What is the total investment I’ll need to make?
I turned my minimal investment into a thriving franchise.
I always wanted to own a business and be my own boss, but every franchise I looked at was just too expensive to consider. I didn’t have a lot of capital or upfront cash for equipment, advertising and real estate. Then I discovered Matco, a franchise opportunity with no initial franchise fees, advertising fees or ongoing monthly royalty payments.
Not only did Matco require less money upfront (around $30,000), but I also qualified for in-house financing that I couldn’t get with other franchises.
With a lower investment Matco tooled me to win and gave me the opportunity to realize my dream of owning my own business.
The military allowance brings down initial startup costs, making Matco even more affordable for veterans.
I left the military and wanted to use my skills to own my own business. As a sergeant in the Marine Corps, you learn self-reliance and self-discipline, which are the most important things you need to develop a successful franchise. As long as you have that, Matco really does help provide the rest.
The $10,000 incentive that Matco offers all veterans is such an important contribution because it is money that comes right off of your initial truck inventory.
In addition to that, the training and support are amazing. You don’t need to know about tools. Matco trains you for two weeks in a classroom, and then with an actual trainer who rides along to support you through real-life customer situations, so you will be confident with how to react to them. They give you every opportunity to succeed.
What is my earnings potential?
I work hard and make good money.
I made the decision to own a business because I wanted a change and I wanted to make more money. Matco provides the tools for you to set your own earning potential and profit goals.
Sure, running a Matco Tools franchise is hard work and a lot of responsibility, but what part of owning a business isn’t? The big difference in my life today is that I reap the benefits of my labor. Without having to pay employees, rent, workers’ comp, insurance premiums or advertising costs, more money goes into my pocket and I’m out- earning people with my same level of experience.
Within the first four weeks, my business was already paying its own bills and turning a profit.
Right after high school I joined the military and spent 28 years primarily flying helicopters and purchasing tools for them with a team of buyers. After I left the military, I started up a Matco franchise because I had a passion for tools and wanted to own my own company.
I chose Matco because they really do give you the whole package. You have the military incentive of $10,000, which shows Matco cares about the people that serve this country, an exclusive list of 325 potential customers, and classroom and field training. They give you the tools; all you need is the desire and motivation.
Within four weeks my business was already paying its own bills and turning a profit. It’s up to you how successful you want to be.
Which industry is best for me to own a franchise?
I’m new to this industry, but Matco supports me in every aspect of the business.
I was a teacher for seven years before becoming a Matco Tools franchise owner. I grew up around cars, but didn’t have any formal training or industry background. Matco gave me all of the industry training and knowledge I needed to effectively sell tools and build a successful business.
I sought out Matco because of their reputation, but what I have been extremely impressed with is the constant support and tools they’ve provided over my first six months as an owner. Because of the training team and the support of my district manager, I have the confidence to sell Matco tools to every customer on my route. I also have a strong understanding of the product offering and how they help my customers get their jobs done faster.
Over the past six months I have surpassed my ownership goals, my business is growing and I have exceeded my earnings expectation.
Matco’s customer service is a fool-proof resource even when you don’t have a background in the industry.
I had 23 years of franchise experience in the grocery business and was looking for a change. We looked at many different franchises in several different categories before choosing Matco. After doing the discovery day tour at the headquarters in Stow, I had a good feeling about Matco and its employees at the corporate level. I knew it was the right fit for me. What made the biggest impression on me was how long all of the people we met had worked for Matco; that says a lot about the company.
The biggest struggle I had to overcome was my lack of knowledge of the product I was selling. I was always honest with my customers when they asked me a question that I didn’t have an answer for. Matco has excellent customer service, and I called them many times with specialty tool questions. They would always help me find the information I needed. My favorite part of my job became when I found a specialty tool for a customer that my competition didn’t want to bother looking for.
Focusing on customer service and earning your customers’ trust by being honest and dependable makes sales and collections much easier. And you can count on Matco Tools to help you every step of the way.
Does the company offer financing options?
Matco’s in-house financing gave me the help I needed to get my franchise started.
After working as a mechanic and having a great relationship with all of the local Matco distributors, I knew I wanted to start my own franchise, but financing was a major concern. I didn’t have the money available to get started without putting my house up for sale, or risking some other large collateral.
Matco’s in-house full-financing program gave me the money I needed to get started. It is a great option for those of us who don’t have the finances for the initial start-up process. Through the financing program, the guidance of seasoned distributors in the area and the excellent Matco customer support, I was able to become the owner of a successful business.
I get to do what I love every day, and Matco gave me the help I needed to make my franchise dream come to life.
Will the company support my franchise?
Matco support keeps my business running smoothly every day.
I sought out an award-winning franchise because I wanted to own my own business, but not without a quality company backing me.
Matco’s support, from initial training to yearly business reviews and daily customer service assistance, are the tools that help keep my business running smoothly every day.
Matco is the #1 ranked mobile tool franchise company in the country per Entrepreneur Magazine in 2012 ...partly because of the comprehensive training they provide. I was fully prepared and confident because Matco provided me with the tools I needed to run my franchise before I even entered the field. And during my first year, the team at Matco provided step-by-step assistance to make sure I was on track to meet my business goals.
Through Matco’s partnership, they have tooled me for growth and to be the proud business owner I am today.
Matco has a proven business model that I rely on to run my business.
I knew a franchise was a proven business model, and that I could get the help and support I needed to start my business. I chose Matco because of the amazing assistance during the startup process, and the training. You always have someone available to help when you need it. Plus, you have no employees, less overhead than a brick and mortar retail store and no competition with other Matco distributors for your potential customers’ business.
Owning a franchise can be a challenge because while it’s your own business, you also have the franchisor overseeing your work. This was easy to overcome because Matco always has my best interest in mind, and they also have answers to my questions when I don’t know something. I also love having a field manager available to offer advice. It’s almost like having a business partner that can help you with the things that you may not be an expert on.
It is very rewarding knowing that everything you get out of your Matco franchise is because of the hard work that you put in, day in and day out. I have developed a lot of great friendships with my customers and with my fellow distributors. Matco is one big family and we all want to see new franchisees!
A few words from Matco's Senior Vice President of Sales
Matco provides the tools that support you and your business for the long haul.
Entrepreneur Magazine has rated us the number one franchise in the tool category for five out of the last six years. And it’s because I can guarantee that Matco provides the tools that support you and your business for the long haul.
You work for yourself and you have no employees. In addition to that, very specific to Matco, there are no initial franchise fees. There are no ongoing royalty payments. There are no advertising fees. So really, you can make sure your blood, sweat and tears stay in your business.
Another component of our franchise that really helps out is our potential customer list of 325 individuals that we actually introduce the distributor to.
We are committed. You’ve heard that. You can guarantee that Matco will be there to support you.