Matco Tools

Thinking of investing in a Matco Tools franchise? We think it’s a great opportunity for anyone looking to open a business with an experienced franchisor behind them. Founded in 1979, Matco Tools specializes in Mechanics’ tools and equipment. As a Home Improvement franchise, Matco Tools has grown to include over 1,809 (as of 2020) units since they began franchising in 1993 (28 years). It costs an estimated $78,082 – $274,327 to open a Matco Tools franchise.

About Matco Tools

Matco Tools is a manufacturer and distributor of quality professional automotive repair tools, diagnostic equipment, and toolboxes. Our product line now numbers more than 13,000 items. We also guarantee and service the automotive repair and diagnostic tools and equipment we sell.

Matco Tools is a subsidiary of Fortive 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, have sold our automotive tools and products directly to professional mechanics, enthusiasts, and those who value quality automotive tools through a network of independent franchised mobile distributors. Our 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.

Finding a distributor, however, is not the only way to purchase Matco tools. We sell to central purchasing operations and other institutional customers through industrial sales representatives and, as part of our commitment to innovation, Matco is proud to offer our entire catalog of automotive repair tools for sale via the Internet. It’s an exciting new chapter in our story. And, just one more example of promise to be “First to market, first to the street.”

Matco is proud of our quality automotive repair and diagnostic tools, toolboxes and other quality products and our partnerships with our distributors. Together, we offer the best buying relationship in the industry.

Company Founded

1979

Current Leadership

Timothy Gilmore, President

Started Franchising

1993 (28 years)

Total Number of Units

1,809 (as of 2020)

Part-Time / Full-Time

Full Time

Stock Ticker Symbol

VNT

How Much Does It Cost To Open A Matco Tools Franchise?

There are several costs associated with opening a Matco Tools franchise. There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few.

Some franchises may have a weekly fee that the franchisee pays for operating a Matco Tools franchise. The weekly fee for opening a Matco Tools franchise is not specified.

The full breakdown of these fees can be found in the Financial Disclosure Document (FDD) provided to franchisees by the franchisor. The FDD report will contain additional information such as whether the franchise is renewable (Matco Tools Is Renewable) and does the franchise offer financing support (Matco Tools Matco Tools has relationships with third-party sources which offer financing to cover the following: equipment).

Matco Tools Company Details

Here are some additional details about Matco Tools.

Parent Company	Vontier
Initial Investment	$7,000
Net Worth Requirement	$23,200 - $35,000
Veteran Incentives	$10,000 off initial inventory
Cash Requirement	$23,200 - $35,000
Term of Agreement	10 years
Absentee Ownership	No
Run from Home	Yes
Part Time	No

Training and Support Offered By Matco Tools

Matco Tools offers several support options to its franchisees. With 1,809 (as of 2020) units, Matco Tools aims to provide support to each franchise owner to help them operate a successful franchise location. Matco Tools offers 80 hours on the job training, 90 hours classroom training, and District meetings additional training.

Training and Support Offered

Here are the support options offered by Matco Tools.

On-The-Job Training	80 hours
Classroom Training	90 hours
Additional Training	District meetings
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates National Media Regional Advertising Marketing Planning & Support Social Media SEO Website Development Email Marketing Loyalty Program/App

Is Matco Tools Right For You?

Matco Tools has gone digital! Here are all of the ways you can find Matco Tools online. Oftentimes, you can reach out to current franchisees of Matco Tools online. Current franchisees may be able to offer personalized insights into what it is like owning a Matco Tools franchise and offer tips to running a successful Matco Tools franchise location.

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Why Should You Start a Matco Tools Franchise?

Investing in a Retail franchise such as Matco Tools can kickstart your franchise portfolio. Our goal at Why Franchise is to provide you with the resources needed to be a successful franchise owner. Fill out the form below to get more information about Matco Tools franchise and we'll be in touch soon!

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