What is the estimated range for a vehicle for a Cornwell Quality Tools dealership?
Cornwell_Quality_Tools Franchise · 2025 FDDAnswer from 2025 FDD Document
this Disclosure.
NOTE 5 – Vehicle. All Dealerships are also required to purchase or lease a truck or van. Cornwell must approve the truck or van to be obtained. Approved trucks and vans must be equipped so that District Managers or others riding along can sit safely and are protected against injury from objects thrown forward from the rear compartment. Cornwell will recommend sellers or lessors of suitable trucks and vans but does not require that any such truck or van be obtained from a particular source. The estimated range for the cost of a suitable truck or van is $75,000 to $185,000, depending on whether the truck or van is new or used, and on its condition and features. A Truck Leasing Program through third-party leasing companies has been established for those Cornwell Dealerships who choose to use it. The Truck Leasing Program is further described below.
Cornwell has entered into an agreement with Trans Lease, Inc., of Denver, Colorado, to establish a Truck Leasing Program, through which Cornwell Dealerships can lease approved trucks and vans on extended terms. Under the Program, new vehicles and vehicles previously used by other Cornwell Dealerships will be available. Vehicles manufactured by Summit Body Works and Herr Display Van are currently offered under the Program.
Cornwell is completely independent of Trans Lease and Cornwell will not receive any revenue from the Truck Lease Program. Trans Lease reserves the exclusive right to set lease terms and to approve or disapprove any Cornwell Dealership for participation in the Program. Cornwell has no right to require Trans Lease to approve a Dealership or to approve any particular lease terms.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 23–29)
What This Means (2025 FDD)
According to Cornwell Quality Tools' 2025 Franchise Disclosure Document, the estimated cost for a suitable truck or van ranges from $75,000 to $185,000. This range depends on whether the vehicle is new or used, as well as its overall condition and specific features. Cornwell Quality Tools must approve the truck or van that the franchisee obtains.
Cornwell Quality Tools recommends sellers or lessors of suitable trucks and vans but does not mandate that franchisees obtain their vehicles from any particular source. To assist franchisees, Cornwell Quality Tools has established a Truck Leasing Program through third-party leasing companies, such as Trans Lease, Inc., offering approved trucks and vans on extended terms. Vehicles manufactured by Summit Body Works and Herr Display Van are currently offered under the Program.
It is important to note that vehicle expenditures are normally non-refundable, and Cornwell Quality Tools has no control over any such refunds. If a franchisee is a convertee, they may be permitted to continue using an appropriate van or truck they already own or lease, provided Cornwell Quality Tools approves it. In such cases, a Cornwell Quality Tools decal package must be installed to replace existing decals, at the franchisee's cost. Approved trucks and vans must be equipped so that District Managers or others riding along can sit safely and are protected against injury from objects thrown forward from the rear compartment.