TeamLogic IT Franchise Continues Several Year Streak of Being Named to Annual “Franchise 500” List
The top-rated IT franchise is named a best-bet investment by Entrepreneur magazine on prestigious annual list
TeamLogic IT, one of the fastest growing IT services franchises in the nation, has once again been named to Entrepreneur magazine’s annual Franchise 500 list for 2020.
For the past 41 years, the Franchise 500 has not only become a competitive measure for franchisors, but also serves as a primary research tool for potential franchisees. TeamLogic IT’s position on the ranking is a testament to its strength as a franchise opportunity.
Founded in 2005, TeamLogic IT has grown to more than 200 franchise locations across the nation. How did we do it? By focusing on helping small- and medium-sized businesses navigate the ever-changing world of technology and by delivering solutions that keep these businesses safe, secure and operational. As a result, our thriving technology solutions franchise has become one of the most trusted, top-rated brands in the booming Managed IT Services industry, which is expected to reach $81 billion in 2020, according to Statista.
“I say this every year and am glad to be saying it again: We are delighted to be included on the Entrepreneur Franchise 500 list,” says Chuck Lennon, Executive Vice President. “This is the gold standard of franchise rankings, because Entrepreneur’s editorial review team goes way past a superficial skimming of performance numbers and really dives into the fundamentals of what a brand offers, from training and support to R&D and concept longevity. We’re in again, which means we’re ticking off all the boxes.”
Standout With TeamLogic IT in the Booming Managed IT Services Industry
TeamLogic IT is one of the most forward-thinking IT franchises in the nation. The break-fix model that dominated the IT industry for years is no longer acceptable to small- and medium- sized businesses who require the 24/7 consultative approach and comprehensive solutions that our thriving IT franchise delivers.
The best part? As a business opportunity, this focus on IT Managed Services provides our franchise owners the opportunity to meet a real need in their community while also benefiting from predictable cash flow in a business designed for growth.
Even better, TeamLogic IT is one of the most affordable opportunities in the industry. It costs $104,750 to convert an existing business and $143,300 to launch a new franchise. These costs include access to a proven business model, robust support platform, and ongoing coaching from exceptional leadership that is committed to your success.
“There’s never been a better time to invest in a TeamLogic IT franchise business,” says Chuck Lennon, Executive Vice President of TeamLogic IT. “The whole idea of Managed IT Services has become the norm, and this makes sense. The dependence on technology has never been greater, and the small businesses we serve cannot afford to be hacked, and if their networks go down, they’re essentially out of business. There’s very little tolerance for downtime. Our franchise owners benefit, and today, 50 to 70% of their revenue comes from recurring Managed IT Services, which means they have a predictable stream of revenue that allows them to grow effectively over the long-term.”