About Fastest Labs Franchise
Fastest Labs is a drug, alcohol, and DNA testing franchise that has been offering franchise opportunities since 2010.
The brand serves employers, individuals, courts, and government agencies with fast, accurate testing services at convenient walk in locations.
The franchise fee is $49,500.
Fastest Labs Franchise Cost & Fees
Minimum Investment
$91K
Average Investment
$107K
Maximum Investment
$123K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $49,500 | One-time payment upon signing |
| Royalty Fee | Greater of 7% of Gross Revenue or $500 per month of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | Up to 2% of monthly Gross Revenue | National brand fund |
| Total Investment Range | $91,150 – $122,700 | Includes build-out, inventory, working capital |
The investment range of $91K–$123K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (Greater of 7% of Gross Revenue or $500 per month) and marketing fee (Up to 2% of monthly Gross Revenue) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $49,500 | $49,500 |
| Airfare and Living Expenses While Training | $750 | $1,500 |
| Lease and Utility/Security Deposits | $1,500 | $3,500 |
| Exterior Signage and Installation | $5,000 | $9,000 |
| Office Equipment | $2,500 | $4,000 |
| Initial Testing Equipment | $3,100 | $3,700 |
| Insurance and Miscellaneous Opening Expenses | $1,800 | $2,800 |
| Computer Hardware and Software | $6,000 | $7,200 |
| Start-Up Kit and Uniforms | $1,000 | $1,500 |
| Additional Funds (3 months) | $20,000 | $40,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $10,000 |
| Renewal Fee | $10,000 |
| Technology Fee | Then-current monthly fee, currently estimated to be $200 per month (not currently assessed) |
| Audit Fee | Cost of audit, including travel expenses, plus interest on amount of any underpayment |
| Local and Regional Advertising Cooperatives | Up to 2% of Gross Revenues |
| Initial Training Fee (additional person) | $1,500 per additional person plus $1,000 for each additional hotel room |
| Supplemental Training at Your Facility | $500 per day, per trainer, plus expenses of the training staff |
| Lab Management Software Fee | Then-current monthly fee, currently $109 per month for one tablet. You will pay $10 per month for each additional tablet. |
| Payment Service Fees | Up to 3% of total charge |
| Interest Fee | The greater of prime plus 3% or 12%, but not more than the maximum allowed by law |
| Insurance Fee | Reimbursement of our costs, plus a $500 administration charge |
| Relocation Fee | Our costs |
| Convention Fee | The then-current fee (currently estimated to be $199 to $499 per person) |
| Internet Marketing: Search Engine Optimization and Keywords | $1,000 per month for your first six months in operation and beginning in the seventh month of operation, you must spend a minimum of $300 per month. If you do not meet our Performance Standard (as defined in item 12), we will require you to spend $1,000 per month. |
| Indemnification | Will vary under circumstances |
| Non-Sufficient Funds Fee | $100 per occurrence |
| Management Fee | $500 per day, plus costs and expenses |
| Professional Fees and Expenses | Will vary under circumstances |
| Customer Issue Resolution | Varies; reasonable costs we incur for responding to a customer complaint, which will typically be between $20 and $100 |
| Broker Fees | Our actual cost of the brokerage commissions, finder’s fees, or similar charges |
| Enforcement Costs | Our actual expenses in enforcing a Confidentiality Agreement or System Protection Agreement |
| Late Payment (Deposit Agreement) | $2,500 |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | Approximately one week, up to ten days if required by Franchisor. |
| Classroom Training | 52.5 |
| On-the-Job Training | 5 |
| Training Location | San Antonio, Texas, or another designated location |
| Additional Training | Franchisor may require or franchisees may request additional training. Franchisees pay $500 per day plus expenses for training staff. Franchisees must also attend annual regional and national meetings, paying a convention fee (estimated $199-$499 per person) plus travel and living expenses. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Non-exclusive for physical presence, exclusive for administrative service based on billing zip code for single unit; exclusive for development for Area Developers. |
| Exclusive Territory | No |
| Territory Size | Up to 8,500 businesses for a single FT Business. |
| Description | A defined geographic area based on zip codes, consumer demographics, geographical area, city, county, and other boundaries. For a single FT Business, the territory contains up to 8,500 businesses. For Area Developers, the Development Area is exclusive for the development of FT Businesses during the term of the Area Development Agreement, with size depending on the number of FT Businesses to be developed, demographics, and population density. Franchisor retains rights to operate or franchise outside the territory, sell products/services through other channels, and compete in various ways, including acquiring similar businesses. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10 years |
| Renewal Term | A term equal to the then customary initial term granted under the then-current Franchise Agreement. |
| Renewal Fee | $10,000 |
| Renewal Conditions | Subject to franchisor's discretionary approval, franchisee must be in good standing, comply with current specifications and standards for new businesses, provide timely written notice, pay the renewal fee, execute the then-current franchise agreement and ancillary agreements (including releases), satisfy all monetary obligations, have the right to remain in possession of premises or obtain approval for a new site, and upgrade/remodel premises to current standards. Terms and conditions of the new agreement may differ materially, including changes to territory rights, performance standards, and fees. |
| Transfer Fee | $10,000 |
| Transfer Conditions | Franchisor's approval is required and will not be unreasonably withheld if franchisee and principals are in full compliance. Conditions include: all monetary and other obligations satisfied, no defaults, execution of a general release (if allowed by law), transferee background investigation, transferee agreement to assume obligations or sign a new franchise agreement (without initial fee), transferee's spouse/shareholders/partners/members/investors guarantee performance, transferee renovates/upgrades business to current standards, franchisee remains liable for pre-transfer obligations, transferee/personnel complete training, franchisor approves material terms of transfer, franchisee/principals execute non-competition covenants, and franchisee subordinates rights against transferee to franchisor's rights. |
| Termination for Cause | Franchisor may terminate for material default, including but not limited to: failure to obtain lawful possession of an approved location, failure to develop/open the business, failure to complete initial training, failure to attend supplemental training, unauthorized use/disclosure of confidential information, failure to timely pay fees (royalty, advertising, interest, purchases), failure to comply with Performance Standard, failure to timely pay trade accounts, violation of covenants, engaging in behavior that harms the brand, or failure to comply with anti-terrorism laws. Some defaults may be curable within 30 days of notice, but certain events (e.g., three or more separate material failures, felony conviction, immediate threat to public health/safety, unauthorized services/transfers, material misrepresentation) allow immediate termination without cure opportunity. |
| Non-Compete Period | During the term of the franchise and for two years after termination or expiration. |
| Non-Compete Details | During the term, franchisee and principals (and immediate family members) are prohibited from diverting customers, owning/operating/having financial interest in, advising, assisting, or making loans to any Competitive Business. Post-termination/expiration, for two years, franchisee and principals (and immediate family members) are prohibited from diverting customers, or owning/operating/having financial interest in any Competitive Business located within the granted territory or within a 25-mile radius of the former business or any existing/planned Fastest Labs business. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | The FT Business must be managed by the franchisee or a managing owner (if an entity) on a full-time basis, or by an approved Designated Manager. If a Designated Manager is appointed, the managing owner must still devote approximately 30 hours per week to overseeing operations. The managing owner or Designated Manager must not engage in other businesses or activities that conflict with full-time supervision. All employees, independent contractors, agents, or representatives with access to confidential information must sign confidentiality agreements. |
| Required Suppliers | Franchisees must purchase only approved brands, types, and models of equipment, signage, and supplies that meet franchisor specifications from designated approved suppliers. This includes brochures, business cards, stationery, office signage, company forms, computer software, hardware, specified marketing/promotional products, contract forms, professional cards, and testing equipment. |
| Supply Restrictions | Franchisor may designate itself, its affiliate, or a third party as an approved or sole approved supplier for certain products, services, or equipment. Franchisees may propose alternative suppliers, subject to franchisor approval based on compliance with specifications and criteria. |
| Franchisor Revenue from Suppliers | 1% to 20% of the purchase price of products and services purchased by franchisees from approved suppliers. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | Franchisor offers a Deposit Agreement allowing franchisees to pay a non-refundable deposit ($15,000 to $30,000) to reserve a territory or development area, with the balance of the Initial Franchise Fee or Development Fee due upon signing the Franchise Agreement. No direct or indirect financing is offered, and the franchisor does not guarantee notes, leases, or obligations. |
Fastest Labs Franchise Earnings — Item 19
Average Revenue
$204K
Median Revenue
$179K
Revenue Range
$108K – $390K
Sample Size
36 units
Past financial performance does not guarantee future results. Individual results will vary.
Fastest Labs Litigation & Risk Flags
Clean Litigation RecordFastest Labs has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Fastest Labs System Growth
Total Units
62
Franchised
61
Company-Owned
1
Fastest Labs currently operates 61 franchised locations and 1 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2019 | 9 | 0 | 42 |
| 2020 | 13 | 0 | 55 |
| 2021 | 7 | 0 | 62 |
Transfers: 4 | Closures: 0
State Registrations
Registered in 14 states: California, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Ohio, Rhode Island, South Dakota, Virginia, Washington, Wisconsin
Franchisor Financials (Item 21)
Revenue
$1.4M
Net Income
$266K
Total Assets
$757K
Audited by KEZOS & DUNLAVY Certified Public Accountants & Business Advisors for year ending December 31.
Fastest Labs Franchise — FAQ
The total investment to open a Fastest Labs franchise ranges from $91,150 to $122,700, per their Franchise Disclosure Document. This includes the initial franchise fee of $49,500. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Fastest Labs charges a royalty fee of Greater of 7% of Gross Revenue or $500 per month of gross sales, plus a Up to 2% of monthly Gross Revenue contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Fastest Labs Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Fastest Labs to ensure you have the most up-to-date version.
According to the Item 19 financial performance representation in their FDD, Fastest Labs franchise owners report average revenue of $204K and median revenue of $179K. This is based on a sample of 36 units. Past performance does not guarantee future results.
Fastest Labs has been franchising since 2010. The FDD shows an investment range of $91,150-$122,700, a Greater of 7% of Gross Revenue or $500 per month royalty, and includes an Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $49,500 and the total investment ranges from $91,150 to $122,700 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
Similar Business Services Franchises
Interested in Fastest Labs?
Get free info on this franchise. We will send you a detailed FDD report by email.
Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Fastest Labs and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Fastest Labs or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com