LaundroLab Closes Out Q3 Strong as It Nears Goal of 100 Awarded Licenses by the End of 2022

The modernized laundromat franchise, LaundroLab, has had a very successful year after opening franchising opportunities in 2021. After disrupting the industry and providing a more consumer-friendly experience, the brand quickly grew to include 26 store owners and awarded 96 licenses. As it works to expand further, it is closing in on its goal of 100 licenses awarded by the end of the year. 

In July, the brand completed a three-license agreement with its third developer in Houston and closed a one-license agreement with its second Detroit developer just two months later. During Q3, LaundroLab closed three new deals. During September, LaundroLab also closed a six-license agreement to take over all Las Vegas opportunities. Additionally, four leases were signed in Q3, including in Phoenix, Dallas, Detroit and San Antonio.

“We ended Q3 already having achieved over 90% of our annual goal, which is something the team is excited about,” said Dan D’Aquisto, Co-Founder and President of LaundroLab. “We had significant momentum with new franchise partners and leases signed, which is setting us up for a very exciting 2023.” 

A major highlight during Q3 was the Free Laundry Day event LaundroLab held for its local community in Tampa. At a time when money was tight for many, the business spent the day letting people wash and dry whatever they needed for free. By the end of the day, it was estimated that the laundromat washed thousands of pounds of free laundry. The franchise hopes to host more events like this one in the future. 

LaundroLab also added four new team members during the quarter, including David Reeves as Chief Operating Officer, Jason Carcache as Director of Finance, Keith Martinez as New Store Opening Project Manager and Alexa Bettis as Field Marketing Account Manager. All new team members bring a wealth of experience to their respective positions and are excited to support the company's growth. 

As the brand is still in its early growth stages, it is building a strong network of corporate support employees, professional partnerships and robust ongoing support for franchisees. The most recent additions to the team are yet another aspect of franchisee support and corporate stability that will empower LaundroLab’s long-term goals.

Though the industry as a whole is incredibly valuable, LaundroLab continues to exceed the status quo, providing employee presence for customer support, amenities for children, and advanced, streamlined technology, including mobile pay. As the brand continues to disrupt the expectations of laundromats, bringing in and better serving more clients, its franchisees will reap the benefits.

“We've positioned ourselves to truly have a path towards achieving our mission of being the first nationally recognized brand in this space, servicing millions of people across the country and giving them the best solutions to an essential need of clean clothes,” added D’Aquisto. “Our network and team are growing, and we're poised to do some very exciting things heading into a new year of growth for our companies.”

A prospective LaundroLab owner needs $500k liquidity and a $1M minimum net worth. A new LaundroLab store can range anywhere from $1.1M–$1.7M, which includes equipment, buildout, franchise fee, working capital and more. For more information on franchising, visit https://www.laundrolabfranchise.com/opportunity.

About LaundroLab:

LaundroLab was founded in 2020 as the brick-and-mortar counterpart to laundry and dry-cleaning pick-up service 2ULaundry. The brand’s uniquely high-end amenities, including free Wi-Fi, lounge access and arcade games, made it an instant hit among the rapidly growing number of people and families in need of third-party laundry services. In 2021, LaundroLab launched its franchise opportunity, partnering with local entrepreneurs to help the brand continue to grow its footprint in markets across the U.S. Today, the brand is well on its way to achieving its ambitious nationwide goals, as the brand seeks to become a national leader in the $5 billion (and growing) laundry segment. For more information, please visit https://www.laundrolabfranchise.com/.