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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
$25,000
Net worth required
$50,000
Investment
$17,900 - $278,500
Franchise fee
$5,000
Units in operation
4,682

Overview

To open a location, you should have $25,000 available as liquid capital. The franchise expects its new franchisees to have a net worth of at least $50,000. The minimum you would expect to invest in a Snap-On Tools location is $17,900. The most the franchisor could ask you to invest is $278,500 if you want to become a franchisee. New franchisees pay Snap-On Tools a franchise fee of $5,000. There are currently 4682 Snap-On Tools units in operation.

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