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By: WaveMAX Laundry | 0 Shares 14 Reads |
Fastest Growing Laundromat Franchise in United States Continues to Experience Rapid Growth Amid Pandemic with Plans to Sign More than 20 Additional Agreements by Year End
October 15, 2020 // Franchising.com // JACKSONVILLE, Fla. - WaveMAX Laundry, the leading laundromat franchise, recently reached a major milestone in the brand’s aggressive growth strategy. Since launching its franchise opportunity in 2017, the brand has just inked its 100th development agreement – which adds to the already explosive growth plans the brand has laid out to have over 50 WaveMAX laundry facilities open and operating by 2022.
Recent agreements have been signed to bring the brand to New Orleans and Houston as demand for trusted, quality laundromats continues to skyrocket in markets across the country. The brand’s strong 2020 performance has primed it to forge ahead confidently into Q4 as the need for cleanliness among consumers and business owners is at an all-time high. Building on this momentum, WaveMAX has immediate plans to expand into New Mexico and Central Florida before the end of the year.
The newest WaveMAX franchisee, James Allen, signed the milestone 100th agreement to bring a WaveMAX Laundry to New Orleans. With site selection next on the agenda, the brand anticipates a grand opening in Q2 of 2021.
“The first time I stepped foot inside a WaveMAX, I thought to myself, ‘New Orleans needs this,’” explained Allen, who has been a law firm Executive Director and COO for over 28 years and is using that experience and acumen to bring WaveMAX to the New Orleans area. “The services and experience customers feel in a WaveMAX are unparalleled bar none. This will no doubt be an incredible asset to the community and I’m looking forward to leading the charge on this development.”
The brand is actively seeking partners to help the brand continue its positive growth through franchising. The estimated investment for a “30-30” store – 30 washers and 30 dryers in a 3,000-square-foot space – ranges between $600,000 and $800,000. This includes $250,000 in construction, $325,000 in equipment and a franchise fee of $49,950. Up to 75% of the total investment can be financed through WaveMAX’s equipment partner.
“We’ve kept our foot on the gas ever since we started franchising three years ago,” shared Mike Roberts, CEO of WaveMAX Laundry. “The innovation and fresh ideas our team brings to this historically stale and seemingly forgotten sector is creating huge demand for our services – WaveMAX is convenient, efficient, clean and changing how people think about laundromats.”
Each WaveMAX facility is outfitted with top-of-the-line equipment, featuring the industry’s most efficient and environmentally friendly washers and dryers. The washers conserve water by automatically weighing clothes and using the precise amount of water required for the best possible wash. The dryers have built-in sensors that determine the “dryness” of the clothes and automatically adjust the temperature for optimum drying.
The WaveMAX franchise is also already equipped for contact-less operation. Each machine has a contactless card system that allows customers to load value with cash, credit or EBT. In order to maximize efficiency, the app also alerts customers via text message about cycle-completion and can be used to check machine availability ahead of visiting the laundromat. This helps with traffic flow and frees-up machines for others to use sooner.
Time-starved customers can also take advantage of WaveMAX’s wash-dry-fold service. Soap, dryer sheets, hangers, and storage bags are included, and service is typically completed within 24 hours after drop-off.
About WaveMAX Laundry
Founded in 2012 and franchising since 2017, Jacksonville, Florida-based WaveMAX Laundry is changing the way vended laundry operations are perceived and structured. Today, there are 18 locations open throughout six states (AZ, CO, FL, MD, NC, TX and TN), with over 100 additional locations throughout various stages of development across the country. For more information, visit the WaveMAX Laundry website.
SOURCE WaveMAX Laundry
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The Link LonkOctober 15, 2020 at 07:24PM
https://www.franchising.com/news/20201015_wavemax_laundry_meets_major_growth_milestone_surpasses_100_signed_developme.html
WaveMAX Laundry Meets Major Growth Milestone, Surpasses 100 Signed Development Agreements - Franchising.com
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