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Snap-on Tools Franchise ^Featured

#2 franchise in Refer on topfranchise.com.au
#3 franchise in Passion on topfranchise.com.au

Area: Wholesale and Retail of Handtools. Tool storage, Power Tools, Diagnostic Equipment

Business Established: 1920 in USA, 1988 in Australia

Units/Locations: 151

Initial Investment: $150,000

Agreement Terms: 6 Years

Training: 1 Week - Dallas, 2 Days - Sydney Head Office, 4 Weeks - With Manager on the Road

FCA Member: Yes

Multi-Unit Ownership Allowed: Yes

Average Set up time: 3-4 Months

How many products or services: Catalogue has 15,000 items

Ratio of Support staff per franchisee: 100 staff support 151 Vans

Business Model:

Franchisees call on customers (Technicians) at their place of work

Main Costs:

Cost of Tools
Van repayment costs
Petrol and maintenance

Main products or services:

Handtools
Diagnostic Equipment
Tool Storage

Comparitive store growth: Franchisees sales have increased by 7% per annum for the last three years.

Last Surveyed: 15th April 2009

Participation Rate: 27%

Survey Results

Description

DescriptionThe Snap-on company was founded in 1920 in the USA with the invention of the interchangeable socket wrench, which today is referred to as a ‘socket set’. Quality and innovation has been the creed and today Snap-on invests USD50 million per annum on research and development for new products. Snap-on is a brand that defines quality and the benchmark for professional tool users. Snap-on is a USD2.8 billion corporation with over 19,000 tools in the range distributed through almost 5,000 franchised mobile stores around the world. Snap-on is also outside this world as Snap-on tools are used by NASA for the space shuttle.

Future Plans

With the latest in tools and equipment available, Snap-on franchisees are a solution provider for their customers. In Australia Snap-on employs over 90 support personnel for the 150+ mobile stores with the franchisees divided into Field Groups. A Field Group comprises of approximately 10 franchisees with a dedicated Sales Development Manager (SDM). SDMs regularly ride with their franchisees to help business development. Each State has a Business Manager to assist franchisees with business planning and business reviews. A Franchise Development Training programme was introduced in 2008 and is being enhanced in 2009 to further assist franchisees.

Testimonials

Tony Cinque, Snap-on franchisee in Victoria was asked:
‘What attracted you to Snap-on Tools?’

‘I firmly believe that Snap-on Tools are the best quality tools you can buy; they have no peer. The company’s professionalism together with its support programmes and long history is reassuring. I also enjoy not having staff or premises to manage. Above all I am extremely proud of our brand and quality’.

Website

www.snaponfranchise.com.au