In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:
Section I – Estimated initial investment (franchise costs) for an Any Lab Test Now franchise, based on Item 7 of the company’s 2023 FDD
Section II – Initial franchise fee, royalty fee, and marketing fee for an Any Lab Test Now franchise, based on Items 5 and 6 of the company’s 2023 FDD
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Section IV – News updates on the Any Lab Test Now franchise opportunity
Section V – Presentation and analysis of Any Lab Test Now’s financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2023 FDD, including information on the:
- 2022 average, median, highest, and lowest gross revenues for the 176 franchised stand-alone Any Lab Test Now businesses that were operating during the period from January 1, 2022 to December 31, 2022, and have been open for at least one full calendar year as of December 31, 2022, grouped by quartile
- 2022 average, median, highest, and lowest gross revenues for the 7 affiliate-operated stand-alone Any Lab Test Now businesses that were operating during the period from January 1, 2022 to December 31, 2022, and have been open for at least one full calendar year as of December 31, 2022, grouped by quartile
Section VI – Key ratios, comparables, computations, and analyses for the Any Lab Test Now franchise opportunity (exclusive content for Platinum subscribers)
Section I – Any Lab Test Now Franchise Costs
- Any Lab Test Now (stand-alone business) franchise costs, based on Item 7 of the company’s 2023 FDD:
- Initial Franchise Fee: $40,000
- Travel and Living Expenses (per person): $1,250 to $2,000
- Rent or Real Estate and Improvements: $55,200 to $97,500
- Office Furniture, Fixtures, and Equipment: $2,500 to $15,000
- Decor Items: $5,000 to $7,500
- Insurance Premiums (one year): $2,500 to $7,500
- Medical Supplies: $1,000 to $1,400
- Lab Equipment: $800 to $1,600
- Signage: $3,500 to $8,500
- Legal and Accounting Fees: $500 to $2,400
- Miscellaneous Opening Costs: $550 to $3,600
- Opening Inventory: $1,000 to $3,000
- Grand Opening Marketing Expenditure: $3,000
- Mandatory Financial Commitment: $6,000
- Computer Equipment, Software, and Telephone System: $1,350 to $3,900
- Additional Funds: $20,000 to $35,000
- Total Estimated Any Lab Test Now Franchise Costs: $144,150 to $237,900
Section II – Any Lab Test Now’s Initial Franchise Fee, Royalty Fee, and Marketing Fee
- Any Lab Test Now’s initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2023 FDD:
- Initial Franchise Fee: $20,000 to $40,000
- Royalty Fee: 8% of Gross Revenue per month, with a minimum of $500 per month
- National Marketing Fund: currently 1% of Gross Revenue per month. Any Lab Test Now may increase this to 3% of Gross Revenue.
- Advertising Cooperative/Multi-Area Marketing: 1% to 3% of Gross Revenue, if implemented in your market area
Section III – Number of Franchised and Company-Owned Any Lab Test Now Outlets
Franchised
2020
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When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, saving you months of wasted research.🔴Free Webinar: 6 Under-the-Radar Franchise Concepts That Serious Buyers Should Know
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- Outlets at the End of the Year: 185
- Net Change: +13
2021
- Outlets at the Start of the Year: 185
- Outlets at the End of the Year: 193
- Net Change: +8
2022
- Outlets at the Start of the Year: 193
- Outlets at the End of the Year: 207
- Net Change: +14
Company-Owned
2020
- Outlets at the Start of the Year: 8
- Outlets at the End of the Year: 8
- Net Change: 0
2021
- Outlets at the Start of the Year: 8
- Outlets at the End of the Year: 8
- Net Change: 0
2022
🎯Find Best-Fit Franchises Still Available in Your Target Area (Free Tool)
When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, saving you months of wasted research.📈Dreaming of Multi‑Unit Success? Lock In Prime Territories Before They're Gone.
Colin started as a team member at 21 and now owns 6 locations in Tampa Bay. Lisa came from marketing and built 21 in San Diego. The most successful multi-unit owners move early and secure markets with room to grow. Use our free tool to search multiple ZIP codes and find franchises where you can still stack locations, before someone else does. A franchise specialist will be in touch to present what's available.- Outlets at the Start of the Year: 8
- Outlets at the End of the Year: 7
- Net Change: -1
Section IV – News Updates on the Any Lab Test Now Franchise
Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Any Lab Test Now Franchise (Item 19, 2023 FDD)
- Parts 1 and 2 below show the average unaudited Gross Revenue of Any Lab Test Now businesses that meet the following criteria: (i) are Stand-Alone Businesses, (ii) were operating during the period from January 1, 2022 to December 31, 2022 (the “2022 Reporting Period”), and (iii) have been open for at least one full calendar year as of December 31, 2022. This is a historic financial performance representation about Any Lab Test Now’s existing Businesses that meet the stated criteria.
- As used in this Item 19, the term “Gross Revenue” means the total of all receipts derived from services performed or products sold by the Business, wherever located and directly or indirectly related to the Business, whether the receipts are evidenced by cash, credit, checks, gift certificates, coupons, services, property, or other means of exchange.
- Any Lab Test Now obtained this Gross Revenue information from unaudited franchisee reports submitted to it consistent with its reporting requirements. Neither Any Lab Test Now nor its independent certified public accountants have audited or verified any of the Gross Revenue information reported to it. Franchisees are not required to use generally accepted accounting principles when reporting these figures.
Part 1 – Franchised Stand-Alone Businesses
- The following Part 1 presents unaudited information about the average and median Gross Revenue of the 176 franchised Stand-Alone Businesses that were open and continuously operating during the 2022 Reporting Period.
- Any Lab Test Now has not included in this Item 19 the results for any Micro Market Businesses. If you purchase a franchise for a Micro Market Business, you are likely to have different results.
- As of December 31, 2022, there were 207 franchised Stand-Alone and Micro Market businesses in operation. There were 176 franchised Stand-Alone Businesses that were open for the full 2022 Reporting Period.
- This financial performance representation excludes the performance of 20 franchised Stand-Alone businesses that were opened in the 2022 Reporting Period but were not open for the full 2022 Reporting Period, 2 franchised Stand-Alone businesses that were open for more than a year but closed during the 2022 Reporting Period, and 11 Micro Market Businesses.
- The franchised Stand-Alone Businesses are represented and divided into quartiles based on Gross Revenue. The quartiles were derived by taking the Stand-Alone Businesses dividing them into four evenly-sized groups, with the Stand-Alone Businesses achieving the highest Gross Revenue being in the Top 25% quartile, the next highest being in the 26-50% quartile, and so forth.
- All amounts are shown in U.S. dollars.
Percent Quartile: 25%
- Average Gross Revenue: $797,435
- Median Gross Revenue: $746,156
- High Gross Revenue: $1,454,484
- Low Gross Revenue: $600,923
- Number of Businesses in Quartile: 44
- Number and Percentage of Franchised Businesses That Exceeded Average: 17 / 39%
Percent Quartile: 26%-50%
- Average Gross Revenue: $498,251
- Median Gross Revenue: $491,455
- High Gross Revenue: $589,386
- Low Gross Revenue: $425,184
- Number of Businesses in Quartile: 44
- Number and Percentage of Franchised Businesses That Exceeded Average: 21 / 44%
Percent Quartile: 51%-75%
- Average Gross Revenue: $361,025
- Median Gross Revenue: $368,074
- High Gross Revenue: $415,982
- Low Gross Revenue: $305,367
- Number of Businesses in Quartile: 44
- Number and Percentage of Franchised Businesses That Exceeded Average: 24 / 55%
Percent Quartile: 76%-100%
- Average Gross Revenue: $205,649
- Median Gross Revenue: $212,604
- High Gross Revenue: $297,692
- Low Gross Revenue: $38,665
- Number of Businesses in Quartile: 44
- Number and Percentage of Franchised Businesses That Exceeded Average: 24 / 55%
All
- Average Gross Revenue: $465,590
- High Gross Revenue: $1,454,484
- Low Gross Revenue: $38,665
- Total Number of Businesses: 176
Part 2 – Affiliate-Operated Stand-Alone Businesses
- The following Part 2 presents unaudited information about the average and median Gross Revenue of the 7 Affiliate-Operated Stand-Alone Businesses that were open and continuously operating for the 2022 Reporting Period. This financial performance representation excludes the performance of one Affiliate-Operated Stand-Alone Business that closed during the 2022 Reporting Period.
- Any Lab Test Now obtained this Gross Revenue information for the Affiliate-Operated Stand-Alone Businesses from unaudited reports submitted to it consistent with its reporting requirements. Neither Any Lab Test Now nor its independent certified public accountants have audited or verified any of the Gross Revenue information reported to it.
- Average Gross Revenue: $501,789
- Median Gross Revenue: $495,260
- High Gross Revenue: $562,438
- Low Gross Revenue: $450,863
- Number of Affiliate Locations: 7
- Number and Percentage That Exceeded Average: 3 / 43%
- Some franchises have earned these amounts. Your individual results may differ. There is no assurance that you will sell as much.
Section VI – Any Lab Test Now Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️
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