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CMIT Solutions
Offers IT Managed services and computer support to small businesses. Franchise can be home-based, as we service the clients remotely or at their place of business.
Franchisor Background
Year Established: 1996Franchising Since: 1996IFA Member
Operating Units: Franchised Units: 125 100% Company-Owned Units: 0 0% ______ _____ Total Operating Units: 125 100% Geographic Distribution: U.S.: 130 100% In 32 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries ______ _____ Total: 130 100% North America: States/Provinces with the largest number of operating units: Density Units
Registered in Following Registration States: California, Illinois, Indiana, Maryland, Minnesota, New York, Rhode Island, Virginia, Washington, Wisconsin Financial Requirements
Investment: Minimum Net Worth: $300K Cash Investment: $45-74.2K Total Investment: $100-125K Average Total Investment: $113K Fees: Initial Franchise Fee: $49.5K Average Franchise Fee: $52K On-Going Royalty: 6-0% Average Royalty: 5% Advertising Fee: 2%
Average Number of Employees: 1-2 Full-time, 1-2 Part-timeSpace Needs (in square footage): N/APreferred Sites: Other Sites: Encourage Conversions? YesEarnings Claims Provided? YesListed in the SBA Registry? YesSupport and Training
International Franchise Association: Yes Canadian Franchise Association: No Franchisee Association/Member: No Size of Corporate Staff: 17 Site Selection Assistance? Not Applicable Lease Negotiation Assistance? Not Applicable Financial Assistance? No Marketing Support: Co-Op Advertising: No National Advertising: No Regional Advertising: No Local Advertising: No Marketing Materials: None Specified Additional Services: None Specified Other Marketing Support: Centralized marketing services. On-Going Support: Central Data Processing: Included in Fees Central Purchasing: Included in Fees Field Operation Evaluation: Included in Fees Field Training: At Additional Cost Initial Store Opening: Not Applicable Inventory Control: Not Applicable Franchisee Newsletter: Included in Fees Regional or National Meetings: Included in Fees 800 Telephone Hotline: Included in Fees Training: 1. Austin, TX 2 Weeks 2. Jump Start 2 Weeks
Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important): Financial Net Worth: 2 General Business Experience: 3 Specific Industry Experience: 4 Formal Education: 2 Psychological Profile: 4 Personal Interview(s): 4
Minority Representation
Units Owned by Minorities: African-American: 3 Asian-American: 4 Hispanic: 3 Native American: 0 Other: N/A Specific Minority: Managerial Training
Terms of Contract
Term of Initial Contract: 10 Year(s) Term of Renewal Period: 10 Year(s) Passive Ownership: Not Allowed Area Development Agreements? Yes, for 1 Year(s) Sub-Franchising Contracts? No Franchisees Allowed to Expand Within Territory? No
Expansion Plans
Projected New Units Over Next 12 months: 20
U.S.: Yes, All United States Canada: No Overseas: No
