What is the average salary of Matco Tools Franchise Owner? Matco Tools Franchise Owners earn $91,000 annually, or $44 per hour, which is 41% higher than the national average for all Franchise Owners at $60,000 annually and 32% higher than the national salary average for all working Americans.
Full Answer
How much does it cost to open Matco franchise?
Matco does not have advertising cooperatives. 1. Initial Franchise Fee for New Distributors: $5,600 to $8,000 When you sign the Distributorship Agreement, you must pay Matco an initial franchise fee of $8,000 (the “Initial Franchise Fee”).
What is Matco’s return policy?
Due Date: Upon invoice or demand, charged to Open Purchase Account (restocking fee). Matco’s current tool return policy provides that a distributor may return eligible tools and other inventory that the distributor purchased from Matco for credit. Matco will charge a 15% restocking fee for many, but not all, returned products.
Does Matco require a drug and alcohol test?
If you are interested in acquiring a Matco franchise, and you proceed successfully through the application process, before Matco grants a franchise to you, Matco may require that you certify to it, or provide such other evidence as it may designate, that your Principal Owner has passed a drug and alcohol test.
What is Matco’s military discount for new distributors?
Matco will provide to each new Distributor whose Principal Owner is an honorably-discharged veteran of the U.S. military who purchases a “standard” or “ETD” Matco Distributorship $10,000 of hand tools (valued at list price) at no charge.
How much does it cost to be a Matco distributor?
Matco Tools Total Franchise Costs*:Initial Franchise Fee$8,000Initial Inventory$50,000 - $84,000Acquisition and Establishment of Time Payment Reserve or Time Payment Line of Credit$22,000 or $4,700 - $9,325Mobile Store Lease$2,784 - $160,000Computer Hardware$2,700 - $3,4007 more rows
How much do you make with Matco Tools?
The average Matco Tools salary ranges from approximately $25,000 per year for Associate to $83,707 per year for Route Sales Representative. Average Matco Tools hourly pay ranges from approximately $11.00 per hour for Packer to $25.83 per hour for Human Resources Generalist.
How much do snap on franchise owners make?
A Snap-on franchisee earns $24.78/hr. A week of work would earn you $991/week which accumulates to $4,295/month or $51,540/year. Of course, Snap-on franchisees may earn lower or higher than that. As of 2022, the salary here ranges from $25,000 to $85,000.
What do Matco drivers make?
Average Matco Tools Delivery Driver hourly pay in the United States is approximately $19.00, which is 18% above the national average.
How much can you make selling Mac Tools?
As of Oct 3, 2022, the average annual pay for a Mac Tools Distributor in the United States is $58,079 a year.
How do I become a Matco dealer?
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.
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 51% below the national average.
How much does a Snap-on truck cost?
Facts & FiguresLiquid capital required$37,583Investment$169,223 - $382,235Franchise fee$8,000 - $16,000Offers FinancingYesUnits in operation4,7693 more rows
How much do tool guys make?
How much does a Tool Truck Driver make? As of Oct 10, 2022, the average annual pay for a Tool Truck Driver in the United States is $57,958 a year.
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.
Does Matco Tools drug test?
Matco has a drug testing policy for prospective franchisees/distributors and their Principal Owners.
How many Matco dealers are there?
While Matco is an automotive tools sales industry, you don't need any automotive, tools, or sales experience. With over 1,900 local route owners, our extensive training system ensures that everybody begins their new business with the tools and skills they will need to be successful.
How does being a Snap-on dealer work?
Snap-on grants franchisees a license to operate a franchised mobile store. As a franchisee, you own your own business, selling high quality repair and diagnostic tools and equipment to a protected list of calls.
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.
What company owns Snap-on?
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.
How many Snap-on franchises are there?
The #1 Tool Brand in the World. The company has more than 58,000 products and operates in more than 130 countries. Globally, Snap-on has over 4,500 franchises.
What is the salary for Franchise Owner at Matco Tools?
The salary for Franchise Owner at Matco Tools is $91,000 annually.
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.
What is the average salary of Matco Tools Franchise Owner?
Matco Tools Franchise Owners earn $91,000 annually, or $44 per hour, which is 41% higher than the national average for all Franchise Owners at $60,000 annually and 32% higher than the national salary average for all working Americans. The highest paid Franchise Owners work for Express Personnel Services at $128,000 annually and the lowest paid Franchise Owners work for Bonus Building Care at $23,000 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.
Good money But long hours
They have savings account system You see kinds of people The people you meet you wine up being friends with them Your co-workers are just like you . Collecting money is the down side .
How much should you be earning?
Tell us about you and get an estimated calculation of how much you should be earning and insight into your career options.
How much does a Store Owner make at Matco Tools in the United States?
Average Matco Tools Store Owner yearly pay in the United States is approximately $55,858, which is 27% below the national average.
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.
