Posted:10-January-2020
Snap-on tops the polls as number one franchise in the UK!
Snap-on Tools has been named the number one franchise opportunity in the UK. The nationwide franchisor has topped the polls in the annual Elite Franchise Top 100, fighting off competition from hundreds of other industry leaders to secure first place. This is the fourth national accolade of 2019 for the Snap-on Franchise – something the brand is proud to celebrate as a network.
The Elite Franchise Top 100 recognises franchisors for the mentoring and ongoing support of their franchisees, their position in the marketplace and future plans and strategy for the business. Judges rank the brands according to a broad range of criteria, with all components of the franchise package facing detailed scrutiny. In 2019, Snap-on invested significant resources into the continued improvement of their franchise package, development of the brand and introduced new products to market. This ongoing strategy paid dividends, as the brand jumped three places to take gold.
“We’re absolutely thrilled to have been honoured with the top spot in this year’s top 100,” explained Lisa Law, National Franchise Manager of Snap-on. “In 2018, we were ranked fourth and best overall automotive franchise opportunity but to have been recognised as the best overall franchise in the UK is absolutely incredible. This is something we’re very proud to celebrate as a network, particularly because the success of our brand is largely due to the dedication of our more than 400 franchisees.
“This year has been one of great achievements and we’re so pleased to end it on a high. One of our own, Craig Bishop, was named ‘Young Franchisee of the Year’ in the British Franchise Association (bfa) HSBC Franchise Awards. We were also awarded two Queen’s Awards for Enterprise, for innovation and trade. Our network continues to strengthen and this accolade is a fantastic way to end another incredible year. Here’s to more of the same in 2020!”
This is the third consecutive year that Snap-on has finished in the top five of the franchises polled in the UK. Franchisors are judged on their franchisee support packages, charitable endeavours, contribution to the franchising industry, overall longevity and financial performance. Through their continued dedication to their franchisees around the country and commitment to innovation, Snap- on earned their year in the spotlight.
In a bid to open their award-winning franchise opportunity to a wider audience, the tool manufacturer and distributor launched a reduced entry package to their Franchise. Prospects can now invest in their own van-based franchise for less than £12k.
“We’d like to think that one of the contributing factors to our success is the innovative ways in which we encourage new talent into the network. Our tools are known as the best in the business, so we’ve often found talented prospects wanting to buy a Franchise but have not yet been able to raise all the required funds to invest. We’re all about inspiring the next generation of franchisees at Snap-on, so we launched our reduced entry package to help these entrepreneurs get out on the road,” added Lisa Law.
The brand is about to embark on their 100th year in business, having launched in Milwaukee, Wisconsin, in 1920. And with Elite Franchise recognising them as the best franchisor that the nation has to offer, the future certainly looks bright for the world-renowned Snap-on franchise.
Interested and want to know more about Snap-on Tools?
The Snap-on Tools profile outlines all aspects of their franchise opportunity and allows you to contact them for further information or to ask a question.
