FranchiseVerdict
Spin Doctor Laundromat logo
FV-02417·MODERATEExcellent91

Spin Doctor Laundromat

Cleaning - Commercial & JanitorialFranchising since 2023Website
Investment
$490K – $1.4M
95th pct Commercial & …
Avg revenue
$521K
23rd pct Commercial & …
Royalty
6.0%
10th pct Commercial & …
Units
1
1st pct Commercial & …
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $490K – $1.4M including a $30K franchise fee, 6.0% ongoing royalty.
  • Average unit revenue of $521K/year. Estimated payback in 8.3 years.
  • Rated MODERATE with a risk score of 65/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).
  • Emerging franchise — only 3 years of franchising with 1 units. Early-stage systems carry higher risk but may offer better territory availability.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Spin Doctor Franchising, LLC
Incorporated in
Delaware
HQ
17 Flagger Lane, Trenton, NJ 08619
Auditor
NAPER CPA GROUP
Audited financials
Franchisor revenue
$6K
vs $75K prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one Spin Doctor Laundromat unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $521,280
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: restoration
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $490K–$1.4M
Working capital
$
FDD reports $45K–$100K

Unlevered ROIC · per unit

6%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$60K
EBITDA margin
11.5%
Total invested
$1.0M
Payback
204 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Spin Doctor Laundromat units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$469K

on $2.3M purchase

Total debt

$1.9M

SBA $1.2M + senior + seller note

Overview

About

Franchisees operate self-service and potentially attendant-staffed laundromat facilities, managing daily coin/card collection, machine maintenance, cleaning, utilities, and customer service. Operations require location management, equipment upkeep, inventory control for detergent/supplies, and potentially 24/7 facility oversight depending on model.

CEO
Cathy McBarnette
Founded
2020
FDD year
2025
States available
1

Item 7 · what it costs

The Vitals

Total investment
$490K – $1.4M
All-in to open one unit
Liquid capital
$45K – $100K
Cash you must have on hand
Franchise fee
$30K
Royalty
6.0%
Gross Sales · typical 6–8%
Ad fund
1.5%
typical 3–5%
Total fee load
7.5%
vs 9–13% typical
Payback period
8.3 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$521K
Per unit, per year
Median gross sales
Item 19 type
Historical
Sample size
1 units
vs category median 32 · small
Transparency
9 / 5
vs category median 4 / 5 · above
Revenue rank23th
vs Cleaning - Commercial & Janitorial peers
Investment cost rank95th
Lower investment ranks lower (better)
Royalty rate rank10th
Lower royalty = lower percentile (better)
Unit count rank1th
vs Cleaning - Commercial & Janitorial peers
Risk score rank73th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
1
Opened
0
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
1
Corporate units in the system
% franchised
0%
vs corporate-owned
2023
0±0
Franchised units
2024
0
Franchised units
2025
0
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 4 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 4 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
2
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

65
Risk · 0-100
MODERATE65 / 100

Early-stage laundromat franchise with unproven system scalability, undisclosed financial performance data, and franchisor going concern issues presents meaningful execution risk despite reasonable unit economics.

Score breakdown · what drove the 65 / 100 rating

  1. 01MINOROnly 1 unit in system with unknown growth trajectory suggests early-stage or stalled expansion
  2. 02HIGHGoing Concern status is FALSE, indicating potential financial instability at franchisor level
  3. 03MINORWide investment range ($490K-$1.4M) with single unit data creates uncertainty about actual capital requirements and ROI variability
  4. 04MINORNet income of $113,947 on $521,280 revenue (21.8% margin) may be optimistic given royalties, maintenance, and labor costs not detailed
  5. 05MEDNo Item 19 Financial Performance Representation disclosed, limiting ability to validate earnings claims
  6. 06MINORSingle unit prevents franchisee validation and suggests franchisor may lack operational proof of concept at scale

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Population
Protected territory
Yes
Initial term
10 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Delaware

Item 11

Training & Operations

Classroom training
46 hrs
On-the-job training
36 hrs
POS system
LaundryCard/Payment System
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

4 numbers

Locked
(804) 371-••••
VA
(360) 902-••••
WA
(608) 266-••••
WI

One-time purchase · CSV download · Validation questions included

FDD download

Spin Doctor Laundromat · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above