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CMIT Solutions
Offers IT service and computer support to small businesses. Franchise can be home-based, as we service the client at their place of business.
Franchisor Background
Year Established: 1994
Franchising Since: 1998
Operating Units:
Franchised Units: 123 100%
Company-Owned Units: 0 0%
______ _____
Total Operating Units: 123 100%
Geographic Distribution:
U.S.: 123 100% In 32 States
Canada: 0 0% In 0 Canadian Provinces
International: 0 0% In 0 Foreign Countries
______ _____
Total: 123 100%
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, Washington, Wisconsin
Financial Requirements
Investment:
Minimum Net Worth: $200K
Cash Investment: $40-74.2K
Total Investment: $150-250K
Average Total Investment: $200K
Fees:
Initial Franchise Fee: $39.5K
Average Franchise Fee: $40K
On-Going Royalty: 6%
Average Royalty: 6%
Advertising Fee: 2%
Average Number of Employees: 0 Full-time, 6-10 Part-time
Space Needs (in square footage): N/A
Preferred Sites:
Other Sites:
Encourage Conversions? No
Earnings Claims Provided? No
Listed in the SBA Registry? No
Support and Training
International Franchise Association: Yes
Canadian Franchise Association: No
Franchisee Association/Member: No
Size of Corporate Staff: 15
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: None Specified
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: Not Applicable
Regional or National Meetings: Included in Fees
800 Telephone Hotline: Included in Fees
Training:
1. Austin, TX 1 Week
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: 2
Hispanic: 2
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: 60
U.S.: Yes, All United States
Canada: No
Overseas: No
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