7/10

Franchimp Summary Rating

7 /10
Lower than 39% of peers

Franchise Summary

Description
This Disclosure Document provides information regarding the operation of a Matco Distributorship. Matco is a manufacturer and distributor of professional quality mechanics’ tools and service equipment (the "Products"). If you enter into a Distributorship Agreement with Matco, you will purchase, resell, and service the Products, which currently consist of more than 15, 800 items, as a mobile distributor under the Matco System
Company Background
Matco Distributorship is a company that sells professional quality mechanics' tools and service equipment. If you enter into a distributorship agreement with Matco, you will purchase, resell, and service the products under the Matco system.
Franchise Opportunity
Becoming a mechanic is hard and takes years of training. Owning your own business can be an exciting way to earn money, but it also means taking on the responsibility for paying taxes and health insurance for yourself, as well as liability insurance for your customers. You will need to pay rent if you want a storefront or garage space, which can add up quickly depending on where you live. If you don't have enough cash flow from sales to cover overhead costs like these, then things can get very difficult very fast. Matco Distributorship offers a simpler way to make good money in this industry without all the hassle of being your own boss by selling tools out of your car trunk at gas stations around town or renting out extra room in your house/garage with Craigslist ads. We provide support through our national distribution center and each regional office has its own warehouse full of inventory that gets restocked every day so there's no waiting
Corporate Structure
Matco Tools Corporation 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 Fortive Corporation, which was a wholly owned subsidiary of Danaher Corporation until July 2, 2016. Fortive is a Delaware corporation, incorporated on November 11, 2015, with its principal place of business at 6920 Seaway Blvd., Everett, WA 98203. Danaher is a Delaware corporation, with its principal place of business at 2200 Pennsylvania Avenue NW, Suite 800W, Washington, DC 20037-1701.

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Retail Stores Industry

$476,198 / unit

Franchise Type: Standard

Average Revenue During 2022

$476,198
$458,613
Industry Low
$1,289,906
Industry High

Financial Performance of "225 Distributorships" Units

Average Revenue Per Unit

Compared vs. Retail Stores Industry

$458,613 / unit

Franchise Type: 225 Distributorships

Average Revenue During 2022

$458,613
$458,613
Industry Low
$1,289,906
Industry High

Financial Performance of "Enhanced Territory Distributorships" Units

Average Revenue Per Unit

Compared vs. Retail Stores Industry

$605,005 / unit

Franchise Type: Enhanced Territory Distributorships

Average Revenue During 2022

$605,005
$458,613
Industry Low
$1,289,906
Industry High

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of Matco Tools Franchisees

Matco Tools Franchise System Development in 2022

FAQ

How much investment do I need to start my own Matco Tools business?
Franchisees typically require at least $107 to $340 investment to get their Matco Tools business started
What are the initial franchise fees for Matco Tools?
Franchisees typically need to pay at least $10 in fees directly to Matco Tools in order to earn the right to launch their business
How much money can I make with a Matco Tools franchise? What are the average revenues for a typical Matco Tools business?
We estimate that the average revenue of an individual Matco Tools unit is approximately $476,198. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a Matco Tools unit? What is my contractual commitment?
Matco Tools franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 10 years. You can of course exit early but don’t expect to get any refund!

Accessibility

7 /10
The Franchisor's investment costs ranges from $107,476 to $340,059 which is Much Lower than the $0 to $0 average in the Retail Stores industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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