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
Building Sq. Ft.:
$1,550.00 Per Month
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.
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 .
Seller has another expanding business that requires their full attention.
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.
Preferred Third Party lender (Fund My Franchise)
Ad Detail Views:
Asking Price: $130,000 Gross Revenue: Not DisclosedCash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed included in asking priceFF&E: $18,051 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
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