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Log In / Register | May 25, 2012

FastTeks or The Utility Company

Hi, Has anyone any experience with FastTeks or The Utility Company? I am looking into one of these and would appreciate any feedback. Thanks

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Mr. Blue MauMau's picture

The Utility Company and FastTeks

The Utility Company is registered on Blue MauMau's franchise directory of some 2,400+ franchising firms. That means that either it has a website that advertises its franchise selling efforts or the company has been contact by us to confirm it is selling franchises. According to its website, "It sells franchises that offer sales, marketing and delivery of remotely managed IT services." The firm is based out of Ottawa, Canada. According to LinkedIn, revenues for the franchisor were C$3 million with 11-30 employees.

"Utility Corp. is a closed-ended equity mutual fund launched and managed by Scotia Managed Companies. The fund invests in the public equity markets of Canada. It invests in stocks of companies operating in the utilities sector. Utility Corp. was formed on February 8, 1993 and is domiciled in Canada." - LinkedIn

That meets our criteria and so we will register the franchisor.

FastTeks is a Florida-based IT service franchisor, where their franchises focus on offering computer services for home and businesses.

Both brands are not part of the approximately 1,300 franchisor members of the International Franchise Association, according to its 2008 Spring/Summer Directory.

You can find a digital franchise disclosure document of both companies at OpenFran, a non-profit entity dedicated to providing free franchise disclosure documents to buyers. Here's Fast-Teks disclosure document (pdf) but there wasn't a document (registered in the state of California) for The Utility Company.

If you are a current or former franchisee that is reading this, please share your experiences with these brands.

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