TeamLogic IT Repeats On Franchise Gator’s Top 100 Franchises List
Annual ranking is a “who’s who” of top franchise names, and TeamLogic IT continues to place thanks to strong growth and solid owner support
As more entrepreneurs decide to become TeamLogic IT franchise owners, the brand’s continued growth surge is making it even more appealing to industry watchers. For proof, look no further than Franchise Gator’s top 100 Franchises of 2018, where the brand took the No. 22 spot, a 17-point jump from the previous year.
“TeamLogic IT is really coming into its own in many ways,” says Chuck Lennon, President. “Many of our franchise locations are now more than a decade old, so they have a solid history of growth to showcase. And we continue to post double-digit revenue growth year over year, as well as multiple new openings.”
Recurring revenue streams called out
In its exploration of TeamLogic IT’s differentiators, Franchise Gator mentioned three key elements: the managed IT services model that TeamLogic IT pioneered, and its resulting predictable revenue stream for franchise owners; software and hardware sales, which provide another income stream for owners; and the ability to do single-project work, another way revenue can be generated on an ongoing basis.
“When TeamLogic IT began, the business model for IT service and repair was the ‘break-fix,’ type of solo jobs,” Lennon explains. “We took that as a base, and then developed the idea of an ongoing, monthly contract. Those managed IT services have paid huge dividends for our owners, giving them an ongoing income stream while also positioning them to be first in line for IT-related additions and enhancements their customers might need.”
30+ new franchises opened in 2017
After hitting the 100 location milestone in 2016, TeamLogic IT added more than 30 franchises to the national network in 2017. That continued growth only deepens the brand’s reach, but also gives each franchise owner a deeper bench of technicians and other owners to learn from, and partner with, going forward.
“When one of our franchise owners sells expertise, they’re talking about the value everyone else on the team offers,” Lennon says. “It’s very commonplace for TeamLogic IT franchise owners to communicate questions and concerns with each other, and for their techs to share expertise as well. That’s another way that our growth is only strengthening our brand value.”
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 130 locations around North America, and continues to expand in both new and existing markets.