12 Sep, 2017

Snap On Tools Franchise

The Snap on tools franchise deals with selling variety of diagnostic, power and hand tools to professional technicians. The dealers are based in mobile showrooms; and they ensure to visit their clients at least once every week. During these visits, the technicians introduce new products, handle repairs and also take the opportunity to sell to their clients the tools. The franchise has been in operation since 1920.

Snap on has dealerships at places such as airports, body shops and a variety of other places where trucks, cars, planes, boats and different machineries are repaired using tools and equipment.

The total investment of the business averages between $17,600 and $281,960. Initial franchise fee for the business is $5,000. A royalty fee of $50 per month is also applicable. The term of agreement expires after a decade but the franchisees are offered an opportunity for renewing the license at the cost of 50% current licensing fee.

Since 1920, Snap On franchise had been operating independently until 1991 when it started franchising. The entrepreneurs of this business are given a business model that has been developed by masters of the industry for almost a century. Franchisees are given confidential operation manuals to help the business operate successfully. Considering that the concepts that are applied in the business have been discovered after years of dedication, the business is worth the deal.

Entrepreneurs should however understand that the business does not provide financial support hence they should be capable of getting the required capital on their own. Nevertheless, third party financing is available.

The Snap on franchisers understand the important of success of their franchisees. In regard to this, they dedicate a lot of effort to help their entrepreneurs succeed. Initial raining is offered at the headquarters of the business and then followed by further training on the field by specially identified team of experts from the organization.

Unflinching support is also provided to the franchisees in the transition period. This support comes in form of meetings, newsletters, grand opening, toll-free phone line, security procedures, field evaluations and internet services.

In order to reduce the overhead cost, Snap On business is available in form of home based investment opportunity. Since the shops are mobile, one can be taking it to the clients’ location. About 3.4% of the franchisees own more than a single business unit. Absentee ownership is not allowed and all the businesses are owner operated.

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