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Home > Franchises > Snap on Tools
Snap-on Tools
A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.
Since 1920, Snap-on Tools dealers have sold a variety of hand, power and diagnostic tools to professional service technicians. From their mobile showrooms, dealers visit customers once a week making sales, handling repairs and introducing new products.
Snap-on provides dealerships, body shops, marinas, airports and other shops where cars, trucks, boats, planes and various vehicles are repaired with tools and equipment. Franchisor is a publicly-held company with 0 employees and 10 employees in franchise department. Snap-on Tools provides mobile professional tool sales and repairs.
Snap-on Incorporated is a leading global developer, manufacturer and marketer of tool and equipment solutions for professional tool users. Product lines include hand tools, power tools, automotive diagnostics and shop equipment, tool storage products, automotive diagnostics software and other solutions for the transportation service, industrial, government, education, agricultural, and other commercial applications, including construction and electrical. Products are sold through its franchise dealer van, company direct sales and distributor and internet channels. Founded in 1920, Snap-on is a $2 plus billion, S&P 500 Company headquartered in Kenosha, Wisconsin and employs approximately 14,000 worldwide.
The total investment is $18.8K-262.9K, franchise fee is $7.5K, ongoing royalty fee is $63 per month, term of agreement is 10 years and renewable fee is 50 percent of current license fee. For their excellent service they achieved good position. They ranked Franchise 500 rank of 41 in 2006, 25th in 2005, 20th in 2004, 13th in 2003, and 14th in 2002. They were ranked number 1 in category in 2006, 2005, 2004, 2003 and 2002. Snap-On is the leading global developer, manufacturer and marketer of tool and equipment solutions for professional tool users.
Their business is all about dealing with people. Selling tools to professionals requires a commitment to understanding problems, paying attention to details, and building relationships based on honesty and trust. They look for prospective dealers who have the ability and desire to be successful.
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