Seller's Contact Information
- RE: WAVEMAX - LAUNDROMAT - LAUNDRY ( FRANCHISE ) OWNER ABSENT
- Contact: Brandon Kirch
Quick Facts
| Asking Price: | $250,000 | |
| Annual Revenue: | Not Disclosed | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | SB-50939 | |
| Broker Reference #: | PASSAIC001-50939 |
Business Overview:
WaveMAXwavemaxDescription:WaveMAX is an absentee concept but keep in mind there is a 6 week process leading up to opening where the owner will be heavily involvedWaveMAX 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. WaveMAX's 'Secret Sauce':As cliché as it is location, location, location is obviously number one. They have developed their own proprietary approach to discerning the best possible real estate play for their locations. It includes:Right Site (Understand Demographics and Competition in the area) +Right Size (Best size store based on Demographics and Competition) +Right Mix (Best mix of Equipment for the Site) =Maximum Profits (Keep all costs under control for maximum profits)Key Factors:Fantastic absentee business modelExtremely low employee countA business that makes money when the franchisee is not aroundNot fast foodMature industry with no national brandsIdeal 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'. NOTE: A new franchisee is required to work the business for the first six weeks.Business Type:RetailB2B / B2C:B2BB2C
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Additional Details:
- The property is owned.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
Relevant Links:
Here are some of the similar listings you can choose from
Asking Price: $250,000Tattoo shop with 23 years in business
Tattoo Magic has a 23 year footprint as well as 4.7-5 rating across all review pages. The studio is decked out from head to toe, with low overhead and fixed rent. The building is under a trust for the next 20 years. The business is for sale and turn key. About 1000sqft, private parking lot, high visibility and a few miles from Travis ATB. Owner and Artist is relocating out of state.
Asking Price: $612,500Profitable Salon Studio in Desirable Location
This salon studio was established in 2010 by the current owner. At this studio, employee training and education are of paramount importance. Dedicated to providing exceptional service, the studio works exclusively with a set few high-quality hair products.
Asking Price: $320,000Chiropractic Practice With Real Estate
ESTABLISHED CHIROPRACTIC PRACTICE with loyal clientele and excellent reputation. Fully equipped clinic. Prime location with high visibility. Perfect opportunity to expand your book of business. BUILDING INCLUDED WITH PRICE.
