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The Six Benefits of Owning an Automotive Tool Franchise with Cornwell Tools

If you’ve ever considered entering the automotive tools and equipment industry, owning an automotive tool franchise can be an excellent way to do so. Cornwell Tools, a well-established brand with nearly a century of experience, offers a compelling opportunity for aspiring entrepreneurs. Explore the six benefits of owning a franchise with Cornwell Tools.

1. We Offer a Diverse Product Range

Being a Cornwell Tools franchise owner means having access to a wide range of automotive tools, equipment, and accessories. The diversity of products ensures you can cater to the needs of various customers. From hand tools to power tools, diagnostic equipment, and more, you’ll have a comprehensive inventory to meet the demands of your target market.

2. We’re a Low-Cost Tool Franchise Investment

If you’re considering venturing into the exciting world of mobile businesses, an affordable alternative to traditional brick-and-mortar stores, our tool truck franchise could be just the ticket. This option could be your gateway to entrepreneurship without the high costs associated with a physical location.

To give you an idea of what the investment might look like, here are some potential expenses – note that this does NOT include a franchise fee since Cornwell does not charge one:

  •  Vehicle: Between $75K and $165K
  • Additional funds: Ranging from $10K to $35K
  • Training costs: Up to $5K
  • Initial inventory: $55K
  • Total initial investment: Ranges from 164,525 to $293,825But don’t just take our word for it! For a deeper dive into the financial aspects, we recommend reviewing our Franchise Disclosure Document (FDD). It provides a comprehensive breakdown of all costs, giving you a clear picture of what to expect.

What’s more, we offer financing options for the initial inventory and tool purchases. This is subject to an approved application and requires maintaining a minimum bank balance of $10,000 before starting to operate your business.

3. We Provide Ongoing Support and Training

At Cornwell Tools, we provide new mobile tool dealers with comprehensive training and ongoing support. Our company offers in-person and online training to ensure you understand all aspects of running the franchise, from sales techniques to product knowledge. This support extends to marketing strategies, helping you effectively promote your franchise in your local market.

4. We’re a Veteran-Friendly Automotive Tool Franchise

As a proud manufacturer of tools in the US, Cornwell Tools offers more than just high-quality products. We’re deeply committed to keeping the “American Dream” alive, especially for our veterans. It’s with this spirit that we’re thrilled to offer a lucrative franchise opportunity, particularly for veterans.

Through our Veteran Incentive Program, qualified veterans who choose to operate a mobile tool truck with our brand can make their initial $75,000 inventory purchase interest-free. This unique opportunity allows them to secure everything they need to cater to local customers without the immediate worry of paying off interest. Considering that the six-year term loan’s interest typically costs around $30,000, this program presents significant savings for veterans – allowing them to reinvest these savings into other aspects of their new mobile tools business. 

Additionally, veterans can leverage the skills honed during their military service. Here are just a few qualities that may have developed during their service that can contribute to their success as a mobile tools dealer:

  • Leadership
  • Communication
  • Organization
  • Determination
  • Goal-setting

5. We Offer Geographic Territories

As a dealer with Cornwell Tools, you gain rights to a specific geographic area. This means you have the liberty to sell our products to individual mechanics and shops anywhere within this designated region. Unlike some competitors, we don’t limit you to a pre-set list of stops. You’re free to explore and maximize the potential of your territory.

6. We Provide Access to the Ironman Business Network (IBN)

By investing with Cornwell Tools, you become part of a supportive business family and gain access to our state-of-the-art software package – the Ironman Business Network (IBN). This innovative tool is designed to streamline your day-to-day operations and boost efficiency.

The IBN is a comprehensive software covering critical business functions. It simplifies inventory management by tracking stock levels and product movement, helping avoid overstocking and stockouts. It also excels in sales tracking, enabling you to follow sales trends, identify popular items, and understand customer buying patterns for better decision-making. 

Lastly, the IBN enhances customer interaction through its Customer Relationship Management (CRM) feature, which helps maintain customer profiles, track purchase history, and provide personalized service. It also streamlines communication with customers.

Owning a franchise with Cornwell Tools offers a compelling investment opportunity. It unites the autonomy of managing your own business with the backing and resources of a well-established brand. These advantages provide you with a solid foundation to start and grow your automotive tool business while capitalizing on the trust and reputation of the Cornwell Tools brand. 

If you’re ready to learn more about the benefits of owning a franchise with Cornwell Tools, reach out to our team today!

LAUNCH A TOOL FRANCHISE WITH CORNWELL QUALITY TOOLS

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