Bottom line
- Total investment $117K – $221K including a $60K franchise fee.
- Average unit revenue of $145K/year (median $105K). Estimated payback in 0.8 years.
- Rated STRONG with a risk score of 34/100. SBA loan default rate of 0.0% across 62 loans (below the industry average).
- System growing at 15050% CAGR over 3 years with 229 total units — strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Fastest Labs unit return on the cash you put in?
Unlevered ROIC · per unit
11%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Fastest Labs units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$231K
on $1.2M purchase
Total debt
$925K
SBA $0.6M + senior + seller note
Overview
About
Fastest Labs franchisees operate drug and alcohol testing facilities serving employers, law enforcement, healthcare providers, and individuals. Day-to-day operations include administering urine, hair, and oral fluid tests; maintaining compliance with DOT/SAMHSA regulations; managing lab certifications; handling collections; and providing results to clients via secure portals.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 16 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Fastest Labs presents moderate-to-caution risk: strong growth and no litigation are offset by high investment relative to returns, opaque royalty structures, and unverified financial claims lacking Item 19 substantiation.
Score breakdown · what drove the 34 / 100 rating
- 01MINORHigh upfront investment ($116.5k-$220.5k) relative to average net income ($203k) creates thin margin for error with 2-3 year payback minimum
- 02MEDMinimum royalty structure not disclosed — 'greater of 7% or minimum' with minimum amount unknown creates unpredictable cash flow risk
- 03MINOR26% YoY unit growth (229 units) is strong but may indicate recent scaling; longevity of growth model unproven
- 04MEDNo Item 19 financials disclosed despite average net income figures being provided — suggests data may be unaudited or from limited sample
- 05MINORBusiness model lacks detail in FDD summary; inability to assess service delivery repeatability and scalability
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
98 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Fastest Labs · FDD (2025) PDF