Why invest in a Speed Queen® Laundry?
A FRESH APPROACH TO INVESTING
From little towns like Beaufort West in South Africa to global cities like Paris, New York and Beijing – Speed Queen has introduced investors around the globe to the profitable and sustainable business of Laundry. Distributed locally for 3 decades by Lead Laundry and Catering (Pty) Ltd, Speed Queen – the undisputed world leader in commercial laundry, is regarded everywhere and especially in South Africa as the equipment of choice for serious laundry businesses.
We at Lead have used our profound understanding of the local laundry industry and our world class equipment to help countless entrepreneurs succeed. Thirty plus years in the laundry business means we are the only partner with the experience, customised capabilities and ongoing global support network capable of making your business a lasting success. But the true measure of success can’t be measured. It’s the passion that drives you. It’s what inspires you.
It’s what keeps your business going every single day. And all over South Africa, new investors are making the most of that passion and seizing the opportunity to invest in a laundromat.
Our expertise partnered with your drive, knowledge and resources equals one thing – success.
WHY INVEST IN A SPEED QUEEN LAUNDRY?
“INVESTORS ALWAYS HAVE IDEAS AND PASSION, BUT MOST OFTEN THEY DON”T KNOW THE LAUNDRY BUSINESS WELL. WE VIEW OURSELVES AS PARTNERS IN THEIR BUSINESS. THIS MINDSET, TOGETHER WITH OUR INDUSTRY KNOWLEDGE AND NETWORK OF RELATIONSHIPS ENABLES US TO BUILD OFF OUR INVESTORS’ WEAKNESS AND TURN THEM INTO STRENGTHS”
COIN OPERATED OR NON-COIN?
South Africa has many examples of both.
COIN OPERATED LAUNDRIES are generally self service when you provide an array of washers and driers for your customers to do their own laundry.
NON-COIN LAUNDRIES generally will be manned by an attendant who will receive and process your linen for a fee, and let you know when your clean linen will be available for collection. These types of laundries may offer other services like ironing/pressing, or a pick up and drop off service.
Non-coin seems to be the favoured choice of laundry investors in South Africa, but there are also many successful coin operated laundries around the country. Some laundries employ a ‘hybrid’ model where they offer a drop off service with additional ad-on services, and also have coin operated machines for customers who particularly want to process their own linen. The type of laundry you choose depends on your own needs and the needs of your customers.
TAKE CONTROL OF YOUR DESTINY WITH LAUNDRY
There’s no business like the laundromat business.
Laundry owners around the world enjoy a unique set of advantages over other investments.
RETURN ON INVESTMENT
There aren’t many businesses or investments that can match the return of a successful laundromat.
ALWAYS IN DEMAND
Clothes need cleaning, no matter what the economy is doing. As a matter of fact, many consumers turn to the convenient, affordable option of a laundromat during a recession.
SCALABLE TO MEET YOUR NEEDS
Whether you’re investing in a large retail space or a small neighborhood laundry, a laundromat is scalable to suit the size of your investment. Fortunately, no matter the size of your operation, the required capital investment is relatively small. We’ll help you develop your new laundromat to suit your unique market, layout and location.
FLEXIBLE TO FIT YOUR LIFE
A laundromat offers a uniquely flexible business model. It can be a family, part-time or self- service business where the customers do the work for you. Whatever size, whatever scale, whatever approach fits your business, Speed Queen will be there to help you find success.
LAUNDRY IS A CASH BUSINESS
That means you get paid before customers use your equipment — minimal accounts receivable required and you don’t have to worry about bounced checks or customer nonpayment.
TAKE CHARGE OF YOUR INVESTMENT
The days of counting coins are over. Modern technology has given laundromat owners more control over their business than ever before, from payment summaries to advanced networking programs.
WHATEVER THE SIZE OF YOUR LAUNDRY,
“WHATS EXCITING IS THAT INVESTING IN A LAUNDROMAT IS AN EXCELLENT AND PROVEN WAY TO MAKE A GREAT LIVING.”
SPEED QUEEN – THE ONLY CHOICE
What is the first step when opening a laundry business? Choosing the right partner. A partner that does more than sell equipment. A partner that is with you every step of the way. A partner that has opened more laundromats than any other company in South Africa. Only Speed Queen backed by Lead’s comprehensive experience and infrastructure is able to provide the world class support your business needs to be a winner. World leading equipment and support services that our competitors simply cannot match.
Speed Queen’s rich heritage dates back over 100 years. Their global support network provides solutions for virtually every aspect of the laundry business. You’ll find Speed Queen at work around the globe in all types of commercial laundries serving hotels, restaurants, nursing homes, hospitals, mines and so much more.
For Lead’s entire Board of Directors, laundry is all we have known in our professional lives. Our staff are family and many have been with us for several decades. Our customers are family too and their success is our success. We ARE partners in their businesses and we act accordingly. In this way we are confident we will continue to offer something special.
“WE ARE VERY SATISFIED WITH THE SPEED QUEEN FRONT LOADERS AND THE STUDENTS STILL PREFER USING THOSE INSTEAD OF THE OTHER EQUIPMENT STILL IN USE.LEAD IS VERY PROFESSIONAL AND ALWAYS AVAILABLE TO ASSIST BEYOND THEIR CALL OF DUTY”
YOUR COMPLETE WET CLEANING SOLUTION.
COST EFFECTIVE. ECO-FRIENDLY. SMARTER FOR BUSINESS.
SoftWash® is an ecological wet cleaning innovation that is simple to install and smarter for business. Faster than dry cleaning, and with less energy costs, SoftWash® is a non-toxic process that’s ideal for delicate garments and textiles. The result is more cleaning opportunities for you, happier customers and maximum profitability.
Softwash® technology allows you to process both laundry and ‘dry cleaning’ in your Speed Queen washing machine and drier. Our unique chemical range developed exclusively for Speed Queen allows you to process garments that you would previously have had to send out to a specialised dry cleaner. You keep the impressive dry cleaning margin.
|BETTER FOR YOUR BUSINESS
||BETTER FOR YOUR STAFF
BETTER FOR THE ENVIRONMENT
|BETTER FOR YOUR BUSINESS
“THIS TRULY GAME-CHANGINGING INNOVATION IS REVOLUTIONARY AND IT’S SET TO CHANGE THE INDUSTRY AS WE KNOW IT. IT IS ‘THE SMART CHOICE FOR LAUNDRY”
WHY INVEST IN A SPEED QUEEN LAUNDRY?
When looking for a small business investment opportunity, the first thing you probably want to know is if it is profitable. When it comes to a laundry business, the answer to that question is a resounding “yes.”Laundromats see a much higher ROI than most alternative investment opportunities. When considering additional benefits such as independence, flexibility, modest costs and recession resistance, there truly is no business like the laundromat business.
PROVEN BUSINESS MODEL
Every investment has its advantages and disadvantages depending on your own personal business goals. The laundromat business is no different. But with a unique combination of stability, flexibility and profitability, laundromat investments are in a class all by themselves. Uncommon benefits of a laundromat business include:
BETTER THAN ALTERNATIVE
There are many options available to those looking to invest their money. However, when compared to a laundromat investment, many of these investment alternatives fall short in a number of key areas that affect profitability and overall success. Advantages a laundromat business holds over comparable investments include:
You don’t need to be a laundry expert to operate a successful vended laundry business. Speed Queen and Lead Laundry and Catering (Pty) Ltd. will support you every step of the way. We offer full-scale support solutions delivered by a team of dedicated laundry experts who will counsel you through every step of the process, from location selection analysis to equipment selection and beyond. It’s all the support you’d ever want in a small business investment.
TAKE CONTROL OF YOUR FUTURE AND TAKE ADVANTAGE
METHODS BY WHICH REVENUE IS DERIVED FROM A COMMERCIAL LAUNDROMAT
Coin operation or token operation
Built into each machine is a coin-mechanism and a cash box to receive the coins or tokens. Cycle time for washers (water pressure dependent) is around 35 minutes, and around 45 minute cycle for driers (depending on linen make up). Cost per cycle depends on area but for the purposes of this exercise have been considered to be R 0.28/wash and R 4/dry.
Drop off service
Sometimes known as a “FLUFF AND FOLD” service this type of launderette seems to be favoured in South Africa at present. Typically customers drop laundry off in the morning and expect it to be complete for pick up at the end of the day. Customers collect their washing washed and dried and ironed (if required) and parceled. The Drop Off service is generally also able to add on various services/products (like selling detergent sachets/Key cutting/shoe repairs etc) since it has staff permanently present. This supplements greatly the profit potential in these launderettes.
Outside contracting service
In and around cities and towns there are always sports clubs, restaurants, hair dressers, small hotels, factories, clinics, etc. where a need for a laundry exists. This work is an excellent “filler” which allows you the opportunity to utilize equipment in idle times while also being guaranteed a more or less fixed monthly income capable of covering fixed overheads.
Dry cleaning service
If one is not able to justify or afford additional expense of a small Coin-Operated Dry Cleaning machine then acting as a depot for an established and nearby Dry Cleaner is another wonderful way of supplementing income. Dry Cleaners typically offer 35% to 40% of the price they charge to dry clean a garment and since the launderette only acts as a delivery and collection point, the margins in this business are attractive.
Wet cleaning service
New SoftWash® Wet Cleaning technology allows you the opportunity to process ‘Dry Cleaning’ in your Speed Queen laundry equipment. Talk to us about this unique and profitable Speed Queen opportunity.
SCHEDULE A MEETING
TAKE THE FIRST STEP TOWARDS A LUCRATIVE VENTURE INTO THE LAUNDRY BUSINESS.