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

#9 franchise in Passion on topfranchise.com.au
#6 franchise in Brand 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
156
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
August 2016
Participation Rate
46%

Initial Investment

$150,000

Training

1 Week - Dallas, 2 Days - Sydney Head Office, 4 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

Main Products or Services

Handtools, Diagnostic Equipment, Tool Storage

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.

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