Metal Supermarkets vs Cornwell Tools Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Metal Supermarkets vs Cornwell Tools including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Metal Supermarkets Franchise
Cornwell Tools Franchise
Investment $228,500 - $437,000 $59,525 - $272,825
Franchise Fee $39,500 N/A
Royalty Fee 6%-2% -
Advertising Fee 1% -
Year Founded 1985 1919
Year Franchised 1987 1997
Term Of Agreement 10 years -
Term Of Agreement 10 years -
Renewal Fee $7.5K -


Business Experience Requirements

 
Metal Supermarkets Franchise
Cornwell Tools Franchise
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

 
Metal Supermarkets Franchise
Cornwell Tools Franchise
  In-House/3rd Party In-House/3rd Party
Franchise Fees No/No -/-
Start-up Costs No/Yes Yes/-
Equipment No/Yes -/Yes
Inventory No/Yes Yes/-
Receivables No/No Yes/-
Payroll No/No -/-

Training & Support

 
Metal Supermarkets Franchise
Cornwell Tools Franchise
Training On-The-Job Training: 120 hours Classroom Training: 60 hours On-The-Job Training: 80 hours Classroom Training: 40 hours
Support 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 Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing A number of sales and marketing advantages go along with being part of the Cornwell Team. These have been proven to assist the Cornwell Tool Dealer in the quest for success. As a Franchised Tool Dealer you benefit from: * Free catalogs! * Monthly promotional flyers to hand out to customers with special discounts and featured items * National brand advertising in major automotive aftermarket magazines and racing programs * Special programs for aggressive discounts, proprietary tools, or specific customer promotions * A full support staff of Customer Service Representatives * A National Cornwell Rally with vendors, training, fun and recognition with Top Performers awarded on both Regional and National levels Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Email marketing Loyalty program/app
Operations 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)

-

Expansion Plans

 
Metal Supermarkets Franchise
Cornwell Tools Franchise
US Expansion - Yes
Canada Expansion No -
International Expansion Yes -

Start-Up Costs and Fees Mobile

Investment
Metal Supermarkets Franchise
$228,500 - $437,000
Cornwell Tools Franchise
$59,525 - $272,825
Franchise Fee
Metal Supermarkets Franchise
$39,500
Cornwell Tools Franchise
N/A
Royalty Fee
Metal Supermarkets Franchise
6%-2%
Cornwell Tools Franchise
-
Advertising Fee
Metal Supermarkets Franchise
1%
Cornwell Tools Franchise
-
Year Founded
Metal Supermarkets Franchise
1985
Cornwell Tools Franchise
1919
Year Franchised
Metal Supermarkets Franchise
1987
Cornwell Tools Franchise
1997
Term Of Agreement
Metal Supermarkets Franchise
10 years
Cornwell Tools Franchise
-
Renewal Fee
Metal Supermarkets Franchise
$7.5K
Cornwell Tools Franchise
-


Business Experience Requirements

Experience
Metal Supermarkets Franchise

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"

Cornwell Tools Franchise
-

Financing Options

  In-House/3rd Party
Franchise Fees
Metal Supermarkets Franchise
No/No
Cornwell Tools Franchise
-/-
Start-up Costs
Metal Supermarkets Franchise
No/Yes
Cornwell Tools Franchise
Yes/-
Equipment
Metal Supermarkets Franchise
No/Yes
Cornwell Tools Franchise
-/Yes
Inventory
Metal Supermarkets Franchise
No/Yes
Cornwell Tools Franchise
Yes/-
Receivables
Metal Supermarkets Franchise
No/No
Cornwell Tools Franchise
Yes/-
Payroll
Metal Supermarkets Franchise
No/No
Cornwell Tools Franchise
-/-

Training & Support

Training
Metal Supermarkets Franchise
On-The-Job Training: 120 hours Classroom Training: 60 hours
Cornwell Tools Franchise
On-The-Job Training: 80 hours Classroom Training: 40 hours
Support
Metal Supermarkets Franchise
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
Cornwell Tools Franchise
Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing
Metal Supermarkets Franchise
Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing
Cornwell Tools Franchise
A number of sales and marketing advantages go along with being part of the Cornwell Team. These have been proven to assist the Cornwell Tool Dealer in the quest for success. As a Franchised Tool Dealer you benefit from: * Free catalogs! * Monthly promotional flyers to hand out to customers with special discounts and featured items * National brand advertising in major automotive aftermarket magazines and racing programs * Special programs for aggressive discounts, proprietary tools, or specific customer promotions * A full support staff of Customer Service Representatives * A National Cornwell Rally with vendors, training, fun and recognition with Top Performers awarded on both Regional and National levels Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Email marketing Loyalty program/app
Operations
Metal Supermarkets Franchise
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)

Cornwell Tools Franchise
-

Expansion Plans

US Expansion
Metal Supermarkets Franchise
-
Cornwell Tools Franchise
Yes
Canada Expansion
Metal Supermarkets Franchise
No
Cornwell Tools Franchise
-
International Expansion
Metal Supermarkets Franchise
Yes
Cornwell Tools Franchise
-

Company Overviews

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.

Seeking new franchise units throughout the U.S.A, Asia, Australia/New Zealand, Canada, Mexico, South America 
Veteran Incentives  $5,000 off franchise fee

"Entrepreneur
#433 in Franchise 500 for 2020.
#381 in Franchise 500 for 2021.



About Cornwell Tools

 Get behind the wheel of your own business!

YOU'RE OUR #1 PRIORITY

Cornwell primarily markets tools and equipment through authorized dealer franchises.  Our dealers are the most important part of our business.

franchise advantages:
*Financing is available to those that qualify, putting you closer to your dreams.
*No automotive experience is required...we offer an extensive training program to start and support you along the way.
*No franchise or royalty fees.
*We offer geographic territories with room for growth.
*Support from a family/employee owned company that is committed to the success of its dealers, because our dealers are our only customers.

The total investment necessary to begin operation of a Cornwell franchised dealership ranges from $59,525 to $272,825 for convertees and $114,525 to $272,825 for new dealers. This includes $40,000 for initial inventory that must be paid to the franchisor or an affiliate by a new dealership, or at least $25,000 by a convertee.
Veteran Incentives  Interest-free financing
"Entrepreneur
#81 in Franchise 500 for 2020.
#110 in Franchise 500 for 2021.