Snap-on Tools Franchise
Friday, April 23, 2010 at 04:48PM Mobile professional tool sales and repairs
Since 1920, Snap-on Tools dealers have sold a variety of hand, power and diagnostic tools to professional service technicians. From their mobile showrooms, dealers visit customers once a week ' making sales, handling repairs and introducing new products.
Snap-on provides dealerships, body shops, marinas, airports and other shops where cars, trucks, boats, planes and various vehicles are repaired with tools and equipment.
Start-up Costs & Franchises Fees
What is the total cost to open a Snap-on Tools Franchises?
Total Cost: $17,600-$281,960
Total Franchise Fees: $5,000 USD
Ongoing Royalty Fees: $50/mo.
Ongoing Advertising Fees: Not Available
Term of Agreement: 10 years
Franchise Agreement Renewal Fee: 50% of current license fee
Contact Information for Snap-on Tools
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Snap-on Tools |
Phone Number: (800)756-3344 |
Snap-on Tools In the Press
No results at this time.Historical Expansion
In what year did Snap-on Tools begin operations? 1920
When did Snap-on Tools begin selling franchises? 1991
Year United States Canada International Corporate 2004 3430 336 898 71 2003 3438 355 855 66 2002 3478 354 809 91 2001 3310 346 804 139 2000 3189 353 793 211
Future Expansion
Countries of Interest: Australia,New Zealand, Canada,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No Yes Initial Start-up Capital No No Plant, Property, and Equipment No No Inventory No Yes Accounts Receivable No Yes Payroll No No 3rd Party Financing Available? Financing Source(s): Snap-on Credit LLC
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation
Franchise Operation Restrictions
This franchise can be run as a home based business franchise.3.4% of all franchise business owners own more than one franchise location.
Absentee ownership of this franchise business is not available to new franchisees. (100% of current franchise business owners are owner/operators)
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes