Since inception of the Company, FEC has adopted franchise concept and it has spread its network to pan India. The FEC management has plans to expand its Franchisee network to 5000 Franchisees from its 2460 franchisee strength BY 2017. And to expand franchisee network FEC Board has appointed professional management consultant firm having experience in Franchisee management.
WHAT IS A FRANCHISEE ?
“A franchise operation is a contractual relationship between the franchisor and franchisee in which the franchisor offers or is obliged to maintain a continuing interest in the business of the franchisee in such areas as know-how and training; wherein the franchisee operates under a common trade name, format and/or procedure owned or controlled by the franchisor, and in which the franchisee has or will make a substantial capital investment in his business from his own resources.”
SCOPE FOR A FRANCHISEE
Franchising in Courier sector has grown with more and more players taking the franchise model for reaching out to far flung areas in the vast nation. Courier service companies are required to deliever important mails and parcels to any part, whether city, town or village in the country. Therefore, franchising can be the best mode for guaranteed delivery of the items. Courier service franchising offers tremendous scope for aspiring entrepreneurs who are looking for a viable way to establish their name in the entrepreneurial arena. Taking a franchise of a courier service company is an assured way of earning a regular income.