We value our franchisees and provide you with details of upfront and ongoing business costs to help you determine what your initial investment and operationg costs may be. However, you will find the Snap-on Tools franchise has the following:
- Low initial franchise fee
- Low monthly fee
- No advertising fee
- No initial training fee
An added benefit of operating from your mobile store is that you typically avoid the real estate expenses of most fixed-site franchises. In addition, as an owner-operator you won't have any employee expenses until you choose to hire an employee to grow your business. There are many benefits to owning and operating your "showroom on wheels!"
Depending on how you pay for various parts of the business, including whether you buy or lease your mobile store, your start-up out-of-pocket expense can vary.
Out-of-pocket start-up expenses for a franchise when using Snap-on financing:
- You would usually need a minimum of £15,000
- Plus working capital*
*varies according to personal expenses
Every potential business owner should answer the question "How much money will I make?" before investing in a business. We believe our "Discovery" process gives you the information you will need to draw your own conclusion. Part of your Discovery of the Snap-on Tools franchise is to determine if it is a good fit for you. Your Discovery includes a franchisee "Ride Along" where you will witness a Snap-on Tools franchisee operating their Snap-on franchise business. As a potential Snap-on Tools franchisee candidate, you will quickly realise that this is a customer relationship business and your ability to develop successful business relationships and operate the Snap-on Tools programme are key components to your level of success. No two franchise owners personalities are the same, nor are their expenses. Therefore, we feel it is appropriate for you as a potential franchise owner to determine what your sales, expense and income may be.
Prior to the "Ride Along", you will be guided by a Snap-on Franchise Recruitment Manager on an interactive online tour of our franchise opportunity, part of which we will disclose our estimated initial investment and other fees to assist you in determining your potential.
Starting a small business isn’t easy, but Snap-on can help. For many of our franchisees, securing financing is an important part of the process. We are one of the few franchise companies that offers in-house financing. You may qualify to finance your business through our affiliate, Snap-on Finance, which has financing programmes that could meet your initial needs.
There are a variety of potential financing sources. A few are:
- Snap-on Finance
- Your bank
- Cash payment
Snap-on recommends that you speak with your financial or legal advisor to determine your financing options.