Snap-On Tools Franchise - A Home Based Franchise

Snap-on Tools began way back in 1920 when Joseph Johnson was looking for different sized wrenches. He and his friend, William Seidemann, developed a series of socket wrenches that could "snap on" to interchangeable handles, thereby creating multiple tools in one. Company representatives sold this new hardware product door to door by taking Snap-on wrenches to customers in their homes and at their places of business and performing demonstrations. In 1991, Snap-on Tools began franchising and today they boast a product line of over 19,000 products which includes power tools, hand tools, diagnostic tools, and storage/workshop equipment.

Snap-on franchisees operate by having a mobile storefront. That is, they drive trucks loaded with tools ready to be demonstrated and sold directly to their customers. Snap-on is a business to consumer franchise as well as business to business, with many end users being mechanics, car dealerships, airports, and other maintenance workplaces. In 2009, there were a reported 3078 US based franchise units and nearly 350 more in Canada and over 850 on foreign soil. They are currently seeking additional franchisees worldwide.

Since a Snap-on Tools business is run out of a truck, it lends itself well to being a home based franchise. It does not require employees and absentee ownership is not allowed. The franchise fee varies by location from $5,000 to $15,000 and there is an ongoing royalty fee of $102 per month. The total startup investment ranges greatly due to the cost of the mobile vehicle used and the cost of the inventory. The estimate is from $17,619 to as much as $281,959. The parent company does provide assistance in the form financing. Experience in the specific industry is not required although previous sales experience is invaluable. Snap-on requires a minimum net worth of $30,000 for the new franchisee.

There is an extensive training program of 3 weeks provided at the franchisee's location and additional training available at regional locations. There is also ongoing support in the form of newsletters, phone, and internet support. Franchisees also benefit from brand and name recognition, which is always helpful when marketing. This home based franchise has been ranked highly by numerous respected publications for a number of years.

Greg Preite is a successful business owner and online marketing consultant and mentor. He is passionate about helping other achieve their dreams and goals. Read additional franchise reviews including many lower cost, home based franchise options.