All States M.E.D. Franchise Cost, Revenue & Review 2026
- Investment
- $189K – $256K
- Disclosed sales
- $833K
- gross sales, not profit
- SBA charge-off
- Not SBA-matched
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
All States M.E.D. is a healthcare franchise selling new and refurbished medical equipment and supplies. Franchisees run local operations, managing equipment inventory, sales, and customer accounts.
FranchiseVerdict summary · 2026
A All States M.E.D. franchise requires a total initial investment of $189K – $256K, including a $100K franchise fee and an ongoing 8.0% royalty[2]. Per the 2024 FDD, average unit revenue was $833K[2]. FranchiseVerdict grade: D (Below average), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: high - issued more than two years ago
Evidence: partial✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✗ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored6 of 6 headline figures on this page cite a page of the filing.
Overview
- Investment
- $189K – $256K
- 40th pct Healthcare
- Avg gross sales
- $833K
- Company-owned only1 outlet
- Royalty
- 8.0%
- 57th pct Healthcare
- Units
- 2
- 5th pct Healthcare
- SBA charge-off
- N/A
Quick verdict · Healthcare · color = vs category peers
Green = favorable by >10% vs Healthcare median · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $189K – $256K including a $100K franchise fee, 8.0% ongoing royalty.
- RETURNSAverage unit revenue of $833K/year (company-owned outlets only - not franchisee performance).
- RISKVerdict D (Below average), verdict score 36/100 (higher is better).
- GROWTHPositive: net +1 franchised outlets in the latest year (1 opened, 0 closed) (Item 20).
- FLAGRevenue data based on only 1 outlet. Treat as directional, not definitive. Ask franchisees directly for current unit economics.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- All States M.E.D. Franchising, LLC
- CEO title
- CEO
- Josino ("Joe") Ferreira
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- Florida
- HQ
- 6157 NW 167th Street, Suite F15, Miami Lakes, FL 33015
- Auditor
- Smith, Buzzi & Associates, LLC
- Audited financials
Overview
About
- CEO
- Josino ("Joe") Ferreira
- Headquarters
- FL
- Founded
- 2023
- FDD year
- 2024
- States available
- 2
Can you afford it, and what does the money buy?
Entry cost runs 31% below the typical healthcare franchise.
Source: FDD 2024 · Items 5–7
Full Item 7 breakdown16 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $100K | $100K | |
| Traveling and Living Expenses while Training | $2K | $3K | |
| Real Property Rent Deposits and Pre-Paid Expenses | $3K | $8K | |
| Construction of Leasehold Improvements | $1K | $5K | |
| Furniture and Fixtures | $4K | $8K | |
| Equipment | $20K | $30K | |
| Computer Hardware and Software | $4K | $7K | |
| Office Supplies | $1K | $3K | |
| Uniforms | $500 | $2K | |
| Signage | $2K | $5K | |
| High-Ceiling Van with Liftgate | $5K | $10K | |
| Grand Opening Advertising | $3K | $10K | |
| Business Licenses and Permits | $500 | $2K | |
| Insurance (3 Months) | $500 | $2K | |
| Professional Fees | $3K | $4K | |
| Additional Funds (3 months) | $40K | $60K | |
| Total initial investment | $189K | $256K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $189K – $256K
- Top 40% of category vs category
- Liquid capital req'd
- $40K – $60K
- Middle of category vs category
- Franchise fee
- $100K – $100K
- Bottom third — review vs category
- Royalty
- 8.0%
- typical 6–8%
- Ad fund
- -n/d
- Total fee load
- 8.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 8.0% of gross sales |
| Technology fee | $1K |
| Training fee | $250 |
| Transfer fee | $15K |
| Renewal fee | $10K |
| Total fee load | 8.0% of rev |
What do units actually make?
Average unit sales run 23% above the healthcare norm.
Company-owned outlets only - not franchisee performance
Based on a single outlet - not a system average
Source: FDD 2024 · Item 19
Single-unit · not modelled
Returns at a glance
An FDD discloses gross sales, not profit, and the operating costs that turn one into the other are in no filing. We publish no modelled return for All States M.E.D. until someone supplies them — yours, in the models below.
—
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for ad fund rate, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
Total invested capital · disclosed
$272K
Item 7 initial investment plus working capital, as filed — the one figure here that needs no assumption.
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
What one unit earns on your invested capital
Model A · Single-Unit Return
Computes unlevered return on invested capital (ROIC) for a single franchise unit, read against the 30–60% reference band · Yale SOM, Post-MBA Path Exhibit 2 (2023). Below that band a passive index fund likely outperforms; above it the franchisor has pricing power you're subsidizing.
Note: Item 19 revenue is what the franchisor discloses, and it is the top line only — gross sales are not profit. No FDD discloses the operating costs that turn one into the other, so those fields start empty and nothing is modelled until you supply them from your own lease quote, labor market and build-out budget.
Returns model · single-unit ROIC
What would one All States M.E.D. unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for ad fund rate, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
What 25 units return when you use SBA financing
Model B · Return on Equity: Debt-Financed Acquisition
Models a 25-unit portfolio acquisition financed with an SBA 7(a) loan. Shows equity IRR (your return on cash invested), DSCR (how safely the cash flow covers debt service), and the capital stack (SBA + seller + equity breakdown).
This is the “search fund” or “entrepreneurship through acquisition” scenario: you buy an existing multi-unit operator, use leverage to amplify returns, and either operate or hire management. The 25-unit size is the typical minimum for an SBA-backed franchise portfolio acquisition to pencil as a full-time income.
What “return on equity” means here: if you put in $500K of your own cash and the business generates enough EBITDA to pay down debt and grow, your equity IRR is the annual return on that $500K, including the value created when you eventually sell. Target IRR for a search fund is typically 25–35%.
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for ad fund rate, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
A 25-unit return is built on a per-unit EBITDA. Fill in the operating costs in Model A above and this model runs on that figure, or take the whole scenario to the full ROI workbench, where the portfolio and LBO models accept your own per-unit economics directly.
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2024 FDD
Financial Performance
Company-owned outlets only - not franchisee performance
Based on a single outlet - not a system average
- Avg gross sales
- $833K
- Per unit, per year
Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.
- Item 19 type
- historical
- Sample size
- 1 outlet
- vs category median 20 · small
- Reported figure
- $833KCited, not corroborated — printed on page 39 of the 2024 FDD. Nothing else in our record independently restates or re-derives it.
- A single outlet — not a range
- Reporting year
- 2023
- Fiscal year the figures cover
- Source filing
- FDD 2024
- Disclosed in the 2024 filing, covering 2023
- Transparency
- 3 / 10
- vs category median 3 / 10 · typical
Compared against 162 Healthcare brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Unit economics
Average unit generates $833K/year in gross sales. Revenue-to-investment ratio: 3.8x. Company-owned outlets only - not franchisee performance.
Fee burden
Total ongoing fee load of 8.0% (near the Healthcare median).
Disclosure
Transparency score 3/10 — moderate disclosure depth. Average and range data are available but detailed cohort breakdowns may be limited. Sample size of 1 outlet — treat as directional only.
Multi-unit rate
Only 13% of franchisees own multiple units. Could indicate challenging economics or a young system where operators haven't had time to expand.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Healthcare medians
How All States M.E.D. Compares
Category median of published Healthcare brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2024 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 2
- Opened
- 1
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- N/A
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 50%
- vs corporate-owned
- Multi-unit owners
- 12.5%
Last fiscal year · Item 20 exits and transfers
- Terminated
- 0
- Not renewed
- 0
- Signed, not yet open
- 0
- 0.00 per open outlet · Item 20 Table 5
- Projected new
- 1
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 2 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
2
states with franchisees (per FDD Item 12)
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Micro-franchise system with unproven unit economics, undisclosed profitability data, and franchisor stability concerns presents elevated risk despite protected territory.
Litigation (Item 3)
Subject: officers or affiliates. The franchisor is not a named party in these cases.
No litigation is required to be disclosed in this Item.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Smith, Buzzi & Associates, LLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Audited statements are for All States M.E.D. Franchising, LLC (the franchisor), balance sheet as of December 31, 2023, covering the period from commencement of operations July 11, 2023 to December 31, 2023. Whole US dollars (statements presented in whole dollars). Total revenues were $0 (franchise sales $0); net loss ($586) from bank fees and marketing expense; members' equity of $121,914 funded by $122,500 of member contributions. A second, earlier audited balance sheet of the same entity as of August 15, 2023 ($57,413 total assets/equity) also appears but the December 31, 2023 statement is the most recent and was used.
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: No
- Must buy proprietary products: No
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 36 / 100 verdict
- 01MEDOnly 2 operating units with unknown growth trajectory indicates extremely limited system scale and validation data
- 02MEDNo average net income disclosed despite $832,521 average revenue — suggests franchisees may not be achieving acceptable profitability after 8% royalties + operating costs
- 03MINORHigh franchise fee ($100,000) relative to system size creates concentration risk with minimal franchisee network for support and learning
- 04MINORMaterial gap between investment range ($188,500-$255,500) and franchise fee ($100,000) lacks transparency on what comprises remaining $88,500-$155,500
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 8.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2024 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Territory type | Exclusive territory |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Territory population | 1,500,000 |
| Online sales rightsℹ | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 90 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | FL |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation is required to be disclosed in this Item.
Items 10, 11
Training & Operations
- Classroom training
- 16 hrs
- On-the-job training
- 98 hrs
- Training location
- Miami Lakes, FL (Affiliate location) or designated franchisor training center
- Ongoing training
- Required
- Time to open
- 10 mo
- From signing to launch
- Franchisor financing
- Not offered
- Item 10
- POS system
- Salesforce; Shopify; Remotebooks; Quickbooks Online
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Salesforce; Shopify; Remotebooks; Quickbooks Online
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a All States M.E.D. franchise?
The total investment to open a All States M.E.D. franchise ranges from $189K – $256K, with an initial franchise fee of $100K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do All States M.E.D. franchise owners earn?
According to Item 19 of the All States M.E.D. FDD, the average gross sales per unit is $833K. Important context: Company-owned outlets only - not franchisee performance; Based on a single outlet - not a system average. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
Who owns All States M.E.D.?
All States M.E.D. is franchised by All States M.E.D. Franchising, LLC. Source: FDD Item 1, 2024 filing.
What is Item 19 in the All States M.E.D. FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the All States M.E.D. FDD and qualifies whose outlets they describe.
What is All States M.E.D.'s franchise failure rate?
SBA 7(a) loan charge-off data is not available for All States M.E.D. (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many All States M.E.D. franchise locations are there?
As of their most recent FDD filing, All States M.E.D. has 2 total units in the United States, including 1 franchised units and 1 company-owned units. 1 new units were opened in the latest reporting year.
Is All States M.E.D. a good franchise to buy?
FranchiseVerdict rates All States M.E.D. as a D-grade franchise with a verdict score of 36 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.