[AT] OT- Cornwell Tools

[Stephen Offiler]

Going back a couple steps in this thread, I wanted to highlight this
comment:  " I also have doubts about his ability to get out and sell
himself as he has not shown this ability to date."

Tool dealer HAS to be a natural-born salesman.  This is a serious concern
you're raising here.

SO




On Wed, Jul 12, 2017 at 4:21 PM, Dan Glass <dglass at numail.org> wrote:

> 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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> >>
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