Databases

Snap-on

Franchise Summary

Description

Snap-on Tools Company LLC ("Snap-on") 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 throughout the United States.

Company Background

Snap-on Tools Company LLC is a leading provider of high quality repair and diagnostic tools to professional mechanics. The company's products are sold through retail outlets, catalogs, the Internet, and through its mobile stores. Snap-On manufactures or distributes these tools throughout the US.

Franchise Opportunity

Owning and operating a Snap-on franchise can be a lucrative business opportunity, but it's not without its challenges. The cost of starting and running a Snap-on franchise can be prohibitive for some entrepreneurs. In addition, you need to have a certain level of technical expertise to be successful. Snap-on offers a license to operate a franchised mobile store selling high quality repair and diagnostic tools and equipment. With over 90 years of experience in the tool industry, Snap-on is the most trusted name in tools.

Corporate Structure

Snap-on Tools Company LLC, is a Delaware limited liability company whose principal business address is 2801 80th Street, Kenosha, Wisconsin, 53143. Their parent corporation is Snap-on Incorporated, a Delaware corporation.

Royalties and Marketing Fees

Royalties : 125

Franchisee Attrition

10 /10

This franchise's rate of attrition in 2023 of 0.00% was Lower than the 9% in the Retail Stores industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system

What's Included in franchise attrition?

We define the franchisee attrition rate as the sum of terminations, re-acquisitions by franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year. It is a strong indicator of the strength of the underlying operating model

Franchise Types Available

#	Type	Investment	Fees

Employee Contact Database

#	Name	Position	Phone Number	Email Address

Franchise Disclosure Documents

FDD	Effective Date

Distribution of Snap-on Franchisees

Snap-on Franchise System Development in 2021

FAQ

How much investment do I need to start my own Snap-on business?

Franchisees typically require at least $8,150 to $411,941 investment to get their Snap-on business started

What are the initial franchise fees for Snap-on?

Franchisees typically need to pay at least $20,000 in fees directly to Snap-on in order to earn the right to launch their business

How much money can I make with a Snap-on franchise? What are the average revenues for a typical Snap-on business?

We haven’t done the math on how much revenue a typical Snap-on brings in each year. We estimate that other franchisees in the Retail industry generate $0 revenue, so we would expect Snap-on to generate a similar amount

How long do I need to commit to running a Snap-on unit? What is my contractual commitment?

Snap-on franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 5 years. You can of course exit early but don’t expect to get any refund!

Accessibility

7 /10

The Franchisor's investment costs ranges from $8,150 to $109,150 which is Much Lower than the $210,550 to $455,143 average in the Retail Stores industry

What determines the investment cost?

Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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