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. 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 |
