Matco Tool franchise is a mobile tool franchise that provides professional mechanics with over 13,000 different types of premium tools, storage, and other repair equipment. Matco Franchisees are for the personal business owners who like to sell and deliver the service tools to a covered route of 325 professional auto technicians. Their mobile toll store is 24X7 hours available.Â
What Is Matco Franchise?
Matco Franchise is a mobile tool distribution business where a franchise sells automotive tools and other equipment primarily to mechanics and auto repair shops. The company was founded in 1946 and they are part of Fortive Corporation and are well regarded for its high-quality products in the whole automotive repair industry.
What Is The Failure Rate For Matco Franchises?Â
The failure rate of the Matco tool franchise is more of a statistical count. The broader insights of the franchise success and SBA load data provide the same type of context. According to the report of 2010 36% of the SBA loans for the Matco franchise reportedly defaulted. Failure rates are relatively high suggesting the potential financial struggle for some of the franchises.Â
This statistic is over a decade old so the current condition can be different, particularly with the Matco growth and adjustment.
The common factors impacting the Matco franchise’s performance even the initial investment cost are pretty high.
How Much Is A Matco Franchise?
The starting Matco tools franchise typically requires some initial investment ranging from approximately $76,000 to $309,000. The ranges include the franchise fees that are around $7,000. That covers all kinds of costs like the inventory and equipment.
Other ongoing expenses included various royalties and advertising fees along with the inventory replenishment. Franchises need sufficient working capital to cover all of these and ensure effective operations. This is a common franchise to secure the franchise options to handle all kinds of upfront investment.
In Summary
Many franchise owners are asking about what Matco tools franchise cost is. This cost is entirely depending on your potential and investment strategies. There are many franchises that require a very minimum cost for startup but Matco tools require more than $76,000.
