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Matco Tools
Matco Tools is a manufacturer and distributor of quality professional automotive equipment, tools and toolboxes. Their product line now numbers more than 19,000 items. They also guarantee and service the equipment they sell. Matco Tools is a subsidiary of Danaher Corporation, a Fortune 500 company and key player in several industries, including tools, environmental and industrial process and control markets. Matco began operation in 1946 and, since 1979, they have sold their products directly to professional mechanics, enthusiasts, and those who value quality tools through a network of independent franchised mobile distributors. Their franchisees are easily recognized in their white trucks bearing the familiar Matco logo. Today, Matco distributors operate in all 50 states, Canada and Puerto Rico. Matco is a very inexpensive franchise to launch, with no licensing or royalty fees. Matco's franchisee distributions sell its tools and auto supplies out of branded mobile trucks, with an emphasis on targeting buyers in their particular territory.
Facts & figures
$30,000 is required in available capital if you want to become a franchisee. Matco Tools expects new franchisees to have a net worth of at least $75,000. The low end of the total investment required to open a new franchise is $79,000. The most you would expect to invest in a Matco Tools location is $188,000. In total, there are 1504 units of this franchise open today.
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