|
Below is an in-depth analysis and side-by-side comparison of Tire Warehouse vs Munster Tool including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $100,000 - $342,000 | $30,000 - $50,000 |
Franchise Fee | $15,000 | N/A |
Royalty Fee | 3% | - |
Advertising Fee | - | - |
Year Founded | 1971 | 1980 |
Year Franchised | 1989 | 1980 |
Term Of Agreement | 7 years | - |
Term Of Agreement | 7 years | - |
Renewal Fee | $1.5K | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | - |
Marketing | Ad slicks | - |
Operations |
15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
No mention of franchising on their website
Established in 1980, Munster Tool Co supplies top quality clothing, tools and equipment to
workshops in the automotive, agricultural, plant hire, transport, HGV
and allied industries in 32 countries
Munster Tool Co. operates from a modern computerised administration centre and warehouse in Mallow and our fleet of vans support our growing list of customers.
Our franchise is a proven business concept with a very strong Market share, Brand Awareness, Quality products and Exceptional customer service.