16 frequently asked questions answered with data from the 2024 Franchise Disclosure Document.
The total initial investment to open a TeamLogic IT franchise ranges from $109K to $145K (2024 FDD). This includes the franchise fee, equipment, build-out, inventory, and working capital needed before opening.
View full investment analysisThe initial franchise fee for TeamLogic IT is $50K (2024 FDD). This one-time fee is paid to the franchisor when signing the franchise agreement and covers the right to use the brand, systems, and initial training.
View full investment analysisData sourced from the TeamLogic IT 2024 Franchise Disclosure Document (FDD). Always review the most current FDD and consult with a franchise attorney before making investment decisions.
Yes, a TeamLogic IT franchise requires a physical location (2024 FDD). Franchisees will need to lease or purchase commercial real estate, which is a significant component of the total investment.
View full investment analysisTeamLogic IT charges a royalty fee of 7.0% of gross sales (2024 FDD). This ongoing fee is typically paid weekly or monthly to the franchisor for continued use of the brand and support systems.
View full fees analysisThe total ongoing fee rate for a TeamLogic IT franchise is approximately 8.2% of gross sales (2024 FDD). This includes the royalty fee, a 1.2% marketing/advertising fund contribution, and other recurring charges.
View full fees analysisTeamLogic IT has been involved in 1 litigation cases over the past 3 years (2024 FDD). There are no class action lawsuits pending.
View full litigation analysisNo, the TeamLogic IT franchisor has no bankruptcy filings in their disclosure history (2024 FDD).
View full litigation analysisTeamLogic IT offers protected territory rights to its franchisees (2024 FDD). The franchise agreement includes encroachment protection, preventing the franchisor from placing another unit in your territory. Online sales rights are shared between the franchisor and franchisee.
View full territory analysisTeamLogic IT currently operates 311 locations (2024 FDD) (311 franchised, 0 company-owned). The system grew by 10.3% over the past year. The 3-year compound annual growth rate is 5.3%.
View full growth analysisThe 1-year franchisee turnover rate for TeamLogic IT is 3.5% (2024 FDD). This includes closures, terminations, non-renewals, and transfers. A lower turnover rate generally indicates higher franchisee satisfaction and system stability.
View full growth analysisAccording to the TeamLogic IT FDD Item 19 financial performance representation (2024 FDD), the median gross sales per unit is $908K (average: $1.3M).
View full financials analysisThe initial franchise agreement term for TeamLogic IT is 10 years (2024 FDD). The total potential term is 10 years.
View full contract analysisTeamLogic IT's post-termination non-compete clause restricts former franchisees from operating a competing business for 2 years within 25 miles of the former location (2024 FDD).
View full legal analysisYes, TeamLogic IT's franchise agreement requires mandatory arbitration for dispute resolution (2024 FDD). The agreement includes a jury trial waiver.
View full legal analysisTeamLogic IT provides 44 hours of initial training over approximately 1 weeks (2024 FDD). The cost of training is covered by the franchisor (travel and lodging are typically the franchisee's responsibility). Ongoing field support is provided on a as-needed basis.
View full support analysisYes, TeamLogic IT provides site selection assistance to help franchisees find the right location (2024 FDD). The franchisor also provides technology support and systems.
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