It is important to know that reading and understanding the FDD is very important but easily overlooked lots of information. Thank you for sharing the message and very surprising to see a company like Snap- On are that much deceiving
@FranchiseCityOnline4 ай бұрын
Thanks Hassan!
@whyisblue923taken4 ай бұрын
I had no idea this was a thing. Snap-On rebuying a franchise so people won't see the failures is very sketchy. Snap-On recycling the same failed business multiple times is disgusting. I feel like that should be legally classified as fraud. Damn, Snap-On makes Subway look like a good franchise.
@FranchiseCityOnline4 ай бұрын
"Churning" as they call it unfortunately happens often in franchising. Most franchise agreements force arbitration so franchisees are at a disadvantage. Thx for watching 🙂
@TuneTuber4 ай бұрын
Are you high? lol subway is way worse
@bluejedi7234 ай бұрын
our local value village/goodwill/thrift store is so over run with snap on tools they are refusing to take them. What does that tell you?
@lsxkozart99724 ай бұрын
no way lol where at so i can buy it all 😂
@fester19572 ай бұрын
Location?
@brandonharris32634 ай бұрын
When I ran collision centers years ago before I retired, I would find these guys inside my shop taking away my techs time…. They knew if they asked they would need an appointment with us. I had to run them off a lot. They look to prey on the “new mechanics or techs”
@FranchiseCityOnline4 ай бұрын
Interesting! Thanks for the comment 🙂
@richardkluesek43014 ай бұрын
Were you an owner/ corporate officer or hired hand foreman in a chain store operation? As much as mobile tool vendors are a nuisance taking your tech's time they are extending to them unsecured handshake credit free of interest, to invest some of their own wages acquiring tools they need to be your productive useful employees. It would be nice for them to be able to work all their calls during lunch and break times on payday but as Franchise City points out they work 60+ hours /week or more just as you did. You 'running them off' was rude and coarse, there are enough real problems running these businesses that can put them out, mostly your men defaulting on paying to agreed terms on installments or skipping out and "ghosting," strangling the cash flow. No matter what Snap-on (or competitor counterparts) gets paid. Other congenial places to conduct more profitable business without unnecessary stress could be found to replace your insignificant collision centers. Was your employee turnover high ?
@thequake1807 күн бұрын
Great information as always. Thank you!
@FranchiseCityOnline7 күн бұрын
Thanks for watching!
@duckpwnd3 ай бұрын
For probably 90-95% of tools Harbor Freight brands will be more than adequate, and for the remaining 5-10% you can still get better brands that are still much cheaper than Snap-on. Yeah, you may not look as cool using inexpensive tools, but your 401k balance will look much, much better 20-30 years from now since that money will have been working for you instead of putting your Snap-on dealer's kids through school.
@FranchiseCityOnline3 ай бұрын
Good points - thx for the comment 🙂
@davealmer38032 ай бұрын
Snap On has GR8 quality but too much comp in the tools market Mac/Klein and so on to make any real $$$.
@joshmiller86632 ай бұрын
My snap on guy filed bankruptcy over a year ago and never got a new one.
@johncande14 ай бұрын
Which one of the 4 tool truck brands is the best franchise?
@FranchiseCityOnline4 ай бұрын
None of them are without challenges. The "best" franchise is unique for everyone based on their individual market and operational preferences. We did Matco recently: kzbin.info/www/bejne/on_VZmeQd9iEp7M Thx for the question.
@fester19572 ай бұрын
How about Cornwall tools? I heard they were the easiest to get into and didn't charge franchise fees. You just pay for your truck and tools and that's it
@FranchiseCityOnline2 ай бұрын
$164,525 to $293,825 initial investment including 55K inventory. They had almost 100 dealers leave the system last year - I would want to know why and I would speak with many of them. Lots of lawsuits in their disclosure document - make sure you read them. Having no royalties is not necessarily a better deal for the owners, the company just has a different revenue model how they make their money. At the end of the day net profit is what matters. If you are actively looking for a franchise feel free to give us a call: www.franchise.city/our-services Thanks for watching.
@MrTmenzo4 ай бұрын
Ancient way of purchasing tools when mechanics can buy them online