Connect Hearing vs Fastest Labs Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Connect Hearing vs Fastest Labs including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Connect Hearing Franchise
Fastest Labs Franchise
Investment $35,000 - $85,000$79,900 - $114,150
Franchise Fee $15,000$49,500
Royalty Fee 8%7%
Advertising Fee 3%-
Year Founded -2000
Year Franchised -2010
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Connect Hearing Franchise
Fastest Labs Franchise
Experience --

Financing Options
 
Connect Hearing Franchise
Fastest Labs Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/Yes
Start-up Costs -/--/Yes
Equipment -/--/Yes
Inventory -/--/Yes
Receivables -/--/Yes
Payroll -/--/Yes

Training & Support
 
Connect Hearing Franchise
Fastest Labs Franchise
Training -Classroom Training: 35 hours
Support -Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform
Marketing -Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing
Operations -Number of Employees Required to Run: 1 - 3

Expansion Plans
 
Connect Hearing Franchise
Fastest Labs Franchise
US Expansion -Yes
Canada Expansion Yes-
International Expansion --

Company Overviews

About Connect Hearing

Connect Hearing is the largest network of registered audiologists and professional Hearing Instrument Practitioners in Canada. At Connect Hearing, we believe that every sound connects us to our world.
Since 1978, in communities across the country, we’ve helped more than 350,000 people stay connected to the sounds they enjoy most. We offer a full spectrum of hearing testing and solutions to meet our customers’ lifestyles and budgets. Our approach with our customers is warm, professional and straightforward.

About Fastest Labs

Fas-Tes Franchise Systems, LLC is currently one of the fastest-growing drug, alcohol, and DNA testing lab franchises in the industry. They are always looking to expand their team of dedicated franchisees throughout the nation, especially in Texas, the Great Plains area, and throughout the South and Southwest. 

The process to owning your own FastestLabs® franchise is easier than you may think! 

In fact, no medical experience is required to own and operate a drug, alcohol, and DNA testing facility and they provide you with all of the training materials, resources, and knowledge you need to get your franchise up and running.

Veteran Incentives  Territory size doubled