TeamLogicIT Keeps Streak Alive On Franchise Times’ Fast & Serious List
Attention to franchise growth alongside a growing roster of products and services thanks to strong vendor agreements are highlights
It’s a three peat for TeamLogic IT on the Franchise Times Fast & Serious list! Once again, this respected franchise-industry publication has chosen this rapidly growing IT franchise opportunity for a coveted spot. This year TeamLogic IT came in at No. 19, a six-spot jump from 2020.
The list touts companies who are growing fast — and smart. As a technology franchise providing managed IT services through a subscription model to small and medium-sized businesses, TeamLogic IT is well positioned to respond to cybersecurity and other hot-button issues affecting its clients, says President and COO, Dan Shapero.
Subscription Model Continues to Drive Franchise Growth
“Companies are relying on their IT more than ever before. The beauty of the subscription model is recurring revenue,” Shapero told Franchise Times. The numbers bear that out: TeamLogic IT grew sales and units 76% and 47.8%, respectively, from 2017 to 2019.
That expansion is fueled by the managed IT services model, which provides steady, predictable revenue to franchise owners while also giving their clients a trusted partner, rather than a break-fix vendor, for their ongoing and expanding IT needs.
And the company continues to evolve its offerings as technology changes. Just two years ago, the company launched Cybersecurity Essentials, a bundle of services to counter the cybersecurity threat. That kind of rapid response to a major need will continue to drive interest in, and growth for, TeamLogic IT, Shapero predicts.
Responsiveness To Market Needs Fuels Success
“Our franchisees are the backbone of our success,” he says. “We saw steady demand for the TeamLogic IT brand during 2020, and our franchise network continued to deliver essential IT services to small- to medium-size businesses making us one of the most resilient businesses in our segment.”
TeamLogic IT experienced double-digit sales growth and expanded its footprint across the country to include more than 200 locations in 2020. The company was named a “recession proof” business by Franchise Business Review and continued to be attractive to entrepreneurs looking to start their own business even during the COVID-19 pandemic.
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 250 locations around North America and continues to expand in both new and existing markets.