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Updated RecentlyCMIT Solutions vs Fast-teks Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of CMIT Solutions vs Fast-teks including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $94,470 - $127,350 | $45,000 - $60,000 |
| Franchise Fee | $49,950 - $57,700 | $27,750 |
| Royalty Fee | 6% | 7% |
| Advertising Fee | 2% | - |
| Year Founded | 1994 | 2003 |
| Year Franchised | 1998 | 2004 |
| Term Of Agreement | 10 years | 7 years |
| Term Of Agreement | 10 years | 7 years |
| Renewal Fee | $1000 | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | No/No |
| Start-up Costs | No/Yes | No/No |
| Equipment | No/Yes | No/No |
| Inventory | No/Yes | No/No |
| Receivables | No/No | No/No |
| Payroll | No/Yes | No/No |
Training & Support |
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| Training | First, you'll attend an on-site franchisee training program at our home office in Austin, Texas. The agenda is packed with information on service methodology, recruiting and interviewing skills, commanding top margins, marketing and sales best practices, and more. We'll show you how to build a professional business with recurring revenue streams. We offer interactive, hands-on training to fine-tune the skills you'll need most in your new computer services career. Classroom Training: 82.5 hours Additional Training: 2 weeks onsite in Austin, TX | - |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform | - |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | - |
| Operations |
Franchise can be run from home. 15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 10
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | Yes | No |
| International Expansion | No | No |
Company Overviews
About CMIT Solutions
We are innovation masters and besides, are master guides who know how to offer assistance. Our national system of CMIT Technicians help individuals capitalize on their innovation speculations, regardless of whether in the work environment or at home.
CMIT Solutions gives mission basic outsourced IT administrations to organizations of all sizes. Since 1996, we've been building long haul associations with our clients and helping them develop.
The visionary initiative of our administration group, together with the administrations offered by CMIT Solutions, consolidate to make an intense and ground breaking organization that is impeccably situated to end up distinctly the business pioneer in focused markets.
Many of our most successful franchisees come from other backgrounds,
such as finance, sales, marketing, and project management and have
learned the IT industry as they go. Most CMIT Solutions’ owners,
including the top quartile, had no IT background prior to joining CMIT.
Veteran Incentives 20% off first-unit franchise fee
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#124 in Franchise 500 for 2020.
#198 in Franchise 500 for 2021.About Fast-teks
More than ever before, small and medium-sized businesses are seeking a
complete IT solution for all their needs. As mobile and web platforms
develop and businesses rely more on technology, outsourcing of computer
specialists will continue to grow. Fast-teks delivers proactive computer
and network maintenance services designed to reduce costs, increase
profits and mitigate business risk.
We are seeking professionals that possess strong management and sales skills. Our franchise owners do not need prior computer-related experience to be successful. In fact, our top producing franchises have come from various industries unrelated to technology. Our owners do not fix or repair computers. Fast-teks franchise owners manage a staff of technicians that travel to and conduct all of our services remotely or at the site of the client.