Cornwell Quality Tools
Automotive tools and equipment
- 2023 Franchise 500 Rank
-
#71 Ranked #72 last year
- Initial investment
-
$60K - $278K
- Units as of 2022
-
789 13.0% over 3 years
Company Overview
About Cornwell Quality Tools
- Industry
- Retail
- Related Categories
- Tools Distribution, Miscellaneous Automotive Products & Services, Automotive
- Founded
- 1919
- Leadership
- Bob Studenic, President, CEO, and Director
- Corporate Address
-
667 Seville Rd.
Wadsworth, OH 44281
Business Overview
- Franchising Since
- 1997 (2023-1997 years)
- # of employees at HQ
- 443
- Where seeking
-
This company is offering new franchisees in the following US states: Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
- # of Units
- 789 (as of 2022)
Information for Franchisees
Here's what you need to know if you're interested in opening a Cornwell Quality Tools franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $0
- Initial Investment
- $59,525 - $277,825
- Cash Requirement
- $10,000 - $35,000
- Veteran Incentives
- Interest-free financing on initial inventory purchase
- Term of Agreement
- Unlimited
- Is franchise term renewable?
- No
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- In-House Financing
- Cornwell Quality Tools offers in-house financing to cover the following: startup costs, equipment, inventory, accounts receivable
- Third Party Financing
- Cornwell Quality Tools has relationships with third-party sources which offer financing to cover the following: equipment
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 91.5 hours
- Classroom Training
- 16 hours
- Ongoing Support
-
NewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary Software
- Marketing Support
-
Ad TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- Yes
- Can this franchise be run part time?
- No
- Are exclusive territories available?
- No
Interested in ownership opportunities like Cornwell Quality Tools? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Cornwell Quality Tools landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Cornwell Quality Tools ranked on other franchise lists? Find out below.
Ranked #71 in 2023
Entrepreneur’s 44th annual Franchise 500® ranking shines a light on the unique challenges and changes that have shaped the franchise industry over the last year—and how franchisors have adapted and evolved to meet them.
Ranked #106 in 2023
Meet the companies that are leveraging their ability to scale fast across the U.S. and Canada in Entrepreneur's annual fastest-growing franchises ranking.
Ranked #13 in 2023
Check out the top franchises that offer you the freedom of working from home or on-the-go.
Ranked #8 in 2023
Buying a franchise on a budget? No problem. Here are the top franchises that can be started for less than $150,000. For more low-cost opportunities, see our lists of franchises that can be started for less than $50,000 and less than $100,000.
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