The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations. Before managed IT services became the norm, the industry was beset by a break-fix model meaning that IT companies were only called when something was broken. You Dont Need Experience to Thrive with TeamLogic IT, TeamLogic IT, a Consultive IT Business, is Recruiting Business Coaches, An IT Franchise Is A Perfect Career Opportunity for Business Coaches. A key focus of the discussion was around opportunities for maximizing growth and profits for the nationwide network of MSPs. Section V Presentation and analysis of TeamLogic ITs financial performance representations, based on Item 19 of the companys 2019 FDD, including information on the: On December 31, 2018, there were 166 TeamLogic IT Businesses open and in operation in the United States. Smart solutions derived from technology expertise and business acumen. IFPGs mission is to serve the franchise industry with innovation, growth and opportunity. Paid to various vendors. Given that some franchisees do not complete the establishment of their Businesses in the first 12 months, to include operations younger than 24 months would show a distorted and unrealistic picture of business revenues. Montana - MT, Nebraska - NE, Nevada - NV, New Hampshire - NH, New Our proven business model is founded upon selecting the right entrepreneurs to franchise with our brand. TeamLogics value to small- and medium-sized businesses was front and center, as franchise owners worked nonstop with clients who had to pivot to all-virtual operations. No. Required fields are marked *, Previous post: FDD Talk: Brightway Insurance Franchise Review (Financial Performance Analysis, Costs, Fees, and More), Next post: FDD Talk: The Camp Transformation Center Franchise Review (Financial Performance Analysis, Costs, Fees, and More). You also agree to TeamLogic, Inc.s Privacy Policy. To qualify for this financial performance representation (FPR), a Business must have been open for a minimum of 24 months on December 31, 2018 and provided the Company with a sufficient financial statement or have been opened by an existing owner prior to October 1, 2018 (multiple). What Are Startup Costs for a TeamLogic IT Franchise? Ready to make a difference and be part of an exciting growth opportunity? Passive Ownership: No Its a win-win. Youll enjoy rapid response, clear and proactive communications, and a technology partner focused on being there for you when you need us the most. A Day in the Life of a TeamLogic IT Franchisee, Next Steps to Open a TeamLogic IT Franchise, Why TeamLogic IT is Recruiting B2B Services Professionals. Considering starting a franchise sales division, or have a program in place that could be stronger? document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); By pressing Submit, you agree that TeamLogic, Inc. may contact you by phone, email and/or text message about your inquiry, which may be automated. Our chief priority is to understand your needs. TeamLogic IT is Takingthe Managed ServicesIndustry By Storm, TeamLogic IT is Taking theManaged Services Industry By Storm. TeamLogic ITs expertise in cybersecurity and long history with cloud computing meant steady business for franchise owners in a time when many others had to scale back or even shut down. Take our short quiz. Dan Shapero, president of TeamLogic IT, said, It was such an honor to participate with a distinguished group of leaders in our industry. Learn how to earn commissions helping people find the right franchise. For instance, many businesses are probably going to keep a larger work-from-home workforce. Birmingham, 300 Cahaba Park Circle . States Registered In: Alabama - AL, Alaska - AK, Arizona - AZ, Highest Gross Revenue in Quartile: $9,645,176, Lowest Gross Revenue in Quartile: $1,210,314, Average Gross Revenue in Quartile: $2,389,182, Number Exceeding Average Gross Revenue in Quartile: 8, Percentage Exceeding Average Gross Revenue in Quartile: 25%, Median Gross Revenue in Quartile: $1,719,857, Highest Gross Revenue in Quartile: $1,186,235, Lowest Gross Revenue in Quartile: $493,357, Average Gross Revenue in Quartile: $766,998, Number Exceeding Average Gross Revenue in Quartile: 16, Percentage Exceeding Average Gross Revenue in Quartile: 50%, Median Gross Revenue in Quartile: $767,408, Highest Gross Revenue in Quartile: $492,623, Lowest Gross Revenue in Quartile: $268,570, Average Gross Revenue in Quartile: $402,462, Number Exceeding Average Gross Revenue in Quartile: 15, Percentage Exceeding Average Gross Revenue in Quartile: 47%, Median Gross Revenue in Quartile: $391,933, Highest Gross Revenue in Quartile: $260,757, Lowest Gross Revenue in Quartile: $22,977, Average Gross Revenue in Quartile: $142,839, Percentage Exceeding Average Gross Revenue in Quartile: 48%, Median Gross Revenue in Quartile: $135,652. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); TeamLogic IT Franchise Help Veterans Excel as Business Owners Veterans are an industry favorite for the ideal franchise owner, thanks to a TeamLogic IT and the Franchise Times Top 500 Franchises TeamLogic IT has earned a position on the esteemed Franchise Times Top 500 TeamLogic IT technology franchise had made Franchise Business Reviews list of the Top 100 veteran franchises. We'll help you quickly build your franchise ownership profile, then present you with a personalized set of franchises you could open! Their franchise model and national footprint puts them on the fast track for growth., 7. 2023 TeamLogic, Inc. | ALL RIGHTS RESERVED | PRIVACY POLICY| 866-870-2759. They include: Initial investment: $112,267 to $152,300. Wow, glad you're interested in so many businesses! Because a TeamLogic IT Business franchisees revenue depends primarily on a recurring base of clients developed over a period of time, Qualified Franchisees who operate for longer periods, and/or who operate multiple TeamLogic IT Businesses/Territories, typically realize higher (in some cases significantly higher) Gross Revenue, than Qualified Franchisees who have operated for shorter periods or who operate only one Business/Territory. We have been around long enough to go through a few good and bad economic cycles. Canada Franchises: Yes Watch Our Webinar Live or the Recording Later (Register Now - It's Free) How Much Franchise Can You AFFORD? Royalty Fee: 7.0%. Giving you truly hands-free passive income. Initial Franchise Fee: $40,000 to $45,000 This fee must be paid in full at the time indicated. TeamLogic ITs expertise in cybersecurity and long history with cloud computing meant steady business for franchise owners in a time when many others had to scale back or even shut down. Call your own shots and own a TeamLogicIT franchise! The communications on this web site are not directed by us to the residents of any of those states. As their managed IT services provider, they not only keep their networks running smoothly, but they also provide valuable assistance with data security, transitioning to the cloud, consultation on what software to buy, and more, in order to deliver a customer-focused experience that allows their clients to focus on growing their businesses. From sweeping strategic initiatives to reducing IT overhead and everything in-between, youve come to the right place. By continuing to use this website you consent to the terms of our privacy policy. Project work: When a problem arises, we will fix it on a project-by-project basis. In 2018, 40 new Businesses opened in the United States; these are not eligible for this FPR except for the 7 locations opened by existing franchisees (multiple). Contact us to unlock your franchise's page to add content and get leads! They also learn about all the resources that are available through the Business Management Support System, which provides a database of knowledge as well as a message board that connects all TeamLogic IT owners and technicians. What Are the Startup Costs for a TeamLogic IT Franchise? Can you Afford This Franchise. Operations manuals are provided to support and reinforce the training and serve as an ongoing reference. Our Network Operations Center is always running behind the scenes, seamlessly installing the latest software updates and virus patches to best achieve optimal IT performance for your business. Access to our Business Management Software System for accessing a library of technical and business knowledge, and reaching out to other TeamLogic IT owners and technicians for troubleshooting support. The event kicked off with a welcome reception and dinner on Wednesday, March 27. Those lessons have served us well during the COVID-19 pandemic, where we not only saw the current TeamLogic IT franchise do well in very challenging circumstances we also onboarded many new owners and helped them launch successfully., Theres never been a better time to invest in a TeamLogic IT franchise business, says Chuck Lennon, Executive Vice President of TeamLogic IT. Michigan - MI, Minnesota - MN, Mississippi - MS, Missouri - MO, What Is a TeamLogic IT Franchise? 230 on Entrepreneurs 2023 Franchise 500 List, FDD Talk: Lifetime Green Coatings Franchise Costs, Fees, Average Revenues and/or Profits (2023 Review), FDD Talk: Precision Door Service Franchise Costs, Fees, Average Revenues and/or Profits (2023 Review). Email franchisechatterblog@gmail.com, Your website and you have been instrumental in finding this franchise opportunity and I am overwhelmingly grateful. (David F., subscriber), Best Automotive Wheels and Tires Franchises, Best Kitchen and Bath Remodeling Franchises, Express Employment Professionals Franchise, Americas Swimming Pool Company Franchise, Asurion Tech Repair & Solutions Franchise, Strickland Brothers 10 Minute Oil Change Franchise. TeamLogic IT, one of the leading IT franchises in the nation, has been ahead of the curve since our founding in 2004. Another important consideration to review is whether the initial fees are refundable or not. Vehicle Graphics: $3,000. B2B: Yes However, in the age of cyberattacks, and the rise in popularity of e-commerce coinciding with a commitment to data privacy, businesses cannot wait until something goes wrong, because if it does, the results can be devastating. TeamLogic IT also provides franchise opportunities. 3. 6. Unlock to find out more. We offer fast responses to IT challenges but more importantly, we act as an IT adviser to our customers, helping them take proactive approaches to their technology so that their businesses becomes more efficient and profitable. Arkansas - AR, California - CA, Colorado - CO, Connecticut - CT, Their system connects to TeamLogic IT's, providing them with updated virus protection, continuous diagnostics, off . There is no assurance that youll sell as much. Receive a personalized report of exciting new franchise opportunities to your inbox each week. As one of the most respected names in Managed IT Services, which Statista reports is expected to reach $64 billion by 2026, TeamLogic IT has been at the forefront of the evolution in this rapidly growing segment for years. With inflation, the recession and uncertainty in the market. Message and data rates may apply. Some of the most experienced minds in franchising. Corporate Information TeamLogic, Inc. incorporated on September 1, 2004 in California. TeamLogic IT Locations. What Are Startup Costs for a TeamLogic IT Franchise? It costs an estimated $106,375 - $146,300 to open a TeamLogic IT franchise. The whole idea of Managed IT Services has become the norm, and this makes sense. TeamLogic IT has the franchise fee of up to $45,000, with total initial investment range of $109,550 to $142,800. We offer fast responses to IT challenges; but more importantly, we act as an IT advisor to our customers, monitoring their vital IT systems to prevent problems and eliminate downtime. Gross Revenue is defined as all revenue from all services that a Qualified Franchisee derives from operating all of its Businesses, and includes hourly services, managed services, product resale, and professional project services, commission and agency revenue, reseller revenue, and other (cloud services, technical support, break/fix services, training, consulting services, and other technical services), whether onetime or recurring, and commissions paid by alliance partners and revenue from hardware or software sales. That means concerns around connectivity and cybersecurity, and TeamLogic IT franchise owners are uniquely positioned to capture that business and then grow those client relationships over time.. What Are The Startup Costs For a TeamLogic IT Franchise? Weve ramped up our security offerings because of the rise in cyberthreats to companies of all sizes and because most business owners need our assistance in building an IT infrastructure to meet their needs.. Ad: 1.20% Of the 102 eligible Businesses that were open in the United States prior to 2016, 53 franchisees representing 81 locations reported sufficient 2018 financial statements to be included in this FPR. Franchise fee: $40,000 to $45,000 (veterans receive $5,000 discount) Net worth requirement: $300,000. Furniture and Office Equipment: $500 to $1,000. Yes, I have $50K available in my 401K/IRA and would like to learn how to use these funds to buy a business with the help of Guidant Financial Group. Fill out this form and a specialist from the Franchise Brokers Association will reach out to you. He used FSI resources to develop the TeamLogic IT brand, investing several million dollars to create a world-class organization capable of supporting hundreds of franchise owners nationwide. Tools and Equipment: $3,000 to $5,000. Jun. You Dont Need Experience in IT to Thrive With TeamLogic IT, Why A Technology Franchise Is A Perfect Fit For Veterans, TeamLogic IT Ranks On Franchise Times Top 500 Franchises, TeamLogic IT And Franchise Business Review Again, You Dont Need IT Experience to Thrive in a TeamLogic IT Franchise, Grow Your Accounting Practice By Owning An IT Business, Why Accounting Professionals Have Success with an IT Franchise. This support allows our clients to focus on Franchise Gator Top 100 (2015, 2016, 2017, 2018); Franchise Gator Fastest Growing (2017, 2018), Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District Of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming. Named a recession proof business by Franchise Business Review, TeamLogics value to small- and medium-sized businesses was front and center, as franchise owners worked nonstop with clients who had to pivot to all-virtual operations. and more profitably. Franchise Opportunities. It should be noted that, franchise companies must to disclose all upfront fees. 2023 BeTheBoss.com All rights reserved. TeamLogic IT has been the top-rated technology franchise for two years in a row. By continuing to browse or closing this banner, you indicate your agreement. Liquid Cash Requirement: $60,000, Initial Franchise Fee: $45,000 You also agree to TeamLogic, Inc.s Privacy Policy. TeamLogic IT franchise costs, based on Item 7 of the company's 2022 FDD: Initial Franchise Fee: $40,000 to $45,000 Advertising Cooperative Association Fee: $0 to $500 monthly; determined by local Advertising Cooperative Association Marketing: $2,000 Help Desk Service Fee: $1,200 Email Hosting: $3.36 to $16.80 per email user We don't share our mailing list. For in-depth details about the TeamLogicIT franchise opportunity, download our Free Franchise Opportunity Report. TeamLogic IT is a rapidly growing franchise network with nearly 200 MSP offices across the country. Start a New Career as a Franchise Consultant, International Franchise Professionals Group. AK, AR, AZ, CA, CO, DC, DE, HI, IA, ID, IL, IN, KS, KY, LA, ME, MI, MN, MO, MS, MT, ND, NE, NH, NM, NV, OK, OR, RI, SD, TX, UT, VT, WA, WI, WY, Installation of Systems, Hardware and Software. We offer fast responses to IT challenges but more importantly, we act as an IT adviser to our customers, helping them take proactive approaches to their technology so that their businesses becomes more efficient and profitable. We dont currently have an ACA today, but may in the future. Are you ready to start a lucrative career as a franchise consultant? International Franchises: No, Cash Investment: $50,000 192 on Entrepreneurs 2020 Franchise 500 list. Financial requirements Liquid Capital Required - $50,000 Net Worth Required - $300,000 Total Investment - $84,250 - $137,250 Securis Wow, glad you're interested in so many businesses! The 81 Businesses in this FPR represent 79% of the 102 eligible Businesses for this FPR. TeamLogic IT is one of the most forward-thinking IT franchises in the nation. We do not share your phone number with anyone other than the specific businesses you are interested in learning more about. We will be in touch soon. Owning a top-rated IT franchise doesnt have to break the bank. According to a report published by Grand View Research, managed IT services is expected to reach $120.44 billion by 2025. TeamLogicIT is a Franchise Grade Made The Grade franchise, which means it's ranked strongly by our research team. Fill out this form and a specialist from the Franchise Brokers Association will reach out to you. The Qualified Franchisees also face generally the same competition from other similar businesses that TeamLogic IT expects new franchisees will face. As one of the most respected names in Managed IT Services, which Statista reports is expected to reach $64 billion by 2026, TeamLogic IT has been at the forefront of the evolution in this rapidly growing segment for years. It is now time to share our successful model with up-and-coming entrepreneurs like you who, Work From Home Opportunity! Dakota - SD, Tennessee - TN, Texas - TX, Utah - UT, Vermont - VT, 6 (Tues.), 4 p.m. EST, Register Now to Get Free Access to Recordings of Both Webinars. COVID & the Impending RECESSION = Roughly 11 million houses hit the market for pennies on the dollar! In a business that is so tech-savvy, you might think that you need to be a hyper-proficient IT professional to be successful with TeamLogic IT. First Unit Franchised: 2005 Both are former vice presidents for American Express. Section II - Initial franchise fee, royalty fee, and marketing fee for a House Doctors franchise, based on Items 5 and 6 of the company's 2023 FDD . service. For purposes of this FPR, the values in these financial statements have been divided by the number of eligible locations of each owner. Advertising Fund: there are no Advertising Fund Fees due in the first 12 months. No spam, just good, helpful information for aspiring entrepreneurs. Tell us whats on your mind by filling out this form or giving us a call. Yes. Interested parties should have at least $50,000 in liquid capital to invest. The offer of a franchise can only be made through the delivery of a franchise disclosure document. No. Founded in 2005, TeamLogic IT has grown to over 270 locations across the nation, and with a business model that emphasizes reliable recurring revenue streams, tech-savvy entrepreneurs are drawn to the top-rated TeamLogic IT franchise in growing numbers. We may receive a commission for leads generated from our site. Louisiana - LA, Maine - ME, Maryland - MD, Massachusetts - MA, Your individual results may differ. 9. For small- and medium-sized businesses, this approach makes sense. TeamLogic, Inc. is a leading managed IT services franchisor and its independently owned and operated TeamLogic IT offices are located across North America. is listed in the All Rights Reserved. Teamlogic IT Whether you are an existing independent IT professional, or an entrepreneur looking for a high-growth, income opportunity, look to TeamLogic IT. Fill out this form to receive your free TeamLogic IT franchise report. Optional. TeamLogic IT is not a semi absentee franchise. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members. TeamLogic IT: Franchise Costs and Fees, Business Investment Details | FranchiseDirect.com Find financial details about TeamLogic IT. Their system connects to TeamLogic IT's, providing them with updated virus protection, continuous diagnostics, off-site data backup . While a large percentage of our franchise owners do have significant IT experience, many of our franchisees did not have any before franchising with us. Complete our Affordability Calculator to find out! Our managed IT solutions help our clients run their businesses more productively and more profitably. We invite you to find out more about TeamLogicIT and discover if a TeamLogicIT franchise is for you. Check out this investment opportunity to better understand the specific costs required to buy a TeamLogicIT, such as territory fees, construction and . The value of managed IT services is crystal clear and compelling. The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. This first-ever event, named TechConnect, was held in Mission Viejo, California at the headquarters of TeamLogic IT on Thursday, March 28. Request Information. In their FDD they outline who's in charge of the training. These outlets present starkly different revenue profiles in their first year of operations compared to traditional, new franchises. Jun. Master Franchise Opportunities: No 2 (Fri.), 11 a.m. EST, Essential Services Great for Good Times and Bad Jun. 16. The total costs to invest in a TeamLogic IT franchise range from $111,000 to convert an existing business to $148,000 to launch a new franchise. TeamLogic IT franchise does not work with E2 Visa and EB-5 Visa candidates. Your email address will not be published. This franchise has over 200 locations across several states. Let Global Financial Training Program help you get started! TeamLogic IT has been named one of the top 7 franchises by Franchise Business Review, whose annual FBR 50 list highlights franchises that have earned high ratings from their franchisees. running their business and we handle all of their technology In early May 2019, nearly 1,800 leading IT professionals, business owners, channel partners, and industry leaders gathered at Caesars Palace in Las Vegas for the Kaseya Connect IT event, where TeamLogic IT was named the fastest-growing Managed Service Provider (MSP). The registry offers a list of franchises that have had their Financial Disclosure Documents vetted by the Small Business Administration, and inclusion on the list saves several steps in the SBA lending process, which allows franchisees to access funds more quickly. Where theres industry, theres demand for hydraulic and industrial hose replacement. Schedule a one-on-one virtual tour with a member of our team. I am looking forward to leveraging the insights that were delivered at TechConnect to help guide our network of franchisees and shape the future of our company, and the way small businesses consume IT services.. We offer fast responses to IT challenges but more importantly, we act as an IT adviser to our customers, helping them take proactive approaches to their technology so that their businesses becomes more efficient and profitable. The low startup costs include the rights to operate as part of the brand, as well as a host of other benefits such as intensive training, marketing content and programs, access to a vetted list of businesses within your territory and more. Individual Unit Costs Initial Investment: $106,375-$146,300 Initial Franchise Fee: $45,000 Royalty Fee: 7% Advertising Fee: 1.2% Moreover, we will not offer or sell franchises in those states until we have registered the franchise (or obtained an applicable exemption from registration) and delivered the franchise disclosure document to the prospective franchisee in compliance with applicable law. Lifetime Green Coatings . TeamLogic ITFranchise. These are all franchised units. Yes, TeamLogicIT offers comprehensive support for franchisees. Dan Shapero, president of TeamLogic IT, said, It was a distinction to be a nominee for MSP of the Year, and we are honored to receive the Fastest Growing MSP award. Unlock this franchise to find out more. Company Owned Units: 0 To add more franchises, please uncheck selections in your request info basket. Determined by local Advertising Cooperative Association (ACA). Complete the form below and a member of our team will be in touch promptly. TeamLogic IT Franchise For Sale - IT & Business Services, Interested? To date and since its inception, there has neither been a company-owned outlet, nor a company-managed outlet. TeamLogic IT owners are business people just like you, and recognize the importance of advancing company objectives via smart IT solutions. Thank you for the opportunity to serve you., Privacy Policy | Terms & Conditions | Website by Hudson. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise. Need help? Usually, earnings and owner's income are correspond to the size of the investment and number of locations you buy. Ever. By focusing on a comprehensive, solutions-based approach to IT services for small and medium-sized businesses, TeamLogic IT has helped usher in the concept of managed IT services into the mainstream. As with any new franchised business, the franchisee's income and the revenue from a TeamLogicIT franchise opportunity depends on a variety of factors. They cannot afford major disruption. In addition, some franchisees have converted existing independent IT service businesses into TeamLogic IT Businesses with a full and active client base, while other franchisees are starting new businesses with no clients. 2. Video. Buying a Franchise on Your Own Can Be Overwhelming, How to Find, Vet and FUND a Good Franchise (Webinar), Find Good Franchises That Are Still AVAILABLE in Your Target Area (Free Tool), How to Find, Vet & FUND a Good Franchise.
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