- 2023 Franchise 500 Rank
#230 Ranked #113 last year
- Initial investment
$111K - $148K
- Units as of 2022
252 43.2% 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.
About TeamLogic IT
|Related Categories||IT Services, Miscellaneous Business Services, Miscellaneous Tech Businesses|
|Parent Company||Franchise Services Inc.|
|Leadership||Dan Shapero, President|
Mission Viejo, CA 92691
|Social||Facebook, Twitter, LinkedIn, YouTube|
|Franchising Since||2005 (18 years)|
|# of employees at HQ||50|
This company is offering new franchisees throughout the US.
This company is offering new franchisees worldwide.
|# of Units||252 (as of 2022)|
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.
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.
|$111,465 - $147,842|
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.
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
|$60,540 - $78,092|
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
|$5,000 off franchise 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.
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.
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.
|Is franchise term renewable?||Yes|
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|
Meetings & Conventions
Security & Safety Procedures
Franchisee Intranet Platform
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.
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.
|# 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.
Interested in ownership opportunities like TeamLogic IT? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where TeamLogic IT landed on this year's Franchise 500 Ranking versus previous years.
Curious to know where TeamLogic IT ranked on other franchise lists? Find out below.
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