Full Answer
See more
Is Matco Tools a good franchise?
It's no wonder Matco Tools has been ranked in Entrepreneur's Franchise 500 many times in recent years. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
How much do you make with Matco Tools?
Average Matco Tools Delivery Driver hourly pay in the United States is approximately $19.00, which is 17% above the national average.
How much does a Matco salesman make?
Average Matco Tools hourly pay ranges from approximately $11.00 per hour for Packer to $25.83 per hour for Human Resources Generalist. The average Matco Tools salary ranges from approximately $25,000 per year for Associate to $83,707 per year for Route Sales Representative.
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.
Is Matco Tools a good company to work for?
Is Matco Tools a good company to work for? Matco Tools has an overall rating of 3.5 out of 5, based on over 84 reviews left anonymously by employees. 52% of employees would recommend working at Matco Tools to a friend and 40% have a positive outlook for the business.
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.
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 does it cost to own a Snap-on truck?
Facts & FiguresLiquid capital required$37,583Investment$169,223 - $382,235Franchise fee$8,000 - $16,000Offers FinancingYesUnits in operation4,7693 more rows
How much does a top car salesman make?
While ZipRecruiter is seeing salaries as high as $117,115 and as low as $18,857, the majority of CAR Salesman salaries currently range between $24,812 (25th percentile) to $54,587 (75th percentile) with top earners (90th percentile) making $88,828 annually in California.
How much can you make in sales?
The average pay for a sales representative in the United States is $79,451 per year. This includes an average salary of $52,173 per year, with commissions averaging $27,277 per year. Additional pay may include cash bonuses, commissions, tips, and profit-sharing.
What is Matco Tools?
Matco Tools supplies professional mechanics and auto enthusiasts with premium tools, storage, and equipment to get repairs done. Did you know that auto technicians buy their own tools? The tools and service we provide are delivered through a network of over 1,800 independent business owners - our Franchisees.
What Matco Franchisees Do
Matco Franchisees are personal business owners who sell, deliver, and service tools using mobile tool stores that THEY own. That means they set their own schedules, grow their own businesses, and write their own paychecks.
Do I Need Tool Experience?
Our world-class business training means no tool or automotive experience is needed.
What Does a Matco Tools Franchise Cost?
To buy a franchise with Matco Tools, you'll need to have at least $40,000 in liquid capital. Franchisees can expect to make a total investment of $70,000 - $170,000. They also offer financing. *
How long is Matco training?
Our initial 10-day classroom training program combines product information with business classes to help you get off to a successful start. After you graduate, you will experience another six weeks of intensive training in the field. We make sure that you feel comfortable and confident, not only with your decision to join the Matco Tools family, but also day-to-day in your store.
Does Matco pay royalty fees?
Receive national advertising, marketing materials and sales tools to boost your business at no cost to you – No advertising or royalty fees.
Does Matco offer in-house financing?
In addition to having one of the lowest start-up costs in franchising, Matco Tools is one of the few franchise systems that offers in-house financing to those who qualify. Matco’s Financial Services group has a dedicated team that will assist you with your financial needs as you start your new business.
Does Matco provide tools?
In addition to the industry-leading classroom sessions and hands-on training in your store, Matco will provide you with the tools you need to succeed.
What does a Matco distributor do?
A Matco distributor buys his inventory directly from Matco at a significant discount. He then sells the tools to his customers at a higher (list) price. We’ll start you with an initial inventory of the tools most likely to be purchased by your customers.
How much of a distributor's customers pay on time?
Upwards of 70% of a distributor’s customers pay "on time" (like a credit card account). You’ll need to fund this account so that you can begin offering time-based payments to customers immediately.
Does Matco finance franchises?
Matco provides in-house financing for those who qualify, making it far easier for many of our distributors to get the franchise investment capital they need. In some cases, we may be able to finance all your initial costs.
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.
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.
