HSBC commend Snap-on for exceptional performance
Already named as the UK’s number one automotive franchise and sixth best opportunity overall for 2021, Snap-on Tools now adds another award to its already impressive collection. The ‘HSBC Elite Franchise Exceptional Performance Award 2021’ was presented at a virtual ceremony in March.
All 100 franchise brands that made the now prominent ‘EF100’ list were eligible for the award. But demonstrating over a century of success, dedication to its franchise network and continued commitment to innovation, Snap-on stood out to the judges.
“We’re incredibly proud to have Snap-on Tools as the first ever recipient of the Exceptional Performance Award,” said Andrew Brattesani, Head of UK Franchising at HSBC. “We chose Snap-on as a business that has been exceptional for so long and one that is still demonstrating strong innovation and support for its franchisees to enable them to be successful operators. And this really has come to the fore in the current crisis. Massive congratulations to the whole team.”
The EF100, established in 2017 in association with HSBC, is the franchising list to watch. It recognises the sector’s brightest businesses and ranks them according to a broad range of criteria; from their financial performance and heritage, to their contribution to the community and the way they embrace innovation.
The franchise industry contributes over £17billion to the UK economy and more than 700,000 people are employed in franchising across the country. Despite a difficult economic climate, the last 12 months has seen franchise brands like Snap-on Tools survive and thrive thanks to their robust infrastructures and proven business models.
“This award truly demonstrates that Snap-on Tools has performed exceptionally and has shone out amongst any other brand in HSBC's eyes,” said Scott English, Brand Director of Elite Franchise.
Snap-on UK Franchise Manager, Lisa Law, took delivery of the prestigious award at the brand’s UK head office in Kettering. “In the last few months, we’ve been named Franchisor of the Year by the British Franchise Association and number one automotive and van-based franchise in the EF100. This latest award really does show that the effort and passion we channel into supporting our franchisees is industry-leading and makes a difference. The award isn’t down to any one person, it’s an absolute team effort and we couldn’t be prouder.”
In the first quarter of 2021 alone, Snap-on welcomed seven new franchisees into its already 400-strong UK network. In response to the global pandemic, the brand moved its US training to a dedicated, covid-secure location in the UK and new franchisees are currently averaging healthy sales each week. Thanks to ongoing marketing and support initiatives, sales to customers for the UK franchise network as a whole are up for Q1.
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