TeamLogic IT Posts Substantial Year-Over-Year Growth Figures
Strong growth across the franchise network continues to support the brand’s business model of managed IT services and related support
TeamLogic IT technology franchise owners are a busy group, based on the numbers that were discussed at the brand’s recent Owners Summit. One major standout in a roster of good economic news? Yet another year of double-digit growth across the franchise network.
TeamLogic IT’s overall sales are up 23 percent over the same period from 2018, continuing a growth trend that has been occurring almost since the brand’s inception. That growth has come alongside strong physical growth as TeamLogic IT nears its 200th franchise, notes Chuck Lennon, Executive Vice President.
Strong numbers backed by solid fundamentals
“As we continue to expand our footprint in the United States and now in Canada, and as we grow in experience as a brand, we continue to see the benefits of early planning,” Lennon says. “The creation of managed IT services contracts, which were a relatively new concept when TeamLogic IT pioneered it in a franchise model more than a decade ago, has really been a game-changer.”
That, along with a deliberate approach to growth that included targeting both urban and suburban communities, allowed the TeamLogic IT franchise opportunity to be obtainable by entrepreneurs in many different kinds of markets, which will only continue going forward, Lennon says.
Continued expansion creates more opportunities
This type of growth also has created a synergy among franchise owners, who, rather than compete for business, often team up to provide a hub of advice, input and technical support to shared clients, further raising the brand’s profile while also boosting the revenues and client count of TeamLogic IT owners in the area.
“We were able to create a nucleus of seasoned TeamLogic IT owners in heavily populated communities, and then fan out into suburban areas that are also target-rich for our consumer demographic — small and medium-sized businesses,” Lennon says. “We have been able to replicate that model all around the United States, and there are still plenty of areas where we either don’t have a presence, or that are ripe for more franchise territories to be awarded.”
TeamLogic IT is the technology franchise smaller businesses increasingly rely on for turnkey support. TeamLogic IT’s managed IT services contracts give clients peace of mind about 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 health care, legal and accounting. Along the way, TeamLogic IT has grown to nearly 200 locations throughout North America and continues to expand in both new and existing markets.