Matco Tools
#32 Franchise 500| Mechanics' tools and equipment

About
Founded

1979

Franchising Since

1993 (27 Years)

Corporate Address

4403 Allen Rd.
Stow, OH 44224

Leadership

Timothy Gilmore, CEO

Parent Company

Fortive Corp.

Ticker Symbol

FTV

Financial Requirements
Initial Investment

$93,420 - $272,690

Net-worth Requirement

$25,000

Liquid Cash Requirement

$23,200 - $35,000

Ongoing Fees
Initial Franchise Fee

$7,000 - $7,000

Financing Options

Matco Tools offers in-house financing to cover the following: franchise fee, startup costs, inventory, accounts receivable, payroll

Matco Tools has relationships with third-party sources which offer financing to cover the following: 
equipment

Veteran Incentives

10% off initial inventory

Support Options
Ongoing Support

Purchasing Co-ops

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Site Selection

Proprietary Software

Franchisee Intranet Platform

Marketing Support

Co-op Advertising

Ad Templates

National Media

Regional Advertising

Social media

SEO

Website development

Email marketing

Loyalty program/app

On-The-Job Training:

80 hours

Classroom Training:

90 hours

Additional Training:

District meetings

Matco Tools is ranked #32 in the Franchise 500!
Bio
Since 1979, Matco Tools, a subsidiary of Fortive Corp., has been manufacturing, distributing, and servicing automotive equipment, tools, and toolboxes. Today the company's line of products includes over 25,000 different items. Franchisees bring these products to their customers in trucks, with locations in all 50 states, as well as Puerto Rico and Canada.
Cost
Initial Investment: Low - $93,420 High - $272,690
Units
+1.2%+21 UNITS (1 Year) +8.6%+143 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: Canada

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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: August 16th, 2019