Hot Listing
Established Drug Testing Business for Sale – Three Prime Locations
Business Description
Steady Clients and Strong Growth Potential
Established Multiple locations Drug, Alcohol, and DNA Testing Business opportunity
Fastest Labs, a franchise that is ranked in the Top 50 Fastest Growing Franchises of 2024 by Entrepreneur.com. Fastest Labs of Bloomington/Coon Rapids/Chanhassen are an established and consistently ranking in the top 20 of Fastest Labs multiple locations nationwide.
This listing includes THREE fully operational Fastest Labs franchise locations, Bloomington (2019), Coon Rapids (2023) and Chanhassen (2024). The three locations are strategically located in the metro area to help companies no matter where they are located.
The current leases are secured until 2027, 2028 and 2029. To ensure a smooth transition, the owner will provide training for 4 weeks at 10 hours per week, equipping the new owner with all the tools and insights needed to thrive.
Overview:
This turnkey business offers comprehensive drug, alcohol, and DNA testing services to a wide range of clients, including corporations, small businesses, and individuals. As a brand, Fastest Labs has been around for a decade and has set the standard for quick, accurate, and affordable testing services.
Key Features:
• High customer satisfaction and retention
• Experienced, certified lab collectors
• Wide array of testing services for diverse client needs
• Strong brand presence in the Twin Cities area
• Bloomington was the first location in the state of Minnesota
Why Invest:
Don’t miss your chance to step into a thriving business in a growing market, where the demand for drug testing and DNA services continues to rise. Fastest Labs’ turnkey model, combined with its trusted reputation, offers an exceptional opportunity for entrepreneurs to succeed in a dynamic industry.
This is a rare opportunity to own a high-performing franchise with a proven track record of profitability in a prime market. Fastest Labs’ commitment to quality and customer service ensures continued success and growth potential.
Reason for Sale:
The current owner is working on another business opportunity that needs 100% of the time.
Additional Costs:
Franchise Transfer Fee: $10,000/per location (30K total)
Lease Transfer Fee: $800/per location
PLEASE CALL AFTER 4:15PM.
Fastest Labs, a franchise that is ranked in the Top 50 Fastest Growing Franchises of 2024 by Entrepreneur.com. Fastest Labs of Bloomington/Coon Rapids/Chanhassen are an established and consistently ranking in the top 20 of Fastest Labs multiple locations nationwide.
This listing includes THREE fully operational Fastest Labs franchise locations, Bloomington (2019), Coon Rapids (2023) and Chanhassen (2024). The three locations are strategically located in the metro area to help companies no matter where they are located.
The current leases are secured until 2027, 2028 and 2029. To ensure a smooth transition, the owner will provide training for 4 weeks at 10 hours per week, equipping the new owner with all the tools and insights needed to thrive.
Overview:
This turnkey business offers comprehensive drug, alcohol, and DNA testing services to a wide range of clients, including corporations, small businesses, and individuals. As a brand, Fastest Labs has been around for a decade and has set the standard for quick, accurate, and affordable testing services.
Key Features:
• High customer satisfaction and retention
• Experienced, certified lab collectors
• Wide array of testing services for diverse client needs
• Strong brand presence in the Twin Cities area
• Bloomington was the first location in the state of Minnesota
Why Invest:
Don’t miss your chance to step into a thriving business in a growing market, where the demand for drug testing and DNA services continues to rise. Fastest Labs’ turnkey model, combined with its trusted reputation, offers an exceptional opportunity for entrepreneurs to succeed in a dynamic industry.
This is a rare opportunity to own a high-performing franchise with a proven track record of profitability in a prime market. Fastest Labs’ commitment to quality and customer service ensures continued success and growth potential.
Reason for Sale:
The current owner is working on another business opportunity that needs 100% of the time.
Additional Costs:
Franchise Transfer Fee: $10,000/per location (30K total)
Lease Transfer Fee: $800/per location
PLEASE CALL AFTER 4:15PM.
About the Business
- Years in Operation
- 6
- Employees
- 3
- Franchise
- This business is an established franchise
- Facilities & Assets
- The sale price includes all of the assets in the three facilities. This includes security system and phones system. The inventory of cups and all the essentials.
The Coon Rapids location could be purchased separately if you are not interested in all three locations.
What is needed to buy: $100K liquid cash and net worth of $400K. - Market Outlook / Competition
- The drug testing market, now valued at $5.3 billion, is surging as companies adopt stricter testing protocols to ensure safety and compliance. Fastest Labs, with its fast and reliable solutions, is uniquely positioned in this high-demand, recession-resistant industry.
Fastest Labs seeks owners with strong sales, marketing, or business development experience, not necessarily medical backgrounds. - Opportunities for Growth
- This multiple location franchise has a prime opportunity to unlock growth through proactive sales efforts, targeting local small- to medium-sized companies. Positioned in the “Crossroads of America” near warehouses and distribution centers, this location is ideal for tapping into high-demand markets. With Fastest Labs’ robust sales system, an engaged owner can multiply revenue by actively pursuing new clients and building a solid, diversified client base.
Real Estate
- Owned or Leased
- Leased
About the Sale
- Seller Motivation
- The current owner is working on another business opportunity.
- Transition Support
- Franchisees receive (2) weeks of training before training in San Antonio for (1) one full week of hands-on training. Franchisor utilizes a combination of online university training, live web cam training and in person certifications. Owner will support 4 weeks of training.
- Financing Options
- Cash offers only.
Listing Info
- ID
- 2363440
- Listing Views
- 5001
Listing ID: 2363440 The information on this listing has been provided by either 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 and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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