MedXwaste franchise
2024 filing · August 1, 2024Growing
MedXwaste at a glance
A medical waste business collecting and disposing of regulated waste for clinics, offices and homes, with sharps containers and compliance training. At the end of 2023 there were 6 MedXwaste locations in the US, 5 franchised and 1 company-owned.
The business
- Industry
- Business services
- Franchisor
- MedXwaste Franchise LLC
- The company that sells the franchises
- Franchising since
- 2019
- 5 years of selling franchises
What you pay
- Cost to open
- $102K–$142K
- Fee, build-out and opening working capital
- Franchise fee
- $50,000
- Paid once, when you sign
- Royalty
- 8%
- The greater of 8% of gross sales or $650 a month, starting 90 business days after opening
- Brand fund
- 1%
- 1% of gross sales
- Renewal fee
- $2,500
- When the agreement ends and you sign again
- Agreement length
- 7 years
- Territory
- Limited
- Limited protection
- Franchisor financing
- None offered
Where it is
- US locations, 2023
- 6
- Franchised and company-owned
- Franchised
- 5
- Company-owned
- 1
- Change in 3 years
- +3
- Franchised locations, 2021–2023
- States
- 5
- Most in New York, Arizona and Illinois
From MedXwaste Franchise LLC’s 2024 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
MedXwaste among all franchises with the same figure.
| Figure | MedXwaste | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $121,760 | Costs less than 83% 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 | 6 | Fewer than 69% of franchises |
How much a MedXwaste franchise costs
Opening one MedXwaste costs an estimated $101,535 to $141,985. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are initial franchise fee ($50,000) and additional funds – 3 months ($25,000 to $40,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $50,000 | ||
| Additional Inventory and Supplies | $250 | $1,000 | |
| Uniforms | $100 | $500 | |
| Equipment & Tools | $100 | $500 | |
| Van Signage & Graphics | $2,000 | $5,000 | |
| Printing, Business Cards and Flyers | $150 | $500 | |
| Rent deposit for office lease | $2,500 | $4,000 | |
| Training Travel Expenses | $2,000 | $3,000 | |
| Cost of Business Vehicle or Security Deposit on Business Vehicle or Finance or Lease Payments to Initiate Van Lease | $5,000 | $8,000 | |
| Business Vehicle Insurance | $150 | $300 | |
| Cost of Cell Phone or Security Deposit on Phone | $0 | $1,000 | |
| Furniture for office | $500 | $1,000 | |
| Cost of first month’s Cellular Phone Service | $85 | $185 | |
| POS Equipment and Computer | $1,500 | $3,000 | |
| Professional Fees | $2,500 | $5,500 | |
| Insurance | $3,500 | $5,000 | |
| Permits/Licenses and other organizational costs | $1,200 | $8,500 | |
| Grand Opening Advertising | $5,000 | ||
| Additional Funds – 3 Months | $25,000 | $40,000 | |
| Total | $101,535 | $141,985 | |
Source: MedXwaste Franchise LLC, 2024 filing, page 15
MedXwaste franchise fee
The franchise fee is $50,000. You pay it when you sign the franchise agreement.
Source: MedXwaste Franchise LLC, 2024 filing, page 11
Royalty and ongoing fees
| Royalty | The greater of 8% of gross sales or $650 a month, starting 90 business days after opening. |
|---|---|
| Brand or marketing fund | 1% of gross sales. |
| Transfer Fee | $50,000 |
| Renewal Fee | $2,500 |
| Additional Training | $500 per person per day |
| Local Advertising Spend & 2) | 2% of Gross Sales for the previous quarter. |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: MedXwaste Franchise LLC, 2024 filing, pages 11 and 12
Other fees as filed, from pages 12–13. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures MedXwaste does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: MedXwaste Franchise LLC, 2024 filing, page 39
Growth and closures
Share of franchised locations, 2023 / 2021–2023. Typical means the median: half of brands are above it, half below.
| Measure | MedXwaste | Typical business services brand | Typical franchise |
|---|---|---|---|
| GrowthNet change in franchised locations | +67% / +150% | 0% / +3.6% | +1.2% / +10% |
| ClosuresTerminated, not renewed or stopped operating | 0% / 0% | 5.9% / 25% | 3.9% / 16% |
| Bought backLocations the franchisor took back | 0% / 0% | 0% / 0% | 0% / 0% |
Typical business services brand is the median of the 114 brands in business services franchises with three years of counts.
How MedXwaste compares
Of the 324 business services franchises on this site, MedXwaste is the 204th cheapest to open and the 218th largest by number of locations.
| Figure | MedXwaste | Typical business services brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $102K | $77K | $222K |
| Cost to open, high end | $142K | $136K | $477K |
| Franchise fee | $50K | $45K | $40K |
| Royalty | 8% | 7% | 6% |
| Brand fund | 1% | 2% | 2% |
| US locations | 6 | 32 | 21 |
| Shares earnings figures | No | 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 |
|---|---|---|---|---|
| 2021 | 2 (0) | 1 | 0 | 0 |
| 2022 | 3 (+1) | 1 | +1 | 0 |
| 2023 | 5 (+2) | 1 | +2 | 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: MedXwaste Franchise LLC, 2024 filing, page 40
Where MedXwaste locations are
At the end of 2023, MedXwaste had locations in 5 states. The most are in New York, Arizona and Illinois.
- New York2
- Arizona1
- Illinois1
- Maryland1
- Texas1
Source: MedXwaste Franchise LLC, 2024 filing, page 41
Who owns MedXwaste?
MedXwaste franchises are sold by MedXwaste Franchise LLC.
From MedXwaste Franchise LLC’s 2024 filing.
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: MedXwaste Franchise LLC, 2024 filing, litigation on page 11, bankruptcy on page 11
MedXwaste filings
The figures on this page come from MedXwaste Franchise LLC’s 2024 filing, issued August 1, 2024, on record with the Minnesota Department of Commerce.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | August 1, 2024 | Minnesota | Costs, fees and locations, 2021–2023 |
Each link opens the filing as a PDF. See the newest filings across all brands.
