How many franchises does snap-on have?
4,000 franchisees
Snap-on Incorporated has more than 19,000 products, operates in more than 130 countries and employs approximately 11,600 people worldwide. Snap-on also has a franchise network of more than 4,000 franchisees.
How much is a snap-on franchise?
Facts & Figures
| Liquid capital required | $25,000 |
|---|---|
| Net worth required | $50,000 |
| Investment | $17,900 – $278,500 |
| Franchise fee | $5,000 |
| Units in operation | 4,682 |
Who owns majority of snap-on?
Top 10 Owners of Snap-On Inc
| Stockholder | Stake | Shares owned |
|---|---|---|
| The Vanguard Group, Inc. | 11.20% | 6,046,244 |
| BlackRock Fund Advisors | 5.27% | 2,845,008 |
| SSgA Funds Management, Inc. | 4.56% | 2,460,215 |
| Managed Account Advisors LLC | 2.33% | 1,259,192 |
Are Snap-On Tools a franchise?
Franchise Description: The franchisor, Snap-on Tools Company LLC, offers a license to operate a franchised mobile store selling high quality repair and diagnostic tools and equipment. The franchisor’s parent corporation is Snap-on Incorporated.
How do I find my local Snap-on dealer?
Your local Snap-on dealer may be listed in the phone book. Look in the yellow pages under “tools”, or in the business white pages under “Snap-on.”
Is Blue Point Snap-on?
Blue Point is a lower-end tool brand of Snap-On. They are made with the Snap-On specifications but different finish. Though Snap-On owns Blue Point, manufactures are contracted to make Blue Point tools. They are the second in quality from Snap-On.
How much money do Snap-On guys make?
Snap On Franchise Salary
| Annual Salary | Weekly Pay | |
|---|---|---|
| Top Earners | $85,000 | $1,634 |
| 75th Percentile | $62,000 | $1,192 |
| Average | $51,540 | $991 |
| 25th Percentile | $25,000 | $480 |
How do I report a snap to dealer?
Any person who has a good faith accounting concern may report it to the Company in any one of the following ways: Via the toll-free Snap-on Ethics Helpline at 866-GO-TOOLS or 866-468-6657.
How much do Snap-on dealers earn?
While ZipRecruiter is seeing annual salaries as high as $107,000 and as low as $19,000, the majority of Snap On Franchise salaries currently range between $25,000 (25th percentile) to $62,000 (75th percentile) with top earners (90th percentile) making $85,000 annually across the United States.
How long does it take to become a snap on franchise?
While becoming a Snap-on franchise owner is a big decision, it doesn’t need to be a complicated process. Your journey may be easier and faster than you think. Snap-on Tools franchisees can get the keys to their new mobile store in as quickly as 30 days.
How much does a snap on tool franchise cost?
Snap-on Tools franchises typically are not housed in storefront operations, as franchise owners take their products directly to their customers. Some franchises are operated out of owners’ homes. Franchise owners report a broad range of total investment, ranging from roughly $18,000 to almost $290,000.
Where does snap on tool dealers rank in the world?
Entrepreneur Magazine placed Snap-on at No. 24 on its Franchise 500 ranking for 2011 of the best U.S.-based companies with which to start a franchise. The company ranked No. 7 on the magazine’s list of top home-based franchises, and No. 22 on its list of top global franchises.
What happens if you become a snap on dealer?
Just remember one thing. You as a Snap-on dealer are never an independent business person. You are Snap-on’s runner and they control you. They put you in business and can take you out at any time. So anyone reading this thinking of becoming a Snap-on dealer.