Ready to rent your shop to Speed Queen?
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With a combined with 30+ years in Europe. Let us bring you a regular rent, world class shop fitout and add value to your property.
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Our team in Cyprus brings a wealth of experience - converting your empty or low performing retail space into a busy shop.
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Our turnkey solution brings everything from mechanical and electrical. Executing a full store fit-out to the very highest European standards.
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A Speed Queen shop brings excellent regular footfall to malls, retail parks, petrol stations and shopping centres.
Speed Queen Licensed Stores in Cyprus, a self-service laundry concept developed by Alliance Laundry Systems, the world leader in professional laundry equipment, is driven by the team of James, Sarah, and Mark, dedicated to delivering that world class business model into the Cypriot market. They are focused on connecting with potential landlords and letting agents who have prime locations and wish to generate sustainable rental revenue through the Speed Queen branded stores.
Speed Queen is the preferred choice among self-service laundries for the general public. With more than 1,000 stores in 30 European countries, Speed Queen is the No 1 name in European for self service laundries.
For those interested, you will see below the essential elements that establish Speed Queen as one of the most lucrative and prosperous tenancy options, making it an ideal choice for anyone seeking to rent shops in their investment portfolio.
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The day of opening the 1,000th Speed Queen store in Europe in Dublin, July 2022.
We are now only looking to speak with landlords with shops in Paphos and Larnaca.
The hardest part is not about knowing how to open a laundromat but deciding where to open it. The choice of location is a strategic question. The estimated turnover of a self-service laundromat is calculated according to the demographic data and the characteristics of the targeted area.
Each unit needs to be 80-120 SQ M - all on one floor.
Water, Electricity, Gas
Our typical 20-machine laundromat requires good capacity utility infrastructure, typically needing 3-phase electricity service, high-pressure natural gas for dryers, and heavy-duty plumbing and good waste water services.
Opening a Speed Queen self-service is a large capital investment. That is why we seek to setup a viable laundromat with a commercial lease spanning 15 to 30 years. Because of the heavy equipment, utility demands, and high buildout costs.
High retention: Laundromats rarely move due to expensive utility installations.
Recession resistance: People always need clean clothes regardless of economic conditions.
E-commerce proof: Laundromat services cannot be replaced by online shopping.
On-time payments: High cash flow ensures tenants easily meet monthly rent.
Property upgrades: Operators heavily invest in high-grade plumbing and electrical systems.
Consistent foot traffic: Customers visit weekly, boosting exposure for neighboring businesses.
Long-term leases: We prefer 10 to 20-year leases.
Low vacancy risk: A established laundromat serves as a reliable anchor tenant.
Predictable utility use: Sub-metered setups ensure the tenant pays their own heavy usage.
Simple business model: No complex inventory means lower operational failure rates.
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