CMIT Solutions Soars To New Heights On Entrepreneur Magazine's 40th Annual Franchise 500 List

CMIT Solutions announced today that it has been named to Entrepreneur magazine's Franchise 500 list, considered the world's first, best and most comprehensive franchise ranking. CMIT Solutions has been rated number #1 in the "miscellaneous tech services" category in the Tech section and #91 overall. The prestigious award validates the progress the company has made in the past year. In 2018, the brand added more than 40 new offices, bringing the total to more than 220 communities throughout the United States. 

"We are pleased to be ranked among the best of the best in franchising," said Jeff Connally, president of CMIT Solutions. "We're excited to continue on this path and build off the momentum of the past year as we prepare to build relationships and enter new markets."The key factors that go into Entrepreneur's evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. All franchises are given a cumulative score based on more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500 in ranking order. 

"As we celebrate 40 years of producing the Franchise 500, it's a good opportunity to step back and look at how much has changed since that first ranking in 1980," says Jason Feifer, editor in chief of Entrepreneur. "While the franchise business model has changed little, the strongest franchise brands are constantly evolving and innovating to keep up with changing trends and technology." CMIT Solutions is widely recognized as the frontrunner among IT support providers for small to medium-sized businesses in the United States. Offering a broad spectrum of proactive computer maintenance, monitoring, and virtual technology packages, along with quick response services when unexpected crises occur, CMIT Solutions has carved out its niche as an industry innovator specializing in working with the SMB community. Entrepreneurially spirited individuals interested in owning a CMIT Solutions franchise should have the ability to invest 128,300, which includes working capital and a typical franchise fee of 49,950. CMIT franchisees are provided with a sizable territory based on ZIP codes and can expect to have 3,000 to 4,000 prime targets. 

Over its 40 years in existence, the Franchise 500 has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. CMIT Solution's position on the ranking is a testament to its strength as a franchise opportunity.