Home' The Franchise Review : September 2015 Contents Jeremy English is a Snap-on Tools franchisee
who doesn't waste time when he sees a good
opportunity. He's friendly, outgoing and quick
to laugh. Jeremy never thought he would ever
be a business owner and he never seriously
considered he might be really good at it.
However, today he's both.
Jeremy was the company store manager for
the North Wollongong Snap-on Tools franchise
territory for just over two years. In Jeremy's own
words, the job was "the best I'd ever had".
He was enjoying the role, driving the breadth
of the North Wollongong coastline and building
up great relationships with his network of
customers. Like many people he was glad of
his regular employment and he enjoyed the
"It seemed perfect, really," he explained.
"Aspects of running the company store made
my life really easy. I've always prided myself
on doing my best in every job I've had and the
company store manager role was no different. I
could have kept doing it for the rest of my days."
But then something shifted. Jeremy started
considering his options more seriously,
wondering what might be possible if he became
a franchisee of the very same territory he was
currently managed. Suddenly simply taking a
salary appeared to be a stepping off point to
achieve a whole lot more.
"I sat down with my wife and we discussed it,"
said Jeremy. "We already knew that I liked the
job and that I could be successful at it, because I
was already doing it. My wife was keen that our
security be maintained, as she runs her own
business as well. I had to weigh up a whole lot of
things -- I was moving from being the employee
of a big company to becoming self-employed as
a franchisee of the same organisation."
When Jeremy raised the question of possibly
becoming a franchisee for the very same
territory where he was currently a manager, the
support networks of Snap-on clicked into gear to
help him out.
"The team at Snap-on had been able to watch
my fgures over the last two years and they gave
me serious business advice," he said. "They
talked to me about utilising the Snap-on Finance
"Due to a recent house move I wasn't in a position
to release the equity in my house, as others
might have done to help them get started. The
circumstances for me to be approved by another
lender weren't really in my favour, but Snap-on
could see that I could perform and had been
performing, so that made the fnancial aspects
After several meetings, Jeremy's Sales
Development Manager and Business Manager,
together with the Franchise Development
Manager, pulled together a package and a
proposal from Snap-on Finance.
Snap-on's Finance Program is a series of steps
dependent upon a franchisee's needs.
• Step one is a Business Loan that helps a
new franchisee cover their franchise fee
and initial inventory to be carried in their
mobile store, with no repayments for the
frst three months.
• Step two provides franchisees with
fnancing for their new mobile store,
specifcally meant for franchisees starting
in a Snap-on franchise. These are fully
optioned, custom-built vehicles.
• Step three is assistance with GST. Snap-on
help new franchisees get over the hump of
the GST, funding short-term loans.
• Step four provides franchisees with a line
of credit to fnance and establish their
weekly credit accounts. The line of credit is
free of all charges, interest or repayments
for the frst six months of the franchisee
being in business.
"The Snap-on team sat down with my wife
and I and they explained everything simply
and clearly," said Jeremy. "The process was
completely transparent and the fnancial
side was easy to understand. I'd never done
anything like this before and yet the whole thing
was clearly spelt out. They set up everything,
including the bank accounts and that just made
me realise how good it was to be able to trust
Jeremy had the inside knowledge of running the
company store and he knew he could do that
little bit extra.
Snap-on Tools invites you to take our online Discovery Tour to nd out if we're
the right business for you. Visit www.snapontools.com.au/franchise
BE IN BUSINESS WITH THE BEST
SNAP ON TOOLS IS ONE OF THE LARGEST AND MOST SUCCESSFUL FRANCHISES
IN THE WORLD AND HAS BEEN OPERATING IN AUSTRALIA SINCE 1988.
Links Archive June 2015 December 2015 Navigation Previous Page Next Page