TeamLogic IT

Overview

TeamLogic IT is a managed services provider (MSP) franchise that focuses on delivering IT solutions to small and medium-sized businesses (SMBs). The brand offers outsourced IT services such as network monitoring, cybersecurity, cloud services, and IT consulting. Established in 2005 as part of Franchise Services, Inc., TeamLogic IT has since grown into a significant player in the MSP industry, with a network of franchised locations across the United States.

History

TeamLogic IT was founded in 2004 by Franchise Services, Inc., a company with a history in franchising, particularly in the printing and business services sectors. The franchise began operations in 2005 and has benefited from the parent company's extensive experience in franchise development. Over the years, TeamLogic IT has leveraged this foundation to expand rapidly, becoming a trusted name in IT services for SMBs.

Investment Breakdown

Investing in a TeamLogic IT franchise typically requires an initial investment ranging from $110,918 to $142,709. This amount covers various startup costs, including franchise fees, equipment, initial marketing, and working capital. The ongoing royalty fee is structured as the greater of 7% of gross sales or a monthly minimum, starting in the 13th month of operation. Additionally, there are marketing fees that also play a significant role in the ongoing costs for franchisees.

Industry Snapshot

The managed services industry is experiencing significant growth, driven by the increasing reliance on technology among SMBs and the rising need for cybersecurity and IT infrastructure management. TeamLogic IT is well-positioned within this industry, offering comprehensive services that address the evolving needs of businesses. As the demand for outsourced IT solutions continues to grow, franchises like TeamLogic IT are expected to benefit from this trend, making it a promising opportunity for investors.