You will find that a Snap-on franchise has a relatively low initial license fee, a low monthly fee, no advertising fee and no initial training fee. And, since you have a mobile store, you don't have all the expenses most fixed-site franchises have, and you won't even have employee expenses unless you choose to expand your operation. This lower overhead makes it easier for you to invest in your business and build your equity and net worth. In addition, Snap-on’s financing affiliate Snap-on Credit Canada offers a variety of financing programs to finance the majority of the investment with down payments as a low as $25,000 for qualified applicants.
Out-of-pocket start up expenses for a standard franchise:
- Range from $50,083 to $86,273 when using Snap-on franchise financing
- Includes $11,043 to $16,413 working capital
Estimated total initial investment range:
- Overall low-end: $208,243
- Overall high-end: $323,933
A complete listing of start-up expenses can be found in item 4 of the franchisor disclosure document (FDD).