Is snap-on tools a good franchise to buy?
With a global network of more than 4,300 franchises, Snap-On Tools have enjoyed franchising. Over 3,200 of their franchises are located in the United States. They offer in-depth and personalized support to many of their franchisees, especially new ones. They usually provide training and marketing, and helpful managers may be there to guide you.
Why choose snap on franchisee?
Snap on has the first right of refusal on the sale of your franchise. You will be forced to deal with non paying customers. Your head count of customers will always be less then it should be.
How long does it take to become a snap-on franchise owner?
While becoming a Snap-on franchise owner is a big decision, it doesn’t need to be a complicated process. Your journey may be easier and faster than you think. Snap-on Tools franchisees can get the keys to their new mobile store in as quickly as 30 days.
Why become a snap-on dealer?
For the few, the proud, the willing and able, Snap-On presents the opportunity to sell the best tools in the world. For everyone else, there are other opportunities. During my 23 years as a Snap-On Dealer customers frequently told me I had it made.
See more
How much do you make owning a Snap-on franchise?
A Snap-on franchisee earns $24.78/hr. A week of work would earn you $991/week which accumulates to $4,295/month or $51,540/year. Of course, Snap-on franchisees may earn lower or higher than that. As of 2022, the salary here ranges from $25,000 to $85,000.
How much does a Snap-on owner make?
Average Snap-on Owner Operator Driver yearly pay in the United States is approximately $100,000, which is 54% below the national average.
How much does it cost to become a Snap-On Tool dealer?
The franchise expects its new franchisees to have a net worth of at least $37,583. $169,223 is the minimum that someone opening a location should expect to invest. The high end of the total investment required to open a franchise is $382,235. $8,000 is the franchise fee new franchisees pay the franchisor.
How does being a Snap-on dealer work?
Snap-on grants franchisees a license to operate a franchised mobile store. As a franchisee, you own your own business, selling high quality repair and diagnostic tools and equipment to a protected list of calls.
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 much can you make as a tool truck driver?
While ZipRecruiter is seeing annual salaries as high as $93,500 and as low as $22,000, the majority of Tool Truck Driver salaries currently range between $40,500 (25th percentile) to $66,500 (75th percentile) with top earners (90th percentile) making $79,500 annually across the United States.
How Much Is a Snap-on tool truck franchise?
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.
Who makes snap-on tools?
J.H. Williams & CoIn 2010, the Murphy, North Carolina plant was named one of the top 10 plants in North America by IndustryWeek. In 2011, J.H. Williams & Co was officially renamed Snap-on Industrial Brands.
Does Snap-on do payment plans?
Snap-on's Shop Owner EC program offers low interest rates and a “six months same as cash” feature for shop owners. This feature gives you six months to pay for credit purchases without paying interest. Snap-on tools are sold online and through franchisees who bring their tool trucks to automotive shops.
How much does it cost to become a Cornwell tool dealer?
between $114,525 and $272,825What 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.
How do I become a Matco dealer?
How do I qualify to become a Matco Tools Franchisee? Completing the Matco Distributor application and submitting it for preliminary approval permits a detailed analysis of funding requirements, available financing options, and establishes franchise qualifications.
How do I report a snap to dealer?
Via the toll-free Snap-on Ethics Helpline at 866-GO-TOOLS or 866-468-6657.
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.
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.
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?
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.
Do you have to go to Lowes to get a replacement tool?
They come to you. This is a big deal for guys who work long hours and is usually why guys buy their tools anyway. They come right up to the shop. You don’t have to make a trip to Lowes or Home Depot to get a replacement.
Is a line wrench a good investment?
Great line wrenches. If you don’t know what a line wrench is, you are missing out. They are so nice when removing lines and fittings. Definitely a good investment for the professional mechanic. While I have used these a while, I have also found GearWrench to be fantastic as well. They make a great set, and they actually have flex heads. Check them out!
Can you buy Snap-On from the Tools Man?
The Tools man. You are forever tied to your tool, man. Sometimes that’s ok, and sometimes it’s not. You can only buy Snap-On from that guy unless you drive a town over and catch the other guy.
Is Snap On overpriced?
Not everything Snap-On tools ever made is overpriced. I think some things can make your job easier that is not priced into the atmosphere. The point I am making is that there are acceptable alternatives that can be purchased at a much lower-priced and you can have a lot of success with them.
Do you have to buy Snap On tools?
When you use your tools for a living, you need to find the right ones for you. With that said, you don’t have to buy Snap-On to get professional quality tools, and they will last.
Does Snap On capitalize on poor people?
The Snap-On franchise really capitalizes on the poor the same way Rent-A-Center does. I have never met a guy with credit so bad he couldn’t get approved on the Snap-On truck.
Can you replace a ratchet with a rebuilt screwdriver?
They do not replace your ratchet or screwdriver. They rebuild them. This may be me being a little nit-picky but, rebuilt is not a replacement. When I have needed new GrearWrench or Kobalt ratchets, I just took them in and got a new one.
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.
Ratings by Demographics
This rating reflects the overall rating of Snap-on and is not affected by filters.
Outstanding franchise opportunity
This is an outstanding opportunity, Run your own truck, you are in charge good or bad it is up to you. It is a business and you have to treat it like one. The business does require long hours but if you follow the process and manage your time, money and risk, the business will reward you.
Its who you know..
Money (i did well), Pride in what i sold, When i first started the people which felt like family...and then i moved to the Kentucky area and management and the area dealers where not the same.
Franchise Owner
Set your own schedule. Work with a great product. Meet many new people everyday
Franchise Owner
Top notch training is provided with your franchise fee. Product is second to none Annual sales conference, although on your own dime is well worth it
