What Are Startup Costs for a TeamLogic IT Franchise?

For B2B sales pros looking for an affordable business opportunity, TeamLogic IT is a wise choice

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.

The total costs to invest in a TeamLogic IT franchise are $143,300 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 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 $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 to take 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 $45,000 Lump sum Upon execution of the franchise agreement Us
Advertising Cooperative Association Fee Ranges from $50 - $500 monthly. Determined by local Advertising Cooperating Association Defined by local ACA We cannot form, change or dissolve an ACA without a majority vote of the ACA's members.
Marketing $2,000 Monthly, paid to various vendors After the first 12-Month Marketing Program, you are required to spend a minimum of $2,000 per month on local advertising. 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
E-Mail Hosting Ranges from $3.36 to $16.80 per email user Monthly Payable to approved outside vendor
Software Fee $2,100 to $3,500
(subject to change)
Monthly Lump Sum Prior to Opening for Business Us & Approved Outside Vendors
QuickBooks Online
$100 - $150 per month Per Vendors Direction Prior to Opening for Business Pay Vendor Directly
Vehicle Lease and Graphics Package (Optional) $0 to $350 (lease)/ $100 to $3,000 (graphics) Lease payment/ Lump sum As agreed Approved outside vendor
Initial Equipment $4,425 to $7,000 Lump sum Prior to Opening for Business Various outside suppliers
Real Estate Leasehold Improvements $750 - $1,500 As incurred As agreed Lessor
Additional Funds 6 to 8 months $55,140 - $85,397 As incurred As agreed Various
Total Estimated Initial Investment $106,375 to $146,300

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