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

Ken Hartman, CEO

Parent Company

Stanley Black and Decker

Ticker Symbol

SWK

Financial Requirements
Initial Investment

$131,501 - $287,630

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:

69 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 - $131,501 High - $287,630
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)

Franchise Articles

How to Scale Your Training with Video and Learning Management Systems

Delivering the same content to every new employee increases efficiency, quality and safety.

The Hottest Industries Today

Our list of the franchises best positioned for growth, even in uncertain times.

The Top Food Franchises of 2020

Food dominates the franchise world. Here, we rank the strongest brands in 14 tasty categories.

Finding Post-Pandemic Franchise Opportunities With Broker Consultant Groups

These companies specialize in matching aspiring business owners with suitable franchise options.

Former Republican Presidential Candidate Herman Cain Has Died After Being Hospitalized for Coronavirus

The former Godfather's Pizza CEO tested positive earlier this month, 11 days after attending President Donald Trump's campaign rally in Tulsa, Oklahoma.

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: January 21st, 2020