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.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
6% royalty + up to 1% national ad fund + $300-$500/mo local marketing + $95-$215/mo POS fees
Franchise Stats
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 to Other Cleaning Services Franchises
Key Insights
- Higher investment than 90% of Cleaning Services franchises
- Higher than average SBA loan default rate in Cleaning Services
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
WAVEMAX COIN LAUNDRY Current | $351K - $1.5M | $50K | 6.0% | 50 |
| THE MAIDS | $82K - $160K | $57K | 6.9% | 1,517 |
| THE MAIDS | $118K - $141K | $60K | 6.9% | 1,472 |
| Chem-Dry | $119K - $265K | $36K | 7.0% | 1,099 |
| MERRY MAIDS | $127K - $170K | $55K | 7.0% | 802 |
| OpenWorks | $4K - $134K | $25K | 15.0% | 615 |
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
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
Unlock Franchisee Contact Database
92 franchisee contacts on file. Upgrade to see names, locations, phone numbers, and matched SBA loan data.
Upgrade to Pro$199/year · Cancel anytime
Due Diligence
Litigation (Item 3)
No litigation involving franchisees reported in the FDD.
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
How much does it cost to open a WAVEMAX COIN LAUNDRY franchise?
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.
How much revenue does a WAVEMAX COIN LAUNDRY franchise make?
According to the 2024 FDD, the average gross revenue for a WAVEMAX COIN LAUNDRY franchise is $410,987.78. The median revenue is $381,678.6.
How many WAVEMAX COIN LAUNDRY franchise locations are there?
As of the 2024 FDD, WAVEMAX COIN LAUNDRY has 50 franchise locations. The company has been franchising since 2016.
Can you get an SBA loan for a WAVEMAX COIN LAUNDRY franchise?
Yes, SBA loans are available for WAVEMAX COIN LAUNDRY franchises. Historical data shows 26 SBA 7(a) loans have been approved for WAVEMAX COIN LAUNDRY franchisees, with an average loan amount of $714,396. The historical default rate is 0.0%.
Is WAVEMAX COIN LAUNDRY a good franchise to buy?
WAVEMAX COIN LAUNDRY shows several positive indicators: transparent financial performance data (Item 19), low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
Interested in WAVEMAX COIN LAUNDRY?
Talk to a franchise advisor to get personalized guidance and learn if WAVEMAX COIN LAUNDRY is the right fit for you.
Talk to an Advisor