Snap-on Tools

Founded: 1920 Franchising since: 1991
In 1920, a particular wrench could only do one particular job, but Joseph Johnson had an idea to change that. Along with William Seidemann, he began manufacturing ten different sockets that would "snap on" to five interchangeable wrench handles, so that one tool could do the work of five. The Snap-on Wrench Company's representatives sold these new products by taking them to the customers at their places of business and demonstrating their use.

Today, Snap-on Tools franchisees sell far more than just wrenches. They offer over 19,000 products, including hand tools, power tools, diagnostic tools, tool storage and shop equipment, but the way they sell is much the same. Once a week they bring their "mobile stores"--trucks filled with their products--directly to their customers, which include car dealerships, mechanics, marinas and airports.

2801 80th St., P.O. Box 1410 Kenosha, Wisconsin 53141-1410

Phone: (877)476-2766

Franchisor is a publicly-held company with 500 employee(s); 10 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	3078	346	884	174
2008	3,115	347	856	77
2007	3,088	347	811	119
2006	3,087	332	846	30
2005	3,294	332	846	63

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Asia, Australia/new zealand, Canada, Eastern europe, South america, Western europe

Total investment: $17.6K-281.96K Franchise fee: $5K-15K

Ongoing royalty fee: $102/mo. Term of agreement: 10 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	Yes	No
Startup Costs	No	No
Equipment	Yes	No
Inventory	Yes	No
Accounts Receivable	Yes	No
Payroll	No	No

Qualifications
Net worth requirement: to $30K
Cash liquidity requirement: $17.7K-49.2K
Business Experience:

• Sales experience

Operations

• Franchise can be run from home
• 3.4% of all franchisees own more than one unit
• Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training

• At franchisee's location: 3 weeks
• At branch & regional centers : 1 week each

Ongoing Support

• Newsletter
• Meetings
• Toll-free phone line
• Grand opening
• Internet
• Security/safety procedures
• Field operations/evaluations

Franchise 500® rank:
#37 (2009); #50 (2008); #61 (2007); #41 (2006); #25 (2005);

Ranked #1 in category in:
2009; 2006; 2005;

Top Home Based Franchises:
#5 (2009); #10 (2008); #14 (2007); #7 (2006); #5 (2005);

America's Top Global Franchises:
#32 (2009); #54 (2008); #47 (2007); #37 (2006); #15 (2005);