Snap-on Salary FAQs The average salary for a Franchise Owner is $72,285 per year in United States, which is 35% lower than the average Snap-on salary of $111,987 per year for this job.
How much does it cost to buy a snap-on franchise?
The franchise expects its new franchisees to have a net worth of at least $50,000. $17,900 is the minimum that someone opening a location should expect to invest. The high end of the total investment required to open a franchise is $278,500. $5,000 is the franchise fee new franchisees pay the franchisor.
How much is a snap-on truck worth?
You must purchase an initial inventory, which Snap-on Tools pre-selects for you, with a suggested retail price approximately between $161,000 to $175,000 and a cost to you approximately between $109,000 to $119,000.
How does being a snap-on dealer work?
Snap-on grants franchisees a license to operate a franchised mobile store. As a franchisee, you own your own business, selling high quality repair and diagnostic tools and equipment to a protected list of calls.
Tool Truck Driver SalaryAnnual SalaryWeekly PayTop Earners$75,500$1,45175th Percentile$65,000$1,250Average$55,228$1,06225th Percentile$40,500$778
Does Stanley own snap on?
Stanley also owns MAC Tools and manufactures MAC tools in the same plants. There are three MAJOR players in the USA mechanics tool business: Stanley, Danaher, and Snap-On. Stanley and Danaher (almost identical in sales revenue at about $28 billion each) are the biggest followed by Snap-On.
Does snap on make Kobalt?
Okay, heres more than you ever wanted to know. Lowes now (as of earlier this year) is selling a line of Mechanics Tools called Kobalt which is made by Snap-On. Home Depots Husky brand is made by Stanley Mechanics Tools, a division of the Stanley Works.
Matco tools are very high quality. IMO their tool boxes are a higher quality than Snap On also.
Did Snap-On suing Harbor Freight?
According to BizTimes, back in 2016, Snap-On sued Harbor Freight for selling the Daytona FJ3000 alleging that Harbor Freight copied a patented design of their FJ300. Snap-On sought an injunction from a California Court to stop the sales of the alleged copied design.