Matco Tools

Founded: 1979   Franchising since: 1993
Since 1979, Matco Tools, a subsidiary of Danaher Corp., has been manufacturing and distributing mechanics’ tools and service equipment, including everything from hand tools and toolboxes to shop equipment.

With more than 1,200 distributors across the United States and Puerto Rico, Matco and its franchisees service more than 825,000 automotive technicians and mechanics worldwide.

4403 Allen Rd. Stow, OH 44224

Franchisee Association Matco Dealer Advisory Council

Franchisor is a publicly-held company with 150 employee(s); 7 employee(s) in franchise department.

Franchise Growth

Where Seeking Franchisees
Nationwide
Outside the U.S.:
Exclusive territories available.
Territory size: 325 mon. pre-identified customers

Total investment: $81.1K-183.1K Franchise fee: $0

Ongoing royalty fee: 0 Term of agreement: 10 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	No
Startup Costs	Yes	Yes
Equipment	Yes	Yes
Inventory	Yes	Yes
Accounts Receivable	Yes	Yes
Payroll	No	No

Third-party financing source(s): SBA member banks,

Qualifications
Net worth requirement: $60K
Cash liquidity requirement: $25K
Business Experience:

• Industry experience
• General business experience
• Marketing skills

Operations

• Franchise can be run from home
• 1% of all franchisees own more than one unit
• Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training

• Available at headquarters: 2 weeks
• At franchisee's location: 3 weeks
• District meetings: Every 5 weeks

Ongoing Support

• Newsletter
• Meetings
• Toll-free phone line
• Grand opening
• Internet
• Field operations/evaluations

Marketing Support

• National media
• Regional advertising
• Other marketing support: Direct-sales meetings, online support

Franchise 500® rank:
#39 (2009); #30 (2008); #24 (2007); #47 (2006); #35 (2005);

Ranked #1 in category in:
2008; 2007;

Fastest-Growing Franchises:
#86 (2008); #76 (2007);

Top home based franchises:
#7 (2009); #6 (2008); #3 (2007); #10 (2006); #9 (2005);

America's Top Global Franchises:
#34 (2009); #51 (2008); #29 (2007); #44 (2006);