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Matco Tools

2014 Franchise 500
#29
At a Glance

Products & Services: Mechanics' tools and equipment

Number of Locations: 1,493

Total Investment: $94.1K - $248.7K

Founded: 1979

Began Franchising: 1993

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
2014 1,433 60 0 0
2013 1,387 56 0 6
2012 1,366 45 0 0
2011 1,384 45 0 5
2010 1,397 42 0 6
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $94,129 - $248,710
Franchise Fee: $5,000
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: $10,000 in inventory
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).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

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

Franchise 500®: #29 (2014), #41 (2013), #26 (2012), #19 (2011), #19 (2010),
Top Home-Based: #5 (2014), #8 (2013), #4 (2012), #5 (2011), #6 (2010),
America's Top Global: #58 (2014), #53 (2013), #23 (2012), #17 (2011), #15 (2010),

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