Fastest Labs
The total investment to open a Fastest Labs franchise ranges from $100,000 to $200,000. The initial franchise fee is $39,500. Ongoing royalties are 7% plus a 2% advertising fee.
What is the Fastest Labs franchise?
Drug and alcohol testing is a major compliance requirement for employers across nearly every United States industry, yet arranging tests remains a time consuming administrative task. Traditional providers often send employees to hospital affiliated labs or large national testing chains, where they may face long waits, limited hours, complex paperwork, and a clinical setting. These limits affect employers testing new hires before their start dates, safety managers needing rapid post accident testing for DOT compliance, and HR directors overseeing random testing for hundreds of employees. The gap between urgent employer needs and slow service has created an opportunity for faster and more accessible testing.
Fastest Labs is a drug and alcohol testing franchise built around walk in service without appointments. Its centers are designed to test employees and return them to work in minutes rather than hours. The operating model includes a 15 minute service guarantee covering registration, specimen collection, and chain of custody documentation. Fastest Labs uses SAMHSA certified laboratories, follows DOT and non DOT protocols, and maintains chain of custody standards used by hospitals and national lab chains. Purpose built facilities, efficient check in, trained collection specialists, and a focused testing operation help reduce delays. Fastest Labs has grown to over 100 franchise locations across the United States.
Demand comes from federal and state requirements for safety sensitive positions, employer drug free workplace policies, and industries that require testing for employment. The Department of Transportation requires testing for over 12 million safety sensitive workers in trucking, aviation, maritime, transit, and pipeline operations. Millions of other employers use voluntary testing for risk management, insurance compliance, and workplace safety. Services include pre employment, random, post accident, reasonable suspicion, return to duty, and follow up testing. Fastest Labs serves each category, with particular strength in pre employment and post accident testing, where speed matters most. The market continues to grow as testing becomes more common, new substances require testing protocols, and employers in states with legalized recreational marijuana continue testing for other controlled substances and impairment in safety sensitive roles.
The Fastest Labs initial investment is approximately $100,000 to $200,000. This covers the franchise fee, center buildout, equipment, technology systems, initial marketing, and working capital. Centers typically occupy 800 to 1,200 square feet in accessible commercial locations with visibility and parking for walk in traffic. Franchisees pay an ongoing royalty on gross revenue and contribute to a marketing fund. Revenue comes from employer testing fees charged per test, with pricing competitive with or below hospital and national lab chain rates. Services include urine drug testing, hair follicle testing, oral fluid testing, breath alcohol testing, DNA and paternity testing, and background checks. The business serves employers rather than individual consumers, and employer accounts can generate recurring testing volume from new hires, random selections, and incident driven tests.
Fastest Labs has more than 100 locations across the United States, giving the brand a growing national presence with national employer accounts and Third Party Administrators that manage programs for large, multi location companies. Each franchise territory includes exclusive rights within a defined area. Corporate support covers site selection, center design, equipment procurement, and launch activities. The company maintains relationships with major Third Party Administrators, national employer accounts, and testing industry partners that can provide referrals and testing volume. Marketing support includes digital advertising for HR professionals and safety managers, local B2B strategies, employer sales tools, and brand awareness campaigns aimed at employers seeking walk in testing services.
Training covers specimen collection, chain of custody documentation, DOT and non DOT protocols, SAMHSA laboratory standards, equipment operation, employer account sales and management, and business administration. Collection training is essential because proper procedures and documentation support legally defensible results. Errors can invalidate results and expose employers to legal liability. Ongoing support includes regulatory updates, marketing campaigns, operational coaching, and access to the franchise community for sharing best practices.
The ideal Fastest Labs owner is a business minded professional who enjoys building B2B relationships and helping local employers address compliance and safety needs. Experience in drug testing, healthcare, or HR is useful but not required. Candidates should be comfortable with sales and relationship building, attentive to testing protocols, and motivated to build employer accounts that produce recurring revenue. Franchise owners come from HR, healthcare, military, law enforcement, and B2B sales backgrounds.
PeerSense tracks Fastest Labs performance data, including SBA lending activity, unit growth trends, investment benchmarks, and competitive positioning in business services. With a Loan Activity Score of 75 out of 100, Fastest Labs shows solid lending confidence and strong growth momentum. PeerSense provides franchise financing information, SBA loan data, and introductions to lending partners.
Loan Activity Score
75/100
SBA Default Rate
2.7%
Active Lenders
19
According to its Franchise Disclosure Document or public business records, Fastest Labs has 31 locations, all owned by franchisees. Public SBA loan records show 19 lenders made 37 loans to franchisees of Fastest Labs. PeerSense calculates Fastest Labs's score as 75 out of 100, using public SBA loan performance and recent lending activity. Cost figures are based on the 2025 Franchise Disclosure Document.
Franchising since 2017 · 31 locations
$100,000 to $200,000
$39,500
31
31 franchised
Proprietary PeerSense metric
StrongDistinct lenders in public SBA records for Fastest Labs
37
Total SBA loans
$151K
Average loan size
Source: public SBA 7(a) and 504 loan records through December 31, 2025
Referral fee at closing
SBA Lending Activity for Fastest Labs
Loan Activity Score Breakdown
Established (25 to 99 loans)
Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.
Blended default rate (recent + all time) compared to NAICS sector peers.
Quality lenders actively backing this brand, with penalty for lender pullback.
FDD availability, Item 19 disclosure, and overall data completeness.
Geographic spread of SBA funded locations across states.
SBA Lending Performance
SBA Default Rate
2.7%
vs 3.2% peer avg
SBA Loans
37
Total Volume
$5.6M
Active Lenders
19
6 selective
States
16
vs. SBA Sector Average
SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors
Key Highlights
Franchise Financing Resources
Data Insights
Key performance metrics for Fastest Labs based on SBA lending data
SBA Default Rate
2.7%
0.5% below peer avg
SBA Loan Volume
37 loans
Across 19 lenders
Lender Diversity
19 lenders
Avg 1.9 loans per lender
Investment Tier
Mid range investment
$100,000 to $200,000 total
Fastest Labs: Deep SBA Data
Brand specific metrics derived directly from SBA 7(a) approval records: peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.
Peak SBA Year
2021
7 approvals. The best year on record for Fastest Labs.
Top SBA State
Texas
8 SBA financed Fastest Labs locations, the densest operator footprint.
Average Loan Size
$151K
Median $150K. Use as a sizing anchor when modeling your own Fastest Labs unit.
Lender Concentration
47.1%
Concentrated
Share of Fastest Labs approvals captured by the top 3 SBA lenders.
Fastest Labs's SBA lending pipeline peaked in 2021 (7 approvals). The last five fiscal years account for 73% of cumulative volume ($4.4M approved). Operator density is highest in Texas with 8 SBA financed locations. Average funded ticket sits at $151K, with the median at $150K. Lender mix is concentrated: the top three SBA lenders account for 47.1% of approvals. Credit decisions concentrate with a small group of incumbents.
Payment Estimator
Estimated Monthly Payment
$1,035
Principal & Interest only
Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.
Locations
Fastest Labs, unit breakdown
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Page Review
Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense
- PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
- Edward L. Freeman founded PeerSense in January 2020.
- He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
- His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
- In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page
Last reviewed LinkedIn profileAbout Edward Freeman