Matco Tools Franchise
Matco Tools is a franchise for a business providing mechanic’s tools and service equipment. It was founded in 1946 and started franchising in 1993.
What they do is distribute tools, equipment, and toolboxes that are for professional use. They have more than 13,000 items in their product line. They also provide a guarantee for their items and service the equipments as well. They are under Danaher Corporation which is a Fortune 500 company.
Their operation began in 1946 but it was in 1979 that they started offering their items directly to professionals and enthusiasts. Their franchisees are easily recognizable as white trucks with the logo of Matco. They now have 1,384 locations in the United States, 45 locations in Canada, and five locations that are company owned. Their operations in the United States are in all 50 states.
What are the products offered by Matco Tools?
For Aviation Tools, they have riveting and fastening, metal working, air tools, hand tools, and other items such as power drive bead roller, bookshelf and video library, tape products, shop equipment, composite tools, lights and inspection equipment, metal removal accessories, and polisher buffs and accessories. For Tool Boxes, they have single bays, service carts, double trays, tool trays, tool storage and accessories like trays, holders, magnetic caddy, magnet bars, drawer liners, and side cabinets and shelf.
For Wrenches and Sets, they have crowfoot, pro swing wrenches and sets, box, ratcheting box, pipe and chain, adjustable and ignition, open-end angle and sets, half moon and sets, flare nut, torque, and hex and sets. For Screwdrivers and Sets, they have screw starters, ratcheting screwdrivers, mini hook-n-picks and sets, torx and tamper proof screwdrivers and sets, Phillips and slotted screwdrivers and sets, and mini screwdriver bits and sets.
For Pliers and sets, they have precision, hog ring, cutting, needle nose, crimping and wire stripping, hose grip and hose clamp, alligator and cobra, and locking pliers and sets. For Hand Tools, they have nut drivers, hammers, pry bars, Matco plier sets, mechanic’s vises, retaining ring pliers, and specialized punch sets.
For Electric Power Tools, they have electric sanders, heat and soldering guns, bench grinders, power inverter, cordless screwdrivers, and electric drills. Hey also have items for general services, air tools, hand tools, diagnostics, air conditioning, vehicle service, and for truck and heavy duty.
Cost and requirements on running a Matco Tools franchise
You need to have a net worth of $60,000 and a total liquid asset of at least $32,000. Expect to be investing about $82,000 to $192,000. This is for a renewable 10 year term agreement. This franchise can be run from home. They allow multi-unit ownership. They do not allow absentee ownership.
What is included in the franchise package?
There will be two weeks training at the headquarters, three weeks at your location, and on-going meetings every five weeks. You will be receiving newsletters and a toll free phone number. You will be provided assistance at the grand opening. You will also be given access to the internet. Expect to be attending meetings and receiving occasional field evaluations. For marketing support, there will be regional advertising and national media.
Matco Contact Details
You may reach them at;
Address: Matco Tools 4403 Allen Rd Stow, OH 44224
Phone: (866) 289-8665