Entrepreneur: Start & Grow Your Business

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-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

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