Cash Investment (Liquid): $200,000

Minimum Investment: $209,955

Maximum Investment: $858,550

Minimum Net Worth: $400,000

Franchise Fee: $49,950

Royalty Type: Flat Percentage Fee


Royalty Fee Structure:

Royalty: 7% of Gross Washer and Dryer Revenue. They do not collect royalties on ATM, Vending or Wash-Dry-Fold Revenue which net Royalty will be 5.3% (Approximately).

Ad Fee Structure:

Marketing Fund: Franchisor reserves right to charge up to 1% of Gross Revenue for Regional or National AD Fund.

Business Type
  • Retail

B2B/B2C

  • B2B

  • B2C

Discounts:
Vet Fran

Average # of Employees:

 3-4

Participation Type:

  • Semi-Absentee

Background

  • Year Established: 2012

  • Year First Franchised: 2016

WaveMAX
WHO ARE WE?

WaveMAX is an absentee concept but keep in mind there is a 6 week process leading up to opening where the owner will be heavily involved

WaveMAX has developed a system to change the way coin laundry locations are perceived and operated.

The industry has primarily been made up of Mom and Pop operators who are taken advantage of by the washer and dryer Distributors whose sole purpose is to sell equipment to these non-business savvy operators. The industry has no brand, no business sophistication and massive turn over from operator to operator. 

These naïve owners sign long term leases in buildings that are not the right fit for their businesses and over build the location with too much equipment and are saddled in debt financing. Hence the industry today is thriving for manufacturers as they continue to support this structure of over build in too large of spaces and then disappear once the equipment is sold. This results in too high of rent, too high of construction costs and too high of equipment financing that will not allow a net margin to justify the investment. 

Why US?

WaveMAX's "Secret Sauce":

As cliché as it is location, location, location is obviously number one. They have developed their own proprietary approach to discerning the best possible real estate play for their 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)

Key Factors:

  • Fantastic absentee business model

  • Extremely low employee count

  • A business that makes money when the franchisee is not around

  • Not fast food

  • Mature industry with no national brands

Support

Three days at Corporate in Florida, Five days on-site training

Ideal Candidate

A business savvy owner who realizes that partnering in a fragmented industry and working with Franchise Start-up Pro Dennis Mulgannon who successfully launched Home Care Assistance, Junk King and The Flying Locksmiths into national franchise brands is a better decision than buying a Yogurt Shop…"My brands are not sexy but they cash flow and scale quickly".

 NOTE:  A new franchisee is required to work the business for the first six weeks.

Complete this form to learn about the average revenue of this franchise!

 

 

 

 

 

Sarah Barker | SSB Consulting

Franchise Consultant  & Recruiting Specialist

Located in Boise, ID, but I work with clients in all states.

            208.724.1731

           Sarah@SSBconsulting.us

 

 

 

 

 

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