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Cornwell Tools has been a leading name in the automotive tool industry since 1919. We offer a wide range of high-quality tools and equipment, making our brand the go-to choice for professionals in the automotive service industry. If you’re looking for a lucrative business opportunity, consider these franchise investment tips and join the hundreds of dealers in our network. Here are some potential expenses you should expect:

  • No Franchise Fee: Unlike many other franchises, Cornwell Tools does not charge a franchise fee. This is a unique advantage, as it significantly reduces the initial financial investment of starting a franchise business.
  • Truck or Van: Your truck or van is essentially your mobile store. It is a significant part of your investment, costing between $75,000 and $165,000. The cost varies depending on the size and type of the vehicle you choose. It’s crucial to remember that this vehicle is not just for transportation; it also serves as your showroom, storage space, and office.
  • Additional Funds: These supplemental funds, ranging from $10,000 to $35,000, are meant to supplement the shortfall to carry the personal, vehicle, and miscellaneous business expenditures of the dealership and its owners during start-up for ninety days.  This could include unexpected costs or initial operational expenses during the start-up phase,. such as marketing costs, additional inventory, or unforeseen repairs and maintenance.
  • Training Costs: Training is an essential aspect of running a successful franchise. Cornwell Tools provides our franchise owners with comprehensive training, costing up to $5,000, covering all business aspects, including product knowledge, sales techniques, and business management.
  • Total Initial Investment: When you consider all these costs, the total initial investment ranges from $164,525 to $293,825. This estimate provides a ballpark figure of what you can expect to invest upfront. However, actual costs can vary based on factors such as your location and your specific decisions when setting up your franchise.

We also offer financing for your initial inventory and tool purchases. However, this requires an approved application, and you must maintain at least $10,000 in your bank account after setting up your business and before your first day of training on the route.

We encourage you to explore our Franchise Disclosure Document (FDD) to thoroughly understand the financial elements involved. This document offers a detailed analysis of all expenses, providing a transparent view of the potential start-up costs for a franchise.

We Offer an Incentive Program to Honorable Veterans

At Cornwell, we offer a unique opportunity for veterans, offering an initial inventory purchase loan of $75,000 with zero interest. The Veteran Incentive Program is our way of expressing gratitude for our veteran’s service and fostering the American Dream. One key feature that sets us apart is the absence of an initial franchise fee.

Our tool truck franchise opportunity, specifically for veterans, includes exclusive savings on our financing package for the initial inventory. With this program, qualified veterans can save up to $37,000 in total interest over the six-year term of the loan, provided all program requirements are continuously met.

What a Typical Day As a Cornwell Dealer Will Look Like 

As a Cornwell dealer, you’ll work in a dynamic environment, prioritizing your customers’ requirements. While each day may bring unique challenges, there are several common responsibilities. Here’s a glimpse into a typical day for a Cornwell tool dealer.

Kickstarting Your Day

Your day as a Cornwell Tools franchise owner begins with ensuring your mobile store is ready for business. This involves stocking your truck with the necessary tools and products, ensuring every item has its place. Once you’ve arranged your inventory and reviewed your plan for the day, you’re set to start your journey.

Navigating Your Route

The main part of your day is spent running your route. This could involve visiting various locations, from small independent repair shops to more extensive fleet maintenance facilities. At each stop, you transition into a tool consultant role. You present technicians with various tools and equipment designed to make their work more efficient and accessible. This not only allows you to build relationships with your customers but also enables you to understand their needs better.

Closing the Day

The end of the day is all about wrapping up and setting the stage for the following day. After your last stop, you’ll spend some time tidying up your mobile store, ensuring everything is in its proper place. Then, you’ll review your sales and earnings for the day, evaluate your performance, and plan for improvements if needed. Lastly, with the help of our Ironman Business Network (IBN ) system, a modern software package to help you manage and support your business activities, you’ll place your daily order to restock your inventory, ensuring you’re ready to meet your customers’ demands the next day.

Overall, being a Cornwell dealer offers a dynamic and engaging work environment where no two days are the same. It’s a role that combines customer service, sales, and management, offering a fulfilling career for those passionate about not only selling tools that have been “The Choice of Professionals®” since 1919 but also helping others.

Ready to start your entrepreneurial journey? Contact Cornwell Tools today to learn more about our opportunity and the start-up costs for our franchise!

LAUNCH A TOOL FRANCHISE WITH CORNWELL QUALITY TOOLS

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