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- 2022 Franchise 500 Rank
#21 Ranked #48 last year
- Initial investment
$175K - $412K
- Units as of 2022
About Snap-on Tools
More from Snap-on Tools
The #1 Tool Brand. The #1 Tool Franchise.
Snap-on Tools has a proven franchise model serving the makers and fixers who keep the nation moving forward
Snap-on Tools is a U.S.-based global company headquartered in Kenosha, Wisconsin and has been named Entrepreneur’s top tool franchise for over 10 years, has been recognized by Franchise Business Review as a Recession-Proof Franchise, and is a member of the elite Franchise Business Review Hall of Fame. Snap-on Tools, as the leading innovator, manufacturer and marketer of high-end tools and equipment for professionals, powered through the health and economic challenges of the pandemic and continued to serve its loyal customers, as it has throughout its 100+ years of existence.
Essential to the Essential. Snap-on’s commitment to what it calls "Essential to the Essential" is a phrase that hits right at the core of what Snap-on Tools is all about, according to Tom Kasbohm, director of franchising. “Snap-on has a legacy as an innovative manufacturer and productivity solutions provider that services technicians in the bays where critical work is done,” he said.
“Snap-on is an iconic brand well recognized by the makers and fixers that keep our nation moving forward.” - TOM KASBOHM, Director of Franchising
During the past year's upheavals, we all became more familiar with the term “essential workers.” Snap-on played an important role in supporting essential workers in countless ways to keep the transportation infrastructure running – for deliveries of critical goods and services, the operation and maintenance of emergency vehicles, and helping ensure healthcare and other essential workers had reliable transportation to get to and from their homes and places of business.
“Snap-on Tools franchise owners demonstrated to the entire world they could find a way to serve their customers even in the midst of one of the greatest health crises the world has seen,” Kasbohm said. “I am proud that our 100-year-old company that has persevered through wars, recessions, and countless other crises, once again was regarded as essential to the essential workers."
Proud to Support Veterans. Snap-on places a lot of pride in being an American manufacturer and is firmly grounded in its core belief in patriotic duty. Both the military and Snap-on are mission-driven organizations, so it’s no wonder that there are hundreds of Snap-on Tools franchise owners who previously served in the armed forces. Snap-on is a proud member and sponsor of VetFran and a founding member of the IFA. “At Snap-on, we value the hard work and sacrifice of our veteran franchise owners,” said Kasbohm. “We are honored to have hundreds of veteran franchise owners who bring their commitment, skills and service to our Snap-on Tools franchise system.” The Snap-on Tools franchise offers extensive initial training, financing for those who qualify through Snap-on Credit, and incentives for honorably discharged veterans.
The #1 Tool Brand in the World. The company has more than 58,000 products and operates in more than 130 countries. Globally, Snap-on has over 4,500 franchises. A Snap-on Tools franchisee sells exclusive, premium products that ranked number one in every category – Hand Tools, Power Tools, Tool Storage and Diagnostic Equipment – in a recent independent survey by Frost & Sullivan of U.S. automotive technicians. Snap-on Tools franchise business owners enjoy the #1 market-share position in the industry, and Snap-on products are universally recognized by professionals as the absolute highest quality.
- Franchising Since
- 1991 (31 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees throughout the US.
This company is seeking new franchisees in the following international regions: Africa, Asia, Australia/New Zealand, Europe (Western), Canada
- # of Units
- 4,771 (as of 2022)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Snap-on 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
- $8,000 - $16,000
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $175,146 - $411,941
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
- $38,126 - $54,288
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
- $38,126 - $54,288
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- $20,000 off cost of startup inventory
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Term of Agreement
- 10 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- In-House Financing
- Snap-on Tools offers in-house financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable
- Third Party Financing
- Snap-on Tools has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
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
- 135 hours
- Classroom Training
- 80.5 hours
- Ongoing Support
NewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Ad TemplatesNational MediaRegional AdvertisingSocial MediaWebsite DevelopmentEmail Marketing
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- # of employees required to run
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Franchise 500 Ranking History
Compare where Snap-on Tools landed on this year’s Franchise 500 Ranking versus previous years.
Curious to know where Snap-on Tools ranked on other franchise lists? Find out below.
Ranked #21 in 2022
Franchise 500 Ranking
Ranked #93 in 2022
Ranked #20 in 2022
Top Global Franchises
Ranked #1 in 2022
Top Franchises for Veterans
Ranked #1 in Tools Distribution in 2021
Best of the Best
Ranked #1 in 2022
#1 in Tools Distribution Category
Ranked #2 in 2022
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