TeamLogic IT VP Talks Industry Changes With Franchise Times
IT Franchising Pro Chuck Lennon Talks Industry Changes
When Franchise Times ranks business opportunities, it segments them into categories. One of those, business services, includes the rapidly evolving IT services and support niche. And it’s huge: Business services franchises on the Franchise Times Top 500 combined expect to grow sales 25.6 percent in 2021, to $7.9 billion.
Recently, Franchise Times sat down with TeamLogic IT’s Executive Vice President, Chuck Lennon, to talk about managed IT services and how TeamLogic IT plans on maintaining growth in an always evolving industry.
“The business model has grown in scope and demand, as small businesses’ dependency on IT support has grown a great deal, and so has our product offering,” Lennon told the reporter. “At the beginning, we were going in when something was broken. We’d fix it and install new hardware or servers. But now, things like cloud computing, cyber security and mobility issues allowed us to grow in a big way.”
Positive Growth for TeamLogic IT
Lennon added that the IT needs of many small businesses are much greater than in the past, resulting in a great deal of sales growth for TeamLogic IT.
“Our same-office-sales year over year has been in the 30 to 35 percent range,” Lennon said. “This year, we’re tracking at 34 percent. The forecast for our industry is extraordinarily strong, with the dependency on technology only increasing, and we don’t see any hurdles in our future that leave us with any concern.”
Indeed, TeamLogic IT smashed its own records in 2022. The brand’s footprint expanded by 22 new offices in 2022, upping total operations to 261 locations across the U.S., Puerto Rico, and Canada.
Join the Industry-Leading IT Franchise
TeamLogic IT is the technology franchise small and medium-sized businesses increasingly rely on for turnkey support. TeamLogic IT’s managed IT services contracts give clients peace of mind around their technology needs, and provide franchise owners with a steady, predictable revenue stream. The company now serves a wide and growing variety of clients in every business sector, from tourism and hospitality to healthcare, legal, and accounting. Along the way, TeamLogic IT has grown to more than 260 locations around North America and continues to expand in both new and existing markets.
To learn more, start by visiting our research pages here. If you’re ready to start a conversation with our franchise team and take the next steps to franchise ownership, fill out our inquiry form here. We’ll be in touch with a complimentary copy of our Franchise Information report, containing more information about the TeamLogic IT franchise opportunity, and will be able to answer any questions you may have.