|Liquid Capital Required:||$40,000|
|Total Investment:||$70,000 - $170,000|
|Incorporated Name:||Matco Tools|
|Home Office:||Stow, OH|
About Matco Tools
Manufacturing quality professional automotive repair tools and diagnostic equipment, the Matco product line numbers over 13,000 different items, each backed by a guarantee and ongoing service. A subsidiary of Fortive Corporation, a Fortune 500 company, Matco Tools sells its products directly to professional mechanics and enthusiasts alike from their easily recognized white trucks bearing the famous Matco logo. The company also sells to central purchasing operations and other institutional customers through industrial sales reps, and almost every item in the inventory is offered for sale online.
Values & History
One of the best things about being a Matco Distributor is being a part of something larger than yourself, a team that's dedicated to working together to get real results for everyone. Founded in 1946, the organization brings decades of experience and industry knowledge to bear for franchise investors. The Matco promise of being "First to market, first to the street" is lived out in its commitment to ongoing innovation and service, with the company offering guarantees and repairs for all diagnostic tools and equipment sold. Today, the brand operates in all 50 states, as well as Canada and Puerto Rico, offering the best buying relationship in the industry through its distributor partnerships.
The Matco Tools company had a record number of new franchisees in 2014 due to the explosive growth in the industry. Total revenue for the market topped $67 billion for 2019, and the last five years averaged 2.4% growth annually, while the number of businesses in operation dropped to 7,293. With a lower start-up cost than most other franchise business models and no royalty or advertising fees, the company is poised for continued growth in the coming years and represents an excellent opportunity for prospective business owners.
Purchasing a Matco Tools Franchise
Prospective franchisees will need access to at least $40k in liquid capital to pursue a Matco Tools ownership. The total expected investment potential is between $70k and $170k. There are no advertising or royalty fees, and 100% of the start-up cost is covered through Matco's in-house financing program.
Ideal Candidate & Qualifications
Full and part-time business models are available, so the franchise works for a wide range of candidates. Ideally, prospective owners will be strong self-starters, motivated to achieve financial, personal, and organizational success. A commitment to excellence in service backed by strong people skills is highly preferred, as much of the franchise's success depends on building lasting, mutually beneficial relationships with repeat customers.
Training & Support
Matco Tools provides the most extensive training program in the industry, starting with an initial 10-day classroom experience that combines product information with business classes engineered to get new franchisees off to a successful start. Upon completion of initial training, owners receive another six weeks of intensive field training to ensure owners are comfortable and confident in the level of service they can provide. Additional support through national advertising marketing materials and sales tools are also provided.