WaveMAX Franchise

WaveMAX is a coin-only laundromat offering customers both a self-serve and wash-dry-fold service option. We take pride in the cleanliness of our facilities, the quality of our machines, and the friendliness of our staff. Will 11 locations in 5 states, we are expanding our franchises to be able to offer our exceptional service to more customers, and our solid business offer to more franchisees. If you are in the market for an absentee business with excellent profit margins then consider joining WaveMAX today!

To buy a franchise with WaveMAX, you'll need to have at least $200000 in liquid capital and a minimum net worth of $400000. WaveMAX charges a franchise fee of $49950. They also offer a discount for veterans.

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Franchisor Details

Incorporated Name: WaveMAX Franchise LLC.
Total Units: 17
Year Founded: 2012
Franchising Since: 2016
Home Office: Jacksonvile, Florida
Training: Available
Locations Available: See Below*
Franchise Costs

Franchise Costs

Financing: Available
Liquid Capital Required: $200,000
Net Worth Required: $400,000
Total Investment: $550,000 – $750,000
Franchise Fee: $49,950
Royalty Type: 5.50%
Vetern Discount: Yes

*WaveMAX is currently accepting inquiries from the following locations: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District Of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming

Values & History

Since 2012 WaveMAX Coin Laundry--based in Jacksonville, FL--has focused its business model on developing the prototypical market and store that can scale and sustain a national chain of coin-only laundromats. Franchise development is being led by Dennis Mulgannon who successfully built Home Care Assistance, Junk King, and The Flying Locksmiths into national franchise brands.

WaveMAX was created to address the lack of high-quality laundromats available today. Many laundromats these days are not staffed, are dirty and run down"…we call them Zombie Mats! WaveMAX strives to provide a clean, exceptionally well-maintained and regularly staffed environment that people can rely on for their laundry needs.

Industry Performance

Laundromats represent an over $5 billion industry in the U.S. Industry growth is based on the demographics of population density, mix and income. The more concentrated the population, the greater the need for quality coin laundry facilities. National and regional demographics indicate renters, the primary users of coin laundries, are the fastest-growing segment in the nation.

As of the 2017 U.S. Census, 34 percent of the nation's 120 million households were renter occupied. The number of coin laundry stores built over the past 70 years has grown steadily as the population has increased and shifted to more concentrated areas. The end result has been a mature, stabilized industry with predictable rates of turnover and values of existing coin laundries, development of new turn-key facilities, and equipment expansion and replacement.

In 2012 WaveMAX joined this strong market and has become an award-winning franchise in the process. In fact, in 2019 we were named to Franchise Dictionary's list of 100 Game Changers in franchising!

Training & Support

WaveMAX offers franchisees initial training including three days at the corporate location and two days onsite at the franchise location. During these days we cover all of the operational and technical aspects of operating the business so that you are set up for success, right from the start.

Ideal Candidate & Qualifications

WaveMAX offers an excellent opportunity for the business professional looking for a multi-unit, absentee business model. Ideally, we are looking for individuals who have experience in the business world and who know what it takes to be successful. This includes:

  • Ability to develop and execute a business plan
  • An entrepreneurial spirit and strong desire to work hard and achieve results
  • Someone who wants to be part of a franchise team
  • Ability to manage finances including an understanding of business financial statements
  • An acceptable credit history
  • Sufficient assets to invest in and maintain the business

Purchasing a WaveMAX Franchise

WaveMAX is currently seeking franchisees who are interested in opening multiple units. The minimum franchise fee for a First Unit is $49,950.00, Second Unit $24,950.00, Third and Subsequent Units Paid in Advance $19,950.00. Franchisees must have at least $200,000 in liquid assets, a minimum $400,000 net worth, and a good credit rating. The total estimated initial investment for a single unit starts at $172,476.70. WaveMAX is also proud to offer the Laundrylux financing package typically available for 65% to 70% of the project cost.

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