Snap-on Tools Franchise

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

#6 franchise Overall on topfranchise.com.au
#8 franchise in Support on topfranchise.com.au
#6 franchise in Passion on topfranchise.com.au
#8 franchise in Marketing on topfranchise.com.au
#7 franchise in Brand on topfranchise.com.au
#8 franchise in Innovation 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

171

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

2023

Participation Rate

48%

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 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

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

Ben - VIC

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

Troy - WA

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

Cameron - WA

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

John - SA

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

Malcolm White, 2020 - Mandurah WA

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

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