Snap-on is a global manufacturer and distributor of diagnostic tools, repair software and equipment for professional technicians.
Min. investment
£15,000.00
Total investment
N/A
Funding support
Coverage
Franchise Fees
Level of expertise
Founded in the US in 1920 and launched in the UK in 1965, Snap-on is an iconic 100-year old brand with over 6,000 mobile units around the world and 430+ in the UK. With high potential for profits and a quick start, are you ready to grab this opportunity with both hands?
Snap-on is a global manufacturer and distributor of diagnostic tools, repair software and equipment for professional technicians. Its franchisees own and run their own showroom on wheels.
The Snap-on franchise offering gives you access to an exclusive territory and a business model, which has been refined for over 55 years in the UK. What’s more is that you can start your business within a period of four months. The brand has franchisees in the UK and Ireland and delivers its range of 22,000 products to technicians throughout the country. As a franchisee, you will reap the benefits of being your own boss while having all the necessary back-up and support of the global network behind you.
You will be in charge of your franchise, setting your own schedule and managing your customer relationships. Some of the numerous advantages that come with this franchise opportunity include the fact that it’s owner operated. You pay no percentage based royalty fees, you can own multiple franchise businesses, finance programmes may be available for both you and your customers and you can take control of your financial future.
According to Snap-on, you don’t need a background in tools, franchising or sales. What you do need, however, is to have the desire, drive, ambition, people skills, passion for sales and self-discipline to run your own business according to the Snap-on business model.
The minimum investment level for a Snap-on franchise business is £15,000 plus working capital, depending on individual circumstances. You should keep in mind that there are no royalties or advertising fees to pay and you keep 100% of your profits. On average, Snap-on franchisees’ sales exceed £6,000 per week.
Owing to the franchisor’s in-house bank, Snap-on Finance runs a “help to buy” scheme and offers business loans to help you fund the purchase of your franchise. However, other potential financing sources include:
All new franchisees attend an initial training that lasts approximately 10 days. These sessions include topics such as customer-driven selling, product knowledge, financing for customers, business management, point of sale system training, diagnostic training and compliance.
After the initial training, you will receive hands-on training in your mobile store. A member of the brand’s Finance Performance Team will help you along during the first six weeks. You will also have the opportunity to attend numerous trainings, conferences and meetings over the years.
Also noteworthy is the fact that the brand has a global support staff ratio of 2:1 to every franchisee. You are matched with a dedicated Franchise Developer for your first 12-months in business and after that, a Sales Developer for life. But that’s not all. You also get access to custom software, sales support, an R&D engine and a distribution system. In addition to this, you will also have access to the National Franchise Advisory Council and head office support line.
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