WaveMAX Laundry Franchise FDD, Profits & Costs (2025)
WaveMAX Laundry is a laundry service franchise that was founded in 2012 in Jacksonville, Florida, where it is still headquartered. The franchise specializes in providing high-quality laundromat services with a focus on customer convenience and advanced technology.
WaveMAX offers a mix of self-service laundry and wash-dry-fold services, using state-of-the-art Electrolux washers and dryers. These machines feature innovations such as the Automatic Weighing System, which adjusts water usage based on load size, and Eco Power technology, which optimizes the drying process to reduce energy consumption.
Since beginning its franchising efforts, WaveMAX has expanded significantly, developing a network of locations across the United States. The franchise emphasizes strategic site selection, store design, and equipment choice to maximize profitability, setting it apart from traditional laundromats.
The brand’s emphasis on cleanliness, energy efficiency, and customer-friendly amenities, like free Wi-Fi, aims to transform the laundromat experience.
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Initial Investment
How much does it cost to start a WaveMAX Laundry franchise? It costs on average between $351,000 – $1,515,000 to start a WaveMAX Laundry franchised business.
This includes costs for construction, equipment, inventory, and initial operating expenses. The exact amount depends on various factors, the location, and whether the franchisee chooses to lease or purchase the property.
| Type of Expenditure | Estimated Amount |
|---|---|
| Initial Franchise Fee | $49,950 – $49,950 |
| Training-Related Expenses | $1,500 – $2,000 |
| Grand Opening Marketing | $20,000 – $20,000 |
| Computer Equipment & Software | $1,000 – $1,500 |
| Laundry Machines & Equipment | $157,000 – $799,000 |
| Tenant Improvements | $50,000 – $499,000 |
| Location Lease | $4,000 – $9,500 |
| Safes | $550 – $3,500 |
| Containers | $175 – $200 |
| Misc. Supplies | $75 – $200 |
| Camera & Security System | $900 – $4,500 |
| Office Equipment | $150 – $300 |
| Signage | $9,000 – $23,000 |
| Vending Machines & ATM | $0 – $3,500 |
| Televisions | $175 – $450 |
| Furniture | $400 – $600 |
| UV Sanitization System | $20,000 – $29,000 |
| Insurance | $400 – $600 |
| Uniforms | $80 – $150 |
| Legal Fees | $1,000 – $3,000 |
| Business License(s) | $100 – $400 |
| Additional Funds – 3 Months | $35,000 – $65,000 |
| Total | $351,455 – $1,515,350 |
Average Revenue (AUV)
How much revenue can you make with a WaveMAX Laundry franchise? A WaveMAX Laundry franchised facility makes on average $382,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $387,000 yearly revenue for similar laundry/dry cleaning franchises. Below are 10 WaveMAX Laundry competitors as a comparison:
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WaveMAX Laundry Franchise Disclosure Document
Frequently Asked Questions
How many WaveMAX Laundry locations are there?
WaveMAX Laundry currently has 50 franchised locations across the United States, with the brand steadily expanding since it began franchising in 2016.
What is the total investment required to open a WaveMAX Laundry franchise?
The total investment required to open a WaveMAX Laundry franchise ranges from $351,000 to $1,515,000.
What are the ongoing fees for a WaveMAX Laundry franchise?
The ongoing fees for a WaveMAX Laundry franchise consist of a 6% royalty fee on gross revenue, which covers the franchisor’s support and continued use of the WaveMAX brand. Additionally, there is a 1% advertising fee, which goes towards the brand’s marketing efforts to help promote the franchise network.
What are the financial requirements to become a WaveMAX Laundry franchisee?
To become a WaveMAX Laundry franchisee, the financial requirements include a minimum net worth of $1 million and at least $500,000 in liquid capital. These requirements help ensure that potential franchisees have the financial stability to invest in and maintain the business, covering startup costs and ongoing operational expenses.
How much can a WaveMAX Laundry franchise owner expect to earn?
The average gross sales for a WaveMAX Laundry franchise are approximately $0.38 million per location. Assuming a 15% operating profit margin, $0.38 million yearly revenue can result in $57,000 EBITDA annually.
Who owns WaveMAX Laundry?
WaveMAX Laundry is owned by Wave Max Franchise, LLC. The franchise development efforts are led by Dennis Mulgannon, who has been involved in launching other franchise brands, such as Junk King and The Flying Locksmiths, into national chains.
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