How much does it cost to start with Matco?

How much does it cost to start with Matco?

Matco Tools Franchise Costs & Fees

Name of Fee Low High
Initial Franchise Fee $8,000 $8,000
Initial Inventory $50,000 $88,000
Acquisition and Establishment of Time Payment Reserve Accounts -or- Time Payment Line of Credit $22,000 $4,700 $22,000 $9,325
Mobile Store — 1.5 months lease payments $2,784 $121,474

How much does a Matco Tools franchise cost?

Matco Tools Total Franchise Costs*:

Initial Franchise Fee $8,000
Initial Inventory $50,000 – $88,000
Acquisition and Establishment of Time Payment Reserve or Time Payment Line of Credit $22,000 or $4,700 – $9,325
Mobile Store Lease $2,784 – $121,474
Computer Hardware $2,700 – $3,400

How much do Matco distributors make?

Average Total Revenue (Completed Business) Of Matco Distributors In Business For All Of 2020:

Top 1/3 of Matco Distributors Middle 1/3 of Matco Distributors
Average Total Revenue (Completed Business): $619,445 $401,646
Total Median (Completed Business) Revenue: $572,313 $401,717

How much money does a Matco tool truck make?

Matco Tools Franchise Owners earn $91,000 annually, or $44 per hour, which is 41% higher than the national average for all Franchise Owners at $60,000 annually and 32% higher than the national salary average for ​all working Americans.

What does it take to become a Matco distributor?

Completing the Matco Distributor application and submitting it for preliminary approval permits a detailed analysis of funding requirements, available financing options, and establishes franchise qualifications. Once approved, you will meet with a Matco Representative to complete your personal business plan and budget.

How much do Matco Tool drivers make?

Average Matco Tools Delivery Driver hourly pay in the United States is approximately $19.00, which is 17% above the national average.

How much does a Snap-On tool guy make?

Snap-on Salary FAQs The average salary for a Franchise Owner is $72,286 per year in United States, which is 36% lower than the average Snap-on salary of $114,167 per year for this job.

Why franchise with Matco Tools?

In addition to having one of the lowest start-up costs in franchising, Matco Tools is one of the few franchise systems that offers in-house financing to those who qualify. Matco’s Financial Services group has a dedicated team that will assist you with your financial needs as you start your new business.

How can I determine my income potential as a Matco distributor?

You’ll be better able to determine your income potential as a Matco Distributor once you have met with a Matco Tools Franchise Expert. They will be able to provide you with the best possible income estimates for franchise owners in your area.

How much does it cost to start a tool&equipment franchise?

Depending on the type of franchise you choose to get into, you can be looking at upwards of hundreds of thousands of dollars to start one. On the other hand, other franchise opportunities within the tool & equipment niche brings a more realistic view for a person who wants to start a low-cost franchise.

How much does it cost to start a franchise?

This covers costs that enable you to get your business up and going. For perspective, a franchise with low startup costs can range anywhere between $10k to $35k out of pocket.