Snap-on Tools Franchise Information
Snap-on Tools is a franchise for a business providing professional tools and equipment. It was founded in 1920 and started franchising in 1991. It was founded by Joseph Johnson and William Seidemann.
The first product that they manufactured and marketed was ten sockets that “snap-ons” to five types of interchangeable handles. This was when they revolutionized the industry of tools. They also worked with Stanton Palmer. He was responsible for taking it to the customers, demonstrating what it can do and it was the start of their marketing success. Then they needed to bring in Newton Tarble to help with the workload.
These four people were the ones who placed Snap-On on the map. It was in 1931 that they started expanding internationally. In the 1950’s, the concept of making their products more available to their customers in a mobile shop and thus became the van franchise. They now have 3,247 locations in the United States and 343 locations in Canada. Internationally, they have 920 locations in Europe, Asia, Africa, and South America. They also have 237 locations that are owned and operated by the company.
What products do they offer at Snap-on Tools?
They have a wide range of categories of tools including Abrasive Blast Systems, Air Conditioning, Awls Hooks And Picks, Bit Sockets, Brake, Bushing or Seal, Creepers or Covers, Cylinder, Drive Line, Engine Service, Extensions, Fluid Maintenance, General Service Sets, Hand Held Diagnostics, Heavy Duty Truck Tools And Equipment, Lifting, Lubrication, Mirrors or Pick Up Tools, Nut Splitters And Cable Cutters, Paint Spray, Parts Washers, Air Power Tool Accessories, Cordless Power Tools, Presses, Prybars, Punches or Chisels, Ratchet And Socket Accessories, Safety Equipment, Screwdrivers, Shop Fans or Vacuums, Spark Plug, Thread Restoring, Testing And Electronics, Tire And Wheel, Threading, Tool Storage / Epiq Series, Tool Storage / Classic Series, Tool Storage / Master Series, Tool Storage / Heritage Series, Tool Storage / Special Editions, Tool Storage / Mobile Solutions, Tool Storage Accessories, Tubing, Torque, Vises / C-Clamps / Work Benches, Valve, Wheel / Axle Pullers, Welding, Wheel Balancing / Tire Changers, Wheel Alignment, and Wrenches. They also sell licensed Snap-on apparels, drinkware, decals, boots, shoes, socks, shirts, hats, racing jackets, and calendars.
Cost and requirements on running a Snap-on Tools franchise
You need to have a net worth of $30,000 and a total liquid asset of at least $17,925 to $80,071. Expect to be investing about $17,000 to $290,000. The cost of Snap-on Tools franchise fee is $5,000 to $15,000 with an on-going royalty fee of $102 per month. This is for a renewable 10 year term agreement. They allow multi-unit ownership. They do not allow absentee ownership.
What is included in the franchise package?
There will be three weeks training at your location, one week at an existing branch, and one week at a regional center. You will be receiving newsletters and a toll free phone number. You will be provided assistance at the grand opening. You will be given access to the internet. Expect to be attending meetings and receiving occasional field evaluations to check on your progress.
Snap-on Tools Contact Details
You may reach them at:
Address: P.O. Box 1410 Kenosha, WI 53141-1410
Phone: (262) 656-5200