CMIT Solutions Inc.
#250

Initial Investment

LOW: $128,300
HIGH: $176,439

Change in Units

+4.7% +7 UNITS (1 Year)
+8.0% +12 UNITS (3 Years)

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Promoted Opportunities

Company Profile

Founded

1994

Franchising Since

1998 (18 Years)

Corporate Address

500 N. Capital of TX Hwy., #200 Austin, TX 78746

CEO

Jeff Connally

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.

Financials

Financial Requirements

Initial Investment

$128,300 - $176,439

Net-worth Requirement

$350,000

Liquid Cash Requirement

$100,000 - $150,000

Ongoing Fees

Initial Franchise Fee

$49,950

Ongoing Royalty Fee

to 6%

Ad Royalty Fee

2%

Financing Options

CMIT Solutions Inc. has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory, payroll

Veteran Incentives


20% off first-unit franchise fee

Franchise 500® Rank History

Highest Rank: 216

Lowest Rank: 472

* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: See List

Operations & Franchisor Support

Training at headquarters: 10 days

Additional Training: 2 weeks onsite in Austin, TX

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media
National Media

Number of employees required to run: 1 - 10

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: October 3rd, 2016

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Previous Years Rankings

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