Start-Up Costs and Fees |
||
| Cornwell Tools | Matco Tools | |
| Investment | 59525 - 272825 | 78082 - 274327 |
| Franchise Fee | 0 | |
| Royalty Fee | 0 | |
| Advertising Fee | ||
| Year Founded | 1919 | 1979 |
| Year Franchised | 1997 | 1993 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Cornwell Tools | Matco Tools | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| Cornwell Tools | Matco Tools | |
| Franchise Fees | Yes | |
| Start-up Costs | Yes | Yes |
| Equipment | No | |
| Inventory | Yes | Yes |
| Receivables | Yes | Yes |
| Payroll | No | |
Training & Support |
||
| Cornwell Tools | Matco Tools | |
| Training | On-The-Job Training: 80 hours Classroom Training: 40 hours | |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | A number of sales and marketing advantages go along with being part of the Cornwell Team. These have been proven to assist the Cornwell Tool Dealer in the quest for success. As a Franchised Tool Dealer you benefit from: * Free catalogs! * Monthly promotional flyers to hand out to customers with special discounts and featured items * National brand advertising in major automotive aftermarket magazines and racing programs * Special programs for aggressive discounts, proprietary tools, or specific customer promotions * A full support staff of Customer Service Representatives * A National Cornwell Rally with vendors, training, fun and recognition with Top Performers awarded on both Regional and National levels Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Email marketing Loyalty program/app | National media, Regional advertising |
| Operations | Franchise can be run from home. 1%% of all franchisees own more than one unit Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Cornwell Tools | Matco Tools | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Cornwell Tools | |
| Matco Tools | |
| Franchise Fee | |
| Cornwell Tools | |
| Matco Tools | |
| Royalty Fee | |
| Cornwell Tools | |
| Matco Tools | 0 |
| Advertising Fee | |
| Cornwell Tools | |
| Matco Tools | |
| Year Founded | |
| Cornwell Tools | 1919 |
| Matco Tools | 1979 |
| Year Franchised | |
| Cornwell Tools | 1997 |
| Matco Tools | 1993 |
| Term Of Agreement | |
| Cornwell Tools | |
| Matco Tools | 10 years |
| Renewal Fee | |
| Cornwell Tools | |
| Matco Tools | |
Business Experience Requirements |
|
| Experience | |
| Cornwell Tools | |
| Matco Tools | Industry experience General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Cornwell Tools | |
| Matco Tools | |
| Start-up Costs | |
| Cornwell Tools | |
| Matco Tools | |
| Equipment | |
| Cornwell Tools} | |
| Matco Tools | |
| Inventory | |
| Cornwell Tools | |
| Matco Tools | |
| Receivables | |
| Cornwell Tools | |
| Matco Tools | |
| Payroll | |
| Cornwell Tools | |
| Matco Tools | |
Training & Support |
|
| Training | |
| Cornwell Tools | On-The-Job Training: 80 hours Classroom Training: 40 hours |
| Matco Tools | |
| Support | |
| Cornwell Tools | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Matco Tools | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | |
| Cornwell Tools | A number of sales and marketing advantages go along with being part of the Cornwell Team. These have been proven to assist the Cornwell Tool Dealer in the quest for success. As a Franchised Tool Dealer you benefit from: * Free catalogs! * Monthly promotional flyers to hand out to customers with special discounts and featured items * National brand advertising in major automotive aftermarket magazines and racing programs * Special programs for aggressive discounts, proprietary tools, or specific customer promotions * A full support staff of Customer Service Representatives * A National Cornwell Rally with vendors, training, fun and recognition with Top Performers awarded on both Regional and National levels Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Email marketing Loyalty program/app |
| Matco Tools | National media, Regional advertising |
| Operations | |
| Cornwell Tools | |
| Matco Tools | Franchise can be run from home. 1%% of all franchisees own more than one unit Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Cornwell Tools | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Matco Tools | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Cornwell Tools | |
| Matco Tools | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion | |
| Cornwell Tools | |
| Matco Tools | |