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Snap-on Tools
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.
2010 AllStar Rank: 45
2009 AllStar Rank: 90
Full Disclosure Award
This company gets a nod for disclosing financial performance representations in Item 19 of its Franchise Disclosure Document (FDD). For an explanation of why this is important, read The Importance of Item 19 in the Franchise Disclosure Document.
AllStar Franchise
Fast Facts
| Year established | 1920 |
| Franchising since | 1991 |
| Can be run from home? | Yes |
| Number of employees needed | 1 |
| Item 19 Financial Performance Representation? | Yes |
| Multiple units must be purchased in U.S. | No |
| Multiple units must be purchased outside U.S. | No |
| Absentee ownership allowed? | No |
Franchise Unit Growth Rate
| Year | U.S. Franchises |
Non-U.S. Franchises |
Company-Owned Locations |
| 2011 | 3,216 | 1,310 | 241 |
| 2010 | 3,215 | 1,294 | 234 |
| 2009 | 3,245 | 1,268 | 206 |
Expanding in These Locations
| Total Investment | $17,925 - $289,080 |
| Franchise Fee | $5,000 - $15,000 |
| Royalty Fee | $102 per month |
| Net Worth | $30,000 |
| Liquid Capital | $17,925 - $80,081 |
| Does franchisor offer financing? | Yes |
| Is franchisor on the SBA's Franchise Registry? | No |
| Is franchisor a member of the IFA's VetFran program? | Yes |
AllStar Franchise
| Company Type: | Public |
| Employees: | 11,600 |
| 1 Year Employee Growth: | - 6.5% |
| Executives: | Jack D. Michaels, ChairmanMartin M. (Marty) Ellen, SVP Finance and CFONicholas T. Pinchuk, President, CEO, and Director |
| Rankings: | S&P 500, |
| Sales: | $2,904,200,000 |
| 1 Year Sales Growth: | 15.1% |
| Net Income: | $181,200,000 |
| 1 Year Net Income Growth: | 81% |
| See More Financials | |
| Industries: | Hand Tools, Power Tools, Lawn & Garden Equipment |
| See More Industries | |
| Top Competitors: | Black & DeckerDanaherStanley Works |
AllStar Franchise
