If you’re curious about our tool truck franchise costs, you can get a sneak peek right here. But of course, the best way to review them for yourself is to request a copy of our Franchise Disclosure Document. There, you’ll get the complete breakdown of our franchise costs and what they cover. Here, we’ll outline a few important parts of the investment, and notably, what it doesn’t include – a franchise fee.
The Total Estimated Initial Investment
Cornwell’s tool truck franchise costs range from $114,525 to $272,825. This amount covers just about everything it takes to open a new franchise and is noticeably lower than other franchise investments. In addition, we’ve streamlined our costs so franchisees can rest assured they’re investing in the things they need and nothing they don’t. Costly commercial real estate, for instance, isn’t part of the investment. A few things that are, include:
A Company Vehicle: $40K-$140K
Your company vehicle is one of the most important things you’ll invest in. Your vehicle is really the heart of your business, serving as your mobile showroom and your mobile office. You’ll use it to make deliveries, show off new products, and connect with customers on their turf.
Additional Funds: $10K-$35K
Having some extra cash on hand is always a good idea when starting a new business, and we’ve factored that right into the initial investment. Having this cushion can be invaluable while your business is still finding its footing and you’re building up your customer base. Then, of course, you can count on our team to support you through that part of the process.
Training Expenses: Up to $4K
You might incur some expenses during your training program, e.g., travel, food, and lodging. That said, we’ll work with you to help keep these costs reasonable.
Why Don’t the Tool Truck Franchise Costs Include a Franchise Fee?
One of the reasons our initial investment is so low is that Cornwell doesn’t assess a franchise fee. It’s common for franchisors to charge a franchise fee to help offset the costs of training and support and grant access to the use of their brand name.
However, at Cornwell, we want to make things as easy as possible for our franchisees. We do incur significant costs in order to train and onboard new franchisees, but we’ve found that making that investment in them pays off in the long run.
Instead of a franchise fee, another essential part of our tool truck franchise costs is the $40K you’ll spend on your initial inventory. This advantage allows you to have a good selection of popular tools on hand quickly, so you can start making sales as soon as possible.
Ready to learn more about the investment in a Cornwell Tools franchise? Contact us and request a copy of our Franchise Disclosure Document.