Drug, Alcohol, DNA Non-Medical Lab

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9 to 5 Business model with no weekends

Business Description

Fastest Labs offers drug, alcohol, DNA paternity, and background screening. They focus on SPEED and the customer experience. $1.5 billion growth industry. Fastest Labs will see clients within 5 minutes rather than a typical 1-hour wait at a medical facility, they send rapid test results immediately, rather than in 1 to 3 days and they can meet or beat competitor pricing. Low-cost start-up, high margins, 9-5 banker's hours and thorough franchisee training make a Fastest Labs drug testing franchise extremely appealing.

About the Business

Real Estate:
Leased
Building Sq. Ft.:
800
Rent:
$1,550.00 Per Month
Lease Expiration:
11/1/2027
Facilities:
This business is located in an 800 square foot office facility. The office is fully furnished & equipped in like new condition. The hard assets valued at $87,845. This includes existing accounts the franchise helps procure. Recurring model; very little inventory; no real-estate; VERY SCALABLE; low working capital; very low overhead. Average Only 2 employees are required for this business. Our services are used by state, local and federal government, agencies.
Market Outlook/
Competition:
The market is very limited. There are some very large providers but they miss the mark when it comes to customer service and the ability to get the employees tested and back to work quickly. The average time for the test is 5 to 10 minutes and never more than 30 minutes to get in and out. Employers are appreciative of the Fast Service because their employees are back to work quickly. Our business is the cleanest of the lab & drug testing facilities, we provide accurate results, usually within 24 hrs, we have the highest service ratings in the industry, a
Growth & Expansion:
Special offer is available to create a multi-territory opportunity.

The North Orlando territory is currently under a "Reservation to Purchase Option" until November 13, 2019.
This option allows the current franchise owner of the South Orlando territory to exercise their right to purchase the North Orlando territory. This "Reservation to Purchase Option" originally cost the current franchise owners $20,000.

As a special bonus to a qualified resale buyer, the franchise home office will grant a No Charge Six month extension on this option .
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About the Sale

Reason For Selling:
Seller has another expanding business that requires their full attention.
Training/Support:
Training is invaluable. Franchisees receive (2) two weeks of training before coming to their training facility in San Antonio for (1) one full week of hands-on training. They utilize a combination of online university training, live webcam training and in person certifications. There is approximately (3) three weeks of training.
Seller Financing:
Preferred Third Party lender (Fund My Franchise)

Listing Info

ID:
1449661
Ad Detail Views:
0
Asking Price:
$130,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
$18,051
included in asking price

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Business Listed by
Al Lesko

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U.S. Census Data for Brevard and Orange Counties, FL
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U.S. Community Survey Data for Brevard and Orange Counties, FL
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Source: American Community Survey (2010-2014), United States Census Bureau.

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