Matco Tools

Distributor of professional hand tools and equipment
Year began: 1979    Franchising since: 1993
Since 1979, Matco Tools, a subsidiary of Danaher Corp., has been manufacturing and distributing mechanics’ tools and service equipment, including everything from hand tools and toolboxes to shop equipment.

With more than 1,200 distributors across the United States and Puerto Rico, Matco and its franchisees service more than 825,000 automotive technicians and mechanics worldwide.

4403 Allen Rd.
Stow, OH 44224

Phone: (800)368-6651
Fax: (330)926-5325

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

Franchisee Association
Matco Dealer Advisory Council
Contact: Any Matco Dealer

Franchise Growth
Year

2008
2007
2006
2005
2004
U.S. Franchises
1,482
1,457
1,421
1,377
1,368
Canadian Franchises
27
24
11
0
0

Foreign Franchises
0
0
0
0
0
Company
Owned

0
0
0
4
4

Where Seeking Franchisees
Nationwide

Outside the U.S.:

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

Costs & Fees
Total investment: $79K-182K
Franchise fee: $0
Ongoing royalty fee: 0
Term of agreement: 10 years, renewable
Type of Financing Available
In-HouseThird Party
Franchise FeeNoNo
Startup CostsYesYes
EquipmentYesYes
InventoryYesYes
Accounts ReceivableYesYes
PayrollNoNo
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 & Support
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

Rankings in Entrepreneur magazine 2004-2008
Franchise 500® rank:
#30 (2008); #24 (2007); #47 (2006); #35 (2005); #32 (2004);

Ranked #1 in category in:
2008; 2007;

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

Top home based franchises:
#6 (2008); #3 (2007); #10 (2006); #9 (2005); #7 (2004);

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

Last Updated: 5/7/2008 12:00:00 AM



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