Fastest Labs Claimed
Fastest Labs Franchise For Sale
Fastest Labs is 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. Fastest Labs is already the number one fastest growing drug testing franchise in this industry, with over 200 physical franchise locations and thousands of drug tests conducted each year. We see clients within 5 minutes rather than a typical 1 hour wait at a medical facility. LabFusion, our proprietary drug testing technology, reads and immediately reports a client’s drug test results in a confidential portal (rather than 1-3 days) enabling Fastest Labs to be an industry disrupter. We offer a Clean, Fast, and Affordable testing experience with the professionalism and comfort of dealing with a nationally branded entity that is locally owned and operated.
Low start-up costs, high margins, 9-5 banker’s hours, minimal staffing and square footage requirements, and thorough Franchisee training make a FastestLabs drug testing franchise extremely appealing.
Having started franchising in October 2010, Fastest Labs is now servicing over 100 markets in over 24 states. We are a franchise company built by Franchisees, for Franchisees. Our Founders, Dave and LeDona Clafin, have over 28 years of experience as franchise owners of two other service based franchise businesses. They understand what it is like to be a Franchisee from a startup owner operator to a Franchisor. This is a unique strength that few Franchisors have as a skill set.
Fastest Labs has a proven client acquisition system utilizing Zoom Info and Engage CRM. We provide customized proprietary incoming and outgoing sales guides developed in-house and also utilize Scorpion for local digital marketing, provides support, customized budget, strategy for SEO, Organic and PPC online marketing. Franhcisees are assigned a Scorpion representative and are required to spend $1,500 per month for their first 12 months of advertising to kick off their digital campaign, to acquire customers. Fanchisess must pay a total of $18,000 when you sign the franchise agreement. We have relationships with national laboratories such as CRL, Quest, DNA Diagnostics, DNA Solutions, Alere and many more developed by the franchisor. This offers us group buying power that provides a lower cost of goods on high-quality testing kits, branded materials and lab related services necessary for this industry.
Summary:
- First & Only Non-Medical Drug, Alcohol & DNA Testing Franchise in the United States
- No HIPPA requirements. No Medical Director. No medical liability.
- Proprietary & Industry Disruptive Drug Testing Technology & FAST Processes
- B2B & B2C rapid services that drive recurring revenue and a positive customer experience
- Simple Business Model with Low Operating Cost. FAST Path to Profitability
- Small Real Estate Footprint. Minimal overhead. 1-2 Employees. M-F 9-5 banker’s hours.
- World-Class Franchisor Systems, Lead Gen Program & National Vendor Partnerships
- Values-based, Franchisee-focused organization built by experienced Franchisees
- Rare ~$100K Brick & Mortar Investment & Scalable Earnings Opportunity
- Multi-unit ownership unicorn. High profit margins.
Franchise Background
Number of Franchise Units Currently Operating: 210
Number of Corporate Owned Franchises: 1
Founders, Dave and LeDona Claflin, opened the first company-owned clinic in 2008 and began franchising in 2010. Their background is in the franchise service sector with 28 years of experience in two other service franchise businesses. In 1994, they started as Merry Maids Franchisees and owner-operated that business for 13 years. In 2005, they became Worldwide Express Franchisees and owner-operated that business for 10 years. They understand what it is like to be a Franchisee from a startup owner-operator to a franchisor. This is a unique strength that few franchisors have as a skill set. Fastest Labs has expanded nationwide and continues with the same mantra that has fueled their growth by offering "Clean, Fast and Affordable Drug Testing".
Financial Terms
Minimum Net Worth: $400,000
Franchise Fee: $59,500
Average # of Employees: 1-3
Registered in Non-Registration States, CA, IL, IN, MD, MI, MN, ND, RI, SD, WA, & WI
Single Unit Gross Revenue: $575,975
Single Unit Adjusted Earnings: $262,931 (45.65%)
37.8% YOY Systemwide Gross Revenue Growth 2022 - 2023
Average Weekly Tests: 207
Average Ticket: $57
Participation Type: Owner-Operator
Royalty Fee Structure: 7%
Veteran Discount: 10% off initial territory franchise fee
International Expansion Opportunities: No Brand Fund: 2%
Support & Training
2 weeks of pre-training before coming to San Antonio. We utilize a combination of online university training, live web cam training and in person certifications.
1 full week of hands-on training at our home office in San Antonio, TX. All training, operations manuals, sales and marketing training, day to day operational training.
ALL certifications are included as part of the franchise fee. In addition, the hotel suite, lunches, graduation dinner and daily transportation during training week are included and provided so that you can focus on training for your new business.
Ideal Candidate
Strong oral and written communicator.
Sales and marketing background.
Ability and willingness to sell services.
Driven to achieve goals.
Customer service-oriented.
Passion for the business.
FULL TIME OWNER OPERATOR
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