MedXwaste provides medical waste disposal services, ensuring safe and compliant handling of hazardous materials for healthcare facilities.
KEY FRANCHISE STATS
Franchisees
?
2
+
0%
0%
Franchise fee
?
$50,000
Investment
?
$102,000 - $142,000
Revenue (AUV)
?
Undisclosed
$0
+
n.a.
n.a.
$xxx,xxx
MedXwasteis a medical and hazardous waste disposal franchise that also offers services such as paper shredding, hard-drive destruction, regulatory compliance software, and medical supply sales.
It was founded in 2013 by Sean Fredricks and Greg Okpych, both experienced professionals in waste management and shredding. The company is headquartered in Riverview, Florida, and began offering franchise opportunities in 2019.
MedXwaste provides a comprehensive suite of services including biohazardous waste disposal, sharps container pickup, pharmaceutical and hazardous waste removal, shredding, and medical supply distribution.
The franchise stands out in the industry by offering a recession-resistant and low-competition opportunity with diversified revenue streams. Its technology-driven systems and bundled services allow for more affordable and transparent waste management solutions, helping clients cut costs by up to 50% while ensuring compliance and safety.
Initial investment
The initial investment required for a MedXwaste franchise is $102,000 - $142,000. That is the total cost you would need to finance if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
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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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
Franchise Disclosure Document
Below is MedXwaste's 2023 Franchise Disclosure Document. Upgrade to Pro or purchase the FDD to view and download the document.
Number of units
MedXwaste had 3 total units in 2023, of which 2 were franchised-owned and 1 company-owned.
MedXwaste provides a comprehensive training program to prepare franchisees for operating their medical waste disposal businesses. The following outlines the key components of the training:
Initial Training Program: MedXwaste offers an initial training program at no additional charge for the franchisee, operating partner, or designated manager. This program covers System standards, specifications, methods, and operational techniques to ensure consistent service delivery.
Operations Manual Access: As part of the training, MedXwaste lends each franchisee a copy of the Confidential Operations Manual and other designated manuals. These documents contain crucial information and instructions for system operations and are updated at the franchisor’s discretion.
Pre-Opening Support: MedXwaste assists franchisees in obtaining necessary tools, equipment, and standard reporting forms. The training must be completed before the business opens, typically within 30 to 60 days of signing the Franchise Agreement, ensuring readiness to operate the mobile business effectively.
Territory Protection
MedXwaste provides its franchisees with a protected territory upon the execution of the Franchise Agreement. This designated territory is clearly outlined in the agreement and is intended to limit direct competition from other MedXwaste franchisees within the same area.
The franchisor commits not to establish or license another franchisee to operate within this protected territory during the term of the agreement, provided the franchisee complies with all terms and standards.
However, the protection does not extend to all possible business models or methods of delivery. MedXwaste retains the right to service national or regional accounts and may distribute products or services through other means, such as internet or direct sales, within any territory.
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