Next
231/500
Back

CMIT Solutions Inc.

2014 Franchise 500
#231
At a Glance

Products & Services: IT and business services for small businesses

Number of Locations: 143

Total Investment: $129.2K - $171.5K

Founded: 1994

Began Franchising: 1998

About CMIT Solutions Inc.

Started in 1994, CMIT Solutions (then known as Computer Moms) focused on in-home computer services and training. In 2004, the company changed its focus to serving small to medium-sized business customers and changed its name to CMIT Solutions (Completely Managed IT Solutions). Franchisees specialize in managed service offerings, including remote monitoring and maintenance, data backup and disaster recovery, mobile device monitoring, cloud computing, managed print services, VOIP telecommunications services and unified communications systems.

Franchise Units

Year U.S. Canadian International Company Owned
2014 142 1 0 0
2013 138 0 0 0
2012 137 0 0 0
2011 127 0 0 0
2010 124 0 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S. and Canada.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $129,200 - $171,450
Franchise Fee: $49,950
Ongoing Royalty Fee: to 6%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 20% off franchise fee
Financial Requirements
Net Worth: $350,000
Liquid Cash Available: $100,000
Operations
Franchise can be run from home. 15% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 1 - 10. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 5 weeks. 2 weeks onsite in Austin, TX
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Ad slicks, National media,
Other marketing support: Social media, PR, website

Franchise Ranking History

Franchise 500®: #231 (2014), #216 (2013), #247 (2012), #472 (2011),
Top Home-Based: #65 (2014), #54 (2013), #72 (2012),

Franchise Search

Looking to Start a Business?

Express Employment Professionals has opportunities available today.

Request Information

Fund Your Franchise with Guidant

Guidant Financal Learn how to invest your IRA or 401k into a franchise penalty-free. ($50k min)

Featured Franchises For Sale

West Coast Franchise Expo - October 23-25, 2014

From the Entrepreneur Bookstore

Franchise Bible, 7th Edition
Franchise Bible, 7th Edition
By Erwin J. Keup and Peter Keup
More Info