Start a Any Lab Test Now Franchise in 2024

2024 Franchise 500 Rank: #397 Ranked #409 last year

Initial investment: $144K - $238K

Units as of 2023: 225 21.0% over 3 years

Any Lab Test Now provides direct access to DNA, clinical, alcohol, drug lab testing services, phlebotomy, and other specimen collection services through their retail storefront business model. The physician gives their order through their ordering physician network. They work with customers, businesses, and government entities, delivering diverse business channels to franchisees within their local territory.

After being founded in 1992, Any Lab Test Now began franchising in 2007. Since then, it has grown to nearly 200 locations throughout the U.S.

Why You May Want to Start an Any Lab Test Now Franchise

Any Lab Test Now offers various types of products to its customers in order to fulfill the needs of different groups of people and businesses. This model allows for numerous potential arcs for your business to take. The franchisor also gives a comprehensive initial onboarding and training program at zero cost. They host a vigorous training portal for you and your medical assistants.

Any Lab Test Now has a call center option for franchisees. Medical assistants can provide a unique brand experience with customers in the store while they respond to questions and arrange appointments for their callers.

What Might Make an Any Lab Test Now Franchise a Good Choice?

Any Lab Test Now is the first in lab testing to franchise their business model in the flourishing medical lab testing industry. You don't need to be a doctor or medical professional; this is an entrepreneurial opportunity that lets you join the healthcare segment through medical franchises.

Like any other franchising business, Any Lab Test Now requires franchise fees. This franchise fee will be paid along with other startup costs as part of the initial investment. You should also be prepared for ongoing fees that will include royalty fees and potential renewal fees. Franchisees also need to meet the Any Lab Test Now’s set net worth and liquid capital requirements.

Customers may prefer Any Lab Test Now because family healthcare and medical bills are a big concern. There is also a desire for privacy and cautiousness in some situations. Any Lab Test Now prices are affordable and suitable in most healthcare budgets. Even though Any Lab Test Now does not accept insurance, customers can utilize their Health Savings Account (HSA) or Flexible Spending Account (FSA) for relevant lab tests.

How Do You Open an Any Lab Test Now Franchise?

Any Lab Test Now leads in retail lab testing and helping communities be in charge of their health. Franchisees do not need a medical or healthcare background. The franchisor only wants the franchisee to maintain its core values–teamwork, accountability, integrity value, empowerment, and proactivity.

To get started with opening an Any Lab Test Now franchise, you have to download and read the franchise advice form. This form will include details about the approximate startup costs. These costs comprise the initial fee, training expenses, royalties, licensing, early-stage advertising, name registration, insurance, rent, and video surveillance.

A committed executive may call you to evaluate your franchisee requirements and the franchise availability. If your request is accepted, the franchise's executive will talk you through the particulars of the Franchise Disclosure Document. After being confirmed, you will sign a contract before operating your Any Lab Test Now franchise location.

Company Overview

About Any Lab Test Now

Industry	Services (Other)
Related Categories	Laboratory Services, Miscellaneous Business Services, Miscellaneous Health Services, Miscellaneous Services, Health & Wellness
Founded	1992
Parent Company	Any Test Franchising Inc.
Leadership	Clarissa Bradstock, CEO
Corporate Address	303 Perimeter Center N., #575 Atlanta, GA 30346
Social	Facebook, Twitter, LinkedIn, Instagram, YouTube

Business Overview

Franchising Since	2007 (17 years)
# of employees at HQ	37
Where seeking	This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, District of Columbia, Delaware, Florida, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
# of Units	225 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Any Lab Test Now franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$40,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$144,150 - $237,900
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$300,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$90,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	10% off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	8%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	1%-3%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing	Any Lab Test Now has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	As needed
Classroom Training	39 hours
Ongoing Support	Newsletter Meetings & Conventions Toll-Free Line Grand Opening Security & Safety Procedures Lease Negotiation Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Ad Templates National Media Regional Advertising Social Media SEO Website Development Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	2
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes