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Snap-on Tools

Retail mobile store selling repair and diagnostic tools and equipment

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.

2011 AllStar Rank: 131
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

AllStar Rank: 81 See All AllStar Franchises
Snap-on Tools
2801 80 Street
Kenosha, WI 53143
262-656-5200

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

United States, Asia, Australia/New Zealand, Canada, Europe
Costs
Total Investment $17,925 - $289,080
Franchise Fee $5,000 - $15,000
Royalty Fee $102 per month
Financial Requirements
Net Worth $30,000
Liquid Capital $17,925 - $80,081
Franchisee Qualifications
Strong work ethic
Committed to success of business
Enthusastic and determined
Financing
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
Financing Assistance
Financing is available through affiliate Snap-on Credit for business assets, inventory, van, and accounts receivable

AllStar Franchise

AllStar Rank: 81 See All AllStar Franchises
Snap-on Tools
2801 80 Street
Kenosha, WI 53143
262-656-5200
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