Snap-on Tools Franchise

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

The 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.

topfranchise Award Highlights

#7 franchise Overall on topfranchise.com.au
#4 franchise in Expansion on topfranchise.com.au
#7 franchise in Passion on topfranchise.com.au
#9 franchise in Brand on topfranchise.com.au
#10 franchise in Lifestyle on topfranchise.com.au
Area
Wholesale and Retail of Handtools. Tool storage, Power Tools, Diagnostic Equipment
Business Established
1920 in USA, 1988 in Australia, 1993 in New Zealand
Units / Locations
163
FCA Member
Yes
Multi-Unit Ownership Allowed
Yes
Agreement Terms
6 Years
Comparative Growth
Franchisees sales have increased by 7% per annum for the last three years.
Last Surveyed
2020
Participation Rate
33%

Initial Investment

$42,000 deposit, with finance options available

Training

2 weeks - Dallas, 3-6 weeks with Manager on the road

Business Model

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

Main Cost

Cost of Tools, Van repayment costs, Petrol and maintenance. Please contact Snap-on for a full disclosure document

Main Products or Services

Handtools, Diagnostic Equipment and Software, Tool Storage, Shop Equipment, Powertools

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 100 support personnel for the 180+ mobile stores with the franchisees divided into Field Groups. A Field Group comprises of approximately 12 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. Snap-on continues to grow its franchise network to be able to provide the best solutions to professional tool users.

Testimonials

Snap-on is a great brand and has an excellent business model.

Ben - VIC

Very good back up in all areas of the head office system and prompt response to resolve any issues.

Cameron - WA

Have had a long a successful relationship with Snap-on which continues to grow.

Malcolm White, 2020 - Mandurah WA

The system is designed to give new starters the best chance to succeed and the support is excellent.

Troy - WA

I'm in control of my financial future, if I put the time and effort in I am rewarded.

John - SA

It's a great business to be in.

Andre - NSW

I love my business and like sharing my success with others. I wish my friends to become successful too. With Snap-on that can be achieved.

Daniel - NSW

The franchise has grown and been profitable for 17 years.

Malcolm - WA

Snap-on is a great franchise with a great product, expansion opportunities and a great reputation. 

Andrew, 2020 - QLD

I make a great living. It's good profit and a new product that is the best in the marketplace 

John, 2020 - SA

Freedom to be your own boss with the backing of a multinational company.

Kurt Jeffrey, 2020 - NSW

Flawless program to follow and constant support.

Micky - NSW

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