular franchises!

 

Management freedom

bossManaging a franchise often involves limitations. For example, on an usual franchise system, the franchisee would be required to have a minimum turnover, to be organized in specific ways or to share accounting figures to ensure franchise royalties are paid in full.

With Speed Queen, you have total freedom: you are your own boss! You can enjoy maximum management independence. No target is imposed. No expansion limit either, since you can open as many Speed Queen laundromats as you like.

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