Established
2012
Franchise Units
210
Minimum Investment
$400,000
Franchise Fee
$49,950
Total Investment Range
$1,500,000
Home Based
No
Description
Simply Put: WaveMAX is THE Laundromat of the 21st Century
- Semi-Absentee with only 8-10 hours work each week
- Low employee count with 4-5 team members
- Over $400,000 savings versus industry norm
- Built for exceptional cash-flow and quick ROI
60 locations open, 30 under construction, 119 franchisees, 210 units sold!
Create a safe and clean environment for customers;
Run an environmentally friendly and efficient business;
Save hundreds of thousands of dollars over traditional laundromat build-out.
Background
Established: 2012
First Unit Franchised: 2016
Franchised Units: 210
Company Owned Units: 1
States Registered In: All
Canada Franchises: No
International Franchises: No
Support Training
Financial Assistance Provided: Yes
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Recruiting Assistance: No
Co-Operative Advertising: No
Training: 2 Days at corporate location, 3 days at franchisee location. Extensive pre-opening and post-opening support. Full site selection and store design services.
Ideal Candidate
8 - 10 hours per week - 3 days a week for 3 hours at a time. No need to commute daily. Check on employees, check on maintenance processes, collect the money!
IDEAL CANDIDATE: This is semi absentee, so no specific skills required. Needs some basic management experience and must meet the financial requirements.
Financial Detail
Cash Investment: $400,000
Total Investment: $1,000,000 - $1,500,000
Minimum Net Worth: $700,000
Franchise Fee: 49,950
Royalty: 6%
Ad: 0%
Average Number of Employees: 4-5
Item 19: Yes
Visa Candidates: Yes
Passive Ownership: Yes
Home Based: No
B2B: No
Master Franchise Opportunities: Yes
Veteran Discount: Yes