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Updated RecentlySnap-on Tools vs Metal Supermarkets Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Snap-on Tools vs Metal Supermarkets including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $192,935 - $490,150 | $228,500 - $437,000 |
| Franchise Fee | $8,000 - $16,000 | $39,500 |
| Royalty Fee | $125/mo. | 6%-2% |
| Advertising Fee | - | 1% |
| Year Founded | 1920 | 1985 |
| Year Franchised | 1991 | 1987 |
| Term Of Agreement | 10 years | 10 years |
| Term Of Agreement | 10 years | 10 years |
| Renewal Fee | 50% of current license fee | $7.5K |
Business Experience Requirements |
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| Experience | - | The ideal candidate will possess the following: * Outgoing personality with a willingness to work hard to succeed * Ability to multitask and thrive in a fast-paced environment * Can effectively delegate and manage employees * Understands that building a business does not happen overnight * Willingness to work hard in order to achieve mid- to long-term meaningful financial rewards, versus short-term "home runs" |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | No/No |
| Start-up Costs | No/No | No/Yes |
| Equipment | No/No | No/Yes |
| Inventory | No/Yes | No/Yes |
| Receivables | No/Yes | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| Training | - | On-The-Job Training: 120 hours Classroom Training: 60 hours |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | - | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| Operations |
Franchise can be run from home. 3.4% of all franchisees own more than one unit
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 5 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)
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Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | No |
| International Expansion | Yes | Yes |
Company Overviews
About Snap-on Tools
In 1920, a particular wrench could only do one particular
job, but Joseph Johnson had an idea to change that. Along with William
Seidemann, he began manufacturing ten different sockets that would "snap
on" to five interchangeable wrench handles, so that one tool could do
the work of five. The Snap-on Wrench Company's representatives sold
these new products by taking them to the customers at their places of
business and demonstrating their use.
Today, Snap-on Tools franchisees sell far more than just wrenches. They
offer over 22,000 products, including hand tools, power tools,
diagnostic tools, tool storage and shop equipment, but the way they sell
is much the same. Once a week they bring their "mobile stores"--trucks
filled with their products--directly to their customers, which include
car dealerships, mechanics, marinas and airports.
Franchisor is seeking new franchise units in the U.S., Africa, Asia, Australia/New Zealand, Canada and Western Europe
Veteran Incentives $20,000 off startup inventory
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#22 in Canada's Top franchises.
In Franchise Business Reviews Top 200.
#31 in Franchise 500 for 2020.
#48 in Franchise 500 for 2021.
About Metal Supermarkets
With no national competition, Metal Supermarkets is poised for rapid growth in the small quantity metals industry. With solid systems and processes in place,
Metal Supermarkets has proven itself to be an outstanding business opportunity for individuals seeking a B2B niche business.
As a Metal Supermarkets franchisee, you will supply industrial metals cut to any size, delivered from your extensive stocks, with no minimum order. The Metal Supermarkets business truly occupies a niche in the market, providing exactly what the customer wants, when they want it and how they want it. Through the implementation of our business model and system, you will provide businesses and individual customers with an unparalleled service.
As part of the Metal Supermarkets franchise system, you will enjoy the following benefits:
* Use of our highly recognized trademark and business system
* Professional training in the implementation of our business model and system in your protected territory
* Access to our preferred provider network
* Ongoing guidance and support in the operation of your Metal Supermarkets franchise
* Marketing support including sales and referrals from our website
The total investment necessary to begin operation of a Metal
Supermarkets franchised business is from $216,500 to $403,000. This
includes $57,500 that must be paid to the franchisor or their
affiliates.
If you enter into a development agreement to establish multiple Metal Supermarkets stores, the development fee (which is paid instead of the initial franchise fees that would be due for those stores) is $39,500 for the first store, $25,000 for the second store, and $15,000 for the third and each store after that.
If you enter into a development agreement to establish multiple Metal Supermarkets stores, the development fee (which is paid instead of the initial franchise fees that would be due for those stores) is $39,500 for the first store, $25,000 for the second store, and $15,000 for the third and each store after that.
Seeking new franchise units throughout the U.S.A, Asia, Australia/New Zealand, Canada, Mexico, South America
Veteran Incentives $5,000 off franchise fee
#433 in Franchise 500 for 2020.
#381 in Franchise 500 for 2021.