CMIT Solutions Ranks on Entrepreneur Magazine’s Franchise 500® List for 11th Consecutive Year
AUSTIN – CMIT Solutions was recognized as one of the top 500 franchises in Entrepreneur’s Franchise 500®, the world’s first, best and most comprehensive franchise ranking. For the 11th year in a row, the IT services company has found itself on the top half of the list.
This achievement by CMIT Solutions highlights the successful growth of the company in 2021. It ended the year with 16 new locations open and expanded the number of endpoints under its management by 22 percent.
“Our mission every day is to support small and medium sized businesses across the country by providing them with IT and cybersecurity services and solutions,” said Roger Lewis, CEO of CMIT Solutions. "We’ve worked hard to build a community of franchisees and team members who are dedicated to helping businesses succeed by alleviating the burden of costly, time-intensive technology management. The continued growth of CMIT Solutions would not be possible without them.”
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s 43-year-old ranking formula continues to evolve as well. The editorial team researches and assesses several factors that go into the evaluation, including costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
“The past year has been one of the most challenging for businesses in recent memory, which made putting together our 43rd annual Franchise 500 list more enlightening than ever,” says Entrepreneur Editor in Chief Jason Feifer. “The companies named to this year’s list showed us how being resilient, supportive and nimble can help navigate extraordinary challenges and also underscore the grit and innovation that define entrepreneurship.”
CMIT Solutions offers a broad spectrum of IT services including computer monitoring, help desk, back-up and recovery, and cybersecurity platforms, along with quick response onsite services when unexpected IT issues occur. CMIT Solutions has carved out its niche as an industry innovator that specializes in working with the small to mid-sized business community. Combining this with the company’s leading technology partners, it gives the SMB community an edge in today’s increasingly challenging marketplace.
Entrepreneurially spirited individuals interested in owning a CMIT Solutions franchise should have the ability to invest $122,570, which includes working capital and a typical franchise fee of $49,950. Plus, CMIT Solutions is a proud partner of the VetFran program. Approved candidates receive 10% off of the total franchise fee. Ideal franchise candidates are passionate about owning their own business and providing high-quality service to their local community’s businesses.
Over its 43 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.
To view CMIT Solutions in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2022 issue of Entrepreneur, available on newsstands January 11th.
For more information about available franchise opportunities, visit cmitfranchise.com/.
About CMIT Solutions
CMIT Solutions (CMIT) is a leading provider of information technology (IT) managed services and products to small and medium businesses, and is uniquely capable of supporting businesses anywhere, coast to coast in the United States and Canada. By focusing on developing and maintaining local, trust-based relationships with its customers, CMIT is able to meet their specific technology requirements. CMIT offers a wide variety of services and solutions including computer and app implementation and maintenance, help desk support, back-up and recovery, cybersecurity solutions and monitoring, and more. CMIT is uniquely able to offer enterprise-class solutions, at prices small businesses can afford. CMIT has ranked in Entrepreneur magazine’s Franchise 500® list for eight consecutive years and is designated as a World Class Franchise by the Franchise Research Institute. Because of its growing geographic presence and partner programs, CMIT is a channel for larger firms desiring to reach the small and mid-market businesses in the United States.