Snap-on understands the mechanics of the automotive repair business. It's a leading manufacturer and distributor of high-quality hand tools, as well as auto diagnostic equipment and "under-car" shop implements, such as hydraulic lifts and tire changers. It serves mechanics, car manufacturers, and government and industrial organizations. Snap-on's products -- with brand names Snap-on, Blackhawk, Mitchell, ShopKey, Sun, and others -- include air-conditioning service equipment, collision repair equipment, management software, roll cabinets, screwdrivers, tool chests, wheel balancers, and wrenches. The firm publishes Tech, a lifestyle magazine that's free and hand-delivered by dealers to 1 million technicians.
Liquid capital required
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$37,583
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Net worth required
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$37,583 - $55,545
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Investment
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$169,223 - $382,235
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Franchise fee
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$8,000 - $16,000
|
Offers Financing
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Yes
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Units in operation
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4,769
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Founded
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1920
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Franchising Since
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1991
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$37,583 is required in available capital if you want to become a franchisee. The franchise expects its new franchisees to have a net worth of at least $37,583. $169,223 is the minimum that someone opening a location should expect to invest. The high end of the total investment required to open a franchise is $382,235. $8,000 is the franchise fee new franchisees pay the franchisor. The company was originally founded in 1920. Franchising as a means of location growth started in 1991. In total, there are 4769 units of this franchise open today.
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