Fastest Labs Franchise
To buy a franchise with Fastest Labs, you'll need to have at least $50000 in liquid capital and a minimum net worth of $200000. Fastest Labs charges a franchise fee of $49500. They also offer a discount for veterans.
Franchisor Details
Total Units: 70
Year Founded: 2008
Franchising Since: 2010
Home Office: San Antonio, TX
Training: Available
Locations Available: See Below*
Franchise Costs
Liquid Capital Required: $50,000
Net Worth Required: $200,000
Total Investment: $91,150 – $122,700
Franchise Fee: $49,500
Royalty Type: 7%
Vetern Discount: Yes
*Fastest Labs is currently accepting inquiries from the following locations: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District Of Columbia, Florida, Georgia, Idaho, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, West Virginia, Wyoming
Values & History
Fastest Lab is a brainchild of the Fas-Tes-Franchise system. It was established to provide excellent services in the drug testing industry. Our core objective is to make drug, DNA, and alcohol testing available and affordable to millions of people in the United States and beyond. At Fastest Lab, we owe our success to the trust we have built in the minds of our clients and franchise owners.
Industry Performance
Market & Competition
Fastest Lab was founded based on becoming a leader in the drug testing industry, and our unique business model has placed us far ahead of our competitors. We have successfully built a trusted and reliable brand that stands out among others in the drug testing industry.Training & Support
Training & Support
Fastest Lab drug testing franchise offers training to franchise owners. Prior knowledge or medical background is required. Training lasts for a period of one week, which is more than the training period for carrying out drugs, DNA, and alcohol test. After training, we also offer certifications to enable you to carry out these tests.
Fastest Lab also assists franchise owners in selecting the right location and educate them on the right marketing tools so they can be the best in the industry.
Ideal Candidate & Qualifications
Fastest Lab is seeking franchise owners who have outstanding sales skills, good customer service relationship, and a welcoming personality. The ideal candidate should have a liking for marketing and sales. Having a background in human resources may be an added advantage.
Purchasing a Fastest Labs
What Does it Cost?
Fastest Lab awards franchise to selected candidates and do not sell a franchise. We choose our franchise partners based on a transparent recruitment process, which includes paying a franchise fee of $49,500. The total cost of starting your own Fastest Lab franchise company falls between $91,1150 to $122,700, including the franchise fee.The drug testing industry has enjoyed massive growth over the years, and owning a business in such a fast-growing industry has a lot of benefits for franchise owners. This may be the opportunity you have long-awaited. The Fastest Lab franchise provides a shorter return on investment period for dedicated franchise owners when compared to other companies offering similar services. With the right approach, motivation, determination, and investment capital, it may not be difficult to be awarded the Fastest Lab franchise.
Royalties
At Fastest Labs, royalty fees are offered at competitive prices when compared to other business owners in the industry.Additional Start-Up Expenses: Franchise owners may incur additional start-up expenses such as equipment cost, training cost, insurance, legal fees, etc.
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