Matco Tools Franchise Opportunities
Matco Tools, Inc. is an American professional tool distributor 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 produces their own line of high quality toolboxes in the USA at their Jamestown, NY manufacturing plant. They manufacture and contract the production of many air tools, electric tools, hand tools and diagnostic tools. They carry a lifetime warranty on all hand tools. The company was founded in 1946 and began selling direct to professional mechanics in 1979.
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.
How to open a Matco Tools franchise?
- Ensure you have adequate capitalization.
In order to open a Matco Tools franchise, you must have a net worth of more than $23,200. - Appreciate the investment required for a tool distribution franchise.
You will need to consider the costs depend on personal budget needs, projected business budget, equipment needs, inventory, and accounts receivable requirements. - Evaluate your prior experience and strengths.
You should thoroughly evaluate your prior business experience before applying to become a Matco Tools franchise owner. - Assess market availability.
You will want to look at the market availability for Matco Tools franchises and see if there are available markets in your location of interest before proceeding with the franchising application. - Submit your application.
Your application will be reviewed by the Matco Tools franchise team. You will be emailed a confirmation receipt upon reception of your online application, where we will additionally provide the contact details of the franchise owner. - Receive approval & opening your Matco Tools franchise.
You will receive franchise approval once your financial and background checks are completed. Approval will only be given to candidates who meet all the requirements of franchise owners.
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Financial Requirements for Matco Tools Franchise
How much does Matco Tools franchise cost?
Matco Tools has the franchise fee of up to $8,000, with total initial investment range of $76,634 to $275,450.
Initial investments: $76,634 - $275,450
Net Worth Requirement: $23,200 - $35,000
Liquid Cash Requirement: $23,200 - $35,000
Matco Tools Total Franchise Investment Costs
| Type Of Expenditure | Low | High |
|---|---|---|
| Initial Franchisee Fee | $8,000 | $8,000 |
| Initial Inventory | $50,000 | $88,000 |
| Acquisition and Establishment of Time Payment Reserve or Time Payment Line of Credit | $4,700 - $9,325 | $22,000 |
| Mobile Store Lease | $2,784 | $121,474 |
| Computer Hardware | $2,700 | $3,400 |
| Computer Software and Internet Service - 3 months' payments | $2,050 | $2,750 |
| Insurance - 3 months' premiums | $435 | $4,581 |
| Travel, Lodging and Meals (for training) | $170 | $2,515 |
| Professional Services (accountant, legal help for franchisees) | $295 | $5,320 |
| Fixtures, Supplies, Licenses | $500 | $4,000 |
| Additional Funds - 3 months' living expenses (reserve) | $5,000 | $13,500 |
| TOTAL* | $76,634 | $275,450 |
* The data above, compiled from the Matco Tools Franchise Disclosure Document (FDD) issued March 6, 2021, represent the estimated financial range for the initial setting up.
Ongoing Fees
Initial Franchise Fee: $8,000
Are you interested in starting Matco Tools Franchise in the USA, Canada or another country?
We provide estimated franchise costs for some countries:
- In the United States, the total investment to start the Matco Tools distribution is around $76,634 to $275,450.
- In Canadian currency, the investment comes around CAD 116,000 to CAD 341,000.
Support Options
On-The-Job Training: 72 hours
Classroom Training: 72 hours
Additional Training: District meetings
Matco Tools Franchise Info: https://www.matcotools.com/franchise
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Starting investments from:$76,634
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Company type:Distribution
- Company foundation year1979
- Year of launching the franchise1993
- Franchise enterprises:1,781
- Corporate Address:4403 Allen Rd. Stow, OH 44224, USA
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