Snap-on Ranked 29th Among Global Franchises by Franchise Direct
KENOSHA, Wis., Sept. 8 /PRNewswire/ -- The Snap-on Franchise has been ranked 29th among global franchises and the top "tool franchise" by Franchise Direct, an international franchising organization that operates national portals in seven major economies in North America and Europe.
In its first ever ranking, Franchise Direct says of its process: This definitive and exclusive list details the franchises which are performing best on an international level. These findings were reached using a host of factors including financial performance and corporate citizenship.
"Snap-on is honored to be recognized among the top franchise systems in the world. It's a tribute to the more than 4,500 Snap-on franchisees worldwide and their contributions to the strength of the system," says Tom Ward, president, Snap-on Tools Group. "Snap-on has been acknowledged as a top franchise around the world. We believe our franchise system, available credit, training and support make it a quality opportunity for potential franchisees globally, and this acknowledgement from Franchise Direct affirms our efforts."
The study ranks the top 100 global franchise companies from thousands of franchises around the world and is based on objective and measurable criteria including: system size based on numbers of units, sales revenue for the system, stability and growth of the system, number of years in operation and market expansion. The ranking is also based on the implementation of best practices in the areas of franchisee support and training, environmental policy and social responsibility. Franchise Direct also gave consideration to the availability of financing to franchisees.
About Snap-on Tools
Snap-on Tools is a subsidiary of Snap-on Incorporated, a leading global innovator, manufacturer and marketer of tools, diagnostics and equipment solutions for professional users. Product lines include hand and power tools, tool storage, diagnostics software, information and management systems, shop equipment and other solutions which are used by technicians and professionals at vehicle dealerships and repair centers and in the marine, powersports and aviation industries. Snap-on Tools is one of the largest non-food franchise companies in the world, selling its products through more than 4,500 franchisees worldwide and through company-direct sales and over the Internet. Snap-on Incorporated, which was founded in 1920, is a $2.9 billion, S&P 500 company located in Kenosha, Wis. with operations throughout the world. For additional information visit www.snapon.com.
SOURCE Snap-on Tools