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 $165,000 – $294,000 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 | $55,000 – $60,000 |
Vehicle | $75,000 – $165,000 |
Insurance | $250 – $2,550 |
Additional Funds – Three Months | $10,000 – $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 Prepaid Expenses | $500 – $2,500 |
Total: | $69,525 to $298,825 * $164,525 to $293,825 ** |
** for new dealerships
Average Revenue (AUV)
How much revenue can you make with a Cornwell Quality Tools franchise? A Cornwell Quality Tools franchised business makes on average $586,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $1,258,000 yearly revenue for similar auto parts franchises. Here are some competitors Cornwell Quality Tools in comparison.
Cornwell Quality Tools Franchise Disclosure Document
Frequently Asked Questions
How many Cornwell Quality Tools locations are there?
Cornwell Quality Tools operates over 650 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 $165,000 to $294,000.
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.
What are the financial requirements to become a Cornwell Quality Tools franchisee?
To become a Cornwell Quality Tools franchisee, candidates are typically required to have a minimum net worth of $40,000 and at least $20,000 in liquid assets. These financial prerequisites are designed to ensure that prospective franchisees possess the necessary resources to establish and sustain their mobile tool distribution business effectively.
How much can a Cornwell Quality Tools franchise owner expect to earn?
The average gross sales for a Cornwell Quality Tools franchise are approximately $0.59 million per location. Assuming a 15% operating profit margin, $0.59 million yearly revenue can result in $89,000 EBITDA annually.
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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