FranchiseVerdict
WaveMAX Laundry logo
FV-02934·STRONGExcellent95

WaveMAX Laundry

Cleaning - Commercial & JanitorialFranchising since 2016Website
Investment
$359K – $1.6M
94th pct Commercial & …
Avg revenue
$446K
19th pct Commercial & …
Royalty
6.0%
10th pct Commercial & …
Units
66
57th pct Commercial & …
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $359K – $1.6M including a $55K franchise fee, 6.0% ongoing royalty.
  • Average unit revenue of $446K/year (median $431K). Estimated payback in 4.0 years.
  • Rated STRONG with a risk score of 39/100. SBA loan default rate of 0.0% across 56 loans (below the industry average).
  • System growing at 25.0% CAGR over 3 years with 66 total units — strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Legal entity
WaveMAX Franchise LLC
Incorporated in
Florida
HQ
929 McDuff Ave. S., Suite 107, Jacksonville, FL 32065
Auditor
Metwally CPA PLLC
Audited financials
Franchisor revenue
$2.2M
vs $2.6M prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one WaveMAX Laundry unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $445,598
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: restoration
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $359K–$1.6M
Working capital
$
FDD reports $35K–$65K

Unlevered ROIC · per unit

5%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$53K
EBITDA margin
12.0%
Total invested
$1.0M
Payback
235 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 WaveMAX Laundry units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$446K

on $2.2M purchase

Total debt

$1.8M

SBA $1.1M + senior + seller note

Overview

About

Franchisees operate automated, self-service laundry facilities (laundromats), managing equipment maintenance, supplies restocking, customer service, and facility cleaning. Daily operations involve cash handling, machine troubleshooting, and transaction monitoring across coin/card payment systems.

CEO
Michael Roberts
Founded
2016
FDD year
2026
States available
21

Item 7 · what it costs

The Vitals

Total investment
$359K – $1.6M
All-in to open one unit
Liquid capital
$35K – $65K
Cash you must have on hand
Franchise fee
$55K
Royalty
6.0%
Percentage · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
7.0%
vs 9–13% typical
Payback period
4.0 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$446K
Per unit, per year
Median gross sales
$431K
Item 19 type
Gross Revenue
Sample size
56 units
vs category median 32
Range (low → high)
$196K$800K
Cohort dispersion
Transparency
7 / 5
vs category median 4 / 5 · above
Revenue rank19th
vs Cleaning - Commercial & Janitorial peers
Investment cost rank94th
Lower investment ranks lower (better)
Royalty rate rank10th
Lower royalty = lower percentile (better)
Unit count rank57th
vs Cleaning - Commercial & Janitorial peers
Risk score rank3th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
66
Opened
9
Last reporting year
Closed
1
Turnover rate
1.5%
Company-owned
1
Corporate units in the system
% franchised
99%
vs corporate-owned
Net growth (yr3)
+14.0%
Net unit change last year
3-yr CAGR
+25.0%
Compounded over last 3 years
2024
65+8
Franchised units
2025
57
Franchised units
2026
52
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 32 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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 32 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
56
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

39
Risk · 0-100
STRONG39 / 100

WaveMAX presents moderate-to-cautionary risk due to absence of financial performance data, opaque cost structure, and unverified profitability claims in a capital-intensive, low-margin industry.

Score breakdown · what drove the 39 / 100 rating

  1. 01MEDNo Item 19 (Financial Performance Representations) disclosed — cannot verify claimed $252k average net income independently
  2. 02MINORWide investment range ($359k-$1.6M) suggests inconsistent unit economics or unclear cost structure
  3. 03MINOR14% YoY unit growth is modest for a laundry franchise in a consolidating market; growth may be plateauing
  4. 04MINOR6% royalty on $445k average revenue = ~$26,700/year — relatively low royalties can indicate weak franchisor support or cash flow issues for franchisor

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Radius
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
No
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Florida

Item 11

Training & Operations

Classroom training
11 hrs
On-the-job training
8 hrs
POS system
Wash Dry Fold POS or Cents
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

93 numbers

Locked
(480) 937-••••
AZ
(651) 539-••••
MN
(608) 266-••••
WI

One-time purchase · CSV download · Validation questions included

FDD download

WaveMAX Laundry · FDD (2026) PDF

Single-page checkout · instant download · CSV export of contacts available separately above