Snap-on Tools Franchise

Mobile professional tool sales and repairs

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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. For free consultation Fill in form to the right.Franchisor is seeking new franchise units in the U.S., Africa, Asia, Australia/New Zealand, Canada and Western Europe Veteran Incentives  $20,000 off startup inventory                     #22 in Canada's Top franchises.In Franchise Business Reviews Top 200.#31 in Franchise 500 for 2020.#48 in Franchise 500 for 2021.

ABC INC

ABC-CO - NASDAQ

$129.55 USD
+0.25 (+0.20%)
$129.55
$129.55


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Please Note: The operators of Snap-on Tools, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Snap-on Tools website.

How much does it cost to open a Snap-on Tools Franchise ?

The investment required to open a Snap-on Tools Franchise is between $192,935 - $490,150 . There is an initial franchise fee of $8,000 -$16,000 which grants you the license to run a business under the Snap-on Tools name.

Individual Franchise Costs

  • Initial Investment:
    $192,935 -
  • Initial Franchise Fee:
    $8,000 - $16,000
  • Royalty Fee:
    $125/mo.
  • Term of Agreement:
    10 years
  • Renewal Fee:
    50% of current license fee

Expense In-House Third Party
Franchise Fee No Yes
Startup Costs No No
Equipment No No
Inventory No Yes
Accounts Receivable No Yes
Payroll No No

Third Party Financing Source(s):
Snap-on Credit LLC

Support
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations

Snap-on Tools Growth History

When did the first Snap-on Tools open? 1920
When did Snap-on Tools start Franchising ? 1991

Franchise can be run from home. 3.4% of all franchisees own more than one unit Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Australia,New Zealand, Canada,



How much does a Snap-on Tools Franchise owner make?

How much money you could make as a Snap-on Tools Franchise owner depends on a wide variety of factors. As a business owner, your primary goals are to strive for high sales while keeping your oper_ating costs as low as possible while still maintaining quality products and service. The monthly oper_ating costs that you will incur as a Snap-on Tools Franchise owner may include royalty fees, rent or mortgage, staffing, products, supplies, utilities, administrative costs and other things. Although your monthly oper_ating costs may vary from month to month, your start up costs are typically fixed and they will cover the majority of your initial oper_ating equipment, signage, and renovations.

Initial Investment
$8,000 - $490,150
Initial Franchise Fee
$8,000 - $16,000
Royalty Fee
$125/mo.
Term of Agreement
10 years
Renewal Fee
50% of current license fee
Latest News
Snap-on Incorporated Completes Acquisition Of Proquest Business Solutions

2006-11-28
Harvick Finishes Fourth, Earnhardt Fifth In Points

2006-11-19
Snap-on To Present At Baird Industrial Conference

2006-11-03
Snap-on To Acquire Leading Provider Of Automotive Parts And Service Information - Proquest Business Solutions

2006-10-23
Snap On "Gissa Quid" Campaign Raises 35,000 For The Prostate Cancer Charity

2006-01-30
Andy Ginger Joins Snap-on As Chief Marketing Officer
Kenosha, Wis
2005-10-24
Snap-on Incorporated, Its Associates And Franchisees Join Together For Hurricane Katrina Relief
Kenosha, Wis
2005-09-02
Snap-on Tools Company's Equipment Solutions Group Recognized As A Top Supplier By Honda
Kenosha, Wisconsin
2001-08-31
Snap-on Recognized As An E-business Leader By Informationweek
Kenosha, Wisconsin
2000-01-10 View All
Snap-on Tools Franchise Opportunity viewed times by investors.
 

Legal Disclaimer: This information is not a franchise offering for Snap-on Tools and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing a Snap-on Tools franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.