Please wait while we gather your results.

Managing Owner

At the point a principal owner owns two or more franchises, they may desire to be a more active participant in the daily planning and operation of each of their franchise businesses. Many multiple Franchise owners have found that having Franchise Store Managers and Franchisee Assistants in each of their franchises allows the owner to be present in the operation of each franchise, develop employees more directly, and focus on the overall building of their business.

 

Managing Owner Designation

If you are considering becoming a Managing Owner, this site is designed to give you the information you need. Being a “Managing Owner” is voluntary, considered at your request, and means that you, as the principal owner of two or more Snap-on franchise businesses, will cease day-to-day on-the-van operations. Managing Owners generally take this step to allow themselves more time daily to directly participate in each franchise businesses.

The Snap-on Regional Franchise Manager will guide you through the site and be a resource to answer any question about becoming a Managing Owner.

 

What Does Being a Managing Owner Mean?

  • You are the principal owner of two or more Snap-on franchise businesses.
  • You have your Franchise Store Managers operating your franchise businesses and you no longer operate any of the franchises on-van day-to-day.
  • You will devote your business attention to participate in each of your franchises on a regular basis.
  • You feel it will be beneficial to your business to receive an additional D# and BP#, to help you manage all of your franchise businesses.

 

Franchisee Employees

Franchisees may hire employees at anytime to assist in their business. We highly recommend that all Franchisees with more than one Snap-on franchise business and considering a Managing Owner designation, have an employee assisting them with sales in each of their franchise businesses. This allows the principal owner to can be off the van to develop their Franchise Store Managers and other employees. Snap-on Tools highly recommends you consult with your legal and financial advisors prior to hiring employees.

Do you have questions about how to hire employees to assist with your business and how to stay compliant with payroll for all your employees? Many third party companies can answer your questions. For you convenience, we have listed two companies that are familiar with Snap-on Tools and have established relationships with some of our Snap-on Tools Franchise business owners on the franchise portal.

 

Third Party HR Service

There are many third party HR solutions, for instance PrimePay®. Take administrative burdens off your shoulders using a third party resource for finding, hiring, and managing your franchise employees.

 

Franchisee Store Manager Training

If you receive a Managing Owner designation, you will need to have a Franchise Store Manager operating each of your mobile stores. To that end, Snap-on offers specific training for the Franchisee Store Manager you hire. This training program is outlined below:

  • 10 Days of Extensive Classroom Training
  • Customer Driven Selling
  • Selling and Collection Techniques
  • Product Knowledge
  • Snap-on Credit Financing for Customers
  • Business Management
  • Point of Sale System Training (Chrome)
  • Franchise Store Manager Training costs $ 3,800

If you choose, you may also pay an additional $1,600 for a minimum of 3 weeks training for your Franchise Store Manager in the field.

 

Snap-on Multi Franchise Business Owner Self Assesment

Are each of my current Snap-on Franchises Maximizing Growth Potential?

  • Have I consistently grown each of my Snap-on Tools Franchise business by developing and fully utilizing my Franchisee employees?
  • Have I leveraged kickoff, SFC and FPT meetings to grow each of my Snap-on Tools Franchise business?
  • Have I taken full advantage of the current Snap-on interactive events such as, Rock n' Roll, TechKnow and other Snap-on branded events in each of my franchises?
  • Have I been able to maximize Snap-on Tools "Partners in Profitability" promotions and other seasonal marketing plans within each of my current Snap-on Tools Franchise business?
  • Have I successfully developed my Franchisee Assistant for additional responsibilities in my Snap-on Tools Franchise business?

Is Now the Right Time to become a Managing Franchise Owner?

  • What are your short and long term goals?
  • Are you ready to make the investment in time and resources?
  • Who will be your Franchise Store Manager of each of your franchise businesses?
  • Who will be your Franchisee Assistants?

 

Managing Owner Designation - Have a Plan!

If you have completed your self-assessment and determined you would like to be considered for a Managing Owner designation, the next step is to complete a business plan to be submitted to your Snap-on Regional Franchise Manager. This Business Plan contains a sample plan which you may find useful.

 

An Overview of the Managing Franchise Owner

  • As a Managing Franchise Owner you will have a BP# and D#. However, the BP/D# will not have an associated List of Calls or credit limit
  • CE+ allows for flexible customer management & fluid visits between your franchises
  • As a Managing Franchise Owner you do not have an additional Chrome client. You manage your inventory, transfers and statements through the Business Management Platform (BMP) and web reports. Training links are provided
  • In the event you revert to a single franchise your Managing Franchise Owner designation would be eliminated

 

What's Next?

You will meet with your Snap-on Tools Regional Franchise Manager to make sure all of your questions are answered and submit your business plan. Your Snap-on Regional Management team will review your plan and discuss your approval. If approved, you will receive a letter from the Regional Manager with the Managing Owner term. A draft of the letter may be viewed here.

 

top