Mac Tools
#75 Franchise 500| Automotive tools and equipment

About
Founded

1938

Franchising Since

2011 (9 Years)

Corporate Address

505 N. Cleveland Ave.
Westerville, OH 43082

Leadership

Phil Cox, President/General Manager

Parent Company

Stanley Black and Decker

Ticker Symbol

SWK

Financial Requirements
Initial Investment

$131,621 - $287,240

Net-worth Requirement

$40,000

Liquid Cash Requirement

$18,000 - $22,000

Ongoing Fees
Initial Franchise Fee

$8,000 - $8,000

Financing Options

Mac Tools has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory, accounts receivable

Veteran Incentives

$10,000 off startup inventory

Support Options
Ongoing Support

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Site Selection

Proprietary Software

Franchisee Intranet Platform

Marketing Support

Ad Templates

National Media

Social media

SEO

Website development

Email marketing

Loyalty program/app

On-The-Job Training:

120 hours

Classroom Training:

50 hours

Additional Training:

As needed

Mac Tools is ranked #75 in the Franchise 500!
Bio
The Mechanics Tool and Forge Company was founded in 1938, and its name was changed to Mac Tools in 1963. Today, Mac Tools is a division of Stanley Black & Decker Inc. and sells automotive tools and equipment. Prior to the start of franchising in 2011, the company offered distributorships.
Cost
Initial Investment: Low - $131,621 High - $287,240
Units
-1.4%-16 UNITS (1 Year) +22.3%+205 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: Asia, Canada, Mexico, Europe (Western)

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: September 27th, 2020