Start a TeamLogic IT Franchise in 2024

2024 Franchise 500 Rank: #238 Ranked #230 last year

Initial investment: $107K - $141K

Units as of 2024: 293 24.7% over 3 years

TeamLogic IT serves the vast needs of small and medium enterprises by delivering IT solutions modified to meet individual goals and challenges. Founded in 2004 and beginning franchising the next year, this company’s business model of ensuring reliable, safe, and secure solutions has seen it grow, with over 200 units across the U.S..

A new franchisee would benefit from TeamLogic IT's hands-on approach in integrating new partners into their network and their extensive network of technology experts who ensure that customer satisfaction is achieved.

Why You May Want to Start a TeamLogic IT Franchise

Despite their proficient and tech-savvy business, you don't need to be exceptionally good in IT to own a franchise, as you may hire employees to help operate the business. Franchisees should be passionate and determined to run a business successfully.

A small franchise business can immensely benefit from the support TeamLogic IT provides in setting you up. Support mostly involves one-on-one coaching, group sessions, and a routine follow-up meant to grow your business. TeamLogic IT also enjoys the distinct advantage of having a twenty-four-hour monitoring system that allows you to assist customers in real-time without constantly being on call.

TeamLogic IT has a great success record of creating franchise business opportunities. This can be attributed to letting franchisees focus on building the business and managing daily operations while the TeamLogic IT team aids in the sales and marketing process.

What Might Make TeamLogic IT a Good Choice?

To be part of the TeamLogic IT team, you should make sure you’re financially ready for the initial investment, including a franchise fee and potential startup fees. You’ll want to make sure you have enough capital available to cover ongoing fees, as well. These will include royalty percentages and advertising fees, as well as a potential renewal fee.

The company also has fees that pay for brand operation rights and other benefits, such as their business management software, marketing, advertising, and developing a local website for your business. Additionally, you will have an intensive multi-day training at their university to prepare you to be a franchisee. You will also have access to an appraised list of firms within your territory to serve as a beginner’s client base.

How to Open Your Own TeamLogic IT Franchise

The first step to becoming a franchisee is filling out an application. This form will include questions about yourself, your business model, and investment capabilities. After submitting your application, you may receive a request for a document that assesses your eligibility.

If you are satisfied with the details provided and wish to move forward, TeamLogic IT will present you with a Franchise Disclosure Document, a legal document outlining the corporate partnership structure.

After that, you will have an interview session with the TeamLogic IT team and other franchisees to discuss success strategies, performance tips, business models, and any other questions you may have. The final stage before signing will be to visit TeamLogic IT's headquarters in Mission Viejo, California. Here, you may sign the franchise agreement and schedule your training.

Once all the steps are complete, you will be well on your way to owning your TeamLogic IT franchise.

Company Overview

About TeamLogic IT

Industry	Tech Businesses
Related Categories	IT Services, Miscellaneous Business Services, Miscellaneous Tech Businesses
Founded	2004
Parent Company	Franchise Services Inc.
Leadership	Dan Shapero, President
Corporate Address	26722 Plaza Mission Viejo, CA 92691
Social	Facebook, Twitter, LinkedIn, YouTube

Business Overview

Franchising Since	2005 (19 years)
# of employees at HQ	55
Where seeking	This company is offering new franchises throughout the US. This company is offering new franchises worldwide.
# of Units	293 (as of 2024)

Information for Franchisees

Here's what you need to know if you're interested in opening a TeamLogic IT 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 Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$49,500
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$106,865 - $141,342
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$300,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$60,540 - $78,092
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	$9,500 off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	7%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	1.2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	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.

Third Party Financing	TeamLogic IT has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

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

On-The-Job Training	61 hours
Classroom Training	94 hours
Ongoing Support	Newsletter Meetings & Conventions Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Ad Templates National Media 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? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	2-5
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	No