Top 250 Franchise by Entrepreneur – Rank no.41 – Matco Tools – US
Products & Services: Mechanics’ tools & service equipment
Number of Locations: 1,431
Total Investment: $88.87K – 243.71K
Began Franchising: 1993
About Matco Tools
Since 1979, Matco Tools, a subsidiary of Danaher Corp., has been manufacturing, distributing and servicing automotive equipment, tools and toolboxes. Today the company’s line of products includes over 13,000 different items. Franchisees, who bring these products to their customers in trucks, number nearly 1,500, with locations in all 50 states, as well as Puerto Rico and Canada.
Startup Costs, Ongoing Fees and Financing
Term of Franchise Agreement: 10 years, renewable
Net Worth: $60,000
Liquid Cash Available: $32,000
Franchise can be run from home. 1% of all franchisees own more than one unit. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
|FINANCING TYPE||IN-HOUSE||THIRD PARTY|
How This Franchise Supports Franchisees
Franchise Ranking History
|Type||Subsidiary of the Danaher Corporation|
|Products||Professional hand tools|
Matco Tools, Inc. is a professional tool manufacturer for the automotive and other industries  and is based in Stow, Ohio, United States. This includes over 13,000 different tools such as wrenches, screw drivers, gauges, and specialty tools. Matco also produces their own line of high quality toolboxes in the USA at their Jamestown, NY manufacturing plant. They also contract several Chinese factories to manufacture their air tools, electric, and diagnostic tools. They also carry a similar lifetime warranty on all hand tools.The company was founded in 1946 and began selling direct to professional mechanics in 1979. Matco Tools is a subsidiary of theDanaher Corporation. Matco stands for Mac Allied Tool Company, however they haven’t been associated with Mac since 1979.
Similar to Snap-on, Cornwell and many Mac Tools dealers, Matco Tools are sold by a local tool distributor who owns a territory by means of a franchise. The franchise owner drives to the work locations of potential customers, and typically offers financing to individuals looking to buy their tools. Matco trucks are easily identified by their white color with large blue and red Matco logo on the side.
NMTC, Inc. d/b/a/Matco Tools (“MATCO”) is a Delaware corporation, incorporated on January 12, 1993, with its principal office at 4403 Allen Road, Stow, Ohio 44224. Matco is a wholly owned subsidiary of Matco Tools Corporation (“MTC”), and operates as an indirect wholly owned subsidiary of Danaher Corporation (“Danaher”). MTC is a New Jersey corporation with its principal office at 4403 Allen Road, Stow, Ohio 44224. Danaher is a Delaware corporation, with its principal place of business at 1250 24th Street, N.W., Washington, D.C. 20037.