WaveMAX has developed a system to change the way coin laundry locations are perceived and operated.
The industry has primarily been made up of Mom and Pop operators who are taken advantage of by the 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 turn over from operator to operator.
These naïve owners sign long term leases in buildings that are not the right fit for their businesses and over build the location with too much equipment and are saddled in debt financing. Hence the industry today is thriving for manufacturers as they continue to support this structure of over build in too large of spaces and then disappear once the equipment is sold. This results in too high of rent, too high of construction costs and too high of equipment financing that will not allow a net margin to justify the investment.
Ideal Candidate:
A business savvy owner who realizes that partnering in a fragmented industry and working with Franchise Start-up Pro Dennis Mulgannon who successfully launched Home Care Assistance, Junk King and The Flying Locksmiths into national franchise brands is a better decision than buying a Yogurt Shop…”My brands are not sexy but they cash flow and scale quickly”.
To buy a franchise with WaveMAX you’ll need a minimum net worth of $650,000 Creative Colors International a franchise fee of $49,950. They also offer a discount for veterans.
