Snap-on Tools Franchise

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Snap-on Franchise opportunities

Snap-on Incorporated is a designer, manufacturer and marketer of high-end tools and equipment for professional use in the transportation industry including the automotive, heavy duty, equipment, marine, aviation, and railroad industries. Snap-on also distributes lower-end tools under the brand name Blue-Point.
Snap-on, Inc has more than 65,000+ SKUs in our product line, operates in more than 130 countries and employs approximately 12,600 people worldwide. Snap-on also has a franchise network of more than 4,200 franchisees.
Snap-on tools are sold only by dealers and not in retail stores. Snap-on has always maintained the philosophy that the customer's time was too valuable to spend going shopping for tools. Snap-on franchisees visit their customers in their place of work once weekly, in a van loaded with items for purchase.

How to open a Snap-on Tools franchise?

Ensure you have adequate capitalization.
In order to open a Snap-on franchise, you must have a net worth of more than $172,000.
Appreciate the investment required for a franchise.
Depending on how you pay for various parts of the business, including whether you buy or lease your mobile store, your start-up out-of-pocket expense can vary.
Evaluate your prior experience and strengths.
You should thoroughly evaluate your prior business experience before applying to become a Snap-on franchise owner.
Assess market availability.
You will want to look at the market availability for Snap-on franchises and see if there are available markets in your location of interest before proceeding with the franchising application. The locations on your list of calls are not assigned to any other Snap-on Tools franchisee, so your route is your responsibility.
Submit your application.
Your application will be reviewed by the Snap-on franchise team. You will be emailed a confirmation receipt upon reception of your online application, where we will additionally provide the contact details of the franchise owner.
Receive approval & opening your Snap-on franchise.
You will receive franchise approval once your financial and background checks are completed. Approval will only be given to candidates who meet all the requirements of franchise owners.

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How much does Snap-on franchise cost?

Snap-on has the franchise fee of up to $16,000, with total initial investment range of $171,385 to $359,767.

Initial investments: $171,385 - $359,767
Net-worth Requirement: $35,677 - $53,366
Liquid Cash Requirement: $35,677 - $53,366

Ongoing Fees

Initial Franchise Fee: $8,000 - $16,000
Ongoing Royalty Fee: $120/mo.

Snap-on tools franchise profit

Snap-on tools franchise allows entrepreneurs to enter a promising venture while seizing good profits. This tool and equipment brand offer potential franchisees a chance to open a store at affordable costs. The franchisor also offers a discount for veterans. Snap-on tools franchise profit differs from unit to unit. On average, owners get a profit margin of 25% of annual gross sales. The median revenue of each unit is approximately $750,000 per year. An individual owner’s income is estimated at about $170,000-$190,000 a year. A Snap-on tools franchise is an excellent opportunity to acquire your own business and make good profits.