| ||||
Updated RecentlyCornwell Tools vs K & N Mobile Distribution Systems Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Cornwell Tools vs K & N Mobile Distribution Systems including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $59,525 - $272,825 | $67,318 - $195,307 |
| Franchise Fee | N/A | $28,500 |
| Royalty Fee | - | 9% |
| Advertising Fee | - | 1% |
| Year Founded | 1919 | 1972 |
| Year Franchised | 1997 | 2008 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | Yes/- | -/- |
| Equipment | -/Yes | -/- |
| Inventory | Yes/- | -/- |
| Receivables | Yes/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
||
| Training | On-The-Job Training: 80 hours Classroom Training: 40 hours | * Entire system orientation * Product line and parts numbers introduction * One full day of learning product * Catalog and price book instruction * People skills instruction Training is a 10-day process with one day spent shadowing an experienced sales person, and one half-day learning our proprietary software. Also included: * Training videos * Strategies for selling to a variety of businesses * How to develop new accounts * Role playing * Discussing competition |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
| 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 | - | - |
Expansion Plans |
||
| US Expansion | Yes | - |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
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]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
#81 in Franchise 500 for 2020.
#110 in Franchise 500 for 2021.
About K & N Mobile Distribution Systems
Owning a K&N Franchise can be an incredibly rewarding experience. Imagine working for yourself with no employees, the latest state-of-the-art technology, no purchasing or warehousing duties, and no weekends. At K&N, we believe the only way we succeed is making sure you succeed. That's why we're committed to doing everything in our power to give you the tools you need, including intensive training, a completely automated order system with barcodes, voice-activated GPS system, identified prospects and close to 10,000 SKUs. Franchise opportunities are available in every state except Utah, Nebraska, South Dakota and North Dakota.