is owning a Snap On tools franchise a good career?

This post has 3 comments

• 

  Brian the mobile repair man
  April 25th, 2009

  they seam to do ok however i am frustrated witk my dealer i have a worn out ratchet they wont exchange if you want to be a good dealer take care of your coustemers
  i had a good ratchet it broke the dealer didnt have a repair kit for it so he swaped it with an exchange one he had that was the worst thing he ever did that exchainge ratchet breaks almost every month the shaft wabbles so it dosent grab the teath rite and i havent found any dealer willing to swap out the whole thing so i just keep getting it fixed every time the tool guy comes around been doing it for 15 years you think they have lost enoulf on that ratchet yet

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• 

  r g
  April 25th, 2009

  It can be very lucrative depending on your expectations.
  Check out the gross sales number on the route you are looking at and then review the expenses and franchise fees. Review what is required to expand the territory as sales are key to ensuring good cash flow. A business such as this relies heavily on a positive cash flow. Some other things to check into are as follows.
  1) what advertising does Snap On provide as part of the franchise fees?
  2) What other commodities or services are they planning on providing?
  3) Who is the competition within your territory and evaluate their service renderings and products?
  4) What has been the level of satisfaction within the current customer base?
  5) If it is poor is it salvageable?
  6) What future investments do you need to ensure long term viability?
  7) Is there funding available to expand and improve?
  Is there training and ongoing support through Snap On.

  A good buisiness plan is key here, when done correctly it will give you the answer you are looking for.

  Some company info for you!
  Snap-on understands the mechanics of the automotive repair business. It is a leading manufacturer and distributor of high-quality hand tools, as well as auto diagnostic equipment and "under-car" shop implements, such as hydraulic lifts and tire changers. Customers include mechanics, car manufacturers, and government and industrial organizations. Snap-on's products include air-conditioning service equipment, collision repair equipment, management software, roll cabinets, screwdrivers, tool chests, wheel balancers, and wrenches. In early 2005 the firm began publishing Tech, a quarterly lifestyle magazine that's free and hand-delivered by dealers to 1 million technicians.

  Company Type Public (NYSE: SNA)
  Fiscal Year-End December
  2005 Sales (mil.) $2,362.2
  1-Year Sales Growth (1.9%)
  2005 Net Income (mil.) $92.9
  1-Year Net Income Growth 13.7%
  2005 Employees 11,400
  1-Year Employee Growth (0.9%)

  Stock price of Snap ON is on a rebound they were running at low of $38 / share in August and are now at $48.00 in October.
  Something has happened to rally their stock. There cash flow has also increased substantially year over year from 2002 thru 2005.
  If your area is strong this is a good investment!
  If you need any info let me know.

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  DENISE
  April 25th, 2009

  yes oh hell yes
  snap on tool is a high paying job and i know lots of people (like my husband and me ) that only buys snap on tools.
  they are the best made tools around
  so go for it and see for your self how much money you make from sealing them.
  good luck

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