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| Brand | WaveMAX Laundry Cleaning & Maintenance Remove | Spin Doctor Laundromat Cleaning & Maintenance Remove |
|---|---|---|
| Vitals | ||
Investment range | $359K – $1.6M | $490K – $1.4M |
Liquid capital | $35K – $65K | $45K – $100K |
Franchise fee | $55K | $30K |
Royalty rate | 6.0% | 6.0% |
Ad fund rate | 1.0% | 1.5% |
| Performance | ||
Avg gross sales | $446K | $521K |
Median gross sales | $431K | N/A |
Avg owner earnings Metric varies by brand. Check type below | $252K | $114K |
Earnings metric | P&L Bottom Line | P&L Bottom Line |
| Risk | ||
Rating | ATop Quintile | ATop Quintile |
Risk score | 13 / 100 | 42 / 100 |
SBA charge-off rate | 0.0% | N/A |
SBA loans on record | 30 | 1 |
| Scale | ||
Total units | 66 | 1 |
Net change (latest yr) | N/A | N/A |
Turnover rate | 1.5% | 0.0% |
| Contract | ||
Initial term (years) | 10 | 10 |
Renewal term (years) | 10 | 5 |
Initial training (hrs) | 19 | 82 |
| Contacts | ||
Franchisee phones | 93 | 4 |
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