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How many Matco dealers are there?
Connect With a Franchise Expert Near You The tools and service we provide are delivered through our network of over 1,900 independent business owners - our Franchises.
How much do Matco tool guys make?
The estimated total pay for a Distributor at Matco Tools is $56,282 per year.
Who is Matco owned by?
Vontier CorporationMatco is a subsidiary of Vontier Corporation, a $3B S&P 500® global industrial technology company (NYSE: VNT) focused on smarter transportation and mobility.
How many Mac franchises are there?
Build a Great Career and a Great Life. Being a part of the largest and fastest growing tool company in the world is only one of the many reasons it's a great time to join the Mac Tools Family of Franchise Owners across the globe....Facts about this franchise:Total Units:1,234Franchising Since:20112 more rows
How much does a snap on franchise make?
How much do Snap-On Franchise Owners make? The highest-earning franchise made over $2 million in revenue whereas the lowest-earning franchise made less than $150,000.
How much can you make selling Mac Tools?
As of Oct 21, 2022, the average annual pay for a Mac Tools Distributor in the United States is $58,272 a year. Just in case you need a simple salary calculator, that works out to be approximately $28.02 an hour.
Who owns Snap-On tools?
Snap-on is a part of Snap-on Incorporated, which is a publicly-traded company with symbol SNA. In other words, individuals and institutions hold shares of the company in the same way as with other publicly-traded brands such as Coca Cola, Apple, Home Depot, and Stanley Black & Decker.
Does Harbor Freight own Snap-On tools?
No, Harbor Freight does not own Snap-On. Snap-On is an independent company with no affiliation to Harbor Freight, although they overlap in their product lines. Snap-on is part of Snap-on Incorporated – a public company that uses the symbol SNA.
Who makes air tools for Matco?
VontierThis includes over 13,000 different tools such as wrenches, screw drivers, gauges, and specialty tools. Matco produces their own line of toolboxes in their Jamestown, NY manufacturing plant....Matco Tools.TypeSubsidiary of VontierProductsProfessional hand toolsParentVontierWebsitewww.matcotools.com5 more rows
How much does Mac franchise cost?
McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee. Those looking to launch a new McDonald's franchise can expect to shell out between $1,314,500 and $2,306,500. Existing franchise prices can cost upwards of $1 million or more.
How much is a Mac tool truck?
$10,000 to $120,000Mac Tools Truck: $10,000 to $120,000 The prices of such trucks vary depending on the condition of the particular trucks.
Is working for Mac Tools worth it?
Mac Tools has an overall rating of 2.9 out of 5, based on over 60 reviews left anonymously by employees. 34% of employees would recommend working at Mac Tools to a friend and 30% have a positive outlook for the business.
Is Craftsman owned by Black and Decker?
Craftsman is a line of tools, lawn and garden equipment, and work wear. Originally a house brand established by Sears, the brand is now owned by Stanley Black & Decker.
What company owns Cornwell tools?
Currently headquartered in Wadsworth, Ohio, Cornwell Quality Tools is a family and employee-owned company.
Does Mac make their own tools?
Mac Tools also produces its own line of tool storage and carts with foreign sourced materials at its manufacturing plant located in Allentown, Pennsylvania. Mac Tools manufactured tools are produced in various Stanley Black & Decker facilities around the world.
How much do Matco trucks make?
Average Matco Tools Delivery Driver hourly pay in the United States is approximately $19.00, which is 17% above the national average. Salary information comes from 2 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.
How much does a Matco tool franchise cost?
How much does a Matco Tools franchise cost? Matco Tools has a franchise fee of up to $7,000, with a total initial investment range of $93,420 to $272,690. The initial cost of a franchise includes several fees -- Unlock this franchise to better understand the costs such as training and territory fees.
How many franchise locations do they have?
As of the 2019 Franchise Disclosure Document, there are 1711 franchised Matco Tools locations in the USA.
What is franchise grade?
Franchise Grade is dedicated to providing research and education that can help you make confident franchise investment decisions.
When did they begin franchising?
They began franchising in 1979. The average Tools franchise began franchising in 1993.
Who makes Matco tools?
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.
How long is a franchise agreement?
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
What is franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor.
What is franchise investment?
Definition: The total amount necessary to begin operation of the franchise. What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
How many states does Matco Tools have franchises?
17. Today, Matco Tools has franchise dealers in all 50 states as well as Canada and Puerto Rico.
How many Matco distributors are there in 2020?
2020 Weekly National Distributor Sales Average for the 1,508 Matco Distributors in the United States who (i) were in business at the beginning of 2020, (ii) were operating at the end of 2020, and (iii) reported sales close-outs at least 48 weeks during 2020
What is section V of Matco tools?
Section V – Presentation and analysis of Matco Tools’ financial performance representations, based on Item 19 of the company’s 2021 FDD, including information on the:
What is the Franchise 500?
Recognized as an invaluable resource for potential franchisees, the Franchise 500 ranks Matco Tools 50th for its outstanding performance in areas including unit growth , financial strength and stability, and brand power. Factors that go into the evaluation include: costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points.
What is the all day power system for Matco?
8. The all-day power system includes an automotive grade, NMC lithium ion storage pack that will provide Matco trucks with 18,000 Whs of storage and 3.6 kW of 120 AC (30A). The system provides all the energy operators need to power air conditioning, lighting, computer systems, and more. Franchisees can recharge their systems overnight and take the power with them during the day.
When will Matco release the new ball joint adapter?
10. In mid-July 2020, Matco Tools released the new Matco BJPXR9 Ball Joint Connected Adapter Kit, which covers 29 percent more vehicle models than competitive kits, with fewer adapters. The patent-pending secure-click C-frame holds adapters, cups, and ball joints securely, making it easier to setup, remove, and install ball joints.
How many distributors are in the top 1/3 group?
The 3 groupings of Distributors (Top 1/3, Middle 1/3, and Bottom 1/3) included 503 Distributors in the Top 1/3 group, 503 Distributors in the Middle 1/3 group, and 502 Distributors in the Bottom 1/3 group.
What is a Matco truck?
Matco trucks are easily identified by their white color with large blue and red Matco logo on the side. NMTC, Inc. d/b/a/Matco Tools ("MATCO") is a Delaware corporation, incorporated on January 12, 1993. Matco is a wholly owned subsidiary of Matco Tools Corporation ("MTC"). MTC is a New Jersey corporation.
What is Matco hand tools?
The company was founded in 1946 and began selling direct to professional mechanics in 1979. Originally Matco was the box manufacturing division of Mac Tools.
Is Matco a Mac?
Originally Matco was the box manufacturing division of Mac Tools. However, they have not been associated with Mac since Matco Tools was formed 1979. Former corporate owner Danaher spun off several subsidiaries, including Matco, in 2016 to create Fortive. Fortive, in turn, spun off Matco and other brands as Vontier in 2020.
How do I qualify to become a Matco Tools Franchisee?
Completing the Matco Distributor application and submitting it for preliminary approval permits a detailed analysis of funding requirements, available financing options, and establishes franchise qualifications .
Will I be competing with other Matco Tools Franchisees?
No. Each Matco Tools Franchise has their own territory and Call List so you never have to worry about overlapping or competing with other mobile franchise owners.
When do you need to purchase inventory from Matco?
You are required to purchase an initial inventory of Products from Matco (the “New Distributor Starter Inventory”) before the date your Distributorship commences operations. In some instances, your initial inventory may be acquired from a predecessor Distributor.
Why does Matco have hardware requirements?
Matco has set specific hardware requirements in order to ensure proper functioning of the MDBS Software.
How much is the minimum starter inventory for a distributor?
Currently, the minimum New Distributor Starter Inventory is generally $68,000 but may be higher (as discussed in the next paragraph). This amount may not be uniform for all Distributors, and Matco expects that the amount will range, generally, from $50,000 to $88,000.
How much inventory is needed for a 225 distributor?
In 2020, the minimum New Distributor Starter Inventory for a new 225 Distributorship was generally $46,000, even though the New Distributor Starter Inventory ranged from $44,500 to $68,000.
What is the minimum inventory purchase requirement?
Minimum Inventory Purchases: maintain an inventory of Products at least equal to the starter inventory; and maintain a ratio of purchase average to total sales of at least 60%. Also, during your first year of operations, you must participate in the NPP program.
Does Matco provide ETD?
military who purchases a “standard” or “ETD” Matco Distributorship $10,000 of hand tools (valued at list price) at no charge.
What is the minimum ratio for a year to date purchase?
Also, you must maintain a minimum ratio of 60% of your year-to-date purchases divided by your year-to-date sales.
Basics of a Matco Tools Franchise
If you’re thinking about buying a Matco Tools franchise, there are many things to consider before signing on the dotted line. Becoming a Matco Tools franchisee is not a guarantee of success, but rather a blueprint that can assist you in achieving success.
Matco Tools Due Diligence
You must conduct smart due diligence and determine from a business perspective whether owning a Matco Tools franchise is right for you.
Matco Tools Franchise Disclosure Document
Carefully read the Matco Tools Franchise DisclosureDocument (Also known as an FDD). They can be intimidating.
Does a Matco Tools Franchise Make Money?
A critical part of your due diligence is to build an estimated P&L (profit and loss statement) and see what the numbers might look like if you become a Matco Tools franchisee. Reading Chapter 13 of The Educated Franchise teaches you the secrets of this key step.