KEY FRANCHISE STATS
All you need to know about this franchise in a snapshot
Fastest Labs stands out as a prominent franchise in the drug, alcohol, and DNA testing industry, known for its impressive growth and extensive franchise network. Headquartered in San Antonio, Texas, under Fas-Tes Franchise Systems, LLC, the company has been expanding significantly, particularly in Texas, the Great Plains, and across the South and Southwest regions.
The success of Fastest Labs is built on a robust business model that doesn’t require medical experience from its franchisees. They offer comprehensive training, resources, and continuous support to ensure the prosperity of each franchise location. The brand’s expansion has been particularly dynamic, with numerous franchise agreements signed, including entry into new states.
For those looking to become part of the Fastest Labs franchise network, the process is designed to be simple and straightforward. It covers everything from the initial investment to in-depth training and continuous support, enabling franchisees to grow both professionally and personally.
Fastest Labs sets itself apart with its low startup costs, high gross margins, and strong support system aimed at achieving substantial sales growth. They leverage technology and innovative sales and marketing strategies to help franchisees expand their customer base effectively.
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
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Initial Training Program
Before launching the franchise, the franchisor offers an Initial Training Program for the franchisee or an approved principal and any designated manager of the business. This training, conducted at a specified location and time, typically lasts about one week but can extend up to ten days if needed.
The program encompasses key areas such as operations, pricing, drug testing, marketing, sales, computer hardware and software, start-up strategies, and other crucial aspects of running the business. Franchisees are responsible for their own travel and living expenses, as well as those of their employees, during this training period.
Ongoing and Supplemental Training
Once the franchise business is operational, the franchisor provides ongoing training for any new managers upon the franchisee's request, with reasonable limits on frequency and timing. Additional training sessions may incur a fee, including a daily charge of $500 plus travel and lodging expenses for the franchisor's trainers.
Franchisees, principals, and designated managers may be required to attend supplemental training programs during the franchise term, held at a time and location designated by the franchisor.
Employee Hiring and Training
The franchisee is solely responsible for hiring all employees for the franchise business, managing their employment terms, supervision, compensation, and training. It is also the franchisee's responsibility to ensure compliance with all federal, state, and local laws, including minimum wage and overtime requirements.
The franchisor ensures territory protection for its franchisees by granting them the right to operate a Fastest Labs business within a defined geographic area, referred to as the "Territory."
Franchisees are restricted from soliciting or providing services to customers outside their designated Territory. This includes avoiding service provision if the customer's billing zip code is within another franchisee's Territory, unless explicitly authorized by the franchisor in writing or as specified in the Franchise Brand Standards Manual.
The franchisor maintains certain rights, such as the ability to operate or permit others to operate a Fastest Labs business outside a franchisee's Territory. However, within the franchisee's designated Territory, the franchisor agrees not to establish or authorize any other person or entity, apart from the franchisee, to operate a franchised business for the duration of the franchise agreement.
