Cornwell Quality Tools Franchise FDD, Profits, & Costs (2025)
Cornwell Quality Tools, established in 1919 by Eugene Cornwell, now operates from Wadsworth, Ohio. The company, which has been franchising since 1997, has over 750 franchise locations across the United States. It specializes in durable, high-quality tools and equipment for the automotive and heavy-duty repair sectors.
As a family and employee-owned entity, Cornwell Quality Tools emphasizes a commitment to quality and customer service. This approach is reflected in its franchise model, which is notably free of the usual initial and annual fees. This makes it more accessible for new franchisees and eases their entry into the tool market.
The company also provides robust support to its franchisees, including comprehensive training and access to the Ironman Business Network, a sophisticated management software. Franchisees are given freedom over their geographic territories, allowing them to grow their customer base organically and enhance their business’s potential for expansion.
Initial Investment
How much does it cost to start a Cornwell Quality Tools franchise? It costs on average between $175,000 – $319,000 to start a Cornwell Quality Tools franchised location.
This includes costs for vehicle outfitting, tool inventory, marketing materials, and initial operating expenses. The exact amount varies based on factors such as territory size, local market conditions, and whether the franchisee opts to purchase or lease the vehicle.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $0 |
| Training Expenses | $0 – $5,000 |
| Real Estate | $0 |
| Initial Inventory | $60,000 – $65,000 |
| Vehicle | $75,000 – $185,000 |
| Insurance | $250 – $2,550 |
| Additional Funds – Three Months | $15,000 – $35,000 |
| Equipment/Clothing/Fixtures/Other Fixed Assets | $0 – $5,000 |
| Reserve | $20,000 |
| Computer System | $3,500 |
| Computer Software | $275 |
| Security & Utility Deposits/Business Licenses/Other Fees | $500 – $2,500 |
| Total (Convertees) | $79,525 – $323,825 |
| Total (New Dealerships) | $174,525 – $318,825 |
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Frequently Asked Questions
How many Cornwell Quality Tools locations are there?
Cornwell Quality Tools operates 793 franchise-owned mobile tool distribution units across the United States. The company does not maintain any company-owned retail locations, instead relying solely on this network of mobile dealers to reach customers. Cornwell’s headquarters is in Wadsworth, Ohio.
What is the total investment required to open a Cornwell Quality Tools franchise?
The total investment required to open a Cornwell Quality Tools franchise ranges from $175,000 to $319,000.
What are the ongoing fees for a Cornwell Quality Tools franchise?
Cornwell Quality Tools does not charge traditional ongoing fees, including royalty or marketing fees, allowing franchisees to retain more earnings and manage their business with fewer recurring costs.
Who owns Cornwell Quality Tools?
Cornwell Quality Tools is a privately held company that is both family and employee-owned. This ownership structure reflects the company’s commitment to its heritage and workforce, fostering a collaborative environment that emphasizes quality and service.
Disclaimer
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