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Updated RecentlyMEDIchair vs Fastest Labs Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of MEDIchair 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 | $79,900 - $114,150 |
| Franchise Fee | $50,000 | $49,500 |
| Royalty Fee | 5% of annual gross sales | 7% |
| Advertising Fee | - | - |
| Year Founded | 1985 | 2000 |
| Year Franchised | - | 2010 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| 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 | -/- | -/Yes |
| Start-up Costs | -/- | -/Yes |
| Equipment | -/- | -/Yes |
| Inventory | -/- | -/Yes |
| Receivables | -/- | -/Yes |
| Payroll | -/- | -/Yes |
Training & Support |
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| 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 |
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| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About MEDIchair
MEDIchair, a LifeMark Health Management company, is North America's largest and fastest growing Home Medical Equipment (HME) franchise company with stores coast-to-coast across Canada. MEDIchair stores carry a comprehensive line of products including wheelchairs, scooters, lift chairs, bathroom safety products, home accessibility solutions and soft/disposable personal health care products such as incontinence supplies, wound care, compression and bracing. These specialty products are designed to enhance the quality of life for people experiencing disabilities, injuries, surgeries and aging. MEDIchair prides itself on providing caring, knowledgeable and highly trained consultants committed to finding the right home health care product solution for each customer.
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.