Franchise Opportunity Rating
Review completed: November 2019
$172,207 - $375,265
Snap-on Tools LLC
2801 80th. Street
Kenosha, WI 53143
Franchise Contact Erica Hoey
Franchise Information Center
In 1920, Snap-on started with an idea that revolutionized professional tool sets across the industry. Joseph Johnson and William Seidemann pioneered the idea of taking five handles of different configurations and ten sockets of varying dimensions and fashioning them to “Snap-on” to each other interchangeably. The concept of “Five Do the Work of Fifty” was just the start of our relentless determination to be the best, providing practical, original and inventive solutions to the professionals we serve.
Headquartered in Kenosha, Wisconsin, Snap-on is a leading global developer, manufacturer and marketer of tool and equipment solutions for professional tool users. We have more than 65,000 SKUs in our product line, operate in more than 130 countries and employ approximately 12,600 people worldwide. Our franchise network consists of more than 4,600 franchisees that is still growing thanks to our proven business model.
Snap-on Incorporated is a $3.7 billion, S&P 500 company with a product line that includes high-quality hand tools and tool storage solutions, diagnostic equipment information and management systems, and “under-car” shop implements like hydraulic lifts and tire changers.
Actual owner reviews from our third party, independent surveys.
"We at snap-on have the best training I have ever seen or even heard of, thank you for that. The only place for improvement [with training] is in how to use an assistant effectively, but I understand this is still relatively new to Snap-on as a whole [and] I am confident it will reach the same level of excellence as our other training programs."
Mark, Medium market (100,000 - 249,000 population), Overall Brand Rating: 73
"I think the staff is doing a lot for the dealers and they always give me the support I need… they know their management roles. I’m proud of [my] region. My recommendation? Keep doing what you're doing."
Michael, Medium Market (100,000 - 249,000 population) , Overall Brand Rating: 96
"Through the years, Snap-on has become more and more supportive of the dealers, making it easier to own a larger part of the available customer base… After 35 years as a dealer, I feel as I did when I first started. I’m lucky and very honored to be that guy that gets to be a Snap-on Dealer. What a COOL career!!"
Tom, Very Small Market (Under 50,000 population), Overall Brand Rating: 87
Every potential business owner should answer the question "How much money will I make?" before investing in a business. We believe our "Discovery" process gives you the information you will need to draw your own conclusion. Part of your Discovery of the Snap-on Tools franchise is to determine if it is a good fit for you. Your Discovery includes a franchisee "Ride Along" where you will witness a Snap-on Tools franchisee operating their Snap-on franchise business. As a potential Snap-on Tools franchise candidate, you will quickly realize that this is a customer relationship business and your ability to develop successful business relationships and operate the Snap-on Tools program are key components to your level of success. No two franchise owners personalities are the same, nor are their expenses. Therefore, we feel it is appropriate for you as a potential franchise owner to determine what your sales, expense and income may be.
Prior to the "Ride Along", you will be guided by a Snap-on Franchise Manager on an interactive online tour of our franchise opportunity, part of which includes receiving a copy of our Franchise Disclosure Document (FDD). We recommend you carefully review the entire FDD with your financial advisor and legal counsel including Item 19, which is our Financial Performance Representation, Item 7 and Item 6, which disclose our initial investment and other fees to assist you in determining your potential.
At Snap-on, we value the hard work and sacrifice of our veterans and believe the skills built in the military can translate to owning a franchise. That's why we offer veterans a $20,000 discount in cost of their initial tool inventory. If you choose to finance your franchise through our affliate Snap-on Credit, they may consider your veterans discount equity and reduce the down payment for your franchise finance loan.
We are proud to be ranked the #1 Franchise for Veterans in Entrepreneur 2018 and are especially proud of our veteran franchisees!
In addition, Snap-on is a proud member of VetFran, an International Franchise Association initiative to support veterans interested in franchise ownership and careers in franchising. Snap-on is proud of its time-honored tradition of saluting our military.
The Snap-on franchise opportunity compares favorably to other franchise offerings in a variety of ways. Cost of entry is very competitive, products are best in class and the customer base is already established.
Although Snap-on franchisees own their own businesses, we provide continuous support and training. We license you to service a list of shops with no competition from other Snap-on Tools franchisees, making it possible for franchisees to learn from each other and share ideas. However, the support does not end there.
Even before you start your journey as a Snap-on franchisee, a Franchise Manager will be available to you to answer all of your questions and walk you through the discovery process.
All new franchisees attend approximately 10 days of excellent intial training sessions in Grapevine, Texas that include:
We have been around for a long time, so we know how to grow with the ever evolving tool industry and economy. However, we never stray from our proven business model that has made Snap-on the #1 tool brand since 1920. It includes:
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.
Out-of-pocket start-up expenses for a franchise when using Snap-on financing:
Mobile businesses are attractive for both businesses and consumers, with low-overhead and convenience. Mobile franchises are a great option and are offered at nearly all investment levels. Snap on Tools typically ranges from $172,207 to $375,265.