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How many Snap-on franchises are there?
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.
How many dealers does Snap-on have?
Our business model has worked for franchisees since the beginning, it is working for our current 4,600 franchisees around the globe and it could work for you.
Is Snap-on Tools a franchise?
Franchise Description: The franchisor, Snap-on Tools Company LLC, offers a license to operate a franchised mobile store selling high quality repair and diagnostic tools and equipment. Snap-on manufactures and/or distributes these tools and equipment to professional mechanics and other tool users in the United States.
How many tools does Snap-on have?
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.
Is Snap-on owned by Harbor Freight?
No, Harbor Freight does not own Snap-On. Snap-On is an independent company with no affiliation to Harbor Freight, although they overlap in their product lines. Snap-on is part of Snap-on Incorporated – a public company that uses the symbol SNA.
How much does a Snap-on franchise earn?
How much do Snap-On Franchise Owners make? The highest-earning franchise made over $2 million in revenue whereas the lowest-earning franchise made less than $150,000. These numbers indicate that potential earnings can vary significantly and it depends on factors.
What franchise is the most profitable?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
What is Snap-On Tools net worth?
$11.54BInteractive chart of historical net worth (market cap) for Snap-On (SNA) over the last 10 years. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Snap-On net worth as of October 20, 2022 is $11.54B.
Who makes snap-on tools?
Answer: Snap-On was founded by Joseph Johnson and Bill Seidemann in 1920. Their tools are manufactured and distributed by Snap-On Company. Their global headquarters are located in Wisconsin at Kenosha. Since then, they have been able to employ more than 12,600 people.
Are Blue Point tools made by Snap-on?
The Blue-Point Tool Company was established in Milwaukee, Wisconsin in 1925. Initially providing punches and chisels, it soon expanded to include wrenches, pliers and more. The Blue-Point name became synonymous with quality hand tools. Blue-Point and the Snap-on Wrench Company merged to become Snap-on Tools, Inc.
Is Snap-on made in China?
Only certain Snap-On tools are still made in the USA. Most hand tools are still made in their facilities in Milwaukee and other U.S. manufacturing locations, but products like their cordless power drill kit are made in China, among other countries.
Are Kobalt Tools made by Snap-on?
In 2003, the Danaher Corporation took over the manufacturing of Kobalt tools as J.H.Williams became Snap-On Tools. In 2011, Lowe's again switched manufacturers to J.S. Products of Nevada, which still makes the tools today.
Background
Do you consider yourself to be a DIY aficionado, mechanic, or professional contractor? If you are, then you will have an understanding of how not many businesses provide quality tools like the Snap-On Tools franchise does. Founded in 1920, the brand has grown to become of one of the world's lead professional tool businesses.
Support and Training Offered By Snap-On Tools
In terms of support and training, the franchisee can expect initial training that lasts ten days in Grapevine, Texas. During this time, you will learn Product Knowledge, Franchise Business Management, Point of Sale System Training, and Snap-on Credit Financing for Customers.
2022 Franchise Requirements Needed to Own a Snap-On Tools Franchise
No advertising fee No initial training fee Financing Options: Yes Veteran Incentives: Yes Investment range: $169,223 to $382,235.
Franchises Similar to Snap-On Tools
The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises.
Where is Snap On franchise available?
Franchises Available Worldwide: Snap-on has franchises available in the U.S. as well as several other countries including United Kingdom, Japan, Australia, Canada, Netherlands, Belgium, Germany, South Africa, Puerto Rico and Guam.
How many people does Snap On employ?
Snap-on Incorporated has more than 19,000 products, operates in more than 130 countries and employs approximately 11,600 people worldwide. Snap-on also has a franchise network of more than 4,000 franchisees. Headquartered in Kenosha, Wisconsin, Snap-on is a leading global developer, manufacturer and marketer of tool and equipment solutions ...
What is Snap On Tools?
Snap-on Tools has the #1 market share position in the industry and our tools are universally recognized by professionals as the absolute highest quality tools in the industry. Snap-on franchisees are in the enviable position of selling exclusive, premium products to their customers that were ranked number one in every category – Hand tools, Power Tools, Tool Storage and Diagnostic Equipment – in a recent independent survey by Frost and Sullivan of U.S. automotive technicians.
What is Snap On?
Snap-on serves technicians in the auto, marine, and aviation industries, vehicle manufacturers, utilities, and government and industrial organizations
Does Snap On offer veterans discount?
That's why we offer veterans a $20,000 discount in cost of their initial tool inventory. If you choose to finance your franchise through our affliate Snap-on Credit, they may consider your veterans discount equity and reduce the down payment for your franchise finance loan.
Is Snap On a competitive franchise?
The Snap-on franchise opportunity compares favorably to other franchise offerings in a variety of ways. Cost of entry is very competitive, products are best in class and the customer base is already established.
Is Snap On a member of Vetfran?
In addition, Snap-on is a proud member of VetFran, an International Franchise Association initiative to support veterans interested in franchise ownership and careers in franchising. Snap-on is proud of its time-honored tradition of saluting our military.
How much capital do you need to buy a Snap On franchise?
To buy a franchise with Snap-On Tools, you'll need to have $46,062 - $61,362 in liquid capital. Franchisees can expect to make a total investment of $163,452 - $279,752. *
What is Snap On Tools?
Snap-On Tools is looking for franchisees to take advantage of the growing demand for mobile tool stores. Our comprehensive training, proven business model, attractive financing options and the #1 professional tool brand in the world will help you start realizing profits in no time! Don't wait; contact us today!
What is Snap On?
Snap-on serves technicians in the auto, marine, and aviation industries, vehicle manufacturers, utilities, and government and industrial organizations.
Where is Snap On located?
Snap-on also has a franchise network of more than 4,000 franchisees. Headquartered in Kenosha, Wisconsin, Snap-on is a leading global developer, manufacturer and marketer of tool and equipment solutions for professional tool users.
Is Snap On a franchise?
The Snap-on franchise proposition stacks up well against other franchise opportunities in numerous ways. Cost of entry is very competitive, products are best in class and you will receive a protected list of calls. Plus, there is no expensive investment in a fixed site location or ongoing percentage rent like you have in most lease agreements.
How many products does Snap On sell?
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.
How long does a franchise last?
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.
What is franchise fee?
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.
How many different sockets did William Seidemann make?
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.
What is franchise investment?
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.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
How much does Snap On Tools cost?
You must purchase an initial inventory, which Snap-on Tools pre-selects for you, with a suggested retail price approximately between $161,000 to $175,000 and a cost to you approximately between $109,000 to $119,000.
How long do you have to operate a van under Snap On Tools?
If, for any reason other than a transfer of business assets of the Additional Franchise to a franchisee through transfer, either (i) the Additional Franchise is terminated or (ii) you cease operating the van under the Additional Franchise during the three-year period after you start, you will be required to pay Snap-on Tools the entire Inventory Incentive you originally received, which will be immediately due and payable.
How much does it cost to franchise an additional van?
If you are purchasing an Additional Franchise, which includes the purchase of assets by an existing franchisee from an existing franchisee to add an additional franchise, or if you currently operate an additional van under a Franchise Agreement and meet all the requirements to make that a franchise, your initial license fee will be $10,000 and you will receive initial training for your employee, the technology package, and the turnkey office supply package.
How much is late charge on Snap on credit?
Under the Snap-on Credit Van Lease Program, 5% of the amount due (plus interest at 10%) for a payment delayed more than 10 days, or $10.00, whichever is greater (subject to the maximum permitted by law).
What is an unassociated dealer?
Unassociated Dealer. If you are currently in the business of selling and servicing tools for professional mechanics and other customers in the automotive aftermarket and related businesses, but you are not associated with Snap-on Tools (“Unassociated Dealer”), Snap-on Tools may provide you with a portion of your initial inventory, without cost to you, at the time you become a Franchisee.
How much does it cost to transfer a franchise?
Transfer Franchise. If you are purchasing a Transfer Franchise, other than as an Additional Franchise, you will pay a transfer fee of $10,000, unless a different transfer fee is specified in the selling franchisee’s Franchise Agreement. You will receive training, but you will not receive the technology package or the turnkey office supply package.
Do you need to purchase inventory for Snap on Tools?
If you are purchasing a Transfer Franchise or Renewal Franchise, you will not be required to purchase additional inventory as long as your initial inventory meets Snap-on Tools’ minimum inventory requirement.
What is Snap On Inc?
is an American designer, manufacturer and marketer of high end tools and equipment to professional tool users, operating mobile stores to sell these tools and equipment.
How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 3302 franchised Snap-On locations in the USA.
How do franchise profits work?
Franchise profits depend on a number of variables, including local demand for your product, labor costs, commercial lease rates and several other factors. Typically, franchise profits are proportionate to the size of investment. We can help you figure out how much money you can make by reviewing your personal situation. Please unlock this franchise for more information.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
Do they use public figures to promote their franchise?
Yes, unlock to find out which public figure s are used to promote this franchise.
How much money do you need to open a Snap On franchise?
Ensure you have adequate capitalization. In order to open a Snap-on franchise, you must have a net worth of more than $172,000. Appreciate the investment required for a franchise. Depending on how you pay for various parts of the business, including whether you buy or lease your mobile store, your start-up out-of-pocket expense can vary.
How much does Snap On cost?
How much does Snap-on franchise cost? Snap-on has the franchise fee of up to $16,000, with total initial investment range of $171,385 to $359,767. Initial investments: $171,385 - $359,767.
What is Snap On philosophy?
Snap-on has always maintained the philosophy that the customer's time was too valuable to spend going shopping for tools. Snap-on franchisees visit their customers in their place of work once weekly, in a van loaded with items for purchase.