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Snap-On Tools

Franchise

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.

Facts & Figures

Liquid capital required
$37,583
Net worth required
$37,583 - $55,545
Investment
$169,223 - $382,235
Franchise fee
$8,000 - $16,000
Offers Financing
Yes
Units in operation
4,769
Founded
1920
Franchising Since
1991

Overview

$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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