Snap-on Tools

Mobile professional tool sales and repairs
Year began: 1920    Franchising since: 1991
Since 1920, Snap-on Tools dealers have sold a variety of hand, power and diagnostic tools to professional service technicians. From their mobile showrooms, dealers visit customers once a week – making sales, handling repairs and introducing new products.

Snap-on provides dealerships, body shops, marinas, airports and other shops where cars, trucks, boats, planes and various vehicles are repaired with tools and equipment.

2801 80th St., P.O. Box 1410
Kenosha, WI 53141-1410

Phone: (877)476-2766
Fax: (800)376-0967/(262)656-5635

Franchisor is a publicly-held company with 500 employee(s); 10 employee(s) in franchise department.


Franchise Growth
Year

2007
2006
2005
2004
U.S. Franchises
3,088
3,087
3,294
3,430
Canadian Franchises
347
332
332
336

Foreign Franchises
811
846
846
898
Company
Owned

119
30
63
71

Where Seeking Franchisees
Nationwide

Outside the U.S.:

Costs & Fees
Total investment: $19.8K-276.4K
Franchise fee: $7.5K
Ongoing royalty fee: $78/mo.
Term of agreement: 10 years, renewable
Renewal fee: 50% of current license fee
Type of Financing Available
In-HouseThird Party
Franchise FeeNoYes
Startup CostsNoNo
EquipmentNoNo
InventoryNoYes
Accounts ReceivableNoYes
PayrollNoNo
Third-party financing source(s): Snap-on Credit LLC
Qualifications
Net worth requirement: to $30K
Cash liquidity requirement: $18.8K-60.3K
Business Experience:
  • Sales experience

Operations
  • 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)

Training & Support
TRAINING
  • At franchisee's location: 3 weeks
  • At branch & regional centers: 1 week each

ONGOING SUPPORT
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations

Rankings in Entrepreneur magazine 2004-2008
Franchise 500® rank:
#50 (2008); #61 (2007); #41 (2006); #25 (2005); #20 (2004);

Ranked #1 in category in:
2006; 2005; 2004;

Top home based franchises:
#10 (2008); #14 (2007); #7 (2006); #5 (2005); #4 (2004);

America's Top Global Franchises:
#54 (2008); #47 (2007); #37 (2006); #15 (2005); #16 (2004);

Last Updated: 11/26/2007 12:00:00 AM



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