Do you want to open a laundry business by buying Wavemax franchise? If YES, here is how much it cost to open a Wavemax laundry franchise successfully. If you are looking towards opening a Wavemax Laundry Franchise, it will be nice for you to have a of what the company represents before enquiring about the total cost of opening the franchise in your location.
Wavemax Laundry belongs to the Laundry and dry cleaning services industry and the industry is made up of Mom and Pop operators who are taken advantage of by 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 turnover from operator to operator. Generally they are not staffed, dirty and run down they are called Zombie Mats!
Cost Associated With Owning a Wavemax Laundry Franchise
- Cash Required: $200,000
- Net Worth Required: $400,000
- Total Investment: $550,000 – $750,000
- Franchise Fee: $49,950
If you are Satisfied with the Cost and You Are Interested in; Here is how you can go about opening a Wavemax Laundry franchise?
Table of Content
- Steps on How to Open Wavemax Laundry Franchise
- a. Ensure You Have Adequate Capitalization
- b. Appreciate the Investment Required for a Laundry Franchise
- c. Evaluate Your Prior Experience and Strengths
- d. Assess Market Availability
- e. Submit Your Application
- f. Receive Approval & Opening Your Wavemax Laundry Franchise
- What You Must Know About WaveMax Laundry
Steps on How to Open Wavemax Laundry Franchise
a. Ensure You Have Adequate Capitalization
In order to open a Wavemax Laundry, you must have a networth of more than $200,000.
b. Appreciate the Investment Required for a Laundry Franchise
You will need to consider real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc.
c. Evaluate Your Prior Experience and Strengths
You should thoroughly evaluate your prior business experience before applying to become a Wavemax Laundry franchise owner.
d. Assess Market Availability
You will want to look at the market availability for Wavemax Laundry franchises and see if there are available markets in your location of interest before proceeding with the franchising application.
e. Submit Your Application
Your application will be reviewed by the Wavemax Laundry franchise team. You will be emailed a confirmation receipt upon reception of your online application, where we will additionally provide the contact details of the franchise owner.
f. Receive Approval & Opening Your Wavemax Laundry Franchise
You will receive franchise approval once your financial and background checks are completed. Approval will only be given to candidates who meet all the requirements of franchise owners.
What You Must Know About WaveMax Laundry
Since 2012 WaveMAX® Coin Laundry based in Jacksonville FL has focused its business model on developing the prototypical market & store that can scale and sustain a national chain of coin only laundromats. The Franchise Development is being led by Dennis Mulgannon who successfully built Home Care Assistance, Junk King & The Flying Locksmiths into National Franchise Brands.
The WaveMAX® Difference
- Clean, well maintained, and well lit
- Best equipment and amenities in the industry
- High efficiency washers and dryers
- Full-time attendants
- Wash, Dry, and Fold services
- Free Wi-Fi
- The WaveMAX® Solution
- +Right Location
- +Right Size Store
- +Right Equipment Mix
- Maximum Profits
Wavemax Laundry franchise have developed their own proprietary approach to discerning the best possible real estate for their locations.
- Comprehensive review of area demographics, including population density, renter mix, and income
- Best size store based on demographics
- Traffic and flow pattern assessment to ensure that our C+ real estate drives A+ returns
- Layout and Store Design
- Drives cleanliness, sense of security, and repeat business.
Please note that Wavemax Laundry make use best Construction, Operational Practices & Green Initiatives in our WaveMAX® Laundromats.
- Wavemax Laundry will provide the proper store design and layout for each location. Don’t worry, they have done this before and know what you need.
- Wavemax Laundry store design sets them apart from the competition.
- Industry Leading Equipment
- The equipment Wavemax Laundry specify is one of the largest commercial laundry manufacturers in the world. Wavemax Laundry utilize their AWS feature which determines the use of the precise amount of water needed to wash the clothes.
- Wavemax Laundry also use their Eco Power dryer line. As the clothes dry, Eco Power determines the “dryness” of the clothes thereby reducing the amount of gas utilized as the load moves through its drying cycle.
- Wavemax Laundry are “Coin only.” No card readers or loyalty programs. Wavemax Laundry customers have been surveyed and they absolutely prefer coin to card.
- Wavemax Laundry store design optimizes usage of the space to generate the maximum possible revenue per square foot.
- Store security and anti-theft practices are implemented and they have best security and camera systems in the industry.
Interestingly, Wavemax Laundry Are Aligned With The Industry Leader For Commercial Laundry Equipment!
- Wavemax Laundry relationship with Electrolux gives the business an advantage no independent laundry can match.
- Preferred pricing on all equipment for all franchisees
- Financing available to cover 65% to 70% of the project cost
- Nationwide service and parts distribution
- Assistance with store layouts and marketing
- Population demographics analysis
- The only washers on the market with the AWS (Automatic Weighing System)
- Only dryer on the market with Eco Power