Cornwell Quality Tools

Automotive tools and equipment
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2024 Franchise 500 Rank
#66 Ranked #71 last year
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Initial investment
$70K - $299K
Units as of 2024
802 Increase 6.1% over 3 years

Company Overview

About Cornwell Quality Tools

Industry Retail
Related Categories Tools Distribution, Miscellaneous Automotive Products & Services, Automotive
Founded 1919
Leadership Bob Studenic, President, CEO, and Director
Corporate Address 667 Seville Rd.
Wadsworth, OH 44281
Social Facebook, Twitter, LinkedIn, Instagram, YouTube

Business Overview

Franchising Since 1997 (27 years)
# of employees at HQ 426
Where seeking

This company is offering new franchises in the following US states: Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, 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

# of Units 802 (as of 2024)

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 Information Circle
$0
Initial Investment Information Circle
$69,525 - $298,825
Cash Requirement Information Circle
$10,000 - $35,000
Veteran Incentives Information Circle
Interest-free financing on initial inventory purchase
Term of Agreement Information Circle
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 40 hours
Ongoing Support
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
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? Information Circle
Yes
Can this franchise be run part time? Information Circle
No
Are exclusive territories available? Information Circle
No
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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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The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022