SPEED QUEEN LAUNCHES NEW INVESTMENT OPPORTUNITY FOR SELF SERVICE LAUNDRY BUSINESSES
(Franchise Expo, Paris. 23rd to 26th March 2014) The world’s biggest commercial laundry business is to launch a new franchise investment opportunity to enable entrepreneurs in France 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 proven in thousands of existing self-service laundry businesses around the world. It is now looking to harness both its technology and experience to deliver a new investment opportunity in selected countries throughout Europe, following a successful launch in Italy last year.
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.
Indeed based on an existing model, owners only need to spend on average a couple of hours per week on site, primarily to collect the cash, manage the accounts, and oversee any required servicing or maintenance work.
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.
The expertise in all aspects of planning, specifying, building, equipping and operating a self-service laundry is shared with the franchisee, with a level of support that is second to none according to Rocco Di Bari, Sales Director (Europe): “A self-service laundry may not be the first on the list of potential investment opportunities, but the potential benefits are substantial,” he says.
“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.
“Using our knowledge and experience, and the support of highly skilled local distributors, we will be a business partner to franchisees before, during and after the sale.”
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