WAVEMAX COIN LAUNDRY
WaveMAX Laundry offers franchises for operating self-service laundromats equipped with washers, dryers, and facilities for wash-dry-fold services, with optional mobile pickup and delivery upon approval. The business model utilizes proprietary methods, technology, equipment, and operating procedures under the WaveMAX brand to provide laundry services from fixed retail locations. It targets customers without home laundry access in a competitive market including other coin-op laundromats, full-service providers, and potential national chains.
Franchise Costs
6% royalty + up to 1% national ad fund + $300-$500/mo local marketing + $95-$215/mo POS fees
Financial Performance
Item 19 Financial Performance
Data Based On: 40 franchised outlets open for the entire 2023 calendar year
* For FPR#1 (2023), Average and Median Gross Revenue were taken directly from the 'disclosures' section. Revenue Top Quartile was calculated as the average of the top 10 'Total Gross Revenues' from the list of 40 outlets. Revenue Bottom Quartile was calculated as the average of the bottom 10 'Total Gross Revenues' from the list of 40 outlets.
Extracted Item 19 Section
How WAVEMAX COIN LAUNDRY Compares
Key Insights
- Higher investment than 90% of Cleaning Services franchises
- Higher than average SBA loan default rate in Cleaning Services
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
WAVEMAX COIN LAUNDRY Current | $351K – $1.5M | $50K | 6.0% | 50 |
| THE MAIDS | $82K – $160K | $57K | 6.9% | 1,517 |
| Chem-Dry | $119K – $265K | $36K | 7.0% | 1,099 |
| MERRY MAIDS | $127K – $170K | $55K | 7.0% | 802 |
| OpenWorks | $4K – $134K | $25K | 15.0% | 615 |
| OXI FRESH CARPET CLEANING | $54K – $105K | $48K | N/A | 481 |
Cleaning Services Average 72 franchises | $187K – $374K | $45K | 7.1% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 72 Cleaning Services franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2023)
Outlets by state across the United States
+5 more states
SBA Loan History
Historical SBA 7(a) loan data for WAVEMAX COIN LAUNDRY franchisees (2018 – 2025)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
92 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
92 Contacts Available
Unlock all WAVEMAX COIN LAUNDRY franchisee contacts with verified contact information
Due Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
CEO and COO Michael and Sheila Calivoso-Roberts filed Chapter 7 on August 8, 2014, discharged December 2, 2014.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a WAVEMAX COIN LAUNDRY franchise ranges from $351,455 to $1,515,350. This includes a franchise fee of $49,950. Ongoing royalty fees are 6.0% of gross sales.
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