Matco Tools Franchise has been named the best franchise in the “Tools Distribution Category” and 26th overall in Entrepreneur’s 33nd Annual Franchise 500.
Franchisors were judged by an independent auditor and measured by a set of objective, quantifiable criteria, including financial strength and stability, growth rate, and size of the system. Also measured are the number of years the company has been in business, the length of time it’s been franchising, startup costs, litigation, percentage of terminations and whether the company provides financing. Those companies that receive the highest cumulative scores join the prestigious Franchise 500.
In the 2012 rankings, Entrepreneur named the Matco Tools Franchise fourth in the "Top 10 Home Based Franchises" category and number 23 in "America’s Top Global Franchise." The company has also been named the best tool franchise five times in the last six years.
Ernie Lauber, senior vice president of sales at Matco Tools, said the company does well because it is invested in the success of every franchisee.
“Matco Tools is a world-class franchise system with low startup costs, internal financing and a proven business model,” said Lauber. “We are honored that among the hundreds of other franchises, Matco has been recognized by Entrepreneur Magazine as best in class once again. We see this as a reflection of the power of the Matco’s Business System.”
He said Matco Tools offers a number of world-class benefits to franchisees, including:
• No franchise fees, on-going royalties, or advertising fees
• No real estate investment or employees
• Flexible financing options
• National advertising
• National motorsports sponsorship
• More than 200 new and exclusive product introductions annually
• Outstanding customer and technical support
The company has a product line of more than 13,000 of the highest quality, innovative tools and accessories.