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At Snap-on
Tools of Canada Ltd., we've always believed that the investment
in the business should not be a stumbling block to the opportunity.
People who truly have the desire and motivation can find a way to
make their Snap-on dream possible.
Your investment
in a Snap-on franchise consists of a one-time franchise fee, your
walk-in van, your inventory, your customer accounts, your computer
and monthly software and licensing fees. There may be other expenses
involved such as cell phones or pagers, but these are choices Franchisees
make based on their circumstances and needs.
Here's a
typical investment breakdown for starting a Snap-on business
in Canada.
|
 |
|
Out
of Pocket Expenses with
Snap-on Franchisee Finance Program Financing
|
Total
Initial Investment Range |
To
Whom Made |
| Initial
License Fee |
$0 |
$7,500 |
Snap-on |
| Monthly License Fee |
$78.00/month |
$78.00/month |
Snap-on |
| Initial
Inventory |
$0 |
$70,000 |
Snap-on |
| Van |
[$4,445 - $7,545] |
[$20,000 - $150,000] |
Authorized
Vendor |
| SOC Administration Fee |
$0 |
$250 |
|
| SOC Documentation Fee |
$0 |
$250 - $350 |
|
Acquisition
and Development
of Revolving Accounts |
$20,000 - $45,000 |
$20,000
- $45,000 |
Franchisee
Investment in Customer Receivables |
| Equipment,
Fixtures, Other Expenses |
$7,000 - $12,500 |
$7,000
- $12,500 |
Snap-on
or Authorized Vendors |
| Chequing
Accounts/Minimum Working Capital |
$7,500 |
$7,500 |
Bank Reserves |
| Travel and Living Expenses While Training |
$1,000 - $2,000 |
$1,000 - $2,000 |
|
|
Estimated
Minimum Down Payment
with
Franchisee Finance Program
Financing
|
$15,000 |
Not
Applicable |
Snap-on Credit |
| Estimated
Totals |
|
$133,578 - $310,178 |
Snap-on |
Notes:
1. This [chart] represents a summary of initial investment requirements
detailed in the Franchisee Initial Investment section of the Snap-on
Tools of Canada Ltd. Franchise Disclosure Document, which should
be reviewed by you for further investment details and other franchise
information.
2. The first
column above shows the estimated out of pocket expenses of a typical
Franchisee who participates in the Snap-on Franchisee Finance Program. The
second column shows the estimated ranges of the total initial investment,
a portion of which may be financed through the Franchisee Finance Program
or other third party sources.
As you can
see, a Snap-on Tools of Canada Ltd. franchise requires a relatively
modest investment, especially when compared with "brick and mortar"
locations.
OK, I'm Interested! Let
me fill out the form.
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