When evaluating your available options for starting a new franchise in the mobile tools industry, the franchise start-up cost will likely be a significant factor in your final decision. Across just about every industry, entrepreneurs must consider a variety of aspects that will determine how much they invest to get their business off the ground. Common areas included in a franchise opportunity’s start-up costs include real estate, property investments, inventory, equipment, training, and of course, the franchise fee. When it comes to the mobile tools industry, Cornwell Quality Tools offers a franchise start-up cost that is typically far more favorable to investors compared to many of our competitors.
While other franchisors claim they have everything an entrepreneur will need to run a high-performing mobile tools franchise, few can deliver on that promise like Cornwell. Having spent over 100 years in the industry, we’ve witnessed plenty of developments and changes, often leading the charge in our efforts to innovate and stay one step ahead. This has directly benefited our dealers, who can leverage this to earn strong reputations with customers – which in turn helps our future franchisees. It all begins with how we structure our start-up costs for Cornwell dealers and how it gives them a valuable boost they would struggle to create on their own or find with another mobile tools franchisor.
Go Beyond the Industry Standard
In the mobile tools industry, potential franchisees can sometimes find themselves unable to pursue a business opportunity because the start-up costs to launch a franchise are unfavorable. Some franchisors have a lengthy set of guidelines attached to what their franchisees will need to get started. They also rarely leave much room to negotiate on this list, leaving investors saddled with significant start-up costs from the very beginning.
While they might promise you can overcome this, what these franchisors don’t tell you is that it can take quite a bit of time – if it’s even possible at all. Certain companies lack the brand awareness or reputation necessary to win over customers in a new market where plenty of competition exists. If other members of the brand’s franchise network fail to make a great impression, it will not be easy for a new dealer like yourself to earn the business of customers in your area quickly.
Franchisor support is also critical to your chances of success. If your franchisor is unwilling or unable to provide the necessary help that plenty of dealers commonly request, it can seem almost impossible to achieve the desired level of growth – which often creates further issues in the partnership. Just because you are running your own business does not mean that you should be left completely on your own. Industry-leading brands will design their franchising business model to ensure your investment is put directly to use to avoid these problems and take your mobile tools business beyond the industry standard.
Why Our Investment Works Best
At Cornwell Quality Tools, one of the key missions of our franchise opportunity is to give entrepreneurs like you the best chance to build a profitable business that you will feel proud to call your own for years to come. Many of our dealers bring a wide range of prior experiences, including plenty not specific to mobile tools. We leverage their initial investment to help prepare them for what they will experience in daily life as a Cornwell dealer and to set them on as solid footing as possible from the start.
The franchise start-up cost for a Cornwell dealer covers several business-critical areas, starting with our training program. This training can educate you on the mobile tools industry whether you need a full introduction or just a refresher. It also shows you what has allowed Cornwell to stand out in our industry so you can do the same. By completing this training, you’ll gain a better understanding of what it will take to win over customers and truly stand out in their minds as they consider which mobile tools dealer to do business with.
On top of that, your investment will cover the costs of your initial inventory, which includes our top-selling tools, widely recognized as being among the highest quality in the industry. Produced from our main factories in Ohio, our tools, because of the craftsmanship behind each one, are one of the major factors that have made Cornwell so appreciated by our loyal customers – which often provides tangible results for dealers like you. We also use the initial investment to cover the cost of your tool truck, which will serve as your mobile store as you visit and sell to customers.
Cornwell is unique among mobile tools dealer franchisors in that we don’t require a franchise fee from the entrepreneurs who partner with us. This allows you to allocate your start-up costs to areas that can directly impact the success of your new business. We’re proud to surpass the expectations of what a mobile tools franchise start-up cost should cover and give our dealers the best chance to operate a business that can rise to the top of the industry!
Contact the Cornwell team today to learn more about our franchise investment costs!