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CMIT Solutions Inc.

2014 Franchise 500
#231
At a Glance

Products & Services: IT services for small businesses

Number of Locations: 138

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
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.

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
Financial Requirements
Net Worth: $300,000
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).
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),