Snap-on Tools Franchise

Snap-on Tools, a Snap-on Inc franchise, has been franchising since 1991 - 71 years after the concept was founded in 1920 , currently with 4,600 total locations in the retail sector, headquartered in WI. According to the 2024 FDD, the total initial investment ranges from $172K to $452K - a 163% spread between the low and high end that reflects how site size, market, and buildout scope change the capital requirement. This figure includes the franchise fee of $18K, equipment, leasehold improvements, and initial working capital through the ramp-up period.

Ongoing royalty and advertising-fund rates for this brand are not captured in the summary dataset, review Items 6 and 7 of the FDD for the authoritative schedule. Critically, Snap-on Tools does disclose financial performance data in Item 19, a voluntary disclosure that only about a third of U.S. franchisors make. The reported average gross revenue per location is $1.9M. Revenue is not profit, actual franchisee take-home depends on rent, labor, cost of goods, and local demand.

Network momentum is currently positive: Snap-on Tools added units at a 1.1% net rate year-over-year (150 openings, 100 closures). Sustained positive growth is a signal that the unit-economics are working well enough to attract new operators, though late-stage growth can also reflect aggressive sales push rather than operational health. Before committing capital, triangulate this summary against the full FDD, a franchise attorney's review, and direct conversations with five or more current and former franchisees from Item 20.