How much does a Mac Tools franchise cost?
- Initial Franchise Fee: $3,000
- Total Investment: $103,190 to $255,305
- Working Capital: $20,000 to $50,000
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How do I open a Mac franchise?
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).
How much do Mac tool guys make?
As of Oct 23, 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 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.
How many Mac tool franchises are there?
Join more than 1,200 Mac Tools franchisees and distributors to bring our top-quality tools to professional technicians at countless dealerships and garages.
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 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. These numbers indicate that potential earnings can vary significantly and it depends on factors.
How many Mac Tools trucks are there?
Their primary distribution center is located in Hilliard, Ohio, United States. Mac Tools business model is a franchise system with roughly 1500 distributors across North America. Their primary competitors include Matco, Snap-on, and Cornwell Tools.
How much is a Cornwell tool franchise?
The minimum investment amount required to open a Cornwell Quality Tools franchise is $59,525 and can go all the way up to $277,825.
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.
What company owns Matco Tools?
VontierDanaher CorporationFortiveMatco Tools/Parent organizations
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 Matco make their own tools?
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..
Is MAC Cosmetics a franchise?
Many MAC Cosmetics stores are franchises. They have over a thousand franchised shops apart from their own independent stores.
How much does McDonald's franchise cost in India?
A McDonald's franchise requires a total investment of ~Rs 6.6 Cr-Rs 14 Cr, with liquid capital available of Rs 5 Cr. The franchise fee is Rs 30 lakh. As a franchise, you will be charged a service fee of 4% of total sales.
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.
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
Take the next step and fill out the form to have a local franchise specialist contact you.
What is a Mac Tools franchise?
Franchise Description: The name of the franchisor is Stanley Industrial & Automotive, LLC through its Mac Tools Division. The franchisee will receive the right to operate a business involving the mobile sale of professional automotive tools and similar products manufactured and/or distributed by Mac Tools and bearing the “MAC Tools” trademarks. The franchisee may also be permitted to purchase and distribute certain other products sold by Mac Tools. The franchisee will regularly visit a route of assigned stops with a truck equipped with displays of the tool inventory.
What are the obligations of a Mac franchisee?
Obligations and Restrictions: Franchisees are required under the Franchise Agreement to participate and use their best efforts in their Mac Tools Business and to actively participate in each Route assigned to them. However, franchisees are not obligated under the Franchise Agreement to operate their route provided they have the franchisor’s consent to allow an employee of theirs to operate their route (s). No one other than franchisees or their employee may operate their route (s). Franchisees must at all times actively supervise the operation of their Mac Tools business on each route to which they have assigned an employee. Only the products or, if applicable, the SBD Products, may be sold to customers at the stops on the franchisee’s route (s), unless the other product is obtained: (1) by accepting a trade-in from a customer; or (2) at the request of a customer and the franchisee is unable to obtain such product from Mac Tools within the time period required by the customer.
How much is LTA fee?
LTA administrative or service fees may be up to 10% of the amount of the purchase price eligible for the LTA Program.
How long is a franchise agreement?
Term of Agreement and Renewal: The length of the initial franchise term is 10 years unless terminated earlier under the terms of the Franchise Agreement. One successive renewal term of 10 years is available, provided that renewal conditions are met.
Can a Mac Tools franchisee purchase other products?
The franchisee may also be permitted to purchase and distribute certain other products sold by Mac Tools. The franchisee will regularly visit a route of assigned stops with a truck equipped with displays of the tool inventory.
Can franchisees operate their route?
However, franchisees are not obligated under the Franchise Agreement to operate their route provided they have the franchisor’s consent to allow an employee of theirs to operate their route (s). No one other than franchisees or their employee may operate their route (s).
Does Franchise Direct sell your information?
Franchise Direct's reputation for integrity in the franchise industry has been established over our 20+ years in business. We NEVER sell your information or share it with anyone other than the companies from which you have requested information. Please view our privacy policy.
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Mac Tools franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Franchise 500 Ranking History
Compare where Mac Tools landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Mac Tools ranked on other franchise lists? Find out below.
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.
What is included in the Starter Inventory?
Included with the Starter Inventory is a computer system meeting Mac Tools’ requirements and specifications, loaded with the Mobile Business Assistant (“MBA”) software and capable of communicating with the internal computers at Mac Tools.
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.)
How much does a Mac Tools franchise cost in the UK?
The franchise fee is £5,000, which gives you the right to resell your franchise in the future.
How can apply to be a Mac Tools franchisee?
Applying for a Mac Tools franchise is a multi-step process. The franchise approval and recruitment process are five steps that take you from application through to business set-up.
Why should I invest in a Mac Tools franchise?
A Mac Tools mobile franchise is different from other franchise opportunities.
How does the Mac Tools franchise model work?
This isn’t an accident: with nearly thirty years of experience, Mac Tools has developed a full support network for franchisees.
Who makes Mac tools?
Founded in 1938 as the Mechanics Tool and Forge Company by seven men who wanted to manufacture the finest tools in the world, they grew steadily, helped by sizeable US government contracts they received during WWII.
Do Mac Tool franchisees need an automotive background?
Not necessarily. If you have a sales background or good business experience that will be helpful as would a basic knowledge of the tools a mechanic uses. However, though experience is advantageous, the right attitude, drive and determination are essential. If you don’t have this experience, their comprehensive training and coaching could fill in the gaps.
