- 2024 Franchise 500 Rank
-
#66 Ranked #71 last year
- Initial investment
-
$70K - $299K
- Units as of 2024
-
802 6.1% 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 |
| Social | Facebook, Twitter, LinkedIn, Instagram, YouTube |
Business Overview
| Franchising Since | 1997 (27 years) |
|---|---|
| # of employees at HQ | 426 |
| Where seeking |
This company is offering new franchises 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 | 802 (as of 2024) |
|
|
|
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
|
$69,525 - $298,825 |
|
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 | 80 hours |
|---|---|
| Classroom Training | 40 hours |
| Ongoing Support |
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty 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 |
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.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Cornwell Quality Tools.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
An Iconic McDonald's Treat Is About to Get a Makeover — Here's What to Expect
The company is changing the packaging of one popular treat to meet consumer demands around sustainability.
Taco Bell's New Mountain Dew Baja Blast Gelato Is Causing a Frenzy — But Fans Have One Big Complaint
The company released the dessert to mark the 20th anniversary of the iconic Mountain Dew Baja Blast, which has garnered a cult-like following since its debut in 2004.
Applebee's Is Winning Over NFL Fans With Exclusive Game-Day Deals — Here's What You Need to Know
Through a multi-year partnership with the NFL, Applebee's is positioning itself as the ultimate destination for game day — and the ultimate game day food.
Agile Project Management — 4 Key Strategies for Navigating Complexity and Driving Results
There is no way around it, efficiency is crucial for project success. Agile principles allow teams to easily navigate complexity, breaking down projects into manageable tasks.
Jersey Mike's Has Opened Over 1,000 New Stores in the Past 5 Years And Is Planning 300 International Outposts – Find Out Where
The brand, which has been steadily growing its footprint across the U.S., plans to open 300 new locations in another country over the next several years.
5 Ways Kamala Harris Can Support the Franchise Community, According to Two Industry Leaders
The CEO of the International Franchise Association and the world's largest franchise operator outline five things the vice president can do to support the franchise industry.