Cornwell Quality Tools
Cornwell Quality Tools Company
Company Information
667 Seville Road
Cornwell Quality Tools Company is an Ohio corporation that was incorporated in 1919. Their principal place of business is 667 Seville Road, Wadsworth, Ohio 44281.
Cornwell has been selling products to independent dealerships under its present ownership for approximately 54 years, and has modified its program to be a franchise for those who became dealers after December 31, 1996. Previously, its relationship with its dealers consisted simply of agreements with them, which provided essentially only that Cornwell would sell to them and would authorize the use of Cornwell's trademarks and trade dress, with certain buyback provisions. As of December 31, 2003, Cornwell has only franchised dealerships and eliminated the program for non-franchised dealers. You will have to comply with various state and local laws as those related to driver’s licensing, vehicle licensing and automobile insurance. In some states, a physical examination may be required to obtain a license to drive a commercial vehicle. Insurability and insurance rates will generally be dependent upon your past driving record.
25 Ongoing Lawsuits
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Franchise Rating
Franchimp Summary Rating
5/10
Investment Accessibility
5/10
Franchise System Development
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Distribution of Cornwell Quality Tools Franchisee
Employee Contact Database
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Summary of Investment Costs
Upfront Franchise Fees
Minimum: N.A Maximum: N.A
Upfront franchise fees are the one-time payments required to secure rights to operate under an established brand, typically ranging from $20,000 to $100,000+ depending on brand value.
These fees grant access to proprietary business systems, training programs, intellectual property rights, and often territorial exclusivity—essentially purchasing the blueprint for a proven business model.
While separate from ongoing royalties, investors should evaluate these fees against expected returns, comparing fee-to-earnings ratios across opportunities and assessing how effectively franchisors reinvest these funds into system improvements.
Total Investment Costs
Minimum: $174,525 Maximum: $318,825
Ongoing Fees
Ongoing franchise fees, typically structured as royalties ranging from 4-8% of gross sales, represent the continuous payments franchisees make to maintain brand affiliation and support services.
These recurring fees fund the franchisor's operational assistance, marketing initiatives, technology updates, and continued brand development—creating a partnership where the franchisor's revenue grows alongside the franchisee's success. In addition to royalties, franchisees often contribute to national advertising funds (usually 1-3% of sales) and may incur technology fees, supply chain markups, or renewal fees depending on the franchise agreement.
Investors should carefully analyze these ongoing costs within their financial projections, as they directly impact profit margins and cash flow throughout the entire franchise relationship.
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