Fastest Labs Franchise FDD, Profits & Costs (2025)
Fastest Labs has emerged as a leading franchise in the fields of drug, alcohol, and DNA testing laboratories, showcasing remarkable growth and a wide-reaching franchise network.
Operating as Fas-Tes Franchise Systems, LLC and headquartered in San Antonio, Texas, since its inception in 2008 and franchising since 2010, the company has been aggressively expanding its presence, notably in Texas, the Great Plains, and across the Southern and Southwestern regions.
The organization has left a significant imprint with its accessible business framework, which is designed to be viable without requiring franchisees to have a background in medicine.
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Initial Investment
How much does it cost to start a Fastest Labs franchise? It costs on average between $110,000 – $133,000 to start a Fastest Labs franchised business.
This includes costs for construction, equipment, inventory, and initial operating expenses. The exact amount depends on various factors, including the type of facility you choose, the location, and whether the franchisee chooses to lease or purchase the property.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $59,500 |
| Airfare and Living Expenses While Training | $750 to $1,500 |
| Lease and Utility/Security Deposits | $1,500 to $3,500 |
| Exterior Signage and Installation | $5,000 to $9,000 |
| Office Equipment | $2,500 to $4,000 |
| Initial Testing Equipment | $3,100 to $3,700 |
| Insurance and Miscellaneous Opening Expenses | $1,800 to $2,800 |
| Computer Hardware and Software | $6,000 to $7,200 |
| Start-Up Kit and Uniforms | $1,000 to $1,500 |
| Additional Funds (3 months) | $20,000 to $40,000 |
| Total | $101,150 to $132,700 |
Average Revenue (AUV)
How much revenue can you make with a Fastest Labs franchise? A Fastest Labs franchised business makes on average $203,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $446,000 yearly revenue for similar testing franchises. Below are 10 Fastest Labs competitors as a comparison:
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We have compiled the list of the top 400 franchises across 9 industries. Download the report below.
Fastest Labs Franchise Disclosure Document
Frequently Asked Questions
How many Fastest Labs locations are there?
Fastest Labs currently has 210 franchise-owned locations and 1 company-owned location, totaling 211 units. This rapid expansion reflects the company’s emphasis on low-cost startup models and high margins within the drug, alcohol, and DNA testing industry.
What is the total investment required to open a Fastest Labs franchise?
The total investment required to open a Fastest Labs franchise ranges from $110,000 to $133,000.
What are the ongoing fees for a Fastest Labs franchise?
For a Fastest Labs franchise, the ongoing fees include a royalty fee of 7% of gross sales. Additionally, there is a marketing fee that contributes to the brand fund, typically set at 3.5% of gross sales.
These fees are in place to support the franchisor’s ongoing efforts in system-wide support, brand marketing, and operational resources, helping franchisees maintain their business growth and brand consistency.
What are the financial requirements to become a Fastest Labs franchisee?
To become a Fastest Labs franchisee, the financial requirements include a minimum net worth of $400,000 and liquid capital of at least $100,000.
These financial thresholds are set to ensure that potential franchisees have the necessary resources to invest in the franchise, cover initial startup costs, and support business operations as they work toward profitability.
How much can a Fastest Labs franchise owner expect to earn?
The average gross sales for a Fastest Labs franchise are approximately $0.2 million per location. Assuming a 15% operating profit margin, $0.2 million yearly revenue can result in $30,000 EBITDA annually.
Who owns Fastest Labs?
Fastest Labs is owned by Fas-Tes Franchise Systems, LLC. The founders, Dave and LeDona Claflin, opened the first company-owned clinic in 2008 and began franchising the brand in 2010.
Disclaimer
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