MISSION VIEJO, CA - (Marketwired - Dec 9, 2014) - After three years of double-digit revenue growth, the owners of TeamLogic IT in Newtown, Pennsylvania, are gearing up to open one new location a year for the next five years.
It's an ambitious plan, but one that Stewart and Nancy Paul are comfortable with, given their success so far.
"The numbers speak for themselves," Stewart Paul says. "But you also have to have confidence in the leadership, and we definitely do. It's that combination that is behind this long-term investment. It's also fantastic how the franchisees interact, with multiple opportunities throughout the year to network and learn from each other."
The Pauls point to the franchisor's corporate ownership as another selling point that encouraged them to formulate their expansion plans. "I felt they would have staying power," Stewart Paul explained.
Since opening in Newtown in 2011, the Pauls have been in the top 5 TeamLogic IT franchise revenue producers, doubling annual sales in 2012 and 2013 and posting the same high numbers for 2014 to date. They knew nearby territories wouldn't be available forever, so they set out to develop a growth plan that ensured sustainable expansion.
The new locations are set to open every November from this year through 2018. An already-planned Warminster Township TeamLogic IT opened in November of this year, and it will be followed by Cheltenham Township, Abingdon Township, Huntingdon Valley and then finally northeast Philadelphia.
The Pauls' success is just one example of how smart entrepreneurs are finding value in the exploding managed IT services industry, where the TeamLogic IT brand has been growing by more than 40 percent system-wide during each of the past three years, President Chuck Lennon said.
"Stewart and Nancy's long-term commitment speaks volumes about the opportunity for growth in the managed IT services industry and our franchise network," Lennon said. "They are intelligent business operators who are an inspiration to other franchisees. It's reassuring to know that their business expansion goals are due to their optimism about the industry, appreciation of our franchise systems and support, and confidence that TeamLogic IT is the answer to achieving their vision of entrepreneurial success."
SOURCE TeamLogic IT
TeamLogic IT President