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Fastest Labs Drug Testing - Franchise
Quick Summary
The Jimmy John's of lab testing, this franchise brand is disrupting the industry with one of the lowest breakeven points for a brick-and-mortar we’ve ever seen. Plus they’re the first and only non-medical drug, alcohol, and DNA testing franchise in the US!
*Please contact "Fastest Labs Drug Testing" to confirm the accuracy of any information provided on this page.
Fastest Labs Drug Testing
Business Cost, Fees & Facts for 2023
| Minimum Cash Required | $50,000 | |
| Total Investment | $91,150 - $122,700 | |
| Franchise Fee | $49,500 |
Available In These States:
We are currently accepting inquiries in ALL States
- Overview
Overview
Fastest Labs Drug Testing - Franchise
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. They are already the number one fastest-growing drug testing franchise in this industry, with over 70 physical franchise locations and thousands of drug tests conducted each year.
Fastest Labs sees clients within 5 minutes rather than a typical 1-hour wait at a medical facility. LabFusion, their 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. Franchisees are able to find simple, small, class b real estate and can be open in as little as 2-4 months.
Top 5 Selling Points
- Proprietary LabFusion drug testing software provides immediate encrypted test results via email and stores them in a powerful, secure client portal.
- A ‘Unicorn’ Business Model: Low investment, B2B, minimal real estate, 1-2 employees, recurring revenue, and high-profit margins.
- Innovative technology for growing sales, client prospecting and a customized CRM lead flow.
- World-class franchisee support, training, and coaching along with custom programs to develop strong franchisee knowledge and relationships.
- Fastest growing drug testing franchise - #1 in category according to 2022 Franchise 500 ranking in Entrepreneur Magazine - #1 in category for Best of the Best in Entrepreneur Magazine 2022.
Competitive Advantages
- Completely non-medical and no HIPPA requirements means zero medical liability and zero medical staff
- Strategic buying power with national vendor partnerships allow franchisees to have access to low prices on testing supplies and laboratory-related services
- Extremely low overhead expenses giving franchisees the ability to be competitive with their pricing and services and breakeven faster
- Proprietary drug testing technology solution allows them to be an industry disrupter
- Redesigned the business model of Drug and Alcohol testing by staying out of anything related to medical testing, which means lower operating costs lower than competitors no licensed medical professionals on staff
- They offer clean and inviting clinics with world-class customer service that is uncommon in this industry
- Short lobby wait times and no appointment necessary gives the customer a better experience
- Rapid test results are reported immediately upon completion of the test rather than hours or days later
Investment Requirements
- Investment Range: $91,150 - $122,700
- Minimum Liquid Capital: $50,000
- Net Worth: $200,000
Ideal Franchise Candidate
Fastest Labs is looking for franchise partners who have outgoing personalities, great customer service skills, and enjoy sales and marketing. They are a sales a marketing company that happens to do drug testing. Fastest Labs owners are not required to have any medical background, medical license, or drug testing experience.
Traits of the perfect candidate:
- Good People Skills
- Enjoys Networking
- Strong Oral & Written Communicator
- Sales & Marketing Background
- Ability & Willingness to Sell Services
- Driven to Achieve Goals
- Customer Service Oriented
- Passion for Our Business
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