| ||||
Updated RecentlyMetal 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 |
||
| 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 |
||
| 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 |
||
| 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 |
||
| 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 |
||
| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
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.
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]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
#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
#81 in Franchise 500 for 2020.
#110 in Franchise 500 for 2021.