
#26
At a Glance
Products & Services: Professional tools & equipment
Number of Locations: 4,785
Total Investment: $19.49K - 295.8K
Founded: 1920
Began Franchising: 1991
About Snap-on Tools
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.
Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2012 | 3,267 | 347 | 915 | 256 |
| 2011 | 3,247 | 343 | 920 | 237 |
| 2010 | 3,219 | 349 | 923 | 234 |
| 2009 | 3,078 | 346 | 884 | 174 |
Where Seeking Franchisees: Franchisor is seeking new franchise units in the U.S.,Africa, Asia, Australia/New Zealand, Canada, Eastern Europe, South America, Western Europe.
Startup Costs, Ongoing Fees and Financing
Total Investment: $19,490 - $295,796
Franchise Fee: $5,000 - $15,000
Ongoing Royalty Fee: $107/mo.
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $5,000 - $15,000
Ongoing Royalty Fee: $107/mo.
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $30,000
Liquid Cash Available: $17,925 - $80,071
Operations
Franchise can be run from home. 8% of all franchisees own more than one unit. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
| Franchise Fee | ||
| Startup Costs | ||
| Equipment | ||
| Inventory | ||
| Accounts Receivable | ||
| Payroll |
How This Franchise Supports Franchisees
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
Franchise Ranking History
Related Stories
- How One Army Veteran Made a Smooth Career Transition to Franchising
- How International Franchisors Are Making a Name for Themselves in the U.S.
- The Pros and Cons of Franchising Your Business
- Small Used Jewelry Business Leads to a Growing Pawn-Shop Franchise
- How 2 Businesses Stumbled Upon Franchising as the Key to Growth
Franchise Search
Featured Franchises For Sale
Advertisement
Fund Your Franchise Today
Use your existing IRA or 401k funds to purchase a franchise—with no tax penalties.Click HERE to learn more.







