
Cornwell Quality Tools
Automotive tools and equipment- 2023 Franchise 500 Rank
-
#71 Ranked #72 last year
- Initial investment
-
$60K - $278K
- Units as of 2022
-
789 13.0% 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
Business Overview
- Franchising Since
- 1997 (26 years)
- # of employees at HQ
- 443
- Where seeking
-
This company is offering new franchisees 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
- 789 (as of 2022)
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 - $277,825
- Cash Requirement
- $10,000 - $35,000
- Veteran Incentives
- Interest-free financing on initial inventory purchase
- Term of Agreement
- Unlimited
- Is franchise term renewable?
- No
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
- 91.5 hours
- Classroom Training
- 16 hours
- Ongoing Support
-
NewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary Software
- Marketing Support
-
Ad TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty 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?
- No
Interested in ownership opportunities like Cornwell Quality Tools? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Cornwell Quality Tools landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Cornwell Quality Tools ranked on other franchise lists? Find out below.
Want to stay updated on the latest franchise news?
Never miss a beat when you sign up to receive our newsletter.
We care about the protection of your data. Read our Privacy Policy
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Cornwell Quality Tools.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
The Anatomy Of A Franchise Disclosure Document
Here's a break down your most tedious -- and valuable -- franchise research tool so you understand the ins and outs before signing.
Panera Bread Is Testing a Sci-Fi-Esque Amazon Payment System — and Privacy Concerns Abound
The tech's already been pulled from one major Colorado venue after pushback.
6 Questions to Ask Before You Begin Your Franchise Search
When exploring franchises to buy, there are some crucial factors you should consider.
The 5 Items in Your Franchise Disclosure Document That Can Make or Break a Real Estate Deal
This document helps potential franchisees make informed decisions about investing in the franchise.
The Pros and Cons of Franchising Your Business
Before you take the leap to turn your business into a franchise, review the advantages and disadvantages of franchising.
Gen Alpha Loves Eating McDonald's, Watching YouTube and Disney+, and Telling Their Parents What to Buy at the Store
With birth years starting in 2013, Generation Alpha is already the most plugged-in generation of children yet, developing some strikingly powerful brand affinities before they reach age 9.