Fastest Labs® - Franchise
Join the $5.3 Billion Drug Testing Industry! Become an owner one of the fastest-growing drug, alcohol, and DNA testing lab franchises in the industry. It is easier than you think! No medical experience is required to own and operate a drug, alcohol, and DNA testing facility and we provide you with all of the training materials, resources, and knowledge you need to get your franchise up and running.
Requirements
Financial requirements for this franchise:
Liquid Capital: | $90,000 What does Liquid Capital mean? |
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Net Worth: | $400,000 What does Net Worth mean? |
Franchise Fee: | $59,500 What does Franchise Fee mean? |
Total Investment: | $125,500 - $164,500 What does Total Investment mean? |
Royalty Fee: | 7% |
Options
Options available to franchisees:
Financing: | Via 3rd party |
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Training: | Available |
Veteran Discount: | Special incentives are available for qualified veterans. |
SBA Approved: | Available |
Franchisor Details
Facts about this franchise:
Total Units: | 70 |
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Home Office: | San Antonio, TX |
Year Founded: | 2008 |
Franchising Since: | 2010 |
What Does a Fastest Labs® Franchise Cost?
To buy a franchise with Fastest Labs®, you'll need to have at least liquid capital of $90,000 and a minimum net worth of $400,000. Franchisees can expect to make a total investment of $125,500 - $164,500. Fastest Labs® charges a franchise fee of $59,500. They also offer financing via 3rd party as well as a discount for veterans (Special incentives are available for qualified veterans.). *
Changing the Game in the Drug, Alcohol, & DNA Testing Industry
Fastest Labs is truly an industry disruptor as the first and only drug, alcohol, and DNA testing franchise in the United States that is non-medical and operates as a brick-and-mortar opportunity. Already the number one fastest-growing drug testing franchise in this industry, Fastest Labs has over 70 physical franchise locations and thousands of drug tests conducted each year. We are always looking to expand our team of dedicated franchisees throughout the nation, especially in Texas, the Great Plains area, and throughout the South and Southwest.
Fastest Labs is light years ahead of the competition with their proprietary testing technology, simple model with low operating costs, low initial investment, fast breakeven, and recurring revenue models.
Why Franchise with Fastest Labs®?
The demand for high-quality drug, alcohol, and DNA testing services continues to grow. At FastestLabs®, we’ve filled this demand by providing the best services in the industry. Unlike our competitors who are often unable to return test results for days or even longer, we provide our clients with instant, accurate results. We also work tirelessly to provide an unmatched level of customer service that our clients know they can count on. These factors, coupled with our dedication to providing the best overall personal testing experience in the industry, has helped boost our position in the drug, alcohol, and DNA testing marketplace..
Our easy-to-follow business model allows owners to tap into a market with high demand and provides the following benefits:
- Low $59,500 Franchise Fee
- Initial Start-Up Cost of $125,500 - $164,500
- World-Class Franchise Support
- No Sales Tax/No Workers Comp (In Texas)
- Small Office Space Footprint
- Thorough Franchise Training
- Low Number of Employees (1-3)
- No Need for Medical Training
- Small 7% Franchise Royalty
- Low-Cost PL & GL Insurance
- High Gross Margins
Training & Support
One of the ways in which we at FastestLabs® work to support our franchisee partners is to provide continual, high-speed support throughout the entire process. From your initial interest to the investment to training, grand opening, and beyond, our team of experienced professionals is here to assist you in any way we can. We offer comprehensive guidance whenever you need it so you can always rest assured that your business is poised for success. At Fastest Labs, we offer the confidence and support you need to provide world-class personal testing services at your very own drug, alcohol, and DNA testing facility.
There are many factors involved in opening, running, and managing a drug, alcohol, and DNA testing lab. While you may not have much experience in this industry, our services are in high demand, making this an ideal time to enter such an expanding market. At Fastest Labs, we offer comprehensive support for our franchisees so you can be fully prepared and well-equipped to own your own personal testing business.
Our high-speed support for franchisees involves:
- Outstanding, reliable leadership
- Experienced assistance
- Answers to your questions
- Comprehensive training
- Established partnerships with vendors
- Proven marketing techniques
- Sound business strategies
- Complete ongoing support
There are many advantages to owning your own laboratory franchise with Fastest Labs, and our unparalleled level of franchisee support is just one of them.
Ideal Candidate
Franchisee must be a full-time owner operator with critical skill sets in sales, marketing and/or customer service. They must enjoy networking and serving others because we are in the people business. We look for franchisees who are committed to our Fastest Labs model and have a passion for our industry. We search for extremely positive people who are driven to succeed.
It is very important that you are involved in and understand the day-to-day operations of your new business. You must be able to commit to working and growing your Fastest Labs full-time daily. We are open 9 am to 5 pm Monday through Friday, with true “Bankers Hours.” No medical experience is required.
Getting your very own FastestLabs® franchise up and running is a much simpler process than you may think! We keep our franchisees poised for success by offering a proven and successful business model. Become a Fastest Labs owner today!
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Availability
Fastest Labs® is currently accepting inquiries from the following states:
Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District Of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
Interested parties should have at least $90,000 in liquid capital to invest.
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