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Downloadables
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Two-Minute Drill
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Vetrepreneur Franchisor & Veteran Franchisee Interview
Fastest Labs
Employment & Personnel • Health, Beauty & Nutrition • Miscellaneous & Unique • Non Food Franchises
FastestLabs® offers drug, alcohol, DNA paternity and background screening. We focus on SPEED and the customer experience. $1.5 billion growth industry. FastestLabs® will see clients within 5 minutes rather than a typical 1 hour wait at a medical facility, we send rapid test results immediately, rather than in 1 to 3 days and we can meet or beat competitor pricing. Low cost start up, high margins, 9-5 banker’s hours and thorough franchisee training make a FastestLabs® drug testing franchise extremely appealing.
Company Details
Year Established: 2008
Year First Franchised: 2010
Number of Franchise Units Currently Operating: 70
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.”
What does a Fastest Labs Franchise Cost?
Fastest Labs franchise fees for 2023:
Cash Investment (Liquid): $50,000
Item 7 Initial Investment Range: $91,150 – $122,700
Minimum Net Worth: $200,000
Franchise Fee: $49,500
Average # of Employees: 1-3
Registered in Non-Registration States, IN, MI, MN, ND, RI, SD & WI
Item 19 Overview:
Single Unit Gross Revenue: $584,659
Single Unit Adjusted Earnings: $202,689 (34%)
56% YOY Systemwide Gross Revenue Growth 2020 – 2021
Average Weekly Tests: 207
Average Ticket: $57
Participation Type:
Owner-Operator & Semi-Absentee options
Royalty Fee Structure: 7%
Veteran Discount: 10% off initial territory franchise fee
International Expansion Opportunities: No
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