Matco Tools

Founded: 1979 Franchising since: 1993
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.

4403 Allen Rd. Stow, OH 44224

Phone: (800)368-6651 Franchisee Association Matco Dealer Advisory Council

Franchisor is a publicly-held company with 150 employee(s); 7 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	1,442	34	0	0
2008	1,448	32	0	0
2007	1,457	24	0	0
2006	1,421	11	0	0
2005	1,377	0	0	4

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Canada

Exclusive territories available.
Territory size: 325 mon. pre-identified customers

Total investment: $81.1K-183.1K Franchise fee: $0

Term of agreement: 10 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	No
Startup Costs	Yes	Yes
Equipment	Yes	Yes
Inventory	Yes	Yes
Accounts Receivable	Yes	Yes
Payroll	No	No

Third-party financing source(s): SBA member banks

Qualifications
Net worth requirement: $60K
Cash liquidity requirement: $25K
Business Experience:

• Industry experience
• General business experience
• Marketing skills

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)

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 500® rank:
#39 (2009); #30 (2008); #24 (2007); #47 (2006); #35 (2005);

Ranked #1 in category in:
2008; 2007;

Fastest-Growing Franchises:
#86 (2008); #76 (2007);

Top Home Based Franchises:
#7 (2009); #6 (2008); #3 (2007); #10 (2006); #9 (2005);

America's Top Global Franchises:
#34 (2009); #51 (2008); #29 (2007); #44 (2006);