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Updated RecentlyTeamLogic IT vs iDropped Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of TeamLogic IT vs iDropped including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $106,375 - $146,300 | $60,100 - $119,089 |
| Franchise Fee | $45,000 | $30,000 |
| Royalty Fee | 7% | 6% |
| Advertising Fee | 1.2% | 2% |
| Year Founded | 2004 | 2012 |
| Year Franchised | 2005 | 2014 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | $2K | - |
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 | -/Yes |
| Start-up Costs | No/Yes | -/Yes |
| Equipment | No/Yes | -/Yes |
| Inventory | No/Yes | -/Yes |
| Receivables | No/Yes | -/Yes |
| Payroll | No/Yes | -/Yes |
Training & Support |
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| Training | On-The-Job Training: 6 hours Classroom Training: 38 hours | On-The-Job Training: 40 hours Classroom Training: 40 hours |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection |
| Marketing | Ad Templates National Media Social media SEO Website development Email marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations |
50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 5
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | Number of Employees Required to Run: 1 - 3 |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About TeamLogic IT
TeamLogic IT understands that your success is our success. We make certain you are trained and prepared to confidently open your business. Then we continue to provide all the service and consultation, both business and technical, that will help your business grow.
With TeamLogic IT you are never on your own. We are committed to your support, and your success, every step of the way.
Step up to the future you want.
Opportunities that fit your business skills and personal goals are not always readily available. The distinctive advantage of TeamLogic IT - the strength of a national brand, a cutting-edge technological advantage, the support of an experienced organization - provide an excellent vehicle to achieve the dream of business ownership.
Success is now within reach.
Find out if owning a TeamLogic IT is the right path for you.
Veteran Incentives $5,000 off franchise fee
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About iDropped
iDropped provides fast, on-site mobile device repair for the most popular brands of mobile device. iDropped strives to mend phones in an hour or less and other electronic devices within 24 hours. Each device goes through a rigorous pre-repair and post-repair checkpoint to ensure complete functionality before it is returned to the customer. iDropped uses the highest quality parts and supplies and supports each repair with a one-year warranty.
The iDropped cell phone repair business is a very lucrative business, and by operating an iDropped franchise, you can enter this business model successfully.