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Updated RecentlyMacy's Vision Express vs Fastest Labs Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Macy's Vision Express vs Fastest Labs including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $350,000 - $685,000 | $79,900 - $114,150 |
| Franchise Fee | $15,000 | $49,500 |
| Royalty Fee | 7% | 7% |
| Advertising Fee | - | - |
| Year Founded | 1996 | 2000 |
| Year Franchised | 2002 | 2010 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/Yes |
| Start-up Costs | No/Yes | -/Yes |
| Equipment | No/Yes | -/Yes |
| Inventory | No/Yes | -/Yes |
| Receivables | No/Yes | -/Yes |
| Payroll | No/Yes | -/Yes |
Training & Support |
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| Training | Monthly support | Classroom Training: 35 hours |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| Operations |
75% of all franchisees own more than one unit Number of employees needed to run franchised unit: 8 - 15
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | Number of Employees Required to Run: 1 - 3 |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Macy's Vision Express
NO LONGER FRANCHISING
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.