Where Seeking Franchisees: Franchisor is seeking new franchise units in the U.S.,Africa, Asia, Australia/New Zealand, Canada, Eastern Europe, South America, Western Europe.

Total Investment: $143,683 – $307,700
Franchise Fee: $7,500 – $15,000
Ongoing Royalty Fee: $107/mo.
Term of Franchise Agreement: 10 years, renewable

FINANCIAL REQUIREMENTS

Net Worth: $30,000
Liquid Cash Available: $30,095 – $79,265

OPERATIONS

Franchise can be run from home. 8% of all franchisees own more than one unit. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).

FINANCING TYPE	IN-HOUSE	THIRD PARTY
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

Training: At franchisee’s location: 3 weeks. At branch & regional centers : 1 week each.

Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations

Franchise 500®: #26 (2013), #28 (2012), #24 (2011), #33 (2010), #37 (2009),

Fastest-Growing: #96 (2013), #87 (2012),

Top Home-Based: #4 (2013), #5 (2012), #7 (2011), #10 (2010), #5 (2009),

America’s Top Global: #29 (2013), #25 (2012), #22 (2011), #27 (2010), #32 (2009),

Snap-on, Inc.

Type	Public
Traded as	NYSE: SNA S&P 500 Component
Industry	Manufacturing
Founded	1920
Headquarters	Kenosha, Wisconsin
Key people	Nicholas T. Pinchuk, President & CEO
Products	Professional hand tools
Revenue	$2.9 billion
Website	www.snapon.com

Snap-on is a leading US designer, manufacturer and marketer of high-end tools and equipment to professional tool users. It was founded in 1920. Snap-on is located in Kenosha, Wisconsin, and employs approximately 11,500 people worldwide. The company is currently worth US$ 2.4 billion and is included in the S&P 500.

History[edit]

Joseph Johnson and William Seidemann formed the Snap-on Wrench Company in 1920. The Company’s first (and major) plant is located in Johnson City, Tennessee. The company manufactured and marketed ten sockets that would “snap on” to five interchangeable handles.

To sell the products, Johnson and Seidemann worked with Stanton Palmer, who took the tools directly to customers at their places of business and demonstrated their use. Palmer enlisted Newton Tarble to share the increasing workload.

Snap-on entered global markets in 1931. Also in the 1930s, Snap-on began offering credit to customers. In the 1950s, Snap-on expanded on the concept of bringing product to the customer by using fully stocked walk-in vans and, as a result, pioneered today’s familiar franchisee van channel.

Electronic diagnostic tools[edit]

Snap-on also produces hand-held electronic diagnostic tools for the on-board computer systems used in most modern cars and heavy-duty vehicles, as well as automotive emissions control diagnostics equipment (DGA/PGA-500/CSM-5000).

Snap-on diagnostic products are being sold in Europe and Brazil under the name Sun.^[1]

Bahco[edit]

In 1999 it acquired Bahco, a Swedish hand tool brand. Bahco hand tools are designed and manufactured by SNA Europe, the European manufacturing subsidiary of Snap-on Incorporated.

Racing sponsorships[edit]

Since the early 1980s, Snap-on has been sponsoring Penske Racing teams in the NASCAR Sprint and Nationwide Series as well as Indy Racing League (IRL).

Nearly 20 years ago, Snap-on began an association with two time NHRA world champion Cruz Pedregon. In 2004, Snap-on began an association with Cruz’s brother Tony Pedregon, a two time champion himself.