TeamLogic IT was formed to become the go-to IT team for small and medium-sized businesses. 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. Call your own shots and own a TeamLogicIT franchise! We invite you to find out more about TeamLogicIT and discover if a TeamLogicIT franchise is for you.
To buy a franchise with TeamLogic, you'll need to have at least liquid capital of $50,000 and a minimum net worth of $300,000. Franchisees can expect to make a total investment of $110,000 - $160,000. TeamLogic charges a franchise fee of $. They also offer financing via 3rd party as well as a discount for veterans (Veterans/First Responders: Standard $25,900, Commercial $45,500). *
| Liquid Capital: | $50,000 What does Liquid Capital mean? |
|---|---|
| Net Worth: | $300,000 What does Net Worth mean? |
| Franchise Fee: | $ What does Franchise Fee mean? |
| Total Investment: | $110,000 - $160,000 What does Total Investment mean? |
If you’re ready to enter into a new career as a business owner, it’s important to choose a brand that is not only affordable but also has the opportunity for long-term growth potential. Forbes magazine recently named TeamLogic as the No. 4 low-cost franchise opportunity for 2019. TeamLogic IT has low startup costs, making it a perfect business opportunity!
The total costs to invest in a TeamLogic IT franchise are $148,000 to launch a new franchise, and this cost includes a franchise fee, which ranges from $49,500. Your franchise fee gives you access to our training platform, marketing support, a vetted list of up to 2,000 small businesses in your area to reach out to, and access to our Business Management Software System, which is a library of resources of technical and business knowledge.
The minimum requirements for ownership are $50,000 in liquid capital and $300,000 in net assets.
For veterans: Through our partnership with VetFran, TeamLogic IT is proud to offer $9,500 off the initial franchise fee to honorably discharged veterans who have served our country.
Financing: While TeamLogic IT doesn’t offer financing directly, we do have access to third-party lenders who can counsel you through the process of securing financing.
Want to take a deeper dive into the startup costs & fees associated with owning a TeamLogic IT Franchise?
Here is a look at other startup costs, as outlined in the Item 7 section of our Franchise Disclosure Document.
| INVESTMENT | AMOUNT | METHOD OF PAYMENT | WHEN DUE | TO WHOM PAYMENT IS MADE |
|---|---|---|---|---|
| Initial Franchise Fee | $40,000 to $49,500 | Lump sum | Upon execution of the franchise agreement | Us |
| Advertising Cooperative Association Fee | Ranges from $0-$500 monthly. Determined by local Advertising Cooperative Association (“ACA”). Optional | Defined by local ACA | We don’t currently have an ACA today, but may in the future. | |
| Marketing | $2,500 | Monthly, paid to various vendors | Monthly; paid to various vendors | You are required to spend a minimum of $2000 monthly for local marketing for the entire contract. Paid to various vendors. |
| Help Desk Service Fee | $1,200 (subject to change by vendor) | One-time set up/on- boarding fee | One time set-up fee if no lapse in use | Pay Vendor directly |
| Software and Technology Fees | $2,100 to $3,500 (subject to change) | Monthly | Prior to Opening for Business | Us & Approved Outside Vendors |
| Vehicle Lease and Graphics | $0 to $450 (lease)/ $100 to $3,000 (graphics) | Lease payment/ Lump sum | As agreed | Approved outside vendor |
| Initial Equipment | $4,125 to $7,400 | Lump sum | Prior to Opening for Business | Various outside suppliers |
| Real Estate Leasehold Improvements | $900 - $1,700 | As incurred | As agreed | Lessor |
| Additional Funds 10 to 12 months | $60,540 - $78,092 | As incurred | As agreed | Various |
| Total Estimated Initial Investment | $111,465 to $147,842 |
| Financing: | Via 3rd party |
|---|---|
| Training: | Available |
| Veteran Discount: | Veterans/First Responders: Standard $25,900, Commercial $45,500 |
| Total Units: | 125 |
|---|---|
| Home Office: | Los Angeles, CA |
| Year Founded: | 1994 |
TeamLogic IT was formed to become the go-to IT team for small and medium-sized businesses. 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 also offer managed IT services, remote monitoring of computers and networks, and data backup and disaster backup solutions.
TeamLogic IT owners enjoy three revenue streams for their business:
TeamLogic IT franchisees receive 6 days of training at headquarters and ongoing coaching. The training focuses on the company’s four operating systems: Employee Management, Financial Management, Sales & Marketing Management and Technical Management. Operations manuals are provided to support and reinforce the training and serve as an ongoing reference.
The training provides an overview of sales and marketing, the technology that powers the business and how to provide oversight, business and financial management and human resources. 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.
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. TeamLogic IT has been the top-rated technology franchise for two years in a row.
TeamLogic IT franchise owners tend to have executive experience and either hands-on technical experience, or a keen interest in technology.
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