CMIT Solutions Inc.

CMIT Solutions Inc.

IT and business services for SMBs
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2021 Franchise 500 Rank
#198 Ranked #124 last year
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Initial investment
$94K - $127K
Units as of 2020
239 36.6% over 3 years

Company Overview

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.

About CMIT Solutions Inc.

Industry
Tech Businesses
Founded
1994
Leadership
Roger Lewis, CEO

Franchising Overview

Franchising Since
1998 (23 years)
# of employees at HQ
15
Where seeking

This company is seeking new franchisees throughout the US.

# of Units
239 (as of 2020)

Franchisor Information

Corporate Address
9433 Bee Cave Rd., Bldg. 3, #210
Austin, TX 78733

Information for Franchisees

Here’s what you need to know if you’re interested in opening a CMIT Solutions Inc. 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
$49,950 - $57,700
Initial Investment
$94,470 - $127,350
Net Worth Requirement
$350,000
Cash Requirement
$150,000
Veteran Incentives
20% off first-unit franchise fee
Royalty Fee
6%
Ad Royalty Fee
2%
Term of Agreement
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.

In-House Financing
CMIT Solutions Inc. offers in-house financing to cover the following: accounts receivable
Third Party Financing
CMIT Solutions Inc. has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, payroll

Training & Support Offered

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

Classroom Training
91 hours
Additional Training
2 weeks onsite in Austin, TX
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
Regional Advertising
Marketing Planning & Support
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?
Yes
Can this franchise be run part time?
No
# of employees required to run
1
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where CMIT Solutions Inc. landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where CMIT Solutions Inc. ranked on other franchise lists? Find out below.

Ranked #198

Franchise 500 Ranking

Ranked #101

Fastest-Growing Franchises

Ranked #42

Top Franchises for Veterans

Ranked #23

Top Franchises for Less Than $100,000

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021