How much can a Matco franchise 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.
How much money do Matco Tool Distributors make?
How does the salary as a Distributor at Matco Tools compare with the base salary range for this job? The average salary for a Distributor is $43,951 per year in United States, which is 33% lower than the average Matco Tools salary of $66,327 per year for this job.
How much does a tool distributor make?
While ZipRecruiter is seeing annual salaries as high as $129,000 and as low as $19,000, the majority of Mac Tools Distributor salaries currently range between $31,500 (25th percentile) to $66,500 (75th percentile) with top earners (90th percentile) making $102,000 annually across the United States.
What is the start up cost for Matco Tools?
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 |
What is Matco interest rate?
The Big Three toolbox companies in the industry are Mac, Matco and Snap-on and all are using outrageous interest rates depending on state requirements. The rates vary from 6.25% all the way up to 22.50% in most states.
How do I become a Matco Tool dealer?
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.
Is Matco a good place to work?
Great pay and benefits, poor management. The compensation and benefits are great but communication between different departments as well as interdepartmentally is abysmal and management is seriously lacking in many different areas in many different departments.
How much can I make with Matco Tools?
Matco Tools employees earn $66,000 annually on average, or $32 per hour, which is equal to the national salary average of $66,000 per year.
Do tool trucks make money?
A Tool Truck Driver in your area makes on average $56,537 per year, or $1,309 (2%) more than the national average annual salary of $55,228.
What does it take to become a Matco distributor?
Does Matco report to credit?
Matco Tools reports to the Credit Bureau after the close of business on the 4th Friday of every month. Matco Tools reports delinquency to the credit bureaus once an account is 30 days past due.
How does Matco credit work?
Matco offers credit to full-time mechanics and students needing to finance their tools. After providing Matco with your local distributor information, your credit approval depends on verification of your full-time employment as an automotive technician and a credit application.
How much does it cost to start a Matco tool franchise?
For perspective, a franchise with low startup costs can range anywhere between $10k to $35k out of pocket. Matco Tools franchise startup costs are used for travel to our training facility and corporate office in Ohio, a down payment on your tool truck, and payment for truck insurance.
What do you need to know about Matco Tools?
Matco Tools supplies professional mechanics and auto enthusiasts with premium tools, storage, and equipment to get repairs done. Did you know that auto technicians buy their own tools? The tools and service we provide are delivered through a network of over 1,800 independent business owners – our Franchisees.
What is the total investment cost of a franchise?
Total investment cost includes money out of pocket and loan to finance your initial franchise investment. Start-up costs are needed to get your business going. Matco cannot give any specific numbers because of the variables and the franchise disclosure laws don’t allow us to give any specific income numbers.
What are out of pocket costs for a franchise?
It is common for there to be confusion between out of pocket cost vs total investment cost for a franchise. Out of pocket costs is considered start-up costs or amount of money or assets you will need to get started with a franchise. This amount can vary in relationship to your personal budget needs, amount financed, and equipment needs.