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CMIT Solutions Inc.

2012 Franchise 500
#247
At a Glance

Products & Services: IT & business services for small businesses

Number of Locations: 127

Total Investment: $124.8K - 150.95K

Founded: 1994

Began Franchising: 1998

Private Owned

Franchise Units

Year U.S. Canadian International Company Owned
2011 127 0 0 0
2010 124 0 0 0
2008 100 0 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.

Startup Costs, Ongoing Fees and Financing

Total Investment: $124,800 - $150,950
Franchise Fee: $49,950
Ongoing Royalty Fee: 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: 3 weeks. 1 week onsite in Austin, TX
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Internet,
Marketing Support: Ad slicks, National media,
Other marketing support: PR, e-mail marketing, direct mail

Franchise Ranking History

Franchise 500®: #247 (2012), #472 (2011),
Top Homebased: #72 (2012),