SNAP-ON TOOLS Franchise Disclosure Document (FDD)
January 1, 2012
SNAP-ON TOOLS Franchise Disclosure Document (FDD) provides prospective franchise owners with information (required by the FTC) to help them make an informed investment decision regarding the Snap-On Tools franchise opportunity.
The full 2011 Snap On Tools Franchise disclosure document (FDD) registered with the state of Minnesota is available, free of charge, below.
According to the Snap-on website:
You may know that Snap-on as the #1 professional tool brand in the world. What you may not know is that Snap-on is also a great business opportunity.
A Snap-on franchise is a mobile tool store you own, selling the #1 tool brand in the world directly to professionals on your protected list of calls. It’s a proven business model we’ve honed for more than 90 years and we are always looking for people as good as our tools.
Here are just a few of the benefits of owning a Snap-on Franchise:
- More than 4,200 franchises worldwide
- Most in-demand product in the category
- Financing available through Snap-on Credit
- Protected list of calls
- No real estate investment
- Exceptional training and support
- Proven franchise model
According to the Snap-on Tools FDD:
Snap-on Tools Company LLC (“Snap-on”) offers a license to operate a franchised retail mobile
store selling high quality repair and diagnostic tools and equipment. Snap-on manufactures
and/or distributes these tools and equipment to professional mechanics and other tool users in
the automotive aftermarket and related businesses throughout the United States.
The total investment necessary to begin operation of a Snap-on Standard Franchise will range
from $150,614 to $289,080 (See Item 7). This includes $82,350 to $148,770 that must be paid to
Snap-on or an affiliate (See Item 5).
The total investment necessary to begin operation of a Snap-on Gateway Franchise will range
from $17,925 to $83,941 (See Item 7). This includes $5,480 to $58,000 that must be paid to
Snap-on or its affiliates (See Item 5).
To read or save the Snap-on FDD, Click here:
Snap-on Tools Franchise Disclosure Document (FDD)
ARE YOU FAMILIAR WITH THE SNAP-ON TOOLS FRANCHISE? WHAT DO YOU THINK? SHARE A COMMENT BELOW.
To contact the author or site admin, email UnhappyFranchisee[at]gmail.com.
[...] 2011 Snap-on Tools FDD (SNAP-ON TOOLS Franchise Disclosure Document (FDD)) lists nearly 40 lawsuits by franchisees in the last ten years, including a class action lawsuit [...]
In a perfect world the above comments are true. Snap-on is the best professional tool company in the world. the opportunity is just that, an opportunity. Use caution though, there are many downsides and Snap-on is an expert at protecting themsleves and if you fail you will owe Snap-on big bucks. If you succeed Snap-on with tie up your personal credit for 10 years such that you won’t even be able to buy a T.V. at Best buy. In the end when you sell your business you will have to give it away so a new, fresh dealer can take over with little risk to Snap-on. go to http://www.snapontoolsdealerassociation.com and help dealers have an impact on affecting change at Snap-on Tools.
[...] SNAP-ON TOOLS Franchise Disclosure Document (FDD) January 1, 2012 [...]
[...] Tools’ own disclosure document confirms Lager’s contention. The Snap-on Tools Franchise Disclosure Document (FDD) states “The total investment necessary to begin operation of a Snap-on Standard Franchise [...]