Start-Up Costs and Fees |
||
| Matco Tools | Cornwell Tools | |
| Investment | 78082 - 274327 | 59525 - 272825 |
| Franchise Fee | 0 | |
| Royalty Fee | 0 | |
| Advertising Fee | ||
| Year Founded | 1979 | 1919 |
| Year Franchised | 1993 | 1997 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Matco Tools | Cornwell Tools | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| Matco Tools | Cornwell Tools | |
| Franchise Fees | Yes | |
| Start-up Costs | Yes | Yes |
| Equipment | No | |
| Inventory | Yes | Yes |
| Receivables | Yes | Yes |
| Payroll | No | |
Training & Support |
||
| Matco Tools | Cornwell Tools | |
| Training | On-The-Job Training: 80 hours Classroom Training: 40 hours | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | National media, Regional advertising | 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 |
| 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 |
||
| Matco Tools | Cornwell 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 | |
| Matco Tools | |
| Cornwell Tools | |
| Franchise Fee | |
| Matco Tools | |
| Cornwell Tools | |
| Royalty Fee | |
| Matco Tools | 0 |
| Cornwell Tools | |
| Advertising Fee | |
| Matco Tools | |
| Cornwell Tools | |
| Year Founded | |
| Matco Tools | 1979 |
| Cornwell Tools | 1919 |
| Year Franchised | |
| Matco Tools | 1993 |
| Cornwell Tools | 1997 |
| Term Of Agreement | |
| Matco Tools | 10 years |
| Cornwell Tools | |
| Renewal Fee | |
| Matco Tools | |
| Cornwell Tools | |
Business Experience Requirements |
|
| Experience | |
| Matco Tools | Industry experience General business experience Marketing skills |
| Cornwell Tools | |
Financing Options |
|
| Franchise Fees | |
| Matco Tools | Yes |
| Cornwell Tools | Yes |
| Start-up Costs | |
| Matco Tools | |
| Cornwell Tools | |
| Equipment | |
| Matco Tools} | |
| Cornwell Tools | |
| Inventory | |
| Matco Tools | |
| Cornwell Tools | |
| Receivables | |
| Matco Tools | |
| Cornwell Tools | |
| Payroll | |
| Matco Tools | |
| Cornwell Tools | |
Training & Support |
|
| Training | |
| Matco Tools | |
| Cornwell Tools | On-The-Job Training: 80 hours Classroom Training: 40 hours |
| Support | |
| Matco Tools | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Cornwell Tools | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Matco Tools | National media, Regional advertising |
| 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 |
| Operations | |
| 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) |
| Cornwell Tools | |
Expansion Plans |
|
| US Expansion | |
| 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 |
| 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 |
| Canada Expansion | |
| Matco Tools | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| Cornwell Tools | |
| International Expansion | |
| Matco Tools | |
| Cornwell Tools | |