TeamLogic IT Wraps 2021 With Triple-Digit Growth Over 3 Years
Leading IT and cybersecurity franchise opportunity continues record growth and preps for a solid 2022 as the U.S. economy heats up
First, start with a needed service. Then, create a business model for a it franchise that benefits owners as much as clients. After that, simply stand back and watch the growth happen.
Sounds pretty basic, and it’s exactly what the TeamLogic IT technology franchise founders did close to two decades ago. And it’s been paying off ever since, including three-year revenue growth of 104% and hitting more than $100 million in network sales in April 2021 — and a jump of more than 24% from June 2020 to June 2021.
A business model that benefits both sides
The combination of turnkey IT support and a managed IT services contracting model was something entirely new to the tech support industry, and it wasn’t long before TeamLogic IT franchise locations were popping up around the country, says Chuck Lennon, Executive Vice President.
“The old model was all about ‘break-fix,’ or just doing one-off repairs,” Lennon explains. “There was no capacity to offer new services, or equipment. There was no real loyalty between the IT-repair business owner and their clients. What TeamLogic IT did was create a business that acted as a trusted partner to clients, and so built relationships over time. That led to referrals, and more growth, which then built on itself.”
Managed IT services creates stable, predictable revenue
TeamLogic IT also pioneered in the franchising industry what is now known as the managed services provider, or MSP, model. By setting up IT service and support as a contracted expense, TeamLogic IT franchises help small businesses by offering a predictable service that works with a variety of budgets. And the franchise owner benefits by having a monthly revenue stream in place to serve as foundational income while they continue to grow the business.
“Over the years, we have seen TeamLogic IT expand from hardware and software support to become a cybersecurity franchise, a cloud-based computing franchise … just about any IT a business has, we can sell, service and support it,” Lennon says. “Companies of all sizes have shown they are more than willing to pay for that expertise, and that’s why we’re at more than 250 locations today and looking to even more explosive growth in 2022.”
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.