What is the average salary of Mac Tools Franchise Owner? Mac Tools Franchise Owners earn $80,000 annually, or $38 per hour, which is 29% higher than the national average for all Franchise Owners at $60,000 annually and 19% higher than the national salary average for all working Americans.
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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.
How much does it cost to start up a Mac Tools truck?
To buy a franchise with Mac Tools, you'll need to have at least $20,000 in liquid capital. Franchisees can expect to make a total investment of $109,000 - $250,000. Mac Tools charges a franchise fee of $8,000. They also offer financing via 3rd party as well as a discount for veterans (25% off Franchise Fee).
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.
How much does a Snap-On tool 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 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.
Can you franchise Mac?
Many MAC Cosmetics stores are franchises. They have over a thousand franchised shops apart from their own independent stores.
What happened Mac Tools?
In 1980, Mac Tools was bought by the Stanley Works, and is now part of a group of brands including Stanley Tools, Proto, Facom, and Blackhawk a subsidiary of Proto Tools.
Does Mac Tools still exist?
Today, Mac Tools has a product line in excess of 42,000 items and still uses the direct sales approach with a mobile sales force of distributors.
Are Matco tools Made in USA?
Matco produces their own line of toolboxes in their Jamestown, NY manufacturing plant. They manufacture and contract the production of many air tools, electric tools, hand tools and diagnostic tools.. The company was founded in 1946 and began selling direct to professional mechanics in 1979.
What franchise is the most profitable?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
How much does a Snap-on truck make a year?
Average Snap-on Owner Operator Driver yearly pay in the United States is approximately $100,000, which is 54% below the national average.
How much money does a tool dealer make?
The salaries of Tool Distributors in the US range from $17,720 to $38,850 , with a median salary of $23,923 . The middle 50% of Tool Distributors makes between $21,856 and $23,840, with the top 83% making $38,850.
How much does a Mac Tools franchise make?
Typically, franchise profits are proportionate to the size of investment. We can help you figure out how much money you can make by reviewing your personal situation. Please unlock this franchise for more information.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
How many franchise locations do they have?
As of the 2016 Franchise Disclosure Document, there are 687 franchised Mac Tools locations in the USA.
The Road to Success
Of course, starting your own business can come with a lot of risks. But most business owners don't have a built-in support network like ours. With a Mac Tools franchise, we provide everything you need to get on the right path.
MAC TOOLS TESTIMONIALS & VIDEOS
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Overview
As a franchisee, you'll own and drive a Mac Tools® truck which serves as your personal mobile tools store and be assigned a unique route list with approximately 325 potential customers. Plus, you'll have access to Mobile Business Assistant (MBA), a proprietary software to manage customer accounts, inventory, reporting, and more.
Investment Info
Many factors can determine the exact investment required to start your own Mac Tools® franchise. Below is a list of potential costs associated with starting your business, and the estimated investment ranges for each. Financing is available for qualified candidates.
How much does it cost to get a Mac Tools franchise?
In order to acquire a Mac Tools franchise, you must pay to Mac Tools an initial franchise fee of $3,000, which, unless financed by Mac Tools in circumstances as described in Item 10 of the disclosure document, is due in full upon the signing of the Franchise Agreement by Mac Tools. The initial franchise fee is not refundable.
How much does a Mac tool cost?
The prices of such trucks vary depending on the condition of the particular trucks. Mac Tools estimates the range of prices of trucks to be from $10,000 to $120,000.
What is the start inventory for Mac Tools?
A payment is required to be made to Mac Tools by a franchisee for the initial inventory of tools purchased for resale (the “Starter Inventory”). Inventory purchased for resale is sold to the franchisee at Mac Tools’ published prices established from time to time by Mac Tools.
What is Mac Tools entitled to?
Mac Tools is entitled to recover damages, costs, and expenses, including attorneys’ fees and disbursements, that Mac Tools incurs (1) as a result of (a) default under the Franchise Agreement, or any related agreement, (b) enforcement of rights under the Franchise Agreement concerning confidential information, (c) enforcement of rights under the Security Agreement, (d) Mac Tools’ efforts to collect amounts owed under the Purchase Agreement, (e) your assertion in arbitration or litigation that the representations and warranties made by you in the Franchise Agreement are not true or accurate, and (2) because it was required to compel arbitration.
How long does it take for Mac Tools to apply a charge?
Mac Tools may start applying the charge under the Purchase Agreement when purchase on a trade account is at least 10 days past due, and may continue to apply it to the unpaid balance until such purchase is paid in full.
What is management fee for Mac Tools?
11. Mac Tools Credit Program – Management Fees: 9% of the amount of each purchase by the franchisee’s customer on a Mac Tools Credit account (4% of the amount of each purchase by the franchisee’s customer on a Mac Tools Credit account is paid to Mac Tools.)
What is the late charge for a trade account?
Late Charge: 1.5% per month (18% per year) or the highest rate permitted by law (whichever is lower), based on the cash price of products purchased on a trade account and not paid when due
What is the average salary of Mac Tools Franchise Owner?
Mac Tools Franchise Owners earn $80,000 annually, or $38 per hour, which is 29% higher than the national average for all Franchise Owners at $60,000 annually and 19% higher than the national salary average for all working Americans.
What company pays the highest salary for the Franchise Owner position?
Express Personnel Services pays the highest salary for the Franchise Owner position at $128,000 annually.
What company pays the lowest salary for the Franchise Owner position?
Bonus Building Care pays the lowest salary for the Franchise Owner position at $23,000 annually.
Mac Tools Salary FAQs
How does the salary as a Franchise Owner at Mac Tools compare with the base salary range for this job?
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What is net worth?
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
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.