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2021 Franchise 500 Rank
#50 Ranked #32 last year
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Initial investment
$78K - $274K
Units as of 2020
1,809 3.0% over 3 years

Company Overview

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.

About Matco Tools

Industry
Retail
Founded
1979
Parent Company
Vontier
Leadership
Timothy Gilmore, President
Ticker Symbol
VNT

Franchising Overview

Franchising Since
1993 (28 years)
# of employees at HQ
340
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees in the following international regions: Canada

# of Units
1,809 (as of 2020)

Franchisor Information

Corporate Address
4403 Allen Rd.
Stow, OH 44224

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Matco 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
$7,000
Initial Investment
$78,082 - $274,327
Net Worth Requirement
$23,200 - $35,000
Cash Requirement
$23,200 - $35,000
Veteran Incentives
$10,000 off initial 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.

In-House Financing
Matco Tools offers in-house financing to cover the following: startup costs, equipment, inventory, accounts receivable, payroll
Third Party Financing
Matco Tools has relationships with third-party sources which offer financing to cover the following: equipment

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
80 hours
Classroom Training
90 hours
Additional Training
District meetings
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Marketing Planning & Support
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 Matco Tools landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

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

Ranked #50

Franchise 500 Ranking

Ranked #59

Top Global Franchises

Ranked #4

Top Franchises for Veterans

Ranked #4

Top Franchises for Less Than $100,000

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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