Snap-on Tools
Professional tools & equipmentBackground
Founded: 1920 Franchising since: 1991
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.
Franchisor is a publicly-held company with 500 employee(s); 10 employee(s) in franchise department.
Franchise Growth
Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Asia, Australia/new zealand, Canada, Eastern europe, South america, Western europe
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 19,000 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.
|
2801 80th St., P.O. Box 1410 Kenosha, Wisconsin 53141-1410 |
Phone: (877)476-2766 |
Franchisor is a publicly-held company with 500 employee(s); 10 employee(s) in franchise department.
Franchise Growth
| Year | U.S. Franchises | Canadian Franchises | Foreign Franchises | Company Owned |
| 2009 | 3078 | 346 | 884 | 174 |
| 2008 | 3,115 | 347 | 856 | 77 |
| 2007 | 3,088 | 347 | 811 | 119 |
| 2006 | 3,087 | 332 | 846 | 30 |
| 2005 | 3,294 | 332 | 846 | 63 |
Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Asia, Australia/new zealand, Canada, Eastern europe, South america, Western europe
Costs and Fees
|
Total investment: $17.6K-281.96K Franchise fee: $5K-15K |
Ongoing royalty fee: $102/mo. Term of agreement: 10 years, renewable |
Type of Financing Available
| In-House | Third Party | |
| Franchise Fee | Yes | No |
| Startup Costs | No | No |
| Equipment | Yes | No |
| Inventory | Yes | No |
| Accounts Receivable | Yes | No |
| Payroll | No | No |
Qualifications
Net worth requirement: to $30K
Cash liquidity requirement: $17.7K-49.2K
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 and Support
Training
Ongoing Support
- 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
Franchise 500® rank:
#37 (2009); #50 (2008); #61 (2007); #41 (2006); #25 (2005);
Ranked #1 in category in:
2009; 2006; 2005;
Top Home Based Franchises:
#5 (2009); #10 (2008); #14 (2007); #7 (2006); #5 (2005);
America's Top Global Franchises:
#32 (2009); #54 (2008); #47 (2007); #37 (2006); #15 (2005);
#37 (2009); #50 (2008); #61 (2007); #41 (2006); #25 (2005);
Ranked #1 in category in:
2009; 2006; 2005;
Top Home Based Franchises:
#5 (2009); #10 (2008); #14 (2007); #7 (2006); #5 (2005);
America's Top Global Franchises:
#32 (2009); #54 (2008); #47 (2007); #37 (2006); #15 (2005);