Cornwell Quality Tools FDD Summary
Type of Business
The franchise offered is a mobile tool dealership for which Cornwell Quality Tools Company will license an individual to purchase, resell, and service the products which are manufactured, sold and/or distributed by Cornwell. The dealer will be assigned a specific, but non-exclusive geographic territory, which is agreed upon by the dealer and Cornwell. The dealer will purchase products from Cornwell and resell them to individual mechanics and businesses throughout the assigned geographic area.
Corporate Information
Cornwell Quality Tools Company is an Ohio corporation that was incorporated in 1919. Their principal place of business is 667 Seville Road, Wadsworth, Ohio 44281.
Investment
The total investment necessary to begin operation of a Cornwell franchised dealership ranges from $52,525 to $223,825 for convertees and $107,525 to $223,825 for new dealers. This includes $35,000 for initial inventory that must be paid to the franchisor or an affiliate by a new dealer, or $20,000 by a convertee.