Franchise Paper Research Example | Topics and Well Written Essays - 500 words

Franchise - Research Paper Example The agreement is based on the periodic loyalty payments made by the franchisee to the franchise, in regards to the revenue generated from the business operation (Rupert et al, 2008). In the context of selecting the appropriate franchise, various factors are considered, which include the requirements, its market viability, competition among other factors. Therefore, as a started, it is financially rational to select a franchise with reasonable investment requirement (Mendelsohn, 2010, p.120). In Richmond, Indiana, there are numerous franchises already operating. One of the rarely seen but viable business opportunities is the Archive IT franchise. This is one of the potentially profitable franchises with many suitable features. Archive IT is in a category comprising the emerging industry franchises. Archive IT franchise’s deals with the provision of document archiving and digital scanning among other computer related services. Their systems allow for record conservations, secure cloud access and the option of searching text stored. The mission of the company is to enable other businesses to handle the issue of data and information storage in a more advanced manner. The operating philosophy of the franchise is that in the near past, most companies have been struggling with the aspect of data storage in paper work. Considering the next few years, many companies will go paperless. Therefore, this franchise aims at providing the best solution to the older resource intensive data handling methods. This corporation began franchising in 2011. This franchiser is currently selling franchises throughout the US. The total investment required from the franchisee ranges between $66, 350- $196, 300. The exact amount of the investment depends on many factors including the geographical location of the franchisee and the infrastructure proximity of the business. Franchise fee is $ 25, 000, with a periodic royalty fee of 5% of the total revenue