Snap-on Tools

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.

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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.

• World Class Brand: Recognized the world over by professional tool users.
• Industry Leader: Snap-on is universally recognized by professionals as the absolute highest quality tools in the industry ranked number one in every category in a recent Frost and Sullivan survey.
• Not Tied to Real Estate: The benefit of a mobile tool store is just that: it's mobile. No building codes to comply with and no fixed site expenses like percentage rent and leasehold improvements.
• History of Success: Snap-on has built a proven business model of success that has lasted decades longer than most of our competitors.
• Built-in Customer Base: Each franchisee receives a protected, surveyed list of calls of potential professional tool users.
• In-house Financing: Get help with your franchise purchase from a team of financing experts that understand the business you are buying.
• Proven Operating System: With almost 90 years of experience, Snap-on has developed a solid operating system for its franchisees to use.
• Franchises Available Worldwide: Snap-on has franchises available in the U.S. as well as several other countries including United Kingdom, Japan, Australia, Canada, Netherlands, Belgium, Germany, South Africa, Puerto Rico and Guam.
• Vet-Fran Member:Ask about our discount for qualified military veterans.

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:

• Customer Driven Selling
• Planning Your Day
• Selling and Collection Techniques
• Product Knowledge
• Snap-on Credit Financing for Customers
• Business Management
• Point of Sale System Training
• After the initial training, new franchisees will receive hands-on training in their mobile store. For the first three weeks you have your store, a Franchise Performance Team member will ride with you and provide advice along the way.
• The learning does not end after you complete your mobile store training. Even the most seasoned franchisees can become better by taking advantage of continued training. You will have the opportunity to attend different trainings, conferences and meetings throughout the years. As the business environment evolves, you will witness Snap-on innovate with new product solutions for the customer and yourself, as a Snap-on franchisee, will appreciate the opportunity to learn how to market these solutions to your customers. Your ability to provide your customers innovative solutions to a changing industry allows your business the opportunity to leverage change and continue to grow.

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:

• Custom software
• Sales support
• Established brand
• R&D engine
• Distribution system
• Our business model has worked for franchisees since the beginning, it is working for our current 4,600 franchisees around the globe and it could work for you.

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:

• Range from $38,126 – $54,288
• Includes $12,491 – $18,350 working capital
• The estimated total investment range is from $175,146 to $411,941.
• Snap-on Tools will provide you with a Franchise Disclosure Document (FDD) that includes more detail on start-up expenses.