[AT] OT- Cornwell Tools

Dan Glass dglass at numail.org
Wed Jul 12 13:21:29 PDT 2017


I think that bankruptcy rate is lower than the national average for 
startup small businesses.  I think a lot of people don't realize you 
usually don't make any money for the first couple of years unless you 
really work you butt off.


On 7/12/2017 3:12 PM, Mogrits wrote:
> Thanks for all the replies guys. Just to re-state: This is my son in law
> making this decision, not me.
>
> I'd done my research on the tools and understand they are good, quality
> tools- some of the last still made in USA. My concern comes from statistics
> such as 30% bankruptcy rate for tool-truck businesses, which is quite high.
> I also have doubts about his ability to get out and sell himself as he has
> not shown this ability to date.
>
> Just normal father-in-law concerns since it is a considerable investment.
>
> It is a little reassuring to hear from you guys that at least the product
> is a good one, and that several of you knew of long time successful
> operators. He has close connections with two of the local trade schools
> mechanics shops, and thinks this will gain him access to a pipeline of
> incoming potential customers. My opinion is the young starting mechanics
> are going to be visiting swap meets and pawn shops to build their starting
> collections- not buying off a tool truck.
>
> I guess time will tell.
>
> Thanks again,
> Warren
>
> On Wed, Jul 12, 2017 at 1:31 PM, charlie hill <charliehill at embarqmail.com>
> wrote:
>
>> Regardless of which brand,  the tool truck business is all about being
>> buddies
>> with the mechanics at the dealerships.  If they like you, and you race
>> together on
>> weekends, etc. and if you feel comfortable with the risk and the credit
>> aspects of
>> selling to mechanics on time and collecting the money it CAN be lucrative.
>> It can be a disaster too.
>>
>> Charlie
>>
>> -----Original Message-----
>> From: Jim Yost
>> Sent: Wednesday, July 12, 2017 12:20 PM
>> To: Antique tractor email discussion group
>> Subject: Re: [AT] OT- Cornwell Tools
>>
>> We have a Cornwell dealer in my area. He has been in business for quite
>> some
>> time now. I have a few of his tools. Compares to Mac and Snapon
>>
>> Sent from my iPhone
>> Jim
>>
>>> On Jul 11, 2017, at 10:38 PM, Mogrits <mogrits at gmail.com> wrote:
>>>
>>> Is anyone familiar with these or know anything about them? Son in law is
>>> considering becoming a dealer and I'd never heard of them. It's a pretty
>>> big investment- he'd have to buy the tool truck and pay for a lot of
>>> franchise training. I can't stop whatever he does but have a nagging
>>> feeling it's a mistake.
>>>
>>> https://en.wikipedia.org/wiki/Cornwell_Tools
>>>
>>> I'm thinking an obscure brand in a market dominated by Snap on and Mac is
>>> going to be a tough sell. But maybe it is not as obscure as I think.
>>> Anyone
>>> have experience with them?
>>>
>>> Warren
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