Cornwell Quality Tools franchise
2025 filing · April 1, 2025GrowingShares sales figures
Cornwell Quality Tools at a glance
A mobile tool dealership selling Cornwell tools and equipment to mechanics from a truck on an assigned route. At the end of 2024 there were 793 Cornwell Quality Tools locations in the US, all franchised.
The business
- Franchisor
- Cornwell Quality Tools Company
- The company that sells the franchises
What you pay
- Cost to open
- $175K–$319K
- A new Cornwell dealership
- Franchise fee
- $0
- Since Cornwell charges none; new dealers instead buy at least $60,000 of starting inventory and keep a $20,000 inventory reserve
- Royalty
- None
- No royalty or advertising fee. Dealers buy the tools they sell from Cornwell at dealer prices
- Brand fund
- None now
- No contribution required
- Agreement length
- No fixed term
- Franchisor financing
- Some financing offered
Where it is
- US locations, 2024
- 793
- Franchised and company-owned
- Franchised
- 793
- Company-owned
- 0
- Change in 3 years
- +17
- Franchised locations, 2022–2024
- States
- 47
- Most in Texas, Pennsylvania and California
From Cornwell Quality Tools Company’s 2025 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Cornwell Quality Tools among all franchises with the same figure.
| Figure | Cornwell Quality Tools | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $246,675 | Costs less than 63% of franchises |
| Franchise feePaid once, when you sign | $0 | Lower than 99% of franchises |
| US locationsFranchised and company-owned | 793 | More than 96% of franchises |
| Sales per locationYearly, as the brand reports it | $613,648 | Lower than 62% of brands that share sales figures |
| Sales against cost to openYearly sales over the cost midpoint | 2.5× | Higher than 72% of brands that share sales figures |
How much a Cornwell Quality Tools franchise costs
Opening a new Cornwell dealership costs an estimated $174,525 to $318,825. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: Cornwell Quality Tools Company, 2025 filing, page 24
Cornwell Quality Tools franchise fee
The franchise fee is $0, since Cornwell charges none; new dealers instead buy at least $60,000 of starting inventory and keep a $20,000 inventory reserve. You pay it when you sign the franchise agreement.
Source: Cornwell Quality Tools Company, 2025 filing, page 21
Royalty and ongoing fees
| Royalty | No royalty or advertising fee. Dealers buy the tools they sell from Cornwell at dealer prices. |
|---|---|
| Brand or marketing fund | No contribution required. |
| Computer Software Fees | $275 initial fee; $50 monthly fee |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Cornwell Quality Tools Company, 2025 filing, page 22
Other fees as filed, from page 22. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Cornwell Quality Tools publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
- Average revenue
- $613,648
Yearly figures for 2024, covering U.S. dealers (mobile tool stores) in business all of 2024 (669 locations). The filing gives an average for each third rather than one overall figure; this is the overall average worked out from those and each one's number of locations. The average is about 2.5 times the midpoint of the cost to open.
Sales are what a location takes in before rent, payroll, royalties and other costs, not what its owner keeps.
Source: Cornwell Quality Tools Company, 2025 filing, pages 63–64
SBA loans to Cornwell Quality Tools franchisees
Lenders approved 96 SBA 7(a) loans for Cornwell Quality Tools franchisees from 1997 to 2025, $6.59M in all. Of the 87 that have ended, 56 were paid in full and 31 were charged off (35.6%). The other 9 haven’t ended yet.
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
Growth and closures
Share of franchised locations, 2024 / 2022–2024. Typical means the median: half of brands are above it, half below.
| Measure | Cornwell Quality Tools | Typical mobile brand | Typical franchise |
|---|---|---|---|
| GrowthNet change in franchised locations | −0.3% / +2.2% | +4.5% / +77% | +1.2% / +10% |
| ClosuresTerminated, not renewed or stopped operating | 16% / 45% | 4.7% / 23% | 3.9% / 16% |
| Bought backLocations the franchisor took back | 0% / 0% | 0% / 0% | 0% / 0% |
Typical mobile brand is the median of the 34 brands in mobile franchises with three years of counts.
How Cornwell Quality Tools compares
Of the 139 mobile franchises on this site, Cornwell Quality Tools is the 114th cheapest to open and the 5th largest by number of locations.
| Figure | Cornwell Quality Tools | Typical mobile brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $175K | $96K | $222K |
| Cost to open, high end | $319K | $167K | $477K |
| Franchise fee | $0 | $35K | $40K |
| Sales per location | $614K | $305K | $794K |
| US locations | 793 | 10 | 21 |
| Shares earnings figures | Yes | 91 of 139 | 2,147 of 3,352 |
Typical is the median across the 139 brands in mobile franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2022 | 809 (+33) | 0 | +138 | −105 |
| 2023 | 795 (−14) | 0 | +99 | −113 |
| 2024 | 793 (−2) | 0 | +127 | −129 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: Cornwell Quality Tools Company, 2025 filing, page 69
Where Cornwell Quality Tools locations are
At the end of 2024, Cornwell Quality Tools had franchised locations in 47 states. The most are in Texas, Pennsylvania and California.
- Texas119
- Pennsylvania47
- California43
- North Carolina40
- Colorado39
- Ohio31
| State | Franchised |
|---|---|
| Texas | 119 |
| Pennsylvania | 47 |
| California | 43 |
| North Carolina | 40 |
| Colorado | 39 |
| Ohio | 31 |
| Tennessee | 28 |
| Michigan | 26 |
| Florida | 24 |
| Washington | 24 |
All 47 states
Source: Cornwell Quality Tools Company, 2025 filing, page 74
Who owns Cornwell Quality Tools?
Cornwell Quality Tools franchises are sold by Cornwell Quality Tools Company.
From Cornwell Quality Tools Company’s 2025 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | Yes. The filing describes past or pending cases involving the franchisor, its affiliates or its executives on pages 14–21. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Cornwell Quality Tools Company, 2025 filing, litigation on pages 14–21, bankruptcy on page 21
Cornwell Quality Tools filings
The figures on this page come from Cornwell Quality Tools Company’s 2025 filing, issued April 1, 2025, on record with the Minnesota Department of Commerce.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2025 filing | April 1, 2025 | Minnesota | Costs, fees and locations, 2022–2024 |
Each link opens the filing as a PDF. See the newest filings across all brands.
Other mobile franchises
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Cornwell Quality Tools is also on these lists: retail franchises.