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Home > Franchises > Rescuecom
Rescuecom
A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.
David A. Milman founded his first computer repair business in 1985. As his company grew, Milman saw how difficult it was to hire and retain employees to run his offices nationwide and realized franchising would be the best way to expand. In 1997, Milman formed Rescuecom Corp to franchise his computer service system.
Rescuecom franchisees offer on-site computer repair, maintenance and installation.
In 1997, the company was renamed Rescuecom and sought opportunities to replicate the successful business model developed over the prior decade. The first Rescuecom franchise opened in Rochester in 1999. An immediate success, the Rochester operation exceeded expectations and continues to be one of Rescuecom’s leading franchises.
The total investment for this franchise varies from 27,000 to 46,000 dollars. Franchise fee is 16,900 dollars. The ongoing royalty fee is 18 percent. The term of agreement is of 5 years and is renewable. The renewal fee is 50 percent of current fee. A franchise 500 rank have ranked them 275 in 2006, 333 in 2004, 475 in 2003 and 97 in 2004 and was ranked 69 in 2006 and 97 in 2004 by top home bashed franchise.
Today, Rescuecom has 95 franchises serving 71 regions throughout North America, delivering the fastest on-site response, computer repair and technology services for home and business users, coast to coast, 24 hours a day, 7 days a week. Rescuecom services everything from home computers to super computers, wireless Internet to global networks, hardware to software. All local Rescuecom franchisees offer guaranteed results and on-site, emergency one-hour response service, providing the industry’s most comprehensive offering.
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