KENOSHA, Wis.--(BUSINESS WIRE)--Feb. 16, 2012--
The Snap-on Tools Franchise opportunity heads the list in the ForbesFebruary
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.
Snap-on has witnessed continuous improvement in its franchising
operations during the past several years and remains committed to making
investments to strengthen its network; including offering discounts for
veterans and former military personnel. More information on the Snap-on
franchise opportunity can be found at Snaponfranchise.com,
including a virtual mobile store tour.
About Snap-on
Snap-on Incorporated is a leading global innovator, manufacturer and
marketer of tools, equipment, diagnostics, repair information and
systems solutions for professional users performing critical tasks.
Products and services include hand and power tools, tool storage,
diagnostics software, information and management systems, shop equipment
and other solutions for vehicle dealerships and repair centers, as well
as for customers in industries, including aviation, aerospace,
agriculture, construction, government and military, mining, natural
resources and power generation. Products and services are sold through
the company’s franchisee, company-direct, distributor and internet
channels. Founded in 1920, Snap-on is a $2.9 billion, S&P 500 company
headquartered in Kenosha, Wisconsin.
For additional information on Snap-on, visit www.snapon.com.
Source: Snap-on Incorporated
Snap-on Incorporated
Media contact:
Richard Secor
262/656-5561
or
Investor
contact:
Leslie Kratcoski
262/656-6121