What Are the Startup Costs for a TeamLogic IT Franchise?

For life and business coaches looking for an affordable business opportunity, TeamLogic IT is a wise choice

If you’re ready to enter into a new career as 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.

The total costs to invest in a TeamLogic IT franchise are $142,709 to launch a new franchise, and this cost includes a franchise fee, which ranges from $40,000 to $45,000. 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 to 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 $5,000 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 a deeper dive into the 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

Request Franchise Information

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. You don't need to consent as a condition of any purchase, and you can revoke consent at any time. Message and data rates may apply. You also agree to TeamLogic, Inc.’s Privacy Policy.