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2021 Franchise 500 Rank
#85 Ranked #75 last year
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Initial investment
$132K - $287K
Units as of 2020
1,123 5.1% over 3 years

Company Overview

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.

About Mac Tools

Industry
Retail
Related Categories
Tools Distribution, Automotive
Founded
1938
Parent Company
Stanley Black and Decker
Leadership
Phil Cox, President/General Manager
Ticker Symbol
SWK

Franchising Overview

Franchising Since
2011 (10 years)
# of employees at HQ
250
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees in the following international regions: Asia, Europe (Western), Canada, Mexico

# of Units
1,123 (as of 2020)

Franchisor Information

Corporate Address
505 N. Cleveland Ave.
Westerville, OH 43082

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Mac Tools franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$8,000
Initial Investment
$131,621 - $287,240
Net Worth Requirement
$40,000
Cash Requirement
$18,000 - $22,000
Veteran Incentives
$10,000 off startup inventory
Term of Agreement
10 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

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

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
120 hours
Classroom Training
50 hours
Additional Training
As needed
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

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
Yes
Can this franchise be run part time?
No
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Mac Tools landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Mac Tools ranked on other franchise lists? Find out below.

Ranked #85

Franchise 500 Ranking

Ranked #43

Top Global Franchises

Ranked #5

Top Franchises for Veterans

Ranked #14

Top Franchises for Less Than $150,000

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021