Auto Service World
News   February 22, 2012   by CARS Magazine

Forbes Ranks Snap-on Number One in “Best Franchises to Start for the Buck” Listing

The Snap-on Tools Franchise opportunity heads the list in the Forbes February 27, 2012 edition’s article on the ten best franchises to start, entitled “Proven Path.” Forbes determined the ranking after evaluating data from 110...


The Snap-on Tools Franchise opportunity heads the list in the Forbes February 27, 2012 edition’s article on the ten best franchises to start, entitled “Proven Path.” Forbes determined the ranking after evaluating data from 110 of the most established names in franchising.

“Snap-on is honored to be designated the top franchise opportunity by Forbes,” said Nick Pinchuk, Snap-on Incorporated chairman and chief executive officer. “Snap-on is consistently recognized as the most preferred tool brand among vehicle service professionals. We believe our strong brand equity, unmatched customer connection, award winning innovation, available in-house financing, focused training and general support make the Snap-on business model a quality opportunity for potential franchisees. Forbes’ recognition reinforces that belief and underscores our conviction that the success of each of our franchisees is a win for Snap-on.”

The methodology for the ranking was based on average initial investment, total locations, closure rate over the last three years, growth in the number of U.S. outlets in the last three years and the number of training hours as a percentage of startup cost.


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