#26
At a Glance
Products & Services: Mechanics' tools & service equipment
Number of Locations: 1,434
Total Investment: $82.38K - 191.82K
Founded: 1979
Began Franchising: 1993
Public Owned
About Matco Tools
Since 1979, Matco Tools, a subsidiary of Danaher Corp., has been manufacturing, distributing and servicing automotive equipment, tools and toolboxes. Today the company's line of products includes over 13,000 different items. Franchisees, who bring these products to their customers in trucks, number nearly 1,500, with locations in all 50 states, as well as Puerto Rico and Canada.Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2011 | 1,384 | 45 | 0 | 5 |
| 2010 | 1,397 | 42 | 0 | 6 |
| 2009 | 1,452 | 37 | 0 | 0 |
| 2008 | 1,448 | 32 | 0 | 0 |
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S. and Canada.
Startup Costs, Ongoing Fees and Financing
Total Investment: $82,376 - $191,819
Term of Franchise Agreement: 10 years, renewable
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $60,000
Liquid Cash Available: $32,000
Operations
Franchise can be run from home. 1% of all franchisees own more than one unit. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters: 2 weeks. At franchisee's location: 3 weeks. District meetings : Every 5 weeks.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations,
Marketing Support: National media, Regional advertising,
Other marketing support: Direct-sales meetings, online support
Franchise Ranking History
Fastest-Growing: #86 (2008),
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