TeamLogic IT Franchise Prices, Charges, Revenues, Income (2023 Evaluate)

On this unique Franchise Chatter FDD Speak put up, you’ll study the next:

Part I – Estimated preliminary funding (franchise prices) for a TeamLogic IT franchise, based mostly on Merchandise 7 of the corporate’s 2022 FDD

Part II – Preliminary franchise payment, royalty payment, and advertising payment for a TeamLogic IT franchise, based mostly on Objects 5 and 6 of the corporate’s 2022 FDD

Part III – Variety of franchised and company-owned TeamLogic IT shops firstly of the 12 months and the top of the 12 months for 2019, 2020, and 2021, based mostly on Merchandise 20 of the corporate’s 2022 FDD

Part IV – Information updates on the TeamLogic IT franchise alternative

Part V – Presentation and evaluation of TeamLogic IT’s monetary efficiency representations (common revenues and/or income), based mostly on Merchandise 19 of the corporate’s 2022 FDD, together with data on the:

• 2021 common, median, highest, and lowest gross income, by quartile, for the 129 TeamLogic IT franchisees (representing 199 companies) who had operated for not less than 24 months as of December 31, 2021 and who reported their gross income to TeamLogic IT throughout the reporting interval

Part VI – Key ratios, comparables, computations, and analyses for the TeamLogic IT franchise alternative (unique content material for Platinum subscribers)

Part I – TeamLogic IT Franchise Prices

• TeamLogic IT franchise prices, based mostly on Merchandise 7 of the corporate’s 2022 FDD:

• Preliminary Franchise Charge:  $40,000 to $45,000
• Promoting Cooperative Affiliation Charge:  $0 to $500 month-to-month; decided by native Promoting Cooperative Affiliation
• Advertising:  $2,000
• Assist Desk Service Charge:  $1,200
• E-mail Internet hosting:  $3.36 to $16.80 per electronic mail person
• Software program Charge:  $2,100 to $3,500 (whole annual price)
• QuickBooks On-line:  $100 to $150 per 30 days
• Car Lease and Graphics:  $0 to $350 (lease)/$100 to $3,000 (graphics)
• Preliminary Tools:  $4,125 to $7,400
• Actual Property Leasehold Enhancements, Month-to-month Hire:  $750 to $1,500
• Extra Funds for 10 to 12 Months:  $60,540 to $78,092
• Whole Estimated TeamLogic IT Franchise Prices:  $110,918 to $142,709

Part II – TeamLogic IT’s Preliminary Franchise Charge, Royalty Charge, and Advertising Charge

• TeamLogic IT’s preliminary franchise payment, royalty payment, and advertising payment, based mostly on Objects 5 and 6 of the corporate’s 2022 FDD:

• Preliminary Franchise Charge:  $45,000
• Persevering with Franchise Charges:  better of seven% of Gross Gross sales or month-to-month minimal beginning with the thirteenth month; the month-to-month minimal shall be $1,000 a month till the top of the time period of the contract
• Promoting Fund:  there aren’t any Promoting Fund Charges due within the first 12 months. For the rest of the contract, the better of 1.2% of product sales or $200 per 30 days is due and payable to the TeamLogic IT Promoting Fund.

Part III – Variety of Franchised and Firm-Owned TeamLogic IT Shops

Franchised

2019

• Shops on the Begin of the 12 months:  167
• Shops on the Finish of the 12 months:  201
• Web Change:  +34

2020

• Shops on the Begin of the 12 months:  201
• Shops on the Finish of the 12 months:  221
• Web Change:  +20

2021

• Shops on the Begin of the 12 months:  221
• Shops on the Finish of the 12 months:  243
• Web Change:  +22

Firm-Owned

2019

• Shops on the Begin of the 12 months:  0
• Shops on the Finish of the 12 months:  0
• Web Change:  0

2020

• Shops on the Begin of the 12 months:  0
• Shops on the Finish of the 12 months:  0
• Web Change:  0

2021

• Shops on the Begin of the 12 months:  0
• Shops on the Finish of the 12 months:  0
• Web Change:  0

Part IV – Information Updates on the TeamLogic IT Franchise

Part V – Monetary Efficiency Representations (Common Revenues and/or Income) for the TeamLogic IT Franchise (Merchandise 19, 2022 FDD)

Gross Revenues for 2021

1st Quartile

• Variety of Certified Franchisees:  32
• Highest Gross Income in Quartile:  $9,645,176
• Lowest Gross Income in Quartile:  $1,210,314
• Common Gross Income in Quartile:  $2,389,182
• Quantity Exceeding Common Gross Income in Quartile:  8
• Share Exceeding Common Gross Income in Quartile:  25%
• Median Gross Income in Quartile:  $1,719,857

2nd Quartile

• Variety of Certified Franchisees:  32
• Highest Gross Income in Quartile:  $1,186,235
• Lowest Gross Income in Quartile:  $493,357
• Common Gross Income in Quartile:  $766,998
• Quantity Exceeding Common Gross Income in Quartile:  16
• Share Exceeding Common Gross Income in Quartile:  50%
• Median Gross Income in Quartile:  $767,408

third Quartile

• Variety of Certified Franchisees:  32
• Highest Gross Income in Quartile:  $492,623
• Lowest Gross Income in Quartile:  $268,570
• Common Gross Income in Quartile:  $402,462
• Quantity Exceeding Common Gross Income in Quartile:  15
• Share Exceeding Common Gross Income in Quartile:  47%
• Median Gross Income in Quartile:  $391,933

4th Quartile

• Variety of Certified Franchisees:  33
• Highest Gross Income in Quartile:  $260,757
• Lowest Gross Income in Quartile:  $22,977
• Common Gross Income in Quartile:  $142,839
• Quantity Exceeding Common Gross Income in Quartile:  16
• Share Exceeding Common Gross Income in Quartile:  48%
• Median Gross Income in Quartile:  $135,652

• As of December 31, 2021, TeamLogic IT had 173 whole franchisees who operated 243 companies. These franchisees generated $123 million of whole community gross sales.

• Of those whole franchisees, 129 franchisees representing 199 companies had been categorized as “Certified Franchisees,” franchisees who had operated for not less than 24 months as of December 31, 2021 and who reported their Gross Income to TeamLogic IT throughout the Reporting Interval. These franchisees generated a complete of $119 million of community gross sales.

• This monetary efficiency illustration within the above chart covers the Gross Income throughout the 12-month interval from January 1, 2021 till December 31, 2021 (the “Reporting Interval”) for the franchisees who operated their companies for your complete Reporting Interval and for not less than 24 months as of December 31, 2021, and who reported their Gross Income to TeamLogic IT within the Reporting Interval.

• This monetary efficiency illustration doesn’t embrace the outcomes of the 44 franchisees that had been working for lower than 24 months as of December 31, 2021, or the 4 franchisees that closed throughout the Reporting Interval.

• The Certified Franchisees function in numerous markets throughout the nation. The typical size of time that the Certified Franchisees had operated underneath the System as of December 31, 2021, was 6.21 years.

• Some Certified Franchisees (together with 17 within the first quartile, 3 within the second quartile, 1 within the third quartile, and 0 within the fourth quartile of Gross Income) operated a number of companies throughout the Reporting Interval.

• Neither TeamLogic IT nor its associates function any TeamLogic IT Companies.

• “Gross Income” is outlined as all income from all companies {that a} Certified Franchisee derives from working all of its Companies, and contains hourly companies, managed companies, product resale, {and professional} undertaking companies, fee and company income, reseller income, and different (cloud companies, technical assist, break/repair companies, coaching, consulting companies, and different technical companies), whether or not onetime or recurring, and commissions paid by alliance companions and income from {hardware} or software program gross sales. This excludes freight and gross sales tax.

• TeamLogic IT is a franchised service operation that depends on a business-client base that have to be constructed over time. It might take 2 years or extra to create an operation that gives a statistically correct illustration. Provided that some franchisees don’t full the institution of their Companies within the first 12 months, to incorporate operations youthful than 24 months would present a distorted and unrealistic image of enterprise revenues. TeamLogic IT affords sure reductions and Minimal CFF suspensions for your complete first 12 months in recognition that this time is spent constructing a consumer base.

• As well as, some franchisees have transformed present impartial IT service companies into TeamLogic IT Companies with a full and lively consumer base, whereas different franchisees are beginning new companies with no shoppers. These shops current starkly totally different income profiles of their first 12 months of operations in comparison with conventional, new franchises. Together with solely franchisees which have been operational for not less than 24 months, begins to stability the inherent efficiency and statistical discrepancies on this side of the franchisees’ Gross Income figures.

• As a result of a TeamLogic IT Enterprise franchisee’s income relies upon totally on a recurring base of shoppers developed over a time period, Certified Franchisees who function for longer intervals, and/or who function a number of TeamLogic IT Companies/Territories, usually notice larger (in some circumstances considerably larger) Gross Income, than Certified Franchisees who’ve operated for shorter intervals or who function just one Enterprise/Territory.

• Every of the Certified Franchisees affords primarily the identical services and products that TeamLogic IT expects new TeamLogic IT Enterprise franchisees to supply, and every receives primarily the identical companies from TeamLogic IT that it expects new franchisees to obtain. The Certified Franchisees additionally face usually the identical competitors from different comparable companies that TeamLogic IT expects new franchisees will face.

• Some shops have offered this quantity. Your particular person outcomes might differ. There isn’t a assurance that you simply’ll promote as a lot.

Part VI – TeamLogic IT Franchise Ratios, Comparables, Computations, and Analyses (Unique Content material for Platinum Subscribers) ⬇️