- 2024 Franchise 500 Rank
-
#485 Ranked #285 last year
- Initial investment
-
$102K - $155K
- Units as of 2023
-
254 6.3% over 3 years
Founded in 1994 and based in Austin, Texas, CMIT Solutions is an IT service company that offers managed services and solutions to small and medium-sized businesses. They strive to ensure that these businesses don't have to worry about keeping their data safe, allow for increased productivity through efficient processes, minimize downtime caused by IT redundancy, and defend networks from intrusion and malware.
CMIT Solutions combines a national company's technical resources, personalized local services, partnerships, and reliable technical support. This might make them capable of offering IT services that are enjoyed by large companies and small businesses alike.
The IT solutions provider's services typically include data recovery and backup, email hosting, hardware purchases, anti-spam solutions, and other general IT services.
Why You May Want to Start a CMIT Solutions Franchise
CMIT Solutions offers an IT solution business opportunity. By starting a franchise with the company, you might get the freedom and flexibility of running your own business using proven systems. You could also benefit from expertise and support from individuals who have been in the IT game for many years. Your business may enjoy being in partnership with a national brand.
By operating a CMIT Solutions franchise, you might take control of many aspects of your life, including your family, time, and business life.
The IT services sector may not find itself affected by downturn cycles that continue to put ventures in other industries out of business. In America, there are countless businesses that are in desperate need of IT solutions. You may be able to tap into this market by operating a CMIT Solutions franchise.
What Might Make Opening a CMIT Solutions Franchise a Good Choice?
For an investment to be termed 'good,' it typically should have a good system, a vast market, and most importantly, be affordable and low-risk. CMIT Solutions strives to meet all these qualifications. The IT and technology landscape may be poised to grow broader as businesses continue to become more tech-dependent in their operations.
The company requires a franchise fee along with other startup costs. This will make up your initial investment. After fulfilling these financial requirements, the company generally grants you a license to operate under their registered brand name.
Over the years, the company has established and refined the business model and systems used by more than 235 franchise locations. CMIT Solutions also typically has an excellent reputation for retaining clients to whom they offer business computer support.
How Do You Start a CMIT Solutions Franchise?
It is quite simple to start a CMIT Solutions franchise. To start, submit an inquiry form. From the information you provide in the form, one of CMIT Solutions’ franchise development associates might contact you. The associate generally attempts to talk with you about your business interests to determine if an IT service and technology solution franchise is right for you.
If you choose to proceed, you may file a simple request that outlines how your interests align with CMIT Solutions’ mission, market strategy, and vision. Arrangements usually then are made as you begin the due diligence process of becoming a franchisee.
Company Overview
About CMIT Solutions
| Industry | Tech Businesses |
|---|---|
| Related Categories | IT Services, Miscellaneous Business Services, Miscellaneous Services, Miscellaneous Tech Businesses |
| Founded | 1994 |
| Leadership | Roger Lewis, CEO |
| Corporate Address |
9433 Bee Cave Rd., Bldg. 3, #210 Austin, TX 78733 |
| Social | Facebook, Twitter, LinkedIn, YouTube |
Business Overview
| Franchising Since | 1998 (26 years) |
|---|---|
| # of employees at HQ | 24 |
| Where seeking |
This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming |
| # of Units | 254 (as of 2023) |
|
|
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Information for Franchisees
Here's what you need to know if you're interested in opening a CMIT Solutions franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$49,950 - $54,950 |
|---|---|
|
Initial Investment
|
$101,950 - $154,950 |
|
Net Worth Requirement
|
$250,000 - $350,000 |
|
Cash Requirement
|
$100,000 - $150,000 |
|
Veteran Incentives
|
20% off franchise fee |
|
Royalty Fee
|
6% |
|
Ad Royalty Fee
|
2% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | CMIT Solutions has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | Ongoing |
|---|---|
| Classroom Training | 80 hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
Yes |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 1-10 |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where CMIT Solutions landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where CMIT Solutions ranked on other franchise lists? Find out below.
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