2008
210
$130,500
$59,500
$199,500
No
Fastest Labs is a sales and marketing company that just happens to be in the drug testing business
We require full time owner operators and are looking for those that are both experienced in and also enjoy sales and marketing. They should also be interested in a primarily BtoB business.
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 230 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.
We require full time owner operators and are looking for those that are both experienced in and also enjoy sales and marketing. They should also be interested in a primarily BtoB business.
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 HubSpot CRM. We provide customized proprietary incoming and outgoing sales guides developed in-house and also utilize Scorpion for local digital marketing, support, customized budget, strategy for SEO, Organic and PPC online marketing.
Year Established: 2008
Year First Franchised: 2010
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".
Training is invaluable, so there are no shortcuts at Fastest Labs. There is approximately 3 weeks of 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.
Owner's Daily Activities:
Ideal Candidate:
Minimum Net Worth: $400,000
Cash Investment (Liquid): $100,000
Item 7 Initial Investment Range: $130,500 - $199,500
Franchise Fee: $59,500
Average # of Employees: 1-3
Single Unit Gross Revenue: $575,975
Single Unit Adjusted Earnings: $262,931 (45.65%)
46% YOY Systemwide Gross Revenue Growth
Participation Type: Owner-Operator
Royalty Fee Structure: 7%
Veteran Discount: 10% off initial territory franchise fee
International Expansion Opportunities: No
Brand Fund: 2%
