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What Are The Startup Costs For a TeamLogic IT Franchise?

How much does it take to start Franchise Business Review’s top-rated technology franchise?

Technology Franchise in Action

Startup costs for TeamLogic IT, which has been named Franchise Business Review’s top technology franchise for five years in a row (2012, 2013, 2014, 2015 and 2016), range from $104,750 to convert an existing business to $143,300 to launch a new franchise.

TeamLogic IT Technology FranchisesThat includes a $40,000 to $45,000 franchise fee that pays for the rights to operate as part of the brand; a week of intensive training at TeamLogic IT University; the creation of marketing, advertising and collateral material, as well as radio scripts; the creation of a local website for your business; a vetted list of 1,500-2,000 businesses within your territory that match the criteria for an ideal client; and access to our Business Management Software System for accessing a library of technical and business knowledge, and reaching out to other TeamLogic IT owners and technicians for troubleshooting support. TeamLogic IT also uses part of the fee to fund the first three months of local marketing for your business, which gives you time to focus on operations during your startup phase.

Because our veterans have already proven their capacity for leadership and following systems and processes, TeamLogic IT is pleased to offer, through our partnership with VetFran, $5,000 off the initial franchise for any honorably discharged or retired military veteran who desires to fulfill their dream of entrepreneurship. This offer makes helps to make TeamLogic IT an especially affordable opportunity for our country’s brave men and women, who have given so much in the way of service to our nation.

We look for candidates with liquidity of $50,000 and a net worth of $300,000.

Here is a look at other startup costs, as outlined in the Item 7 section of our Franchise Disclosure Document.

InvestmentAmountMethod of PaymentWhen DueTo Whom Payment is Made
Total Estimated Initial Investment$104,750 to $143,300
Initial Franchise Fee$40,000 to $45,000Lump sumUpon execution of the franchise agreementUs
Software Fee$2,100 to $3,500
(subject to change)
Monthly Lump SumPrior to Opening for BusinessUs & Approved Outside Vendors
QuickBooks Online
$100 - $150 per monthPer Vendors DirectionPrior to Opening for BusinessPay Vendor Directly
Vehicle Lease and Graphics Package (Optional)$0 to $350 (lease)/ $100 to $3,000 Lease payment/ Lump sumAs agreedApproved outside vendor
Initial EquipmentFrom $3,000 to $5,000Lump sumPrior to Opening for BusinessVarious outside suppliers
Real Estate Leasehold ImprovementsMonthly rent: $750 - $1,500As incurredAs agreedLessor
Additional Funds 6 to 8 months$58,700 to $84,800As incurredAs agreedVarious

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