TeamLogic IT Franchise Wraps Up Strong 2019 and Preps to Power Into 2020
Strong growth in current locations coupled with new franchises coming online shows a strong technology franchise that’s poised for even more success
When TeamLogic IT opened its first technology franchise more than a dozen years ago, it was a novel concept: rather than just doing break-fix work, it would rely on managed IT services to create a predictable, and growing, monthly income for the franchise owner. Would it work?
Yes. Flash forward to 2019, when TeamLogic IT technology franchise locations are closing in on the 200 mark, and sales figures continue to double year over year. That would be impressive on its own, and in an environment where there are now many other players trying to replicate what TeamLogic IT started all those years ago, it’s even more so.
Same-store sales continues trend of strong growth
In 2019, TeamLogic IT’s overall sales were up 23 percent over 2018, continuing a growth trend that goes back several years. That growth has come alongside strong physical growth as TeamLogic IT nears its 200th franchise, which bodes well for the brand’s future, says Chuck Lennon, Executive Vice President.
“If we were doing this well financially, but not adding brick-and-mortar locations, that could be a concern,” Lennon says. “The reverse would be true as well. If expansion was happening but income was down, that would be an issue. In our case, it’s a win on both sides of that very important equation.”
Expansion happening in new and current markets
As TeamLogic IT closes in on franchise No. 200, it’s benefiting from growth in new cities and states. There also are plenty of new TeamLogic IT technology franchises in current markets where savvy entrepreneurs see the brand’s success and grab up remaining territories.
“We love to go into an entirely new market and plant the TeamLogic IT franchise flag,” Lennon says. “That’s great for us in terms of overall growth. At the same time, we are gratified when someone reaches out to us from a market where we have a strong presence, wanting to find out if there are any territories left. That means entrepreneurs are seeing what we’re doing, and they want to get on board. We saw a lot of that in 2019 and are really excited about where TeamLogic IT is going in 2020.”
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 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.