KEY FRANCHISE STATS
All you need to know about this franchise in a snapshot
WaveMAX Laundry, established in 2012 in Jacksonville, Florida, remains headquartered in its founding city. The franchise focuses on delivering top-notch laundromat services, prioritizing customer convenience and leveraging advanced technology to enhance the laundry experience.
Offering both self-service options and wash-dry-fold services, WaveMAX utilizes cutting-edge Electrolux equipment. These machines are equipped with features like the Automatic Weighing System, which adjusts water usage based on the size of the load, and Eco Power technology, designed to improve drying efficiency while conserving energy.
Since launching its franchising initiative, WaveMAX has experienced steady growth, building a strong presence across the United States. The franchise’s approach to site selection, store design, and equipment investment underscores its commitment to maximizing operational efficiency and profitability, setting it apart from standard laundromats.
With a focus on cleanliness, energy-saving practices, and customer-oriented amenities such as free Wi-Fi, WaveMAX aims to redefine the traditional laundromat by providing a superior and more convenient experience for its customers.
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
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WaveMax provides comprehensive training to its franchisees, which includes an initial business operations training session of three days held primarily in Florida or another designated location.
This training is aimed at equipping franchisees with the necessary skills and knowledge to operate the business successfully. If mobile services are to be offered, an additional one-day on-site training specific to this service is required. Franchisees must cover associated costs such as transportation, accommodation, and meals.
The franchisor may also require retraining if the franchisee's operations are not in compliance with the set standards. Additionally, continuing education opportunities, such as annual meetings to address system updates and other operational topics, may be provided to support ongoing success.
WaveMax provides franchisees with a defined territory that typically encompasses a two-mile radius from the franchise location. This area is determined based on factors such as population density, average household income, and the concentration of rental properties.
Within this territory, the franchisor commits not to establish company-owned or franchised outlets that sell similar goods or services under the same trademarks, ensuring some level of operational exclusivity.
However, WaveMax does not offer complete territorial exclusivity. Franchisees may face competition from other franchisees or mobile services offered by the franchisor.
