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Snap-on Tools
#30 Franchise 500| Professional tools and equipment

About
Founded

1920

Franchising Since

1991 (27 Years)

Corporate Address

2801 80th St.
Kenosha, WI 53143

CEO

Nick Pinchuk

Parent Company

Snap-on Inc.

Ticker Symbol

SNA

Financial Requirements
Initial Investment

$169,503 - $350,231

Net-worth Requirement

$35,603 - $52,203

Liquid Cash Requirement

$35,603 - $52,203

Ongoing Fees
Initial Franchise Fee

$7,500 - $15,000

Ongoing Royalty Fee

$120/mo.

Financing Options

Snap-on Tools offers in-house financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable

Snap-on Tools has relationships with third-party sources which offer financing to cover the following: 
payroll

Veteran Incentives

$20,000 off startup inventory

Support Options
Ongoing Support

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Field Operations

Site Selection

Proprietary Software

Franchisee Intranet Platform

Marketing Support

National Media

Regional Advertising

Social media

Website development

Email marketing

On-The-Job Training:

135 hours

Classroom Training:

57 hours

Additional Training:

At branch & regional centers

Snap-on Tools is ranked #30 in the Franchise 500!
Bio
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.

Cost
Initial Investment: Low - $169,503 High - $350,231
Units
0.0%1 UNITS (1 Year) +1.4%+67 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: Africa, Asia, Australia/New Zealand, Canada, Western Europe

Franchise Articles

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Women are buying franchises at a rate far faster than men. Now the industry is asking itself: Why?

To Compete Against Other Salons, Sports Clips Made It Easier for Franchisees to Run Their Businesses

It upgraded the point-of-sale systems at all 1,750 locations and introduced online check-in, a service popular with competitors.

The 7 Cheapest Franchises on the Entrepreneur Franchise 500 List

Seven inexpensive franchises you can buy for less than $5,000.

How Hardee's Shed Its Bikini-Centric Ad Strategy, and Cleverly Grew Up

The franchise is repositioning itself as forward-thinking.

Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: October 16th, 2017