Any Lab Test Now Franchise – Costs, Fees & Earning Stats
Net Worth Requirement:
Units in Operation:
$133,900 - $217,900
Any Lab Test Now is a company that provides customers with direct access to medical lab testing and results. The company was founded in 1992 by Dr. David Perlow M.D. and is based in Georgia.
Any Lab Test Now offers a wide variety of tests, including bloodwork, DNA testing, drug and alcohol lab testing services, and more in a retail storefront business model.
In this article, we will take a close look at the Any Lab Test Now franchise, including the costs and fees associated with becoming a franchisee. We will also provide some insight into the earnings potential of this franchise opportunity.
Is Any Lab Test Now a franchise or chain?
Any Lab Test Now is a franchise. It started franchising in 2007 and has grown steadily since then.
Any Lab Test Now offers retail lab testing services that are convenient and affordable. It takes 15 minutes and the results are delivered as fast as 24 hours.
Franchisees benefit from the company’s vertical and proven business model.
How many Any Lab Test Now locations are there?
Any Lab Test Now is a nationwide franchise of lab testing centers that offer convenient and affordable direct access to lab testing and specimen collection services. There are over 200 Any Lab Test Now locations across the United States making it easy for customers to get the tests they need. The company offers a wide range of tests, and results are typically available within 24-48 hours.
Any Lab Test Now does not require a medical or healthcare background.
What the franchisor looks for in a franchisee is a variety of different traits and values. Some of the traits they look for are leaders who are proactive and have a growth/sales mindset, someone who is involved in their community, enjoys working hard to achieve success, and are enthusiastic about the health and wellness industry. Other valuable qualities include accountability, integrity, and being a team player.
How much does an Any Lab Test Now franchise cost?
The cost of an Any Lab Test Now franchise varies depending on a number of factors, including the size and location of the franchise. However, the average initial investment is between $133,900 – $227,900, which includes leasing and outfitting a retail space, signage, equipment, inventory, and working capital. It also covers the cost of initial training, which is conducted at our corporate office in Atlanta, Georgia.
Any Lab Test Now franchises are more affordable and accessible for entrepreneurs of all backgrounds. While the company doesn’t provide financing, they can introduce you to their funding partners which can help franchisees get their businesses up and running.
What is the Any Lab Test Now franchise fee?
The Any Lab Test Now franchise fee is $40,000. This is a one-time fee that covers the cost of the Any Lab Test Now name, logo, and exclusive rights to open and operate an Any Lab Test Now center in your desired territory. The Any Lab Test Now franchise offers a variety of medical testing services, including blood tests, DNA tests, and COVID-19 tests. Any Lab Test Now has been in business for over 30 years and supports multiple revenue streams.
In addition to the franchise fee, you will also need to have access to approximately $90,000 in liquid capital and have a net worth of $300,000.
Fees include an 8% royalty fee on gross sales and the possibility to collect a brand fund fee in the future, which can be as high as 3%.
After signing the franchise agreement there is both a comprehensive initial onboarding and a training program.
How much do Any Lab Test Now franchise owners make?
Any Lab Test Now is a popular franchise opportunity. These businesses offer a much-needed service – the ability to get routine lab tests done and get the results quickly. But how much do Any Lab Test Now franchise owners make?
The answer, unfortunately, is not as clear-cut as one might hope. While Any Lab Test Now franchises have the potential to be profitable, there are a number of factors that can impact earnings. For example, the location of the franchise, the amount of competition in the area, and the effectiveness of marketing all play a role in how much money an owner can expect to make.
The average gross revenue of the top 25% of 146 locations in 2019 was $517,506. The bottom average gross revenue of the bottom 25% was $124,748.
The average gross revenue of the top 25% of 160 locations in 2020 was $620,829. The average gross revenue of the bottom 25% was $136,339.
With a focus on providing convenient and affordable access to lab testing services, Any Lab Test Now is well positioned to continue its growth in the years ahead.
The Wolf’s Take 🍟
Any Lab Test Now provides a wide range of common lab tests including DNA, STD, drugs + alcohol, testosterone, food allergies, covid-19, and more.
They’ve found success by being laser focused on disrupting a very specific part of the healthcare industry.
- People wait for 1 hour+ to see a doctor and get a lab test
- Lab tests are traditionally expensive and you don’t always get the results delivered to you
- Many people don’t get the tests because of the prices
Any Lab Test Now’s model is quick service testing where you’re in and out within 15 minutes, and results are delivered within 24 hours.
I found this model pretty interesting, and off the back of covid-19, can see the need for a privatized business that offers this to consumers.
Given the low investment level and revenue return, this is a business worth checking out!
The franchise has been in business for over 30 years and has a track record of success. If you are looking for a franchise opportunity that has the potential to be profitable and makes a difference in people’s lives, Any Lab Test Now is definitely an option to consider.
This is not investment advice. As always, do your own research and your own due diligence before investing and realize any investment may go to zero.
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