Cornwell Quality Tools FDD – Franchise Information, Costs and Fees
Type of Business
The franchise offered is a mobile tool dealership for which Cornwell Quality Tools Company will grant a license to purchase, resell, and service the products that are manufactured, sold and/or distributed by Cornwell. The franchised dealership will be assigned a specific, but non-exclusive geographic territory, which is agreed upon with Cornwell by the Dealership and its owner or owners. The Dealership will purchase products from Cornwell and resell them to individual mechanics and businesses throughout the assigned geographic area. The individual Owner who is primarily responsible for the operation of the Dealership must devote his or her best, full-time efforts to the sale of Cornwell products in the Territory.
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.
The total investment necessary to begin operation of a Cornwell franchised dealership ranges from $54,525 to $298,825 for convertees and $164,525 to $293,825 for new dealers. This includes $55,000 for initial inventory that must be paid to the franchisor or an affiliate by a new dealership, or at least $40,000 by a convertee.