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Still Doin Time
Join Date: Nov 2004
Location: Nokesville, Va.
Posts: 8,225
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I can tell you from experience that Snap-on tool Franchise is a poor investment, domino effect from the auto repair industry capsizing. Techs that have No/low work load, no money, therefor no one buys tools, even if they need to,. Plus the current young generation of 'techs' are more interested in shiny tool boxes, smart phones, electronic devices (that have nothing to do with the business) than buying hand tools which have the highest mark up.
Also the GROSS margin is @38% and the dealer/franchisee holds the paper on most tool purchases $1K and under. So 38% AND waiting 12-15 weeks to collect, you are also responsible for collections where larger $$$ are financed by corporate. THESE accounts must be at least 90% current or your cost to finance future purchases goes up.
Snap-on corporate has had several class-action lawsuits by their dealers. MAC tools are the hands down worst because they have been bought and sold multiple times over a 15 yr period. That brand has become so diluted and overpriced no one buys their tools anymore.
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'15 Dodge - 'Dango R/T Hauls groceries and Kinda Hauls *ss
'07 Jeep SRT-8 - Hauls groceries and Hauls *ss Sold
'85 Guards Red Targa - Almost finished after 17 years
'95 Road King w/117ci - No time to ride, see above
'77 Sportster Pro-Street Drag Bike w/93ci - Sold
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