MedXwaste Franchise FDD, Profits & Costs (2025)
MedXwaste is a specialized franchise in medical and hazardous waste disposal, with additional services that include paper shredding, hard-drive destruction, compliance software, and medical supply distribution.
The business was launched in 2013 by industry veterans Sean Fredricks and Greg Okpych, who brought extensive expertise in waste management and shredding operations. Based in Riverview, Florida, the brand began expanding through franchising in 2019.
Its service portfolio covers all essential areas of healthcare waste handling, from biohazard and sharps collection to pharmaceutical and hazardous waste removal, as well as shredding and supply sales.
What makes MedXwaste attractive to entrepreneurs is its recession-resilient model, minimal direct competition, and multiple revenue streams.
Initial Investment
How much does it cost to start a MedXwaste franchise? It costs on average between $102,000 – $142,000 to start a MedXwaste franchised facility.
This includes costs for vehicles, equipment, compliance software, medical supply inventory, and initial operating expenses. The total investment varies depending on factors such as the size of the territory, local market conditions, and whether the franchisee decides to lease or purchase necessary facilities.
| Type of Expenditure | Amount |
|---|---|
| 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 | $5,000 – $8,000 |
| Business Vehicle Insurance | $150 – $300 |
| Cost of Cell Phone or Security Deposit | $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 |
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Frequently Asked Questions
How many MedXwaste locations are there?
As of the latest data, MedXwaste operates 9 locations in the U.S., with 8 franchised units and 1 company-owned location.
What is the total investment required to open a MedXwaste franchise?
The total investment required to open a MedXwaste franchise ranges from $102,000 to $142,000.
What are the ongoing fees for a MedXwaste franchise?
As a MedXwaste franchisee, you are required to pay a royalty fee of 8% of gross sales, which supports the franchisor’s operations, brand management, and ongoing support services. Additionally, there is a marketing and advertising fee of 1% of gross sales, which contributes to national and regional marketing campaigns designed to promote the brand and drive customer demand across all franchise locations.
What are the financial requirements to become a MedXwaste franchisee?
To become a MedXwaste franchisee, you must have a minimum liquid capital of $101,535. The total investment required ranges from $101,535 to $141,985.
Who owns MedXwaste?
The franchise is owned by Sean Fredricks and Greg Okpych, the founders of MedXwaste who launched the company in 2013 and continue to lead its operations and franchise development.
Disclaimer
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