Auxo Medical franchise
2022 filing · March 15, 2022GrowingShares sales figures
Auxo Medical at a glance
A business selling, distributing and repairing new and refurbished medical equipment. At the end of 2021 there were 4 Auxo Medical locations in the US, 1 franchised and 3 company-owned, so most are run by the company itself.
The business
- Industry
- Business services
- Franchisor
- Auxo Medical Franchising, LLC
- The company that sells the franchises
- Franchisor based in
- Richmond, Virginia
What you pay
- Cost to open
- $100K–$138K
- A single Auxo Medical business
- Franchise fee
- $50,000
- The three-business option is $130,000
- Royalty
- 5%–8%
- 8% of gross sales of services and 5% of gross sales of products, paid monthly, plus currently 2% to the brand development fund
- Brand fund
- Yes
- 2% of gross sales, at least $200 and at most $1,540 a month; it can rise to 3%
- Agreement length
- 10 years
- Territory
- Limited
- Limited protection
- Franchisor financing
- None offered
Where it is
- US locations, 2021
- 4
- Franchised and company-owned
- Franchised
- 1
- Company-owned
- 3
- Change in 3 years
- +1
- Franchised locations, 2019–2021
- States
- 4
- Most in Florida, Michigan and Tennessee
From Auxo Medical Franchising, LLC’s 2022 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Auxo Medical among all franchises with the same figure.
| Figure | Auxo Medical | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $118,785 | Costs less than 84% of franchises |
| Franchise feePaid once, when you sign | $50,000 | Higher than 70% of franchises |
| RoyaltyShare of sales paid to the franchisor | 8% | Higher than 85% of brands with a set rate |
| US locationsFranchised and company-owned | 4 | Fewer than 74% of franchises |
How much a Auxo Medical franchise costs
Opening a single Auxo Medical business costs an estimated $99,936 to $137,633. That covers the franchise fee and everything else needed to open, through the first months of working capital. It is one of the low-cost franchises.
The biggest costs are initial franchise fee ($50,000) and additional funds – 3 months ($13,905 to $17,098). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $50,000 | ||
| Construction and Leasehold Improvements | $0 | $1,000 | |
| Lease Deposits – 3 Months | $0 | $750 | |
| Furniture, Fixtures and Equipment | $3,100 | $12,250 | |
| Service Vehicle | $3,000 | $5,000 | |
| Computer, Software and Point of Sales System | $1,180 | $2,640 | |
| Grand Opening Marketing | $15,000 | ||
| Initial Inventory | $4,000 | $17,000 | |
| Utility Deposits | $55 | $155 | |
| Insurance Deposits – 3 Months | $3,851 | $4,750 | |
| Travel for Initial Training | $3,120 | $6,640 | |
| When Due Professional Fees | $2,500 | $4,500 | |
| Licenses and Permits | $50 | $500 | |
| Printing Stationary and Office Supplies | $175 | $350 | |
| Additional Funds – 3 months | $13,905 | $17,098 | |
| Total | $99,936 | $137,633 | |
Source: Auxo Medical Franchising, LLC, 2022 filing, page 17
Auxo Medical franchise fee
The franchise fee is $50,000, the three-business option is $130,000. You pay it when you sign the franchise agreement.
Source: Auxo Medical Franchising, LLC, 2022 filing, page 11
Royalty and ongoing fees
| Royalty | 8% of gross sales of services and 5% of gross sales of products, paid monthly, plus currently 2% to the brand development fund. |
|---|---|
| Brand or marketing fund | 2% of gross sales, at least $200 and at most $1,540 a month; it can rise to 3%. |
| Technology | Our then current fee, currently $500 per month |
| NSF Check Fee of Failed Electronic Fund Transfer | $50 per violation |
| Additional Employee Initial Training | Our then current training fee, currently $500 per person per day |
| Local Marketing | The greater of: 2% of Gross Sales or $1,000 per month |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Auxo Medical Franchising, LLC, 2022 filing, page 12
Other fees as filed, from pages 12–14. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Auxo Medical publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: Auxo Medical Franchising, LLC, 2022 filing, page 42
How Auxo Medical compares
Of the 324 business services franchises on this site, Auxo Medical is the 200th cheapest to open and the 226th largest by number of locations.
| Figure | Auxo Medical | Typical business services brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $100K | $77K | $222K |
| Cost to open, high end | $138K | $136K | $477K |
| Franchise fee | $50K | $45K | $40K |
| Royalty | 8% | 7% | 6% |
| US locations | 4 | 32 | 21 |
| Shares earnings figures | Yes | 187 of 324 | 2,147 of 3,352 |
Typical is the median across the 324 brands in business services franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2019 | 0 (0) | 1 | 0 | 0 |
| 2020 | 0 (0) | 3 | 0 | 0 |
| 2021 | 1 (+1) | 3 | +1 | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: Auxo Medical Franchising, LLC, 2022 filing, page 50
Where Auxo Medical locations are
At the end of 2021, Auxo Medical had locations in 4 states. The most are in Florida, Michigan and Tennessee.
- Florida1
- Michigan1
- Tennessee1
- Virginia1
Source: Auxo Medical Franchising, LLC, 2022 filing, page 51
Who owns Auxo Medical?
Auxo Medical franchises are sold by Auxo Medical Franchising, LLC. Its filing names no parent company.
From Auxo Medical Franchising, LLC’s 2022 filing, page 8.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Auxo Medical Franchising, LLC, 2022 filing, litigation on page 10, bankruptcy on page 10
Auxo Medical filings
The figures on this page come from Auxo Medical Franchising, LLC’s 2022 filing, issued March 15, 2022, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2022 filing | March 15, 2022 | NASAA depository | Costs, fees and locations, 2019–2021 |
Each link opens the filing as a PDF. See the newest filings across all brands.
