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Fastest Labs

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.

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Fastest Labs

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Fastest Labs Franchise Cost and Requirements for 2024

Background

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. FastestLabs® provides 1 week of training at our home office in San Antonio, TX. All necessary certifications, one on one sales instruction, internet and marketing strategies and business operations training occur during this exciting week. Prior to arrival, we provide additional online training modules, complete with instruction videos and tutorials that track your progress. Our home office offers ongoing coaching and technical support to help Fast Track the launch of your new business. We are looking for franchise partners who have outgoing personalities, great customer service skills and enjoy sales and marketing. You may be surprised to learn that FastestLabs® owners are not required to have any medical background, medical license or drug testing experience to perform our numerous testing services. That's because providing drug testing, alcohol screening, DNA paternity services and background checks are not medical services. FastestLabs® is looking for owner operators only.

Company Details

Year Established: 2008
Year First Franchised: 2010
Number of Franchise Units Currently Operating: 110
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".

Support and Training Offered By Fastest Labs

Training is invaluable, so there are no shortcuts at Fastest Labs. There is approximately 3 weeks of 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.

2024 Franchise Requirements Needed to Own a Fastest Labs Franchise.

What does a Fastest Labs Franchise Cost?

Fastest Labs franchise fees for 2024:

Cash Investment (Liquid): $100,000
Item 7 Initial Investment Range: $101,150 - $132,700 (Two territory minimum when applicable ($184,800 - $268,900)
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: $656,651
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 
Royalty Fee Structure: 7%
Veteran Discount: 10% off initial territory franchise fee
International Expansion Opportunities: No                                                                                    Brand Fund: 2% 

 

Is Fastest Labs a Semi Absentee Franchise with a Passive Ownership Opportunity?

Yes. Fastest Labs is a semi absentee franchise and allows passive ownership. A semi-absentee franchise is a business you could start and run while still maintaining a job or other obligation.

Is Fastest Labs a Home Based franchise?

No. Fastest Labs is not a home based franchise opportunity.

What Do Fastest Labs Franchise Owners Make?

Click here to find out how much Fastest Labs franchisees make. Fastest Labs offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is Fastest Labs a Master Franchise Opportunity?

No. Fastest Labs is not a master franchise opportunity.

Does Fastest Labs Offer a Veteran Discount?

Yes. Fastest Labs franchise does offer a veteran discount.

Does Fastest Labs Work with E2 Visa and EB-5 Visa Candidates?

No. Fastest Labs franchise does not work with E2 Visa and EB-5 Visa candidates.

Is Fastest Labs Looking for Franchisees in Canada?

No. Fastest Labs franchise is not looking for Canada franchisees.

Is Fastest Labs Looking for International franchisees?

No. Fastest Labs franchise is not looking for International franchisees.

Where can I see Fastest Labs's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Employment & Personnel, Health, Beauty & Nutrition, Miscellaneous & Unique, Non Food Franchises

Number of Units Open

50-100 UNITS

Cash Required

$100,000 - $250,000

Master Franchise

No

Passive Franchise

Yes

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

Yes

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

E2 Visa Franchise

No

Fastest Labs Franchise Reviews

Fastest Labs Franchises for Sale

Click Here to inquire about existing Fastest Labs franchises for sale. We may have Fastest Labs franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

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The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.

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