Transitioning from military service to civilian life can be challenging but can also open doors to new and exciting possibilities. If you’re a veteran looking for a meaningful post-service career, Cornwell Tools may be the perfect fit. Let’s explore the range of benefits our veteran franchise opportunities offer and help you decide if this could be the next step toward becoming your own boss.
No Franchising Experience Necessary
Having an interest in tools or knowledge of mechanics can be helpful when you’re planning on joining our brand, but it is not a requirement for our dealers to have any prior experience or knowledge in the industry. We believe that individuals from various backgrounds can successfully operate one of our franchises.
Our comprehensive training program, which includes a ride-along with your District Manager, will equip you with the necessary skills and knowledge to sell our products effectively. Additionally, you’ll receive ongoing support and regular communication from our team to ensure your business operates efficiently.
No Franchise Fee
Most franchises typically require a franchise fee, but at Cornwell, we strive to simplify the process for our mobile dealers. While significant costs are generally associated with training and onboarding new owners, you’ll instead be able to invest directly into your franchise from the get-go.
As part of our tool truck franchise costs, instead of a franchise fee, you’ll pay for your initial inventory, which amounts to $40,000. This will give you a diverse and well-stocked selection of readily available specialty tools. With a robust inventory list, you can quickly cater to customer needs and start generating sales from the beginning of your business journey.
Our Veteran Franchise Program
At Cornwell, we have a Veteran Incentive Program designed to express our gratitude for your service and support your dreams of owning a business. As part of this program, we offer a standard $75,000 Initial Inventory Purchase loan with 0% interest. This exclusive incentive is our commitment to assisting you in achieving the American Dream. Additionally, we offer a unique tool truck franchise opportunity that includes exclusive savings on our financing package for the initial inventory.
By participating in our Veteran Incentive Program and taking advantage of the $75,000 no-interest loan, qualified applicants can save approximately $30,000 in total interest over the six-year term of the loan, provided all program requirements are met. This significant benefit is particularly advantageous if you require financing to cover part of the initial investment. We are committed to supporting veterans in their entrepreneurial journey and are proud to offer this unique program as a token of appreciation for your dedication and service to our country.
Additional Costs to Consider
- Company Vehicle: Investing in a company vehicle is crucial for your tool franchise, with costs ranging from $40,000 to $140,000. Your truck will serve as the heart of your business, functioning as both a mobile showroom and an office. It will facilitate deliveries, showcase new products, and allow you to connect with customers on their turf.
- Additional Funds: Allocating an additional $10,000 to $35,000 is advisable so you have extra cash on hand when starting your business. Having this financial cushion proves invaluable during the initial stages of establishing your customer base and while your business is gaining traction.
- Training Expenses: During your training program, which may include travel, food, and lodging, you may incur expenses of up to $4,000. However, we strive to work with you to keep these costs reasonable and ensure your training experience is fruitful and efficient.
Opening a franchise with Cornwell is an excellent way to venture into entrepreneurship. As a tool franchise, we cater to clients in various fields, including auto and heavy-duty truck repair. Our primary focus is to provide these professionals with the specialized tools they need to excel in their jobs. By investing with us, you will be part of a thriving industry and have the chance to support and serve professionals needing quality tools and equipment.