MSPmentor Managed Services News & Blog

The Utility Company, launched in 2006 by former N-able CEO Mark Scott (pictured), has landed in Entrepreneur magazine’s Franchise 500 edition. The news solidifies The Utility Company’s strategy to build a network of managed services franchises across North America.

According to Entrepreneur, The Utility Company:

• grew to 42 franchises in 2008, up from 18 in 2007 and four in 2006
• The typical franchise territory has 2,500 small and mid-size businesses
• Signing up with The Utility Company requires a $30,000 (US) franchise fee, and a total investment of about $36,000 to $62,000
• Overall, The Utility Company was ranked No. 443 within the Entrepreneur Franchise 500 edition

These two MSPmentor blog posts explain a bit more about the MSP franchise model:

• 2009: The Year of the Managed Services Franchise? (December 1, 2008)
• Managed Services Franchises Explained (December 10, 2008)

MSPmentor is updated multiple times daily. Don’t miss a single post. Subscribe to our Enewsletter, RSS and Twitter feeds.

Read More About This Topic

• Kaseya Connect User Conference: 5 Day One Highlights
• The Utility Company Attracts $1 Million In Funding
• MSP and SAS 70 Certifications Gain Momentum
• MSP Franchises: 8 Secrets to Success
• The Utility Company: Plugging In MSP Franchises