FDD ITEM 20 · FISCAL 2022–2024
WaveMAX Laundry Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2024), WaveMAX Laundry reported 56 franchised outlets at year end. 1 of 51 franchised outlets open at the start of the year left the system — an annualized exit rate of 2.0%— while 7 new outlets opened. Systemwide units moved +29.5% over 2022–2024.
| Status (FTC) | 2022 | 2023 | 2024 |
|---|---|---|---|
| Outlets at start | 29 | 44 | 52 |
| Opened | 15 | 9 | 7 |
| Transfers | 2 | 2 | 2 |
| Terminations | 0 | 1 | 0 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 0 | 0 | 1 |
| Outlets at end | 44 | 52 | 57 |
| Net change | +15 | +8 | +5 |
0 terminations + 0 non-renewals + 1 ceased (other) = 1 exits ÷ 51 at start = 2.0%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (2) are resales, not exits; reacquisitions by the franchisor (0) are tracked separately. There is no official “failure rate” — this annualized exit rate is the disclosed, measurable floor.
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