WaveMAX Laundry

Since 2012 WaveMAX Coin Laundry based in Jacksonville FL has focused its business model on developing the
prototypical market & store that can scale and sustain a national chain of coin only laundromats.
The perfect absentee business! As cliche as it is location, location, location is obviously number one. We have developed our own proprietary approach to discerning the best possible real estate play for our locations. It includes:
Right Site (Understand Demographics and Competition in the area)
+
Right Size (Best size store based on Demographics and Competition)
+
Right Mix (Best mix of Equipment for the Site)
=
Maximum Profits (Keep all costs under control for maximum profits)
WHY WaveMAX Laundry?
The industry has no brand, no business sophistication and massive turn over from operator to operator.
This is the perfect absentee business. 10 hours/wk to operate
OUR IDEAL FRANCHISEE
We are looking for true entrepreneurs that want to get in early and secure the prime territories before they are gone. We launched Flying Locksmiths in 2015 and we know how incredible that has turned out. This will be the next big opportunity to get in early!
AVAILABLE MARKETS
US markets available: All except noted below
HOT Regions/Desirable: All
NOT available: None
Available in Canada: No
International Referrals: No
BACKGROUND
Year founded: 2012
Year Franchised: 2016
Number of franchises currently operating: 68 Units open, 21 under development, 133 Franchisees & 233 units sold.
Number of corporate owned franchises: 1
Home Based: No
Absentee ownership available: Yes
Accepting Master Franchisor and Area Developer Referrals: No
Average number of employees required: 4-5 part time
E2 Visa Friendly: Yes
FINANCIAL/TERMS
Franchise Fee: $54,950
Providing earnings guidance in Item 19 in FDD: Yes
Total investment range: $1,000,000 - $1,500,000
Liquidity(cash, stocks, bonds) requirement: $400,000
Net worth requirement: $700,000
Royalty: 6%
Additional fees:
Financial assistance available: Yes
VetFran program: Yes
SUPPORT & TRAINING PROVIDED
Training and support program details:
3 days of training at company location.
2 days of training at franchisee location. Equipment financing.
Discount equipment purchase agreements.
Full demographic analysis. Full site selection assistance. Full design assistance.
Cost for Training:
a. Investor: 0
b. Others: 0
c. Later for new hires: 0
Lodging and airfare included: No
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Mentor following training: Yes
Length of mentoring Franchisee: As necessary