WaveMAX Laundry Franchise Cost, Revenue & Review 2026
- Investment
- $359K – $1.6M
- Disclosed sales
- $446K
- gross sales, not profit
- SBA charge-off
- Limited · 30 loans
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
WaveMAX Laundry is a modern self-service laundromat franchise with app-enabled, attended facilities. Franchisees run the stores, managing equipment upkeep, wash-and-fold service, and largely automated operations.
FranchiseVerdict summary · 2026
A WaveMAX Laundry franchise requires a total initial investment of $359K – $1.6M, including a $55K franchise fee and an ongoing 6.0% royalty[2]. Per the 2026 FDD, average unit revenue was $446K[2]. FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: low - issued within the last 12 months
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✓ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored7 of 8 headline figures on this page cite a page of the filing; the rest are marked “Not cited” beside the figure.
Overview
- Investment
- $359K – $1.6M
- 81st pct Cleaning & Ma…
- Avg gross sales
- $446K
- 13th pct Cleaning & Ma…
- Royalty
- 6.0%
- 14th pct Cleaning & Ma…
- Units
- 66
- 51st pct Cleaning & Ma…
- SBA charge-off
- N/A
Quick verdict · Cleaning & Maintenance · color = vs category peers
Green = favorable by >10% vs Cleaning & Maintenance median · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $359K – $1.6M including a $55K franchise fee, 6.0% ongoing royalty.
- RETURNSAverage unit revenue of $446K/year (median $431K). Note: this is gross profit, not take-home income.
- RISKVerdict B (Above average), verdict score 58/100 (higher is better).
- GROWTHPositive: net +8 franchised outlets in the latest year (9 opened, 1 closed); 52 signed but not yet open (Item 20).
- GROWTHSystem growing at 25.0% CAGR over 3 years with 66 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- WaveMAX Franchise LLC
- CEO title
- CEO
- Michael Roberts
- CEO experience
- 12 yrs
- Years in role or industry
- Incorporated in
- Florida
- HQ
- 929 McDuff Ave. S., Suite 107, Jacksonville, FL 32065
- Auditor
- Metwally CPA PLLC
- Audited financials
- Franchisor revenue
- $2.6M
- vs $2.2M prior year
Affiliated brands
- AU Hydro
Other brands the franchisor or its parent operates (Item 1).
Overview
About
- CEO
- Michael Roberts
- Headquarters
- FL
- Founded
- 2016
- FDD year
- 2026
- States available
- 21
Can you afford it, and what does the money buy?
Entry cost runs 479% above the typical cleaning & maintenance franchise.
Source: FDD 2026 · Items 5–7
FDD Item 7 · 2026 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $55K | $55K |
| Working capital (3–6 mo) | $35K | $65K |
| Equipment, build-out, other | $269K | $1.5M |
| Total initial investment | $359K | $1.6M |
Source: WaveMAX Laundry 2026 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $359K – $1.6M
- Bottom third — review vs category
- Liquid capital req'd
- $35K – $65K
- Middle of category vs category
- Franchise fee
- $55K – $55K
- Middle of category vs category
- Royalty
- 6.0%
- typical 6–8%
- Ad fund
- 0.0%
- typical 3–5%
- Total fee load
- 7.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 0.0% of gross sales |
| Transfer fee | $5K |
| Renewal fee | $5K |
| Inventory (initial) | $75 – $200 |
| Total fee load | 7.0% of rev |
What do units actually make?
Average unit sales run 17% below the cleaning & maintenance norm.
Source: FDD 2026 · Item 19
Single-unit · not modelled
Returns at a glance
An FDD discloses gross sales, not profit, and the operating costs that turn one into the other are in no filing. We publish no modelled return for WaveMAX Laundry until someone supplies them — yours, in the models below.
—
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
Total invested capital · disclosed
$1.0M
Item 7 initial investment plus working capital, as filed — the one figure here that needs no assumption.
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
What one unit earns on your invested capital
Model A · Single-Unit Return
Computes unlevered return on invested capital (ROIC) for a single franchise unit, read against the 30–60% reference band · Yale SOM, Post-MBA Path Exhibit 2 (2023). Below that band a passive index fund likely outperforms; above it the franchisor has pricing power you're subsidizing.
Note: Item 19 revenue is what the franchisor discloses, and it is the top line only — gross sales are not profit. No FDD discloses the operating costs that turn one into the other, so those fields start empty and nothing is modelled until you supply them from your own lease quote, labor market and build-out budget.
Returns model · single-unit ROIC
What would one WaveMAX Laundry unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
What 25 units return when you use SBA financing
Model B · Return on Equity: Debt-Financed Acquisition
Models a 25-unit portfolio acquisition financed with an SBA 7(a) loan. Shows equity IRR (your return on cash invested), DSCR (how safely the cash flow covers debt service), and the capital stack (SBA + seller + equity breakdown).
This is the “search fund” or “entrepreneurship through acquisition” scenario: you buy an existing multi-unit operator, use leverage to amplify returns, and either operate or hire management. The 25-unit size is the typical minimum for an SBA-backed franchise portfolio acquisition to pencil as a full-time income.
What “return on equity” means here: if you put in $500K of your own cash and the business generates enough EBITDA to pay down debt and grow, your equity IRR is the annual return on that $500K, including the value created when you eventually sell. Target IRR for a search fund is typically 25–35%.
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
A 25-unit return is built on a per-unit EBITDA. Fill in the operating costs in Model A above and this model runs on that figure, or take the whole scenario to the full ROI workbench, where the portfolio and LBO models accept your own per-unit economics directly.
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2026 FDD
Financial Performance
- Avg gross sales
- $446K
- Per unit, per year
- Median gross sales
- $431K
Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.
- Item 19 type
- gross sales
- Sample size
- 56 outlets
- vs category median 32
- Range (low → high)
- $196K→$800KNot cited — published from our reading of the franchisor's disclosure document; the page it is printed on has not been located.
- Cohort dispersion (min → max)
- Reporting year
- 2025
- Fiscal year the figures cover
- Source filing
- FDD 2026
- Disclosed in the 2026 filing, covering 2025
- Transparency
- 7 / 10
- vs category median 4 / 10 · above
Compared against 191 Cleaning & Maintenance brands
Revenue is only 0.5x the investment. This means each unit may take 5+ years to recoup the initial outlay at typical margins.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Unit economics
Average unit generates $446K/year in gross sales. Revenue-to-investment ratio: 0.5x.
Fee burden
Total ongoing fee load of 7.0% — below the Cleaning & Maintenance median of 8.3%.
Disclosure
Transparency score 7/10 — this franchisor discloses detailed breakdowns (quartiles, segments, or cohort data). Buyers can model unit economics with higher confidence.
Operator retention
System expanding at 25.0% CAGR over 3 years across 66 units — operators are staying and new ones are joining.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Cleaning & Maintenance medians
How WaveMAX Laundry Compares
Category median of published Cleaning & Maintenance brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2026 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 66
- Opened
- 9
- Last reporting year
- Closed
- 1
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 1.5%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 99%
- vs corporate-owned
- Net growth (3-yr)
- +25.0%
- Net unit change over 3 years
- 3-yr CAGR
- +25.0%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Terminated
- 0
- Not renewed
- 0
- Transferred
- 3
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 52
- 0.79 per open outlet · Item 20 Table 5
- Projected new
- 12
- Franchisor's next-year forecast
- Transfer rate
- 4.5%
- Owners selling to other franchisees
- Ceased ops
- 1.5%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 26 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Available to sell in · Item 12
- Michigan
States where the franchisor is registered to sell new franchises (FDD registration filings).
Where the owners are · Item 20 owner list
93 current owners across 26 states.
- TX 22
- AZ 13
- CO 9
- CA 5
- FL 5
- MD 5
- MI 4
- NC 3
- OH 3
- TN 3
- IL 2
- IN 2
- +14 more states
Counts only, from the list the franchisor prints in Item 20; 14 entries carry no state. Names and phone numbers are for your own due diligence and are not shown here.
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 30
- Loan volume
- $21.1M
- Median loan
- $746K
- 50th percentile
- Charge-off rate
- Limited · 30 loans
- Limited SBA coverage: 30 loans, rate hidden until 10 have resolved and loans reach 2% of franchised units
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- Limited · 30 loans
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 16
- Defaults
- 0
- Typical loan rate
- 6.9%
- avg rate to borrowers
- vs industry
- 0.0%
- NAICS 812310
- Jobs supported
- 175
- 0.9 per loan
- Lender concentration
- 43%
- top lender's share
Borrower mix: 71% went to startups / new businesses, 29% to established operators
Top lenders financing WaveMAX Laundry franchisees
Showing 3 of 16 lenders. The full breakdown — every lender, state distribution, interest rates & risk ratings — is in the SBA Lending Report below.
Explore lender portfolios on Bank Reports or regional data on State Reports.
Lender network · 7(a) + 504
SBA Lending Report
Full lending analysis for WaveMAX Laundry from SBA 7(a) FOIA data.
- Principal loss rate
- 0.0%
- Avg SBA guarantee
- 77%
- Avg interest rate
- 6.94%
- Lender concentration
- 42.9%
- Job velocity
- 0.9 per $100K
- NAICS benchmark
- 0.0%
- NAICS 812310
- Jobs supported
- 175
Top SBA lendersTop lender holds 43% of loans
| # | Lender | Loans | Volume | Default % |
|---|---|---|---|---|
| 1 | Citizens Bank | 12 | $10.0M | 0.0% |
| 2 | UMB Bank, National Association | 2 | $885K | 0.0% |
| 3 | PlainsCapital Bank | 2 | $846K | N/A |
| 4 | Wells Fargo Bank National Association | 1 | $539K | N/A |
| 5 | First Bank | 1 | $536K | N/A |
| 6 | Pinnacle Bank | 1 | $500K | 0.0% |
| 7 | Bridgewater Bank | 1 | $520K | N/A |
| 8 | Minnwest Bank | 1 | $650K | 0.0% |
| 9 | The First National Bank of McGregor d/b/a TFNB Your Bank for | 1 | $112K | N/A |
| 10 | First Port City Bank | 1 | $1.3M | N/A |
Geographic failure vector
| State | Loans | Defaults | Rate |
|---|---|---|---|
| TXTexas | 8 | 0 | 0.0% |
| COColorado | 5 | 0 | 0.0% |
| OHOhio | 3 | 0 | -- |
| AZArizona | 2 | 0 | -- |
| ILIllinois | 2 | 0 | -- |
| MNMinnesota | 2 | 0 | 0.0% |
| CTConnecticut | 1 | 0 | -- |
| FLFlorida | 1 | 0 | -- |
| MDMaryland | 1 | 0 | -- |
| MIMichigan | 1 | 0 | -- |
SBA 7(a) lending trend
Borrower profile
Source: SBA 7(a) + 504 FOIA loan-level data, matched by FranchiseVerdict
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
No litigation, no bankruptcy, no going-concern; audited financials with Item 19 disclosed and positive net income of $720,689 on $2.99M revenue. The one concern is negative franchisor net worth of -$732,067. System is healthy with 66 units and 25% net growth.
Litigation (Item 3)
No litigation required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Metwally CPA PLLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Total Revenue includes royalties, commissions passed through, and other franchisor revenue lines; not solely royalty revenue
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 58 / 100 verdict
- 01MINORNegative franchisor net worth: -$732,067
- 02MINORPositive net income $720,689 and revenue $2,994,879 offset the equity concern
- 03MEDNo litigation, no bankruptcy, no going-concern; audited, Item 19 disclosed
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 7.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2026 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Territory type | Protected territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 1.5 mi |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 25 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 1 |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | No |
| Arbitration location | Jacksonville, Florida (home office); arbitration applies for IL, MD, WA franchisees |
| Jury trial waiver | Yes |
| Governing law | Florida |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 11 hrs
- On-the-job training
- 8 hrs
- Training location
- On-site and franchisor facility
- Ongoing training
- Required
- Time to open
- 12 mo
- From signing to launch
- Site selection
- franchisee
- Franchisor financing
- Not offered
- Item 10
- POS system
- Wash Dry Fold POS or Cents
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Wash Dry Fold POS or Cents
Item 20 · call current owners
Franchisee Contacts
107 owners to call
Name · phone · city · state. Extracted from FDD Item 20
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a WaveMAX Laundry franchise?
The total investment to open a WaveMAX Laundry franchise ranges from $359K – $1.6M, with an initial franchise fee of $55K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do WaveMAX Laundry franchise owners earn?
According to Item 19 of the WaveMAX Laundry FDD, the average gross sales per unit is $446K. The median is $431K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
Who owns WaveMAX Laundry?
WaveMAX Laundry is franchised by WaveMAX Franchise LLC. Source: FDD Item 1, 2026 filing.
What is Item 19 in the WaveMAX Laundry FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the WaveMAX Laundry FDD and qualifies whose outlets they describe.
What is WaveMAX Laundry's franchise failure rate?
SBA 7(a) loan charge-off data is not available for WaveMAX Laundry (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many WaveMAX Laundry franchise locations are there?
As of their most recent FDD filing, WaveMAX Laundry has 66 total units in the United States, including 65 franchised units and 1 company-owned units. 9 new units were opened in the latest reporting year.
Is WaveMAX Laundry a good franchise to buy?
FranchiseVerdict rates WaveMAX Laundry as a B-grade franchise with a verdict score of 58 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
Are you the franchisor?
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.