TeamLogic IT Offers Fee-Free Franchises to Veterans

TeamLogic IT is waiving its $40,000 fee for up to ten veterans who apply and qualify for a franchise by the end of 2012. It's first come, first served, and preference is given to service members coming home from Iraq and Afghanistan.

At least one fee-free TeamLogic IT franchise has already been awarded, to Dawn and Mark Kelly in Colorado Springs. They are both veterans of the Air Force and are helping to promote the program, which is done in partnership with the Veterans Transition Franchise Initiative.

What to Expect

TeamLogic IT focuses on small and medium-sized businesses. Services include data backup and recovery, server installation and support, computer setup and repair, and remote diagnostics. Franchisees need not be technicians themselves, but experienced in dealing with business concerns.

The application process involves five steps:

1. Your initial inquiry

2. A Request For Consideration (RFC) financial document that you complete

3. Review of the Franchise Disclosure Document (FDD) with a franchise consultant

4. A visit to TeamLogic IT's corporate offices to meet the executive management team

5. Acceptance as a franchisee

Once established, you can hire other veterans as technicians through the IT-Ready Apprentice Program.

Other Investment Required

Keep in mind that there are costs other than the franchise fee to consider. TeamLogic IT estimates range from $45,100 to $68,500 for software licenses, an initial equipment package, initial employee wages, utilities and other miscellaneous costs, as well as $3,950 for vehicle graphics and $50,000 of required liquidity. As always, consult your attorney and accountant before investing in a TeamLogic IT franchise.

Are you thinking of making a move from military service to owning a computer franchise business? Tell your story in the COMMENTS!

Creative Commons Image Source: flickr Naval History & Heritage Command