CMIT Solutions Inc.

CMIT Solutions Inc.

IT and business services for SMBs
Units as of 2020
233 (3 years)
46.5%
2020 Franchise 500 Rank
#124 Ranked #91 last year
33
Initial investment
$94K - $127K

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.

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About CMIT Solutions Inc.

Franchising Overview

Franchising Since
1998 (23 years)
# of employees at HQ
15
Where seeking
Franchisor is seeking new franchise units throughout the U.S.
# of Units
233

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
Royalty Fee
6%
Ad Royalty Fee
2%
Term of Agreement
10 years
Is franchise term renewable?
Yes

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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
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

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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 #124

In Franchise 500 Ranking

Ranked #101

In Fastest-Growing Franchises

Ranked #42

In Top Franchises for Veterans

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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 23rd, 2020
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