Fastest Labs Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$116,500 - $220,500
Franchise Fee
$44,000
Total US Locations
229
Business Summary
Fastest Labs businesses provide drug testing services for commercial businesses and consumers, focusing on regulatory compliance, employment compliance, safety, and personal purposes. Fastest Labs offers general drug testing, DNA/paternity testing, alcohol testing, random drug and alcohol testing, customized administrative services for drug and alcohol programs, physical testing, and background checks. Fastest Labs franchisees operate their businesses from an approved retail location.
Corporate History
Fas-Tes Franchise Systems, LLC, which operates as Fastest Labs, was formed as a Texas limited liability company on July 21, 2010, and began offering franchises for Fastest Labs businesses in October 2010. An affiliate, Enhouse America, LLC (EAI), has operated a similar business since August 2008, initially under the name LabWork NOW, but adopted the Fastest Labs name in September 2009.
Financial Overview
Investment Range
$116,500 - $220,500
Franchise Fee (Low)
$44,000
Franchise Fee (High)
$80,500
Royalty %
7%
Marketing %
2%
Equipment Costs (Low)
$17,000
Equipment Costs (High)
$45,500
Working Capital
$30,000
Audited Financials
Yes
Offers Financing
Yes
Audit Opinion
Unqualified opinion
Financial Health Notes
Fastest Labs was not in compliance with all covenants related to its long-term debt as of December 31, 2024. However, the company renegotiated the terms of the long-term debt in February 2025, which revised the covenants and extended the principal payment requirements, bringing Fastest Labs into compliance.
Financing Details
Fastest Labs offers limited financing solely through a Deposit Agreement, which allows franchisees to pay a portion of the Initial Franchise Fee or Development Fee upfront, typically ranging from $15,000 to $30,000. The remaining balance can be paid upon signing the Franchise Agreement or at a mutually agreed later date, without interest. If a payment is missed, a late fee of $2,500 is assessed, but there are no penalties for prepayments. If the franchisee decides not to proceed, the deposit is non-refundable, and the territory reservation is cancelled. Fastest Labs does not offer any other direct or indirect financing and does not guarantee notes, leases, or obligations.
Performance Metrics
Total US Locations
229
Franchised Units
228
Corporate Units
1
Franchising Since
2010
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
Fastest Labs has no litigation to report in Item 3 of the FDD, as no litigation is required to be disclosed in this section.
Bankruptcy History
Fastest Labs has no bankruptcy information to disclose in Item 4 of the FDD, as none is required to be disclosed.
Agreement Terms
Initial Term
10 years
Renewal Conditions
To renew, Fas-Tes franchisees must provide written notice at least 180 days before the Initial Term expires. They must be in substantial compliance with all material provisions of their Franchise Agreement and meet the then-current specifications and standards for new franchises. Franchisees will pay a $10,000 renewal fee and sign the then-current form of Franchise Agreement and any ancillary agreements, which may include different terms such as adjusted territory rights, increased Performance Standards, and higher fees. They must also execute a general release of claims against Fas-Tes and its affiliates, comply with current training and qualification requirements, and upgrade or remodel their business premises to meet current brand standards. Fas-Tes can refuse renewal if deficiencies are not curable or not cured within 60 days of notice.
Training & Support Program
Franchisor Assistance
Fastest Labs offers pre-opening assistance, including designating and approving the territory and business location, providing a pre-training checklist, and furnishing an initial inventory list. Fastest Labs provides an initial training program for up to two people, covering operations, pricing, drug testing, marketing, sales, computer systems, and start-up strategies, and pays for up to five nights of hotel accommodation for two attendees. Ongoing support includes access to the Brand Standards Manual, regular telephone and electronic communication, at least one on-site visit during the first six months of operation, and assistance with pricing. Fastest Labs may also conduct advertising campaigns, organize regional and national conferences, test new products and services, and develop proprietary software.
Initial Training Hours
57.5
Training Location
San Antonio, Texas
Ongoing Support
Fastest Labs provides ongoing support after the initial training program through regular telephone conferences and electronic communication. During the first six months of operation, Fastest Labs will conduct at least one on-site visit to the franchisee's office to offer operational support. Fastest Labs also provides access to a Brand Standards Manual, assists with establishing pricing, and may conduct periodic advertising, marketing, and public relations activities. Additional optional support includes periodic site visits with written reports, administration of a National Brand Fund, and holding national or regional conferences for franchisees.
Franchise Requirements
Ideal Candidate Profile
Fastest Labs seeks qualified individuals, or entities with a managing owner, who are committed to the full-time, day-to-day supervision of the business. The franchisee or managing owner, along with any designated manager, must successfully complete Fastest Labs' initial training program. Owners must remain actively involved in the business's management and supervision, including dedicating at least 20 hours per week to sales and business development activities. The ideal candidate must not engage in other businesses or activities that conflict with this significant time commitment.
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Retail