TeamLogic IT, a national franchise of managed IT services, has reported a successful year in 2024, achieving a 14 percent growth in comparative sales. This marks a significant milestone, as the company has surpassed one billion dollars in total sales since its founding in 2004. The organization opened thirty-four new locations last year, bringing its total to three hundred locations across North America. Recognized for its impressive growth, TeamLogic IT was ranked number one in the IT services category of Entrepreneur magazine’s 2024 Franchise 500. Additionally, in the Orange County Business Journal’s annual list of the fastest-growing large private companies, TeamLogic IT secured the sixth spot based on a two-year revenue growth of thirty-six and a half percent. The company aims to expand to five hundred locations by 2030, further solidifying its position as a leader in the industry.
Why do we care?
So, one billion divided by 20 years is 50 million. That’s entirely unfair, as that isn’t how revenue growth works. It’s much more likely that 2024 was between $200M and $300M. With 300 locations, the average revenue per location is somewhere in the seven hundred thousand to one million. For comparison, larger MSPs can see $1M+ per location, while smaller ones might do $500K-$700K. This suggests TeamLogic IT is operating in a competitive mid-market space, aligning with strong SMB-focused MSPs.
The takeaway is that franchised IT service models are proving viable—but they rely on repeatable service delivery and brand strength. Competing with them means differentiating through deep expertise, flexibility, and high-touch service models.