You’ve been researching franchising opportunities within the tools and the automotive industry. You’ve probably seen the brand Snap-on Tools come up a couple of times – but are they really the best option out there? We’ve done some digging so you don’t have to. Comparing costs, training, and profitability, see how the Snap-on Tools franchise stacks up to other businesses in the industry. To start, we’ve compiled a comparison chart to give you an idea of where Snap-on stands against CCI.
|Franchise Fee||$8,000 – $16,000||$49,500|
|Initial Investment||$175,146 – $411,941||$86,980 – $102,410|
|Net Worth Requirement||$38,126 – $54,288||$50,000|
|Number of Locations||4,771||150+|
Snap-on Tools Franchise
Snap-on Tools has a long history of developing, manufacturing, and marketing tools and equipment solutions for professionals. The company got its start in 1920 when two engineers, Joseph Johnson and William Seidemann, started selling the tools they crafted in their garage on the weekends to mechanics. The company published its first product catalog in 1923 and started making customized tool kits for every new car model. Today Snap-on Tools has more than 65,000 items in its product line. The company operates and franchises approximately 4,771 franchisees and operations in more than 130 countries.
According to Entrepreneur, a Snap-on Tools franchise costs between $175,146 and $411,941. Snap-on Tools has a low, fixed royalty fee and a mobile store. The company focuses solely on business-to-business sales. While having a business with a long history and strong franchise system can be advantageous, territories may be limited. Focusing solely on B2B services allows franchise owners to build strong relationships with the businesses in their area, but it limits the playing field and can be detrimental if business slows.
CCI started providing leather and vinyl repair in 1980. The family-owned business ramped up expansion in 1991 by franchising and now has more than 150 vans providing restoration services across the country, including a franchise in Hawaii. The company was founded by Jim and JoAnn Foster, a husband-and-wife team, in the Chicago area. Today CCI is run by second generation family members and continues to make personal service a priority.
Here are some of the franchisee benefits of partnering with CCI to pursue entrepreneurship.
- B2B and B2C services. Our service technicians are trained to fix rips, tears, scuffs, burns, and fading in leather and vinyl products. We provide services to businesses in the automobile, aviation, marine, and recreational vehicle industry. In addition, CCI technicians make repairs at commercial businesses and residences. By offering both B2B and B2C services, we offer options to help weather the fluctuating economy. Focusing on restoration eliminates the need to wait for replacement parts and can save customers up to 90% in replacement costs.
- National vendors. To help our franchise owners launch their businesses successfully, we have national and regional vendor accounts from major players in the restaurant and furniture arena. Relying on a built-in customer base is an asset as you open your new venture.
- Funding resources. Investing in a CCI franchise costs between $86,980 and $102,410 and requires a royalty fee of 7.5%. Making CCI a more affordable opportunity in comparison to the Snap-on franchise cost. The company partners with Enterprise Fleet Leasing and Advantage Leasing to provide cost-effective fleet management for our franchise owners. CCI franchisees use a mobile van to travel to customers to make repairs and facilitate administrative operations from a home office. We also have a partnership with Guidant Financial™ to facilitate small business financing.
Download CCI’s Franchise Kit
To learn more about the perks of investing in a small, family-owned business rather than a large, Snap-on Tools franchise, download CCI’s Franchise Kit, or fill out the form to request franchise information.