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Congratulations on your Milestone!

It may be hard to believe, but you are about a year from the expiration of your Snap-on Tools Franchise Agreement. Thank you for your help in strengthening the Snap-on brand during the course of your Franchise Agreement term. Your Business Manager will be contacting you to discuss your potential six-year Renewal and to answer any questions about the Snap-on Tools Renewal process. In preparation for your upcoming call, please review the following materials that demonstrate Snap-on Tools’ continued investment in innovation over the past six years. Also, please find an overview of the Renewal process.

 

 

Snap-on Continues to Invest in Innovation

Over the last 6 years, Snap-on Tools' exceeded $215M in capital expenses and these investments continue to produce growth.

 

Snap-on Continues to Invest in Ongoing Franchise Training

Snap-on committed to your success. We currently offer a number of ongoing training options to help improve your business.  We hope is you have participated in many of the following and found them to be useful to your business.

  • Product Sales Meetings
  • Annual Kickoff Meeting
  • Franchise Development Training
  • Business Manager reviews
  • Sales Developer rides
  • Annual Snap-on Tools Franchise Conference

 

Snap-on Tools continues to invest in its interactive showroom fleet. Currently, our fleet consists of TechKnow and Rock 'n Roll which showcase products to select customers.

What's Required to Renew?

Your Renewal provisions are summarised in your initial FDD. However, since you may not have that easily accessible, here is recap of the renewal provisions found in our current FDD.

We designed the Snap-on Renewal process to be as streamlined and transparent as possible. Our Franchise Manager will answer any further questions on your call.

  • You are required to provide us with written notice of your intent to renew 9 to 15 months prior to your Franchise Agreement expiration date.
    • We have made this easy for you to do! Simply click on and complete the “Intent to Renew” webform embedded in the same email that brought you to our Renewal site.
  • Your business must meet current new franchise standards.
    • Minimum Inventory levels, which is the then current Start-up Stock Value".  Please refer to the Operations Manual here for the current value.
    • Mobile Store livery
    • Mobile Store requirements
  • Your business must be in compliance with all current agreements
    • Satisfy all monetary obligations

  • Comply with current qualifications and training requirements
  • If this is your 3rd or 5th term, a New Term Franchise Fee of $5,000 plus GST is applicable
  • Have not engaged in activities that would impair brand image
  • All Franchisees must be a Legal Entity
    • Consult your accountant or financial adviser for advice on setting up your legal entity
  • You will be required to sign then current forms of agreements, which may contain materially different terms and conditions from the contract you originally signed

 

Next Steps

First, complete your meeting with your Business Manager and have all of your Renewal questions answered. Then the Snap-on Business Manager will contact you to schedule a review your current Franchise business and share opportunities for growth. Here are some suggestions to maximise your Business Manager Business Contact:

  • Review the current state of your business
    • Do you have a current inventory?
    • Have you reviewed your current business metrics?
  • Be prepared to share your six-year plan
    • Do you plan on same store growth?
    • Do you aspire to expand?
    • Do you plan to retire prior to the next renewal term?
    • Are you hoping to transfer your franchise assets upon leaving your Snap-on Franchise business?

At your Business Contact, the Business Manager will schedule a survey of your route to occur 90 days from the expiration of your current agreement. Then a member of our Snap-on Team will meet with you 6 months prior to the expiration date of your Franchise Agreement to recap the renewal process and confirm your business meets new franchise standards. After your survey is completed and you have been offered a Renewal Franchise your Business Manager will schedule your signing date.

Are you ready to make the next six years your best six years!

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