CMIT Solutions

Overview

Website: www.cmitfranchise.com

Franchise Fee: $49,950

Royalties: 6%

Cash Investment: $150,000

Total Investment: $101,950 - $158,950

Net Worth: $350,000

VetFran: Yes

SBA Approved: Yes

Master Franchise / Area Developer Opportunity: No

Additional Details

Description of the business: CMIT Solutions is focused on providing Information Technology Services to Small/Medium Businesses. This market is huge ($600B+) and growing. Franchisees build trusted long-term relationships with clients. Long-term flat rate contracts provide predictable revenue while giving customers better and more consistent proactive support. 10 typical customers (8 PCs, 1 Server) bring franchisee to break-even.
Features of business – Long-term relationships with small business customers – CMIT becomes the outsourced IT provider – one stop shop for all computer needs. CMIT provides full back-office support including a 24 x 7 Network Operations Center and Help Desk providing client access during standard business hours nationwide. CMIT also provides business continuity, cloud and hosted solutions.
Function of the owner/daily tasks – Networking & Sales, identifying technology challenges with local business owners, manage client relationships – building a “Trusted Advisor” role with clients. Scalable business model with few employees, low overhead and high margins.
Desired background of prospects and Ideal candidate - Looking for people with business backgrounds and sales/mktg experience. Candidates with IT management experience are a big plus. Must be strong leader, have a passion for achieving results through others, be a good judge of character and have an affinity for building long-term client relationships. The key is building trusted Business to Business relationships.
WHY CMIT Solutions?
Low start-up costs
Home based business
Multiple revenue streams
Recurring revenue with no cap
Recession resilient (no brick & mortar r
OUR IDEAL FRANCHISEE
Full time owner (no semi-absentee)
Networker & relationship builder
Marketing & sales background – No IT Background required!
AVAILABLE MARKETS
US markets available: ALL registration states
HOT Regions/Desirable: All available
NOT available: Not registered in HI, ND, SD
Available in Canada: No
International Referrals: No
BACKGROUND
Year founded: 1996
Year Franchised: 1998
Number of franchises currently operating: 257
Number of corporate owned franchises: 2
Home Based: Yes
Absentee ownership available: No
Semi-Absentee ownership available: No
Accepting Master Franchisor and Area Developer Referrals: No
Average number of employees required: 2
E2 Visa Friendly: Yes
FINANCIAL DETAILS
Franchise Fee: Single: $49,950
Providing earnings guidance in Item 19 in FDD: Yes
Total investment range: Single Unit: $101,950 to $158,950 includes 6 months of working capital
Net worth requirement: $350,000
Royalty: 6%
Additional fees: 2% MDF
Financial assistance available: No
VetFran program: Yes, 20% Vet discount
SUPPORT & TRAINING PROVIDED:
Training and support program details:
3 weeks pre-training checklist of tasks followed by 1 week of on-site training in Austin, Texas. Follow up coaching provided.
Cost for Training: $0
Lodging and airfare included: No
Site Selection Assistance: No
Lease Negotiation Assistance: No
Mentor following training: Yes
Length of mentoring Franchisee: Ongoing
My Notes
Updated:
Add Notes
Save Notes
Cancel

Why CMIT Solutions?

Our Ideal Franchisee

Available Markets

Background

Year founded: 1996

Year Franchised: 1998

Home Based: Yes

Financial Details

Franchise Fee:$49,950
Providing Earnings Guidance in Item 19 in FDD:Yes
Total Investment Range: Single Unit: $101,950 - $158,950
Net Worth Requirement:$350,000
Royalty:6%
VetFran Program:Yes

Available Resales

There are currently no resales listed for this franchise.

Support & Training Provided

Training and support program details: