Franchise FAQ

how much is a cornwell tool franchise

by Ettie Gaylord Published 2 years ago Updated 1 year ago
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The minimum investment amount required to open a Cornwell Quality Tools franchise is $59,525 and can go all the way up to $277,825.

District Managers

District Managers support the success of all dealers in their district. More often than not, the District Manager has been in your shoes before. They know what you are going through and are a great resource for tips, tricks, techniques, and questions you may have along the way.

Customer Service

Our Customer Service Department is your research team. If you ever need a tool or have a question, or need to place an order, they will be able to help you quickly.

Marketing

The Marketing Department is always refining our product line to guarantee you have the newest and best products that technicians need and want.

Tech-Credit

The Tech-Credit Department makes financing available for your qualified customers. This helps you make big-ticket sales such as tool boxes, scan tools and large quantities of hand tools. By using Tech-Credit you can manage your cash flow and potentially sell more items.

Publications

The Publications Team is constantly producing tool catalogs and monthly flyers as well as various printed and electronic documents to help you along the way.

Training Team

The Training Team consists of Corporate and Field Trainers as well as Regional and Corporate Managers with tool truck experience who are always available to help.

What does a Cornwell Quality Tools Franchise Cost?

The total investment to be your own boss as a Cornwell Quality Tools dealer ranges between $114,525 and $272,825. Cornwell requires candidates to have a minimum net worth of $40,000 and minimum of $20,000 in liquid assets. And that before you make a decision, you speak with your local District Manager, ride with an existing Cornwell Tool Dealer and talk to dealers in the area.

What is Cornwell tool?

Cornwell Quality Tools is the oldest mobile tool company with a market presence since 1919. Cornwell is determined to continue to support our dealers with knowledge, quality tools, promotional items and much more.

Does Cornwell make quality tools?

While technology, demand, and tool architecture has changed, Cornwell has stuck to its core of producing quality products. We make quality tools so our franchise owners can proudly stand behind the products they sell.

Does Cornwell offer military financing?

Cornwell Quality Tools offers a program to assist members of the U.S. Military seeking to obtain a Cornwell Tools franchise. Military veterans that meet the financing requirements for a Cornwell Tools franchise will be eligible for up to $60,000 of interest-free financing to start their business. Cornwell estimates that the interest savings will be around $20,000 over the course of the loan.

How much does a Cornwell franchise make?

Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors. Unlock this franchise for franchise-specific data and insight.

How many franchise locations do they have?

As of the 2017 Franchise Disclosure Document, there are 692 franchised Cornwell locations in the USA.

Cornwell Tools Promised Him Wealth & Adventure

It had always been a dream of mine since I was little helping my dad work on cars to own my own business and if it could be in the tool industry even better. I love all things mechanical.

Cornwell Tools Franchisee Plunged into Debt

All I needed was a little money a truck and they will take care of the rest. So I said yes I wanted to join the family because that is what the company is supposed to be: a family.

Cornwell Tools Product Backlogs Hastened Failure

Cornwell would send you sales flyers with stuff for customers to buy. Customers would put in orders for things they saw in the flyer and then they were left waiting months for the product because Cornwell didn’t have it in stock or it was on back order.

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