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Drug Testing Franchise | North OKC/Edmond

Oklahoma City, OK
Inside
Inside
Asking Price:$100,000
Inventory:$3,500
FF&E:$14,500
Gross Revenue:$86,000
Rent:$1,600/Month
Established Year:2022
Listing ID: 2281033Listing provided by BizBuySell
BUSINESS DESCRIPTION

Drug Testing Franchise

This North OKC/Edmond store location is fully operational, and fully staffed with highly-trained, dependable employees who run daily operations independently. This allows the new owner to focus on sales, marketing, and growth; allowing the new owner to work 'on' the business rather than 'in' it. Take advantage of this chance to build on a proven foundation with a brand that’s known for accuracy, efficiency, and customer service. When buying a business you want one that has a good reputation. You can see for yourself in all the hundreds of 5-Star Google reviews that this store isn't just 'good'.

Explanation of Fees and Payments: Seller purchase price of $100k includes ALL of the following:
1) North OKC/Edmond territory (it is a larger-than-normal territory size. Cost of territory alone is $80,000)
2) FF&E ($14,500+ value)
3) Inventory $3,500
4) Any Franchisor transfer fees ($10,000 value) - included in sales price!
5) Customer contracts
6) This location we had specifically install an electric sink/water cutoff switch specifically designed for UA drug testing. Cost was over $3,000

Current owner is absentee owner, where employees operate the day-to-day operations. The next owner can operate in this capacity, or decide to be owner-operator and run store themselves as an owner-operator.

ATTACHED DOCUMENTS
pics.pdf.pdf Download
OKC Territories.pdf.pdf Download
DETAILED INFORMATION
Location
Oklahoma City, OK
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,200
Lease Expiration
31/05/2025
Employees
1
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
North OKC location: 1200 sq/ft expires 5/31/2025 with options to renew. Includes one restroom with electric sink/water cutoff switch specifically designed for UA drug testing. This location also has 2 dry testing/collection stations. Lease expires 5/31/25 @ $1600/mo.
Competition
The drug testing industry is projected to grow steeply and steadily due to 1) employer/workplace policies surround THC usage and 2) with employers' insurance premiums sharply increasing, employers are looking to prevent reportable incidents. Thus demand is driven by increasing workplace testing, drug-free policies, and expanding regulations. Fastest Labs stands out by offering specialized knowledge and technology, ensuring faster results and greater accuracy.
Growth & Expansion
This store, and franchise as a whole, literally has hundreds of 5 star Google reviews. With this reputation, you are investing in a brand that truly excels operationally to where you can build expansion and growth!
Support & Training
This franchise model is tremendous in this area. A) The current owner will stay available for a negotiated period to aid in the transition. B) Fastest Labs Corporate has a dedicated team to answering/finding answers to ongoing questions C) Vendor partners you can confide in. D) Franchisees are extremely knowledgeable and always willing to help one another
Reason for Selling
This business is priced to sell quickly due to seller needing capital
Franchise
This business is an established franchise
BUSINESS LOCATION
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Joel Herdzina
Phone Number
Joel Herdzina
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