Snap-on Tools Franchise

Mobile professional tool sales and repairs



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.

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Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states:
Africa, Asia, Australia/New Zealand, Canada, Western Europe 
Veteran Incentives  $20,000 off startup inventory   


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Please Note: The operators of Snap-on Tools, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Snap-on Tools website.

How much does it cost to open a Snap-on Tools Franchise?

The estimated investment required to open a Snap-on Tools Franchise is between $171,385-$359,767. There is an initial franchise fee of $8,000-$16,000 which grants you the license to run a business under the Snap-on Tools name.

Individual Unit Costs

  • Initial Investment:
    $171,385-$359,767
  • Initial Franchise Fee:
    $8,000-$16,000
  • Royalty Fee:
    $120/mo.
  • Advertising Fee:
    N/A
  • Term of Agreement:
    10 years
  • Renewal Fee:
    50% of current license fee



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Snap- On Ranks #24 On Franchise 500 List
Franchise Ranking History Franchise 500: #24 (2014), #26 (2013), #28 (2012), #24 (2011), #33 (2010), #37 (2009), Fastest-Growing: #96 (2013), #87 (2012), Top Home-Based: #4 (2013), #5 (2012), #7 (2011), #10 (2010), #5 (2009), America's Top Global: #29 (2013), #25 (2012), #22 (2011), #27 (2010), ...

Snap-on Tools Named To "50 Top Franchises For Veterans"
Snap-on Tools has been named one of the "50 Top Franchises for Veterans," and the only tool and equipment franchisor, recognized by the World Franchising Network. The third annual ranking, featured in the June 15, 2012 issue of USA Today, resulted from a survey of more than 400 companies that offer ...

How One Army Veteran Made A Smooth Career Transition To Franchising
Becoming a Snap-on Tools franchisee was the fulfillment of a lifelong dream for Greg Welch. He grew up watching his father run a successful construction company and always wanted to follow in his footsteps. The path he chose to take to that destination wasn't business school, though--it was the U.S....

Franchise Direct Ranks Snap-on Sixth Among Global Franchises
The Snap-on(R) Franchise has been ranked sixth among 5,000 global franchises evaluated by Franchise Direct in its annual Global Franchises report. Franchise Direct is a leading source of information for franchise business opportunities, targeting North America and Europe. Snap-on was the top ranked ...

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Snap-on Tools News & Press Releases

When did the first Snap-on Tools open? 1920
When did Snap-on Tools start Franchising? 1991

International: Australia,New Zealand, Canada,

Expense In-House Third Party
Franchise Fee No Yes
Startup Costs No No
Equipment No No
Inventory No Yes
Accounts Receivable No Yes
Payroll No No

Third Party Financing Source(s): Snap-on Credit LLC

Support
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations

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)

To calculate how much income a franchise owner can do at Snap-on Tools Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.

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Snap-on Tools Franchise Opportunity has been viewed 33116 times by investors.
 

Legal Disclaimer: This information is not a franchise offering for Snap-on Tools and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a Snap-on Tools franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.

Snap-on Tools

Snap-on Tools

Snap-on Tools
2801 80th St.
Kenosha, WI
53141

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