Cornwell Quality Tools

Cornwell Quality Tools

Automotive tools and equipment
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2022 Franchise 500 Rank
#72 Ranked #110 last year
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Initial investment
$60K - $273K
Units as of 2021
756 9.7% over 3 years

Company Overview

About Cornwell Quality Tools

Industry
Retail
Founded
1919
Leadership
Bob Studenic, President, CEO, and Director

Franchising Overview

Franchising Since
1997 (25 years)
# of employees at HQ
322
Where seeking

This company is seeking new franchisees throughout the US.

# of Units
756 (as of 2021)

Franchisor Information

Corporate Address
667 Seville Rd.
Wadsworth, OH 44281

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Cornwell Quality Tools franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$0
Initial Investment
$59,525 - $272,825
Cash Requirement
$10,000
Veteran Incentives
Interest-free financing on initial inventory purchase
Term of Agreement
Unlimited
Is franchise term renewable?
No
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing
Cornwell Quality Tools offers in-house financing to cover the following: startup costs, equipment, inventory, accounts receivable
Third Party Financing
Cornwell Quality Tools has relationships with third-party sources which offer financing to cover the following: equipment

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
80 hours
Classroom Training
41 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
Yes
Can this franchise be run part time?
No
Are exclusive territories available?
Yes
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Franchise 500 Ranking History

Compare where Cornwell Quality Tools landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021