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Snap-On Tools

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 the 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. More about the cost of owning a Snap-On Tools franchise is below.

Facts & figures

Liquid capital required

$37,583

Net worth required

$37,583 - $55,545

Investment

$169,223 - $382,235

Franchise fee

$8,000 - $16,000

Offers Financing

Yes

Units in operation

4,769

Founded

1920

Franchising Since

1991

₱37,583 is required in available capital if you want to become a Snap-On Tools franchisee. The franchise expects its new Snap-On Tools franchisees to have a net worth of at least ₱37,583. ₱169,223 is the minimum that someone opening a location should expect to invest. The high end of the total investment required to open a Snap-On Tools franchise is ₱382,235. ₱8,000 is the franchise fee new Snap-On Tools franchisees pay the franchisor. The company was originally founded in 1920. Franchising as a means of location growth started in 1991. In total, there are 4769 units of this franchise open today.

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